Albany, NY -- (SBWIRE) -- 04/04/2016 -- Medical devices include a broad range of medical instruments used for patient monitoring, and the diagnosis and treatment of diseases or abnormal physical conditions, including cardiac, orthopedic, respiratory, and ophthalmic diseases. They range from simple medical devices to complex programmable devices such as pacemakers and laser surgical devices. They are classified based on their characteristics, complexity, and potential harm.

The medical devices market in Japan to grow at a CAGR of 2.49% over the period 2014-2019. The medical devices market in Japan is the second largest market after the medical devices market in the US. The healthcare sector in Japan is more focused toward the elderly population because the country has the highest number of geriatric population in the world. The policy to reduce the length of hospital stay and shift the treatment to home care centers is one of the major agendas of Japanese healthcare reform.

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The healthcare authorities in Japan provide less co-pay for the treatment of patients aged 75 years and above. Further, the government in Japan has taken initiatives to reduce device lag and accelerate the approval process, which provides an opportunity to foreign vendors to tap the market in Japan. The strong IP protection by the government in Japan for innovative products has created an opportunity for the launch of novel products in the country.

This report covers the present scenario and the growth prospects of the medical devices market in Japan for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of medical devices for various applications. Based on devices, the market can be segmented into 10: cardiovascular devices, diagnostic imaging systems, orthopedic implants, patient monitoring devices, respiratory devices, home care products, dental materials and equipment, wound care products, ophthalmic equipment and supplies, and others (therapeutic and surgical equipment, and operating equipment and supplies).

Technavio's report, Medical Devices Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the vendor landscape and a corresponding detailed analysis of the top 10 vendors in the market.

Key Regions
- Americas
- APAC
- EMEA

Key Vendors
- International Vendors
- Baxter International
- GE Healthcare
- Johnson & Johnson
- Medtronic
- Siemens Healthcare
- Domestic Vendors
- Hitachi Medico
- Nipro
- Olympus Medical Systems
- Terumo
- Toshiba Medical Systems

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Key Questions Answered in this Report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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