Japan Diagnostic Imaging Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product Type (X-Ray Imaging, Digital, Analog, and MRI), and By Application (Oncology, Cardiology, and Orthopaedics), and Japan Diagnostic Imaging Equipment Market Insights, Industry Trend, Forecasts to 2033.

Japan Diagnostic Imaging Equipment Market Insights Forecasts to 2033

• The Japan Diagnostic Imaging Equipment Market Size was valued at USD 1.98 Billion in 2023
• The Market Size is Growing at a CAGR of 6.76% from 2023 to 2033
• The Japan Diagnostic Imaging Equipment Market Size is Expected to Reach USD 3.81 Billion by 2033

The Japan Diagnostic Imaging Equipment Market Size is Anticipated to Reach USD 3.81 Billion by 2033, growing at a CAGR of 6.76% from 2023 to 2033.

Market Overview

A variety of medical devices used for non-invasive viewing of the internal structures and functioning of the body are included in the Japan diagnostic imaging equipment market. Nuclear imaging systems, computed tomography (CT) scanners, MRI machines, ultrasound systems, and X-ray systems are among the devices in this sector. These tools are essential for identifying, tracking, and treating a wide range of illnesses, such as age-related disorders and chronic diseases. In Japan, the use of image guiding in minimally invasive operations and treatments is becoming more popular. For accurate visualization and guidance during these treatments, diagnostic imaging equipment such as CT scanners, MRI machines, and ultrasound systems, is crucial, driving the market. Additionally, the Japanese population's understanding of the significance of early diagnosis and the necessity of prompt diagnosis and treatment of oral problems is increasing. Consequently, more individuals in Japan are visiting doctors, which increases the number of ailments that need diagnostic imaging tools. The use of portable and handheld imaging equipment at the patient's bedside or in remote areas, known as point-of-care imaging, is also gaining traction in Japan, further fueling the demand for advanced diagnostic imaging equipment.

Report Coverage

This research report categorizes the market for the Japan diagnostic imaging equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan diagnostic imaging equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan diagnostic imaging equipment market.

Driving Factors

The demand for diagnostic imaging equipment in Japan is being driven by the increasing prevalence of chronic diseases, including neurological disorders, cardiovascular diseases, and cancer. In Japan, the aging population and the high incidence of these chronic illnesses have underscored the necessity for advanced diagnostic tools. These tools are essential for the early diagnosis, monitoring, and detection of various illnesses, thereby improving patient outcomes and enhancing the efficiency of healthcare services. Furthermore, the growing number of elderly people in Japan, the growing burden of chronic illnesses, and technological developments in imaging equipment are some of the main factors propelling the Japan diagnostic imaging equipment market. For example, according to the Statistics Bureau of Japan, there were around 125.50 million people living in Japan in 2021, of which 36.21 million were 65 years of age or older. This represents approximately 28.9 percent of the entire population, or one in four people.  Furthermore, the International Diabetes Federation (IDF) reports that there were around 11 million cases of diabetes in Japan in 2021, an 8% rise over previous years. Though the market is expected to grow over the course of the analysis, the high cost of procedures and equipment, as well as public concerns about radiation side effects, are likely to impede the market's growth. This is because the increasing number of diabetes cases is increasing the need for more diagnostic imaging equipment to diagnose patients with diabetes.

Restraining Factors

The Japanese diagnostic imaging equipment market is subject to a number of restraints, notwithstanding its development potential. For firms looking to enter the market, Japan's strict regulatory structure, which is intended to guarantee product safety and efficacy, can present difficulties.

Market Segmentation

The Japan diagnostic imaging equipment market share is classified into product type and application.

• The MRI segment is expected to hold a significant market share through the forecast period.

The Japan diagnostic imaging equipment market is segmented by product type into X-Ray imaging, digital, analog, and MRI. Among these, the MRI segment is expected to hold a significant market share through the forecast period. Superior imaging capabilities provided by MRI machines allow for precise images of soft tissues, which are essential for the diagnosis of a variety of illnesses, including musculoskeletal and neurological diseases.

• The oncology segment is expected to hold a significant market share through the forecast period.

The Japan diagnostic imaging equipment market is segmented by application into oncology, cardiology, and orthopaedics. Among these, the oncology segment is expected to hold a significant market share through the forecast period. The high incidence of cancer in Japan fuels the need for cutting-edge diagnostic imaging tools to identify and track the illness.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan diagnostic imaging equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Shin-Etsu Chemical Co., Ltd.
• Kaneka Corporation
• Mitsui Chemicals, Inc.
• Sekisui Chemical Co., Ltd.
• Asahi Kasei Corporation
• Sumitomo Chemical Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Diagnostic imaging equipment Market based on the below-mentioned segments:

Japan Diagnostic Imaging Equi.pment Market, By Product Type

• Conductive Coatings & Paints
• Conductive Polymers
• Metal Shielding Product

Japan Diagnostic Imaging Equipment Market, By Application

• Oncology
• Cardiology
• Orthopaedics