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The Japan Respiratory Devices Market is segmented by Type (Diagnostic and Monitoring Devices, Therapeutic Devices and Disposables).
The Japan Respiratory Devices Market is expected to grow with a CAGR of 9.6% in the forecast period. The major factors driving the market growth are the huge patient pool with respiratory diseases like COPD, Asthma, etc, and increasing technological advancements in the region.
According to the Nippon COPD Epidemiology (NICE) study in Japan, 2019, the prevalence of COPD was estimated to be 8.6% in those over 40 years of age, an approximate total of 5.3 million patients. The prevalence of COPD thus increases with age, and thus, it is a typical respiratory disease of the elderly. in addition, the increasing geriatric population also fuels the increasing respiratory diseases which increase the demand of more respiratory devices in the market.
As per the scope of the report, respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia.
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The therapeutic devices segment is further classified into Ventilators, Inhalers, and Others. The demand for ventilators and other therapeutic devices is always high in the region due to the other respiratory diseases that are highly prevalent in the country.
In Japan, the most prevalent respiratory allergy in the country is Hay fever, which is caused due to the cedar pollen spread throughout the country. According to the article published in January 2020, it is estimated that 25 million people are found suffering from hay fever in Japan. Therefore the number of people suffering from hay fever is increasing that helps in the increase in the overall market growth.
Furthermore, with the advent of recent COVID 19 pandemic which requires the patients to be on ventilators as the virus affects the lungs, there is a huge demand for ventilators and other devices that have increased. The number of COVID cases is found increasing on a daily basis which has also increased the requirement of the therapeutic devices in the market.
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The Japan Respiratory Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Due to the COVID 19 situation, the government of Japan has decided to add more ventilators from the overseas suppliers boosting the market opportunities of the manufacturers.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Disorders
4.2.2 Technological Advancements in the Devices
4.3 Market Restraints
4.3.1 High Cost of Equipment and Stringent Regulatory Framework
4.4 Porter's Five Force Analysis
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
5.1 By Type
5.1.1 Diagnostic and Monitoring Devices
184.108.40.206 Sleep Test Devices
220.127.116.11 Peak Flow Meters
5.1.2 Therapeutic Devices
18.104.22.168 CPAP Devices
22.214.171.124 Oxygen Concentrators
126.96.36.199 Breathing Circuits
188.8.131.52 Other Disposables
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dragerwerk AG
6.1.2 Fisher & Paykel Healthcare Ltd
6.1.3 GE Healthcare
6.1.4 Getinge AB
6.1.5 Terumo Corporation
6.1.6 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 ResMed Inc.
6.1.9 Metan Co., Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments