Market of Biomedical Instruments for Treatment/Therapy in Japan: Key Research Findings 2023

Biomedical Instruments (for Treatment/Therapy) Market Attained 179,676 Million Yen in FY2022, Up by 1.9% From Preceding Fiscal Year

Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic market of biomedical instruments (for treatment/therapy), and found out the market trends, the trends of market players, and future perspective.

Summary of Research Findings

This survey targets to 32 items (54 categories) out of all biomedical instruments at hospitals, general clinics, etc., that are used for treatment/therapy.
In fiscal 2022, demand for products whose demand was expanded by subsidies related to the prevention of the spread of the novel coronavirus continued to grow from the previous year, while many other products showed reactionary decline. Meanwhile, although there were some products that enjoyed new sales demand or replacement demand, led by the improvement in hospital balance due to the recovery in the number of surgeries stemming from the situation where people no longer refrain from visiting medical institutions, other products remained sluggish even after the COVID-19 pandemic. Under the circumstances, we estimated that the market of biomedical instruments for treatment/therapy in FY2022 to attain 179,676 million yen, up by 1.9% from the previous fiscal year.

Noteworthy Topics

Changing Landscape of Biomedical Instruments for Treatment/Therapy

The market of biomedical instruments for treatment/therapy is affected by fundamental industry factors (the number of surgeries/various medical procedures, the revision of medical fees, etc.), regulatory and legal factors (cancer control programs, Community Medical Partnership System, tax hike, etc.), and specific factors like the outbreak of the COVID-19 pandemic.

As to FY2022, the largest impact on the market was COVID-19. In a positive sense, it facilitated purchases of treatment/therapeutic biomedical instruments with subsidies/grants that are related to infection prevention. In a negative sense, it decreased the number of surgeries due to decline in the total number of people visiting hospitals. Additionally, the market was affected by soaring production cost due to global upsurge in the price of raw materials and transportation, production delays caused by semiconductor shortage, and price hike in imported products due to depreciation of yen. In FY2023, it was said that the annual cost at large-scale hospitals rose by 200 to 500 million yen, due to the end of COVID subsidies and soaring electric bills. Furthermore, hospital’s balance of payments may be impacted by the revised Medical Care Act, which will enter into force in 2024, and which will implement workstyle reform of health professionals. At the same time, the weak yen is expected to continue.

Even though the business environment is intense, the market of biomedical instruments for treatment/therapy in FY2023 is expected to expand. With a recovery in the demand for replacement that had been stalled during the pandemic, the end of chip shortages, and the containment of logistical problems, the market is projected to reach 193,509 million yen for FY2023, up by 7.7% from the previous fiscal year.

Research Outline

1.Research Period: April to October 2023
2.Research Object: Domestic manufacturers of biomedical instruments and distributors of imported biomedical instruments
3.Research Methogology: Face-to-face interviews by our expert researchers (including online interviews), surveys via telephone, and literature research

What are the Biomedical Instruments (for Treatment/Therapy)?

Biomedical instruments (for treatment/therapy) in this research refer to 32 items (54 categories) of therapeutic devices used at hospitals and clinics. The market size is calculated based on the sales of domestic manufacturers and distributors of imported biomedical instruments.
In this research, the market is categorized into 5 segments (“instruments used in operation room, etc.*”, “therapeutic lasers”, “high-end instruments for specific medical fields”, “middle-class/popularized devices for specific medical fields”, and “instruments for endoscopic surgery [laparoscopic/thoracoscopic surgery]) and the segments are analyzed individually.
*The “instruments used in operation room, etc.” include rental devices to be used at home and devices installed at public spaces (public facilities, etc.).

<Products and Services in the Market>

Endoscope surgery instruments (laparoscopic/thoracoscopic surgeries, etc.), ventilators, general anesthesia systems, defibrillators, electrosurgical knives/ bipolar electrosurgical knives/ argon gas, ultrasonic coagulation & cutting devices/ultrasonic aspirators, Nd:YAG laser, Ho:YAG laser, KTP/YAG laser, CO2 laser, high-power semiconductor laser, Photo Dynamic Therapy (PDT), Transmyocardial laser revascularization, pain relief semiconductor laser, near-infrared light therapy devices (linear polarizers), cosmetic laser for birthmark removal and facial peeling, aesthetic plastic surgery instruments (hair removal, surgical procedure for wrinkles, varicose vein treatment), Trans Urethral Lithotripsy (TUL), BPH (Benign Prostate Hypertrophy) treatment device, Extracorporeal Shock Wave Lithotripsy (ESWL), hyperthermia, Intra-aortic Balloon Pump (IABP), intra-operative and post-operative blood salvage device/ auto-transfusion machine, Continuous Passive Motion (CPM), tourniquet system, electric bone stimulator/ ultrasonic bone healing system, low frequency treatment devices/compression pumps for edema, power instrument systems, gamma knives, stereotactic brain surgery/stereotactic and high-precision radiosurgery systems, surgical microscopes/navigation systems, nebulizers, sterile container systems, surgical steel instruments and devices

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