Japan Endoscopy Devices Industry Overview
| Study Period: | 2019-2027 |
| CAGR: | 4.5 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Endoscopy Devices Market Analysis
The Japan endoscopy devices market is expected to register a CAGR of 4.5% during the forecast period.
The COVID-19 pandemic disrupted not only the research and development activities of other therapies and drugs for medical conditions other than COVID-19 but also impacted the treatment procedures and supply chain of medical devices around the world, which also impacted the studied market of endoscopy devices. According to a study published by WHO in September 2022, during the pandemic period, the number of endoscopies decreased during the pandemic period, and cancelations of endoscopy procedures also increased during this initial phase of the pandemic. In addition, endoscopic procedures in Japan rely on patient protective equipment, comprehensive room, equipment cleaning, and air circulation, which varies from endoscopy suites. Such reduction of endoscopy procedures in Japan during the pandemic period had a significant impact on the growth of the market. However, the resumption of endoscopy procedures during the post-pandemic period after the relaxation of strict lockdown regulations in Japan is expected to drive the growth of the market over the forecast period.
The growing preference for minimally invasive surgeries, increasing cases of diseases such as gastroenterology leading to the increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors leading to the growth of the endoscopic market.
As per the NCBI article published in October 2021, Japan has the highest prevalence of inflammatory bowel disease in Asia. The report also mentioned that the prevalence of ulcerative colitis was 172.9 per 1,00,000 people in Japan and Crohn's disease was 55.6 per 1,00,000 people. Therefore, the increasing number of cases of gastroenterology diseases in Japan is expected to increase the demand for endoscopic devices owing to the early and effective diagnostics, thereby boosting the growth of the market over the forecast period.
Moreover, the increasing development of various advanced endoscopy devices in Japan is also expected to drive the growth of the market. For instance, in January 2021, NEC Corporation announced the development of "WISE VISION Endoscopy," an AI diagnosis-support medical device software for colonoscopies, which was released in Japan. This software connects with existing endoscopy equipment as part of using AI to automatically mark potential lesions from images taken during endoscopic procedures.
Thus, owing to the above-mentioned factors, such as the rising prevalence of diseases leading to early and effective diagnostics and increasing product developments, the Japan endoscopy devices market is expected to show significant growth over the forecast period. However, the lack of skilled technicians and infections caused by few endoscopes is hindering the market growth.
Japan Endoscopy Devices Industry Segments
As per the scope, endoscopes are minimally invasive devices and can be inserted into natural openings of the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. The Japan Endoscopy Devices Market is segmented by Type of Device (Endoscopes (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, and Robot-Assisted Endoscopes), Endoscopic Operative Devices (Irrigation/Suction Systems, Access Devices, Wound Protector, Insufflation Device, Operative Manual Instrument, and Other Endoscopic Operative Devices), and Visualization Equipment (Endoscopic Camera, SD Visualization System, and HD Visualization System) and Application (Gastroenterology, Orthopedic Surgery, Cardiology, ENT Surgery, Gynecology, and Others). The report offers the value (in USD million) for the above segments.
| By Type of Device | ||||||
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| Endoscopic Operative Device | ||||||
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| By Application | |
| Gastroenterology | |
| Orthopedic Surgery | |
| Cardiology | |
| ENT Surgery | |
| Gynecology | |
| Other |
Japan Endoscopy Devices Market Trends
Gynecology segment is Estimated to Witness a Healthy Growth in Future
Endoscopy devices in gynecology are estimated to witness healthy growth in the future. The high growth of the gynecology segment is attributed to the high demand for gynecologic laparoscopic procedures and minimally-invasive procedures. A pelvic laparoscopy can examine the uterus, ovaries, and fallopian tubes. These devices are also used for fibroids removal, uterus, ovarian cysts, lymph nodes, an ectopic pregnancy, and detection of cancer of the ovary, uterus, and cervix.
As per an NCBI article published in 2021, more than 10,000 women in Japan suffer from ovarian cancer annually. Therefore, with the rising burden of gynecologic cancer and the rising demand for these devices, the market is expected to witness rapid growth over the forecast period.
Moreover, as per the Springer study article published in August 2022, the combination of Caparo/endoscopic and posterior sagittal approach ensured a tumor-free macroscopic surgical margin with easier, cosmetically pleasing vaginal reconstruction while preserving the anorectal and urinary functions. The study believed this approach could be utilized not only for vaginal yolk sac tumors (YST) but also for any vaginal tumor, especially those arising from the posterior or lateral wall. Thus, the various advantage of the endoscopic approach to cure gynecological cancer is expected to boost the growth of the market segment over the forecast period.
Thus, owing to the above-mentioned factors, such as rising gynecological disorders and the effectiveness of endoscopy in various gynecological, the studied segment is expected to grow during the forecast period.
