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Japan Diagnostic Imaging Equipment Market Size (2024 - 2029)

The Japan diagnostic imaging equipment market is projected to experience growth driven by factors such as the increasing prevalence of chronic diseases, technological advancements, and a rising geriatric population. The COVID-19 pandemic has further emphasized the importance of diagnostic imaging in healthcare, contributing to market expansion. However, challenges such as the high cost of equipment and procedures, along with concerns about radiation side effects, may hinder the market's growth trajectory.

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Market Size of Japan Diagnostic Imaging Equipment Industry

Japan Diagnostic Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 3.54 Billion
Market Size (2029) USD 4.49 Billion
CAGR (2024 - 2029) 4.83 %

Major Players

Japan Diagnostic Imaging Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Japan Diagnostic Imaging Equipment Market Analysis

The Japan Diagnostic Imaging Equipment Market size is estimated at USD 3.54 billion in 2024, and is expected to reach USD 4.49 billion by 2029, growing at a CAGR of 4.83% during the forecast period (2024-2029).

The COVID-19 outbreak significantly impacted Japan's healthcare industry as the country lacked beds to accommodate COVID-19 patients. For instance, in May 2021, a research study published by National Center for Biotechnology Infomation (NCBI) stated that diagnostic imaging methods are assuming a greater role in the workup of patients with COVID-19, mainly concerning the primary manifestation of pulmonary disease and the tissue distribution of the angiotensin-converting enzyme 2 (ACE 2) receptor. The COVID-19 pandemic provided opportunities to expand its capabilities into different geographies and diversify its business. For instance, the article published in July 2021 by the National Center for Biotechnology Infomation (NCBI), stated that Japan's first report on SARS-CoV-2-associated meningitis/encephalitis, stated high signal intensity in the mesial temporal lobe and a brain MRI showed hyperintensity along the wall of right lateral ventricle and hyperintense signal changes in the right mesial temporal lobe and hippocampus, suggesting the possibility of SARS-CoV-2 meningitis.

Further, the rising burden of chronic diseases, technological advancements in imaging equi,pmentthe and the increasing geriatric population in Japan are among the major factors driving the growth of the studied market. For instance, in 2021, as per the Statistics Bureau of Japan, the total population of Japan was around 125.50 million among which the aged population (65 years old and over) was 36.21 million, which constituted around 28.9 percent of the total population which is 1 in every 4 persons.

In addition, according to the International Diabetes Federation (IDF), in 2021, there were around 11 million cases of diabetes in Japan, which increased by 8% as compared to the past years. The rising cases of diabetes are elevating the need for more diagnosers to t patients who have diabetes through the use of various diagnostic imaging equipment, hence this is elevating the market although thought the market is anticipated to witness growth over the analysis of the period, the high cost of equipment and procedures and concerns among the population regarding the side effects of radiation is likely to impede the market growth.

Japan Diagnostic Imaging Equipment Industry Segmentation

As per the scope of the report, diagnostic imaging equipment is used to take images of the internal structure of the human body through electromagnetic radiation for an accurate diagnosis of the patient. There are various modalities in medical imaging, the most common ones being CT scans and MRI systems. These equipment have a vast range of applications in various oncological, orthopedic, gastro-, and gynecological fields.

The Japan diagnostic imaging equipment market is segmented by product type (X-ray, MRI, Ultrasound, Computed Tomography, Nuclear Imaging, and Other Product Types), application (Cardiology, Oncology, Neurology, Orthopedics, and Other Applications), and end-user (Hospitals, Diagnostic Centers, and Other End Users). The report offers the value (in USD millions) for the above-mentioned segments.

By Product Type
X-ray
MRI
Ultrasound
Computed Tomography
Nuclear Imaging
Other Product Types
By Application
Cardiology
Oncology
Neurology
Orthopedics
Other Applications
By End-User
Hospitals
Diagnostic Centers
Other End-Users
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Japan Diagnostic Imaging Equipment Market Size Summary

The Japan diagnostic imaging equipment market is poised for significant growth, driven by several key factors. The increasing prevalence of chronic diseases, technological advancements in imaging equipment, and a growing geriatric population are major contributors to this expansion. The COVID-19 pandemic highlighted the critical role of diagnostic imaging in healthcare, particularly in understanding and managing the disease's impact on various organs. This has led to a broader acceptance and integration of advanced imaging technologies in medical practice. The demand for diagnostic imaging is further fueled by the rising incidence of diabetes and cancer, necessitating early diagnosis and effective treatment monitoring. Oncology, in particular, is a significant segment due to the high morbidity and mortality rates associated with cancer, prompting a need for advanced imaging solutions to detect and evaluate tumors.

The market landscape is characterized by a consolidated structure with a few dominant players, both international and regional, such as Canon Medical Systems Corporation, Fujifilm Holdings, and Siemens Healthcare. These companies are actively engaged in product launches and technological innovations to enhance their market presence. The nuclear imaging segment, in particular, is expected to maintain a substantial market share, driven by its applications in diagnosing a wide range of medical conditions and the increasing burden of chronic diseases. The introduction of advanced imaging systems, such as Shimadzu Corporation's BresTome TOF-PET, underscores the ongoing technological progress in the sector. Despite the promising growth prospects, challenges such as high equipment costs and radiation concerns may impede market expansion. Nonetheless, strategic acquisitions and partnerships, like Canon Medical's acquisition of Nordisk R√∏ntgen Teknik, are likely to bolster the market's growth trajectory.

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Japan Diagnostic Imaging Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Burden of Chronic Diseases

      2. 1.2.2 Technological Advancements in Imaging Equipment

      3. 1.2.3 Increasing Geriatric Population in Japan

    3. 1.3 Market Restraints

      1. 1.3.1 High Costs Associated with Devices and Procedures

      2. 1.3.2 Concerns Regarding the Side Effects of Emitting Radiations

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Product Type

      1. 2.1.1 X-ray

      2. 2.1.2 MRI

      3. 2.1.3 Ultrasound

      4. 2.1.4 Computed Tomography

      5. 2.1.5 Nuclear Imaging

      6. 2.1.6 Other Product Types

    2. 2.2 By Application

      1. 2.2.1 Cardiology

      2. 2.2.2 Oncology

      3. 2.2.3 Neurology

      4. 2.2.4 Orthopedics

      5. 2.2.5 Other Applications

    3. 2.3 By End-User

      1. 2.3.1 Hospitals

      2. 2.3.2 Diagnostic Centers

      3. 2.3.3 Other End-Users

Japan Diagnostic Imaging Equipment Market Size FAQs

The Japan Diagnostic Imaging Equipment Market size is expected to reach USD 3.54 billion in 2024 and grow at a CAGR of 4.83% to reach USD 4.49 billion by 2029.

In 2024, the Japan Diagnostic Imaging Equipment Market size is expected to reach USD 3.54 billion.

Japan Diagnostic Imaging Equipment Market Report Snapshots

Japan Diagnostic Imaging Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)