Market Size of Japan Ultrasound Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 474.18 Million |
Market Size (2029) | USD 637.54 Million |
CAGR (2024 - 2029) | 6.08 % |
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 Ultrasound Devices Market Analysis
The Japan Ultrasound Devices Market size is estimated at USD 474.18 million in 2024, and is expected to reach USD 637.54 million by 2029, growing at a CAGR of 6.08% during the forecast period (2024-2029).
The COVID-19 pandemic significantly impacted the ultrasound devices market in Japan, as the diagnostic procedures, including ultrasound procedures for various cardiovascular and gynecological procedures, were greatly affected during the pandemic. Also, fewer elective surgeries occurred during the pandemic, which required ultrasound as an initial diagnostic tool. For instance, according to an article published by PubMed Central in November 2021, the initial COVID-19 pandemic restricted the delivery of standard medical care to surgical patients in Japan. Thus, the pandemic had a significant effect on the market initially. However, the demand for ultrasound devices is expected to remain consistent during the post-pandemic period, thereby boosting the market's growth over the forecast period.
Ultrasound devices are widely used to diagnose cardiovascular diseases, gynecological diseases, musculoskeletal diseases, and cancer, among others; thus, with Japan's rising chronic disease burden, the demand for ultrasound devices is expected to grow over the forecast period. For instance, according to an article published by THE LANCET Regional Health in November 2022, a study was conducted in Japan in 2022, which showed that the country has a high burden of cardiovascular diseases such as stroke, among others.
Moreover, according to an article published by SpringerLink in January 2023, a study was conducted in Japan, which showed that the weighted prevalence of cardiovascular diseases and atherosclerosis in the study population was 37.3% and 33.5%, respectively. The source also stated that carotid artery disease, coronary heart disease, and cerebrovascular diseases were among the most common subtypes of cardiovascular diseases.
Moreover, according to an article published by BMC Musculoskeletal Disorders in August 2022, a study was conducted in Japan which showed that the pooled prevalence of chronic musculoskeletal pain was 39.0% in Japan, among which the majority in men was 36.3% and women 41.8%, and the prevalence increased with age. Thus, the high prevalence of such chronic diseases, along with the rising geriatric population in Japan, is expected to enhance the usage of an ultrasound devices for diagnosis, thus driving the market growth.
Additionally, the rising developments by key players and various organizations, such as agreements, partnerships, product launches, and acquisitions, are also expected to enhance the market growth, as they are expected to increase access to technologically advanced products in Japan. For instance, in January 2021, Olympus Corporation and Hitachi, Ltd. signed a five-year contract in Tokyo to develop endoscopic ultrasound systems (EUS) jointly. Hitachi would also continue to supply diagnostic ultrasound systems and related parts used in EUS to Olympus under this contract.
Thus, the factors mentioned above, such as the high prevalence of chronic diseases in Japan and the rising developments, are expected to boost market growth. However, stringent regulations are expected to impede the growth of the market.
Japan Ultrasound Devices Industry Segmentation
As per the scope of the report, ultrasonography is an imaging method that creates images of various body structures using high-frequency sound waves. They are used to evaluate a variety of disorders relating to the liver, kidneys, and other abdominal conditions, including usage in pregnancy. As a result, these devices have a variety of uses in the medical area, including diagnostic imaging and therapeutic modality.
Japan ultrasound device market is segmented by application, technology, and type. Based on application the market is segmented as anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications). Based on technology the market is segmented into 2D ultrasound imaging, 3D and 4D ultrasound imaging, doppler imaging, and high-intensity focused ultrasound. Based on type the market is segmented as stationary ultrasound and portable ultrasound. The report offers the value (in USD) for the above segments.
By Application | |
Anesthesiology | |
Cardiology | |
Gynecology/Obstetrics | |
Musculoskeletal | |
Radiology | |
Critical Care | |
Other Applications |
By Technology | |
2D Ultrasound Imaging | |
3D and 4D Ultrasound Imaging | |
Doppler Imaging | |
High-intensity Focused Ultrasound |
By Type | |
Stationary Ultrasound | |
Portable Ultrasound |
Japan Ultrasound Devices Market Size Summary
The Japan ultrasound devices market is poised for significant growth over the forecast period, driven by the increasing prevalence of chronic diseases and advancements in medical technology. The market experienced initial setbacks due to the COVID-19 pandemic, which disrupted standard medical care and reduced elective surgeries requiring ultrasound diagnostics. However, the demand for ultrasound devices is expected to stabilize and grow, supported by the rising burden of cardiovascular, gynecological, and musculoskeletal diseases in Japan. The aging population further amplifies this demand, as older individuals are more susceptible to these conditions. Key industry players are actively engaging in partnerships and product innovations, such as Olympus Corporation's collaboration with Hitachi, Ltd. to develop endoscopic ultrasound systems, which are anticipated to enhance market access to advanced technologies.
The portable ultrasound segment is also expected to see robust growth, attributed to its mobility, affordability, and the increasing need for point-of-care diagnostics in cancer and cardiovascular disease management. The development of technologically advanced portable systems, like Canon Medical's support for the iLEAD study, underscores the industry's commitment to expanding the application of ultrasound technology. The high prevalence of cardiovascular diseases, coupled with a significant geriatric population, is likely to drive the usage of ultrasound devices further. The competitive landscape features major players such as Canon Medical Systems Corporation, Siemens Healthineers AG, and GE Healthcare, who are continuously innovating to meet the evolving healthcare needs in Japan.
Japan Ultrasound Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Burden of Chronic Diseases
-
1.2.2 Technological Advancements in Ultrasound Devices
-
-
1.3 Market Restraints
-
1.3.1 Stringent Regulations
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD)
-
2.1 By Application
-
2.1.1 Anesthesiology
-
2.1.2 Cardiology
-
2.1.3 Gynecology/Obstetrics
-
2.1.4 Musculoskeletal
-
2.1.5 Radiology
-
2.1.6 Critical Care
-
2.1.7 Other Applications
-
-
2.2 By Technology
-
2.2.1 2D Ultrasound Imaging
-
2.2.2 3D and 4D Ultrasound Imaging
-
2.2.3 Doppler Imaging
-
2.2.4 High-intensity Focused Ultrasound
-
-
2.3 By Type
-
2.3.1 Stationary Ultrasound
-
2.3.2 Portable Ultrasound
-
-
Japan Ultrasound Devices Market Size FAQs
How big is the Japan Ultrasound Devices Market?
The Japan Ultrasound Devices Market size is expected to reach USD 474.18 million in 2024 and grow at a CAGR of 6.08% to reach USD 637.54 million by 2029.
What is the current Japan Ultrasound Devices Market size?
In 2024, the Japan Ultrasound Devices Market size is expected to reach USD 474.18 million.