Japan Patient Care Monitoring Equipment Market Size (2024 - 2029)

The Japan Patient Monitoring Equipment Market is experiencing growth driven by increased demand for wearable and remote monitoring devices, particularly due to the COVID-19 pandemic, which highlighted the need for contactless health tracking. The market's expansion is further supported by the rising prevalence of chronic diseases, such as neurological conditions, and the growing geriatric population, both of which necessitate regular health monitoring. Additionally, advancements in technology and the development of innovative monitoring devices are contributing to market growth. However, challenges such as resistance from healthcare professionals and the high cost of technology may hinder the market's expansion.

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Market Size of Japan Patient Care Monitoring Equipment Industry

Japan Patient Care Monitoring Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 2.06 Billion
Market Size (2029) USD 2.93 Billion
CAGR (2024 - 2029) 7.26 %

Major Players

Japan Patient Care Monitoring Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Japan Patient Care Monitoring Equipment Market Analysis

The Japan Patient Care Monitoring Equipment Market size is estimated at USD 2.06 billion in 2024, and is expected to reach USD 2.93 billion by 2029, growing at a CAGR of 7.26% during the forecast period (2024-2029).

  • The COVID-19 pandemic positively impacted market growth. The demand for wearable devices and patient monitoring devices has increased during the pandemic period as they allow contactless communication and tracking of medical conditions by clinicians. For instance, according to an article published by Mainichi Japan's National Daily in September 2021, it was observed that the demand for pulse oximetry increased in Japan due to the COVID-19 pandemic. The spread and early diagnosis of COVID-19 were determined through the remote monitoring of vital signs such as skin and body temperature, respiratory rate, pulse rate, heart rate, and blood oxygen level, which are related to COVID-19. Also, as per another article published in Nature Public Health Emergency Collection in February 2023, hypertensive patients were given a home blood pressure (BP) monitoring device that was connected to a web server, and local medical facilities were notified if their hypertensive patients had a consistent increase in BP levels in Japan. As per the World Health Organization (WHO) March 2023 update, 33.4 million confirmed cases of COVID-19 were reported in Japan. Thus, the increasing number of COVID-19 cases among the population is expected to increase the need to monitor oxygen levels, which is expected to increase the demand for patient monitoring devices such as oximetry and BP monitoring, which in turn fueled the market growth during the pandemic.
  • Certain factors that are propelling the growth of the market are the rising burden of chronic diseases, such as neurological diseases, and the growing preference for home and remote monitoring devices. For instance, an article published in Clinical Parkonism & Related Disorder Journal in May 2022 stated that the prevalence rate of Parkinson's disease in the surveyed Japanese population was 279.7 per 100,000 individuals. Thus, the high burden of neurological diseases among Japanese people is expected to boost the need for regular monitoring to prevent health risks, which is expected to increase the demand for patient care monitoring devices, thereby accelerating the market growth.
  • In addition, the rising geriatric population is also contributing to the growth of the studied market. For instance, according to the 2022 statistics published by the United Nations Population Fund, in Japan, a large proportion of the living population is aged 15-64 and accounts for 59% in 2022. In addition, as per the same source, 29% of the population is aged 65 years and above in 2022. Thus, the rising geriatric populations are more prone to develop chronic diseases that require proper monitoring and diagnosis, which is expected to increase the adoption of monitoring devices to regularly monitor their condition and status, thereby propelling the growth of the studied market.
  • Furthermore, the rising company activities in developing advanced patient monitoring devices are also contributing to the market growth. For instance, in May 2021, Xenoma Inc., a Tokyo-based start-up spun off from the University of Tokyo, launched the e-skin Sleep T-shirt that is worn to bed to provide sleep diagnosis. The shirt comes with a small electronic device that is affixed to the pocket. The device can measure heartbeat, body movements, and temperature on the shirt's interior. The innovative technology is intended to assist patients with abnormal heart rhythms by more clearly documenting unexplained syncope.
  • However, factors such as the resistance from healthcare professionals towards the adoption of patient monitoring systems and the high cost of technology are likely to restrain the market growth over the forecast period.