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Cardiology is Expected to Hold a Notable Market Share Over the Forecast Period
Cardiopulmonary endoscopy is simple, safe, and effective in examining the cardiac chambers and the pulmonary arterial system. It can be performed with a sterilized flexible fibreoptic endoscope. It facilitates pulmonary embolectomy and precludes procedures and maneuvers that can cause serious complications.
The growing prevalence of various cardiovascular disorders, the rising geriatric population in Japan, and the increasing demand for endoscopy devices. For instance, according to the National Cerebral and Cardiovascular Center, Japan, in December 2021, the number of heart failure patients in Japan in 2020 was estimated to be approximately 1.2 million. In addition, according to the same source, the prevalence rate of cardiovascular diseases increases with age, and the number of heart failure patients is expected to increase further in Japan. Such a high prevalence of heart failure patients in Japan is anticipated to increase the demand for endoscopy procedures.
On the other hand, the increasing geriatric population, who are prone to develop various cardiovascular diseases leading to the demand for effective endoscopy procedures, is also expected to drive the growth of the market. For instance, in the JTC article published in September 2022, Japan's population aged over 75 years contributes to over 15% of the total population, and those over 65 years are 29.1% of the total population. Thus, the rising prevalence of various cardiovascular diseases and the rising geriatric population who are prone to develop cardiovascular diseases are expected to drive the demand for endoscopy procedures, thereby fueling the market growth in Japan over the forecast period.
Japan Endoscopy Devices Market Competitor Analysis
The Japan Endoscopy Devices Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Johnson and Johnson, Medtronic PLC, Olympus Corporation, Cook Group Incorporated, KARL STORZ, Conmed Corporation, Fujifilm Holdings Corporation, and Richard Wolf GmbH.
Japan Endoscopy Devices Market Top Players
Boston Scientific Corporation
Medtronic PLC
Olympus Corporation
Johnson and Johnson
Cook Group Incorporated
*Disclaimer: Major Players sorted in no particular order
Japan Endoscopy Devices Market Recent Developments
- September 2022: Japanese firm Olympus Corporation launched VISERA ELITE III, its newest surgical visualization platform that addresses the needs of healthcare professionals (HCPs) for endoscopic procedures across multiple medical disciplines.
- April 2022: Ambu received market clearance in Japan for the single-use gastroscope and display ecosystem, Ascope Gastro, and Abox 2, the global product launch was expanded to include Europe and Japan.
Japan Endoscopy Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Preference for Minimally-invasive Surgeries
4.2.2 Increasing Adoption of Endoscopy for Treatment and Diagnosis
4.2.3 Technological Advancements Leading to Enhanced Applications
4.3 Market Restraints
4.3.1 Lack of Skilled Technicians
4.3.2 Infections Caused by Few Endoscopes
4.4 Porter Five Forces
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Type of Device
5.1.1 Endoscopes
5.1.1.1 Rigid Endoscope
5.1.1.2 Flexible Endoscope
5.1.1.3 Capsule Endoscope
5.1.1.4 Robot-assisted Endoscope
5.1.2 Endoscopic Operative Device
5.1.3 Visualization Equipment
5.1.3.1 Endoscopic Camera
5.1.3.2 SD Visualization System
5.1.3.3 HD Visualization System
5.2 By Application
5.2.1 Gastroenterology
5.2.2 Orthopedic Surgery
5.2.3 Cardiology
5.2.4 ENT Surgery
5.2.5 Gynecology
5.2.6 Other
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 Johnson and Johnson
6.1.3 Medtronic PLC
6.1.4 Olympus Corporation
6.1.5 Cook Group Incorporated
6.1.6 KARL STORZ
6.1.7 Conmed Corporation
6.1.8 Fujifilm Holdings Corporation
6.1.9 Richard Wolf GmbH
6.1.10 Pentax Medica
6.1.11 Ethicon Endo-surgery LLC
6.1.12 Machida Endoscope Co., Ltd
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Japan Endoscopy Devices Market Research FAQs
What is the study period of this market?
The Japan Endoscopy Devices Market market is studied from 2019 - 2027.
What is the growth rate of Japan Endoscopy Devices Market?
The Japan Endoscopy Devices Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the key players in Japan Endoscopy Devices Market?
Boston Scientific Corporation, Medtronic PLC, Olympus Corporation, Johnson and Johnson, Cook Group Incorporated are the major companies operating in Japan Endoscopy Devices Market.
Japan Endoscopy Devices Industry Reports
In-depth industry statistics and market share insights of the Japan Endoscopy Devices Market sector for 2020, 2021, and 2022. The Japan Endoscopy Devices Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Japan Endoscopy Devices Market report PDF.
