Market Size of Japan Computed Tomography Industry
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.37 Billion |
Market Size (2029) | USD 0.5 Billion |
CAGR (2024 - 2029) | 5.87 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Computed Tomography Market Analysis
The Japan Computed Tomography Market size is estimated at USD 0.37 billion in 2024, and is expected to reach USD 0.5 billion by 2029, growing at a CAGR of 5.87% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant impact on the market studied. The healthcare system witnessed enormous challenges due to the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission, as most chronic therapies were regarded as non-urgent. However, with the advent of the COVID-19 infection, lung imaging became a major part of COVID-19 diagnostics as it helped diagnose the severity of the disease in the affected population. According to the study published in the Keio Journal of Medicine in May 2022, CT showed 68% sensitivity and 57% specificity. Patients with false-positive (FP) CT results have typically been found to have illnesses that mimic COVID-19, such as interstitial lung disease. Decision curve analysis showed that CT imaging had limited clinical relevance. Thus, the CT scan used declined for the COVID-19 diagnosis. However, the market has recovered well owing to the resumption of diagnostic procedures and manufacturing activities, and it is expected to witness a similar trend over the coming years.
Major factors driving the growth of Japan's computed tomography market include the increasing burden of chronic diseases such as cancer, cardiovascular disease, orthopedic diseases, and diabetes, among others. For instance, according to the study published in the Journal of Alzheimer's Diseases in March 2021 in Japan, it was predicted that there will be between 6.5 million and 7 million and 8.5 million and 11.5 million people with dementia in 2025 and 2060, respectively. Likewise, in Japan, 50-75% of dementia cases are caused by Alzheimer's disease (ADD). In addition, according to the World Alzheimer Report 2022, about 43% of those with mild dementia, 67% of those with moderate dementia, and 90% of those with severe dementia were institutionalized in the country. Thus, a significant burden of neurological diseases is expected to boost demand for diagnostic imaging such as computed tomography, thereby boosting the market's growth.
The major players are undertaking various strategic initiatives. These include mergers, acquisitions, collaborations, partnerships, and product launches. For instance, in August 2021, Canon Medical Systems Corporation initiated a collaborative research effort with the National Cancer Centre Japan, the Exploratory Oncology Research & Clinical Trial Centre, and EAST Hospital to develop a next-generation diagnostic imaging system using photon-counting computed tomography (PCCT).
Thus, all the factors above, such as the growing burden of chronic diseases and strategic activities by the market players, are expected to boost market growth over the forecast period. However, the high cost associated with the CT scan procedures and equipment may restrain market growth over the forecast period.
Japan Computed Tomography Industry Segmentation
As per the report's scope, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images or scans of areas inside the body. Japan Computed Tomography (CT) Market is Segmented by Type (Low Slice, Medium Slice, and High Slice), Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Other Applications), End User (Hospitals, Diagnostic Centers, and Other End-Users). The report offers the value (in USD) for the above segments.
By Type | |
Low Slice | |
Medium Slice | |
High Slice |
By Application | |
Oncology | |
Neurology | |
Cardiovascular | |
Musculoskeletal | |
Other Applications |
By End-User | |
Hospitals | |
Diagnostic Centers | |
Other End-Users |
Japan Computed Tomography Market Size Summary
The Japan computed tomography market is poised for growth, driven by the increasing prevalence of chronic diseases such as cancer, cardiovascular conditions, and neurological disorders. The market experienced a significant impact due to the COVID-19 pandemic, which initially led to a decline in CT scan usage for diagnostics. However, the resumption of diagnostic procedures and manufacturing activities has facilitated a recovery, with expectations of continued growth. The demand for diagnostic imaging, particularly CT scans, is bolstered by the rising burden of diseases like Alzheimer's and cancer, necessitating early diagnosis and treatment evaluation. Strategic initiatives by major players, including collaborations and technological advancements, are further propelling market expansion.
The market landscape is characterized by the presence of key players such as Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers, who dominate the industry with their technologically advanced products. These companies are actively engaging in strategic activities like mergers, acquisitions, and product launches to enhance their market share. The significant healthcare investment in Japan, coupled with initiatives to raise awareness about chronic diseases, is expected to drive the demand for CT imaging services. Additionally, advancements in diagnostic imaging technologies, such as photon-counting CT systems, are set to enhance the capabilities and applications of CT scans, supporting the market's growth trajectory over the forecast period.
Japan Computed Tomography Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Geriatric Population and Chronic Disease Burden
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1.2.2 Technological Advancements in Computed Tomography
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1.3 Market Restraints
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1.3.1 High Cost Associated With CT Scan Procedure and Equipment
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Type
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2.1.1 Low Slice
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2.1.2 Medium Slice
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2.1.3 High Slice
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2.2 By Application
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2.2.1 Oncology
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2.2.2 Neurology
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2.2.3 Cardiovascular
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2.2.4 Musculoskeletal
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2.2.5 Other Applications
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Diagnostic Centers
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2.3.3 Other End-Users
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Japan Computed Tomography Market Size FAQs
How big is the Japan Computed Tomography Market?
The Japan Computed Tomography Market size is expected to reach USD 0.37 billion in 2024 and grow at a CAGR of 5.87% to reach USD 0.5 billion by 2029.
What is the current Japan Computed Tomography Market size?
In 2024, the Japan Computed Tomography Market size is expected to reach USD 0.37 billion.