Market Size of Japan General Surgical Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Japan General Surgical Devices Market Analysis
The Japan General Surgical Devices Market is expected to register a CAGR of 4.5% during the forecast period.
COVID-19 pandemic had a substantial impact on patients with any diseases, general surgical devices market was also affected. The volume of surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. As per an article published in PubMed titled 'The impact of COVID-19 on surgical procedures in Japan: analysis of data from the National Clinical Database' in November 2021, the rate of decline in surgery was at most 10-15% although the numbers of most oncological and cardiovascular procedures decreased in 2020.
Another article published in Science Direct titled 'Impact of COVID-19 pandemic on oral and maxillofacial surgery in Japan: A report from a questionnaire survey during the different phases of the pandemic' in June 2021 stated that ten hospitals had restricted their clinical activities for 1-2 months, which was the commonest duration of restrictions overall. In the first wave, the percentage of activities (patient volume) was less than 90% compared to 2019 but varied widely; however, more than half of the participating institutions (58%) recovered to more than 90% activity compared to 2019. Thus, the COVID-19 outbreak had a negetive impact on general surgical devices market. Also, the general surgical devices market is expected to grow due to the significant increase in the number of injuries and accidents.
Further, owing to the factors such as rising demand for minimally invasive devices and increasing geriatric population are among the major factors driving the growth of the studied market.
The growing burden of diseases chronic diseases along with the rising geriatric population in Japan is likely to lead to increased demand for medical devices. Japan has the world's fastest aging population. Accroding to a report published by European Parliamentary Research Service in December 2020 Japan is aging fast. Its'super-aged' society is the oldest in the world: 28.7 % of the population are 65 or older, with women forming the majority. The country is also home to a record 80,000 centenarians. By 2036, people aged 65 and over will represent a third of the population who are more prone to chronic diseases such as cardiovascul,ar diseases, neurological disorders, and other diseases which ultimately rises surgical procedures an drives market growth in the near future. Thus, owing to above-mentioned factors increase demand is expected for surgical devices during the forecast period.
Japan General Surgical Devices Industry Segmentation
As per scope of the report, surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The Japan General Surgical Devices Market is segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products), and Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, Other Applications). The report offers the value (in USD million) for the above segments.
By Product | |
Handheld Devices | |
Laproscopic Devices | |
Electro Surgical Devices | |
Wound Closure Devices | |
Trocars and Access Devices | |
Other Products |
By Application | |
Gynecology and Urology | |
Cardiology | |
Orthopaedic | |
Neurology | |
Other Applications |
Japan General Surgical Devices Market Size Summary
The Japan General Surgical Devices Market is poised for growth, driven by several key factors. The market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had a significant impact on surgical procedures due to restrictions on non-emergent surgeries. Despite these challenges, the market is expected to expand, fueled by the increasing demand for minimally invasive devices and the rising geriatric population. Japan's rapidly aging demographic, the oldest in the world, is contributing to a higher prevalence of chronic diseases, thereby increasing the demand for surgical procedures and, consequently, surgical devices. The development of advanced technologies, such as robotic hand-held surgical devices, is further enhancing surgical capabilities and driving market growth.
The market landscape is characterized by a fragmented structure with numerous players, including major companies like Medtronic PLC, B. Braun Melsungen AG, and Johnson & Johnson. Continuous product launches and approvals are expected to bolster the market, as seen with the introduction of innovative platforms like the CORI Surgical System and the VISERA ELITE III. The increasing number of knee and hip arthroplasties, along with the rise in outpatient and minimally invasive surgeries, is anticipated to further boost the demand for handheld surgical devices. As the market evolves, these factors collectively contribute to a positive growth trajectory for the Japan General Surgical Devices Market over the forecast period.
Japan General Surgical Devices 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 Rising Demand for Minimally Invasive Devices
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1.2.2 Growing Cases of Injuries and Accidents
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1.3 Market Restraints
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1.3.1 Stringent Government Regulations
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1.3.2 Improper Reimbursement for Surgical Devices
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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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
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2.1 By Product
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2.1.1 Handheld Devices
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2.1.2 Laproscopic Devices
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2.1.3 Electro Surgical Devices
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2.1.4 Wound Closure Devices
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2.1.5 Trocars and Access Devices
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2.1.6 Other Products
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2.2 By Application
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2.2.1 Gynecology and Urology
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2.2.2 Cardiology
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2.2.3 Orthopaedic
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2.2.4 Neurology
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2.2.5 Other Applications
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Japan General Surgical Devices Market Size FAQs
What is the current Japan General Surgical Devices Market size?
The Japan General Surgical Devices Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Japan General Surgical Devices Market?
Medtronic PLC, B. Braun Melsungen AG, Conmed Corporation, Boston Scientific Corporation and Johnson & Johnson are the major companies operating in the Japan General Surgical Devices Market.