Market Trends of Japan Ultrasound Devices Industry
Portable Ultrasounds Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Portable ultrasound machines are also known as mobile ultrasound systems, and they are designed to be used in small spaces, at a patient's bedside, or directly in the diagnostic field. They provide the advantages of mobility and affordability, accurate and instant diagnosis, improved patient throughput, and ease of access over stationary ultrasound devices, which makes them a better choice for any healthcare provider.
The major factors driving the growth of the portable ultrasounds segment include advanced technology used in these devices, the rising prevalence of cancer and cardiovascular diseases that require point-of-care diagnosis, and rising awareness regarding the availability of portable ultrasounds. For instance, according to the data published by National Cancer Center Japan in June 2022, it was estimated that 1,019 thousand new cases of cancer were expected in Japan in 2022, out of which 158 thousand new cases of colon/rectum cancer, 132 thousand cases of stomach cancer, and 128 thousand cases of lung/trachea cancer were expected.
Moreover, the increased activity by crucial players in developing technologically advanced products is also expected to enhance segment growth. For instance, in November 2021, Canon Medical supported Japan's iLEAD (innovative Liver, Elasticity, Attenuation, and Dispersion) study. It is a multicenter study to evaluate quantitative ultrasound imaging tools against liver biopsy. It is available on the Aplio I series portable ultrasound system's Liver Package for assessing steatosis, fibrosis, and inflammation in the clinical environment. Hence, such studies are expected to increase the scope of usage of portable ultrasound systems, thus boosting market growth.
Thus, the factors mentioned above, such as the high prevalence of cancer and cardiovascular diseases in Japan and the increased activity by key players for developing technologically advanced products, are expected to increase the usage of the portable ultrasound system, thus boosting segment growth.
Cardiology Segment is Expected to Hold a Significant Share in the Market Over the Forecast Period
Cardiovascular diseases such as heart failure, cardiac murmur, ischemic heart disease, and acute pulmonary artery thromboembolism are often diagnosed by ultrasound devices. The increasing prevalence of such diseases in Japan and the rising geriatric population in the country is expected to boost the segment growth. For instance, according to an article published by the Journal of American Heart Association in November 2021, the Japanese population has a high risk of developing cardiovascular diseases in their lifetime. Thus, the high burden of cardiovascular diseases in the country is expected to boost the usage of ultrasound devices.
Moreover, the high geriatric population in the country is also expected to boost market growth as cardiovascular diseases are often associated with older people, which is expected to increase the usage of ultrasound devices. For instance, according to the 2022 White Paper on Ageing Society, published in 2022, Japan's population aged 65 and over stood at just over 36.21 million in 2022, accounting for 28.9% of the total population. This number is expected to peak at 39.35 million by 2024. Hence, with the high geriatric population in the country, the prevalence of cardiovascular diseases is also likely to increase, which is expected to increase the usage of ultrasound devices.
Thus, the factors mentioned above, such as the high prevalence of cardiovascular diseases in Japan and the rising geriatric population, are expected to boost segment growth. These factors are estimated to increase the usage of ultrasound devices in the country.
