Medical Engineering Instruments (Diagnostics Devices) Market in Japan: Key Research Findings 2022
While Further Market Recovery Expected from COVID-19 Crisis, Domestic Medical Engineering Instruments (Diagnostics Devices) Market May Downturn from Remarkable Surge Caused by Special Demand
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the domestic medical engineering instruments (diagnostics devices) market, and found out the trends by product segment, trends of market players, and future outlook.
This research targets 32 items (37 products/57 categories) of diagnostic instruments out of all medical engineering equipment used at hospitals, clinics, medical centers, etc.
The market in FY2021 was somewhat on the recovery from the previous fiscal year in which hospital management had deteriorated due to decreased number of operations and treatment cases together with delayed budget implementation stemming from coronavirus pandemic. Furthermore, expansion of COVID-19 supplementary budget extremely increased the sales of large image diagnostic apparatus and X-ray computed tomography to be installed at the department of radiology, and equipment for follow-up examination and diagnosis for patients infected by the coronaviruses. The estimated medical engineering instruments (diagnostics devices) market size for FY2021 was 364,552 million yen, a rise by 10.5% on a YoY basis.
Biofunction Test Devices, Biological Information Monitors (High-End to Middle Grade Products)
The market for biofunction test devices & biological information monitors (high-end to middle grade products) included biological information monitors, some laboratory products such as electrocardiograph, electroencephalograph, evoked potential inspection devices, etc., together with those products geared for each department of hospitals and clinics regardless of the scale of facilities.
When observing the breakdown, biological information monitors for hospital wards continued expanding the sales from the previous fiscal year, due to COVID-19-related subsidies and patient support. The sales for fractional flow reserve (FFR) measuring devices also showed a growing tendency. Conversely, infrared oxygen saturation monitors that had been bought in sets by the use of subsidy in the previous fiscal year showed a downward trend from there, but the market as a whole grew positively. The estimated market size of biofunction test devices & biological information monitors (high-end to middle grade products) increased in FY2021 by 8.0% on a YoY basis to 60,030 million yen.
While further market recovery from COVID-19 crisis is expected hereafter, those products that used to sell remarkably well by the special demand from COVID-19 pandemic may face a downturn. The medical engineering instruments (diagnostic devices) market for FY2022 is projected to increase by 4.6% from the previous fiscal year to 381,333 million yen.
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