No.3967
Medical Diagnostic Equipment Market in Japan: Key Research Findings 2025
Deteriorating Hospital Finances Diminish Medical Diagnostic Equipment Market to 355,113 Million Yen in FY2025
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic medical diagnostic equipment market to explore the trends by product segment, the trends of market players, and future outlook.
Market Overview
The market report focuses on 32 types of medical diagnostic equipment (covering 37 products across 57 categories) used in medical institutions, including hospitals, clinics, and medical centers.
Rising operational costs have strained hospital finances, forcing many to defer diagnostic equipment replacements. This trend has been compounded by a sharp decline in demand following the end of pandemic-related subsidies as COVID-19 containment efforts concluded. Consequently, the market size for medical diagnostic equipment is projected to contract to 360,480 million yen in FY2024, down 1.5% from the previous fiscal year (based on the sales of distributors).
Noteworthy Topics
Physiological Function Testing Devices & Vital Sign Monitors (High-End & Mid-Range)
The market for physiological function testing devices and vital sign monitors (high-end & mid-range) encompasses vital sign monitors that are installed across medical institutions, including large-scale hospitals to general clinics, machines used in laboratories such as electrocardiograph (ECG) machine, electroencephalogram (EEG) machine, and Evoked Potential (EP) test devices, as well as other devices employed by each medical department for specific purposes.
The vital sign monitor market, including pulse oximeters, showed flat growth in FY2024 as pandemic-related subsidies for system installations ended. While fractional flow reserve (FFR) systems continued to gain adoption, the emergence of virtual FFR methods dampened overall demand growth. Given the circumstances, the market size of physiological function testing devices and vital sign monitors (high-end and mid-range) is estimated at 54,282 million yen in FY2024, down 0.7% from the preceding fiscal year, and forecasted to decrease further by 2.0% to 53,223 million yen in FY2025.
Future Outlook
Rising costs will continue to constrain hospital finances in FY2025, resulting in postponed and cancelled device installations. Furthermore, pandemic-related subsidies front-loaded device replacements, depleting near-term demand and dampening market growth prospects. The market size of medical diagnostics devices is forecasted to decline by 1.5% from the previous fiscal year to 355,113 million yen in FY2025.
Research Outline
2.Research Object： Domestic manufacturers of medical diagnostic equipment and distributors of imported medical diagnostic equipment in Japan
3.Research Methogology： Face-to-face interviews by our expert researchers (including online interviews), survey by telephone, and questionnaire
What is the Medical Diagnostic Equipment Market?
In this research, the market of medical diagnostic equipment encompasses 32 items (37 products/57 categories) used at medical institutions (hospitals, clinics, and medical centers), including diagnostic imaging systems (CT scanners, MRI scanners, various X-ray imaging solutions, and ultrasonic diagnostic equipment), devices to measure key physiological indicators (such as vital sign monitors and electrocardiograph), endoscope systems, and other devices employed by each medical department for specific purposes.
＜Products and Services in the Market＞
ECG, Vital Sign Monitor, Polygraph System, EEG/EMG Systems, Endoscope, Handheld Endoscope, Ultra-thin Endoscope and System, Ultrasound Imaging Equipment, IVUS/ICUS/ICE, X-ray CT Scanner, MRI Scanner, Angiographic System, Cardiovascular X-ray Scanner, Surgical X-ray TV System, MobileX-ray Scanner (for doctor's round visit), PET, Magnetoencephalography System (MEG), Bone Densitometer, Imager/Printer, Automatic Image Processor, Thermal Video Printer, Computