Japan medical devices

Japan’s medical device / MedTech market is the world’s second largest with an estimated market size around US$ 25 billion (2017) and growing between 1% – 2% per year. About 50% of medical devices are imported into Japan from foreign manufacturers including Johnson & Johnson, Medtronic, Siemens and GE.

Japan’s digital device and service market for healthcare is estimated to be around US$ 1.5 billion by 2025, approx. 75% for prevention, health management and rehabilitation and about 25% for diagnosis and treatment.

Major Japanese medical device manufacturers include:

1. Olympus Medical Systems (revenues approx US$ 5 billion)
2. Hitachi Healthcare (revenues approx US$ 5 billion)
3. Teruo (revenues approx US$ 5 billion)
4. Canon (revenues approx US$ 4 billion)
5. Fujifilm (revenues approx US$ 4 billion)
6. Nipro (revenues approx US$ 3 billion)
7. Hoya, Pentax Medical (revenues approx US$ 3 billion)
8. Sysmex (revenues approx US$ 2 billion)
9. Nihon Koden (revenues approx US$ 1.5 billion)
10. Teijin (revenues approx US$ 1.3 billion)