Medical devices / MedTech and Software as Medical Device (SaMD)Medical devices

Medical devices / MedTech and Software as Medical Device (SaMD)

Japan’s medical device / MedTech market is the world’s second largest with an estimated market size around US$ 25 billion (2017) and growing between 1% – 2% per year. About 50% of medical devices are imported into Japan from foreign manufacturers including Johnson & Johnson, Medtronic, Siemens and GE.

Japan’s digital device and service market for healthcare is estimated to be around US$ 1.5 billion by 2025, approx. 75% for prevention, health management and rehabilitation and about 25% for diagnosis and treatment.

Major Japanese medical device manufacturers include:

  1. Olympus Medical Systems (revenues approx US$ 5 billion)
  2. Hitachi Healthcare (revenues approx US$ 5 billion)
  3. Teruo (revenues approx US$ 5 billion)
  4. Canon (revenues approx US$ 4 billion)
  5. Fujifilm (revenues approx US$ 4 billion)
  6. Nipro (revenues approx US$ 3 billion)
  7. Hoya, Pentax Medical (revenues approx US$ 3 billion)
  8. Sysmex (revenues approx US$ 2 billion)
  9. Nihon Koden (revenues approx US$ 1.5 billion)
  10. Teijin (revenues approx US$ 1.3 billion)