Japan Patient Care Monitoring Equipment Industry Segmentation

As per the scope of this report, patient monitoring systems are collections of machines or equipment used for continuously monitoring patients' vital signs and warning systems to identify and document changes in their wellness. They collect and track patient health data using digital technology and transfer it electronically to healthcare professionals to aid in assessing, diagnosing, and ultimately treating health conditions.

The Japan patient care monitoring equipment market is segmented by type of device (hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, remote patient monitoring devices, and other types of devices), application (cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and other applications), and end-user (home healthcare, hospitals and clinics, and other end-users).

The report offers the value (in USD) for the above segments.

By Type of Device
Hemodynamic Monitoring Devices
Neuromonitoring Devices
Cardiac Monitoring Devices
Multi-parameter Monitors
Respiratory Monitoring Devices
Remote Patient Monitoring Devices
Other Types of Devices
By Application
Cardiology
Neurology
Respiratory
Fetal and Neonatal
Weight Management and Fitness Monitoring
Other Applications
By End-Users
Home Healthcare
Hospitals and Clinics
Other End-Users
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Japan Patient Care Monitoring Equipment Market Size Summary

The Japan patient monitoring equipment market is poised for significant growth, driven by the increasing demand for advanced monitoring solutions. The market's expansion is largely attributed to the rising prevalence of chronic diseases, such as cardiovascular and neurological conditions, which necessitate regular monitoring and management. The COVID-19 pandemic further accelerated this trend, as the need for contactless monitoring solutions became paramount. The adoption of wearable and remote monitoring devices has surged, enabling healthcare providers to track vital signs and manage patient conditions effectively from a distance. This shift towards remote patient monitoring is supported by the growing geriatric population in Japan, which is more susceptible to chronic illnesses requiring continuous oversight.

In addition to the demand for monitoring devices, the market is witnessing a surge in innovative product launches and technological advancements. Companies are actively developing and introducing new solutions, such as continuous glucose monitoring systems and telemonitoring platforms, to enhance patient care and streamline health management processes. Government initiatives and expanded reimbursement coverage for diabetes management devices further bolster market growth. However, challenges such as resistance from healthcare professionals and the high cost of technology may impede market expansion. Despite these hurdles, the market remains fragmented, with key players like Abbott Laboratories, Boston Scientific Corporation, and Nihon Kohden Corporation leading the charge in providing cutting-edge patient monitoring solutions.

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Japan Patient Care Monitoring 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 due to Lifestyle Changes

      2. 1.2.2 Growing Preference for Home and Remote Monitoring

    3. 1.3 Market Restraints

      1. 1.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems

      2. 1.3.2 High Cost of Technology

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

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

    1. 2.1 By Type of Device

      1. 2.1.1 Hemodynamic Monitoring Devices

      2. 2.1.2 Neuromonitoring Devices

      3. 2.1.3 Cardiac Monitoring Devices

      4. 2.1.4 Multi-parameter Monitors

      5. 2.1.5 Respiratory Monitoring Devices

      6. 2.1.6 Remote Patient Monitoring Devices

      7. 2.1.7 Other Types of Devices

    2. 2.2 By Application

      1. 2.2.1 Cardiology

      2. 2.2.2 Neurology

      3. 2.2.3 Respiratory

      4. 2.2.4 Fetal and Neonatal

      5. 2.2.5 Weight Management and Fitness Monitoring

      6. 2.2.6 Other Applications

    3. 2.3 By End-Users

      1. 2.3.1 Home Healthcare

      2. 2.3.2 Hospitals and Clinics

      3. 2.3.3 Other End-Users

Japan Patient Care Monitoring Equipment Market Size FAQs

The Japan Patient Care Monitoring Equipment Market size is expected to reach USD 2.06 billion in 2024 and grow at a CAGR of 7.26% to reach USD 2.93 billion by 2029.

In 2024, the Japan Patient Care Monitoring Equipment Market size is expected to reach USD 2.06 billion.

Patient Monitoring Equipment Market in Japan Report Snapshots

Japan Patient Monitoring Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)