Market Size of Japan Endoscopy Devices Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.76 Billion |
| Market Size (2029) | USD 3.94 Billion |
| CAGR (2024 - 2029) | 7.39 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Endoscopy Devices Market Analysis
The Japan Endoscopy Devices Market size is estimated at USD 2.76 billion in 2024, and is expected to reach USD 3.94 billion by 2029, growing at a CAGR of 7.39% during the forecast period (2024-2029).
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.
