Japan Telemedicine Market Insights Forecasts to 2033

• The Japan Telemedicine Market Size was valued at USD 4,408.02 Million in 2023
• The Market Size is Growing at a CAGR of 18.08% from 2023 to 2033
• The Japan Telemedicine Market Size is Expected to Reach USD 23,218.12 Million by 2033

The Japan Telemedicine Market Size is Anticipated to Reach USD 23,218.12 Million by 2033, growing at a CAGR of 18.08% from 2023 to 2033.

Market Overview

Telemedicine, refers to the distant offering of healthcare amenities and medical advice using telecommunications technologies. It includes a wide range of services, equipment, and technology that let medical professionals diagnose, treat, monitor, and care for patients without having to see them in person. In order to facilitate medical consultations and the sharing of medical information, telemedicine includes a variety of communication methods, including secure messaging, video chats, phone conversations, and data sharing. Additionally, the Japanese government's program is anticipated to propel the country's telemedicine market's expansion by encouraging innovation and bolstering innovative medical treatments. For instance, in June 2023, the Ministry of Health, Labor and Welfare (MHLW) established a project team to examine programs designed to support emerging enterprises in the healthcare industry.

Report Coverage

This research report categorizes the market for the Japan telemedicine 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 telemedicine 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 telemedicine market.

Driving Factors

Telemedicine is becoming more and more popular in Japan due to the ease and affordability of getting medical care from the comfort of one's home or place of employment, as well as the fact that it eliminates the need for travel and waiting periods. In Japan, the percentage of people using telemedicine rose from 2.0% in April 2020 to 4.7% in September 2020. The growing demand for easily accessible and convenient healthcare solutions, particularly for people living in rural or underserved areas, was the main driver of this rise in Japan. It is estimated that 30% of the population in Japan is 65 years of age or older. Additionally, Japan's growing elderly population is one of the main causes of the market's expansion there. Telemedicine is frequently utilized in Japan to assess vital signs, medication adherence, and symptom development in order to remotely monitor illnesses like diabetes, hypertension, heart disease, and arthritis. A declining labor force, growing regional healthcare inequities, and rising social security expenses are only a few of the major socioeconomic issues brought on by Japan's historic population aging. The market for telemedicine is expanding as a result of this demographic transition since older people have a greater need for easily available healthcare services.

Restraining Factors

Telemedicine presents a number of difficulties, such as licensing issues, legal and regulatory obstacles like contradictory state and federal laws, and worries about patient privacy and data protection. These elements could make the incorporation and growth of telemedicine services more difficult or prohibitive.

Market Segmentation

The Japan telemedicine market share is classified into type and modality.

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

The Japan telemedicine market is segmented by type into products and services. Among these, the services segment is expected to hold a significant market share through the forecast period. Patients no longer have to wait as long for appointments and referrals due to teleconsultation services. For this reason, more and more hospitals are offering or implementing e-consultation services, which is helping the market expand.

• The real-time segment is expected to dominate the Japan telemedicine market during the forecast period.       

Based on the modality, the Japan telemedicine market is divided into real-time, store-and-forward (S&F), and others. Among these, the real-time segment is expected to dominate the Japan telemedicine market during the forecast period. The store-and-forward industry is anticipated to grow as a result of the growing use of telehealth in disease diagnosis, particularly in radiology and dermatology. Furthermore, the growth of the others category is anticipated to be aided by the increasing number of smartphone users and the growing internet penetration, even in rural areas.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan telemedicine 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

• NTT Data
• NEC Corporation
• Fujitsu Limited
• Panasonic Corporation
• Toshiba Corporation
• M3 Inc
• Sony Corporation
• Others

Key Target Audience

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

Recent Developments

• In August 2023, Susmed's digital therapy, which helps doctors administer CBT-I to patients suffering from insomnia, has received regulatory approval in Japan.

Market Segment

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

Japan Telemedicine Market, By Type

• Products
• Services

Japan Telemedicine Market, By Modality

• Real-Time
• Store-and-Forward (S&F)
• Others