japan-diagnostic-imaging-market-analysis-and-forecast-2014-2020-industry
Published

November 2016

Japan Diagnostic Imaging Market - Analysis and Forecast (2016 - 2021)

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The Japanese diagnostic imaging market has been estimated at USD XX billion for the year 2016 and is projected to reach USD XX billion by the end of 2021,growing at a CAGR of XX% during the forecast period from 2016 to 2021. It is the largest market in Asia. While Japan produces most of its own X-rays, CTs, and ultrasounds, it imports most MRIs from the USA.

Japan Diagnostic Imaging Market-Market Dynamics

Paying for diagnostic imaging procedures is easier in Japan than it is in other Asian countries. Not only do the Japanese have high average annual incomes but they also have a government that provides some form of health insurance to all individuals. Japan's Ministry of Health and Welfare has established the MRI reimbursement rate at USD 200 per scan, one-fifth of the US average.

Drivers

Factors contributing to the growth of the diagnostic imaging market in Japan include increased incidence of chronic diseases, high levels of healthcare expenditure and a massive elderly population. Nearly one in three Japanese citizens are older than 60, and many of them suffer from chronic conditions requiring diagnostic imaging. Until recently, many elderly Asians with chronic conditions (like cancers, kidney disease, heart disease, brain and joint disorders) had gone undiagnosed for decades. But as the per capita GDP increased, more and more of them could afford to spend on diagnostic methods and treatment. Growth trends for the future also include higher demand for mammography equipment, nuclear imaging equipment, and low dosage imaging.

Restraints

The side effects of diagnostic imaging procedures and saturation in the developed regions are the major challenges faced by the diagnostic imaging equipment. Cost rarely gets in the way of medical imaging procedures in Japan. There is no healthcare cost crisis in Japan.

The market is segmented based on type (X-ray, MRI, nuclear medicine, ultrasound, tomography, tactile imaging, photoacoustic imaging, thermography, elastography, echocardiography, and functional near infrared spectroscopy).

Medical imaging technology is a rapidly changing field, and healthcare organizations have multiple options for new acquisitions. Many players in this market are trying to expand their product portfolio in order to top the global market. A few companies have adopted product innovation and new product launches as their key business strategy to ensure their dominance in this market.

Some of the key players in the market are:

  • Fujifilm Holding
  • Hitachi Healthcare Systems
  • Samsung Medison
  • Shimadzu Corporation
  • Toshiba Healthcare Systems

 

Key Deliverables in the Study

  • Market analysis for the Japan diagnostic imaging market, with region-specific assessments and competition analysis on the global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Japan diagnostic imaging market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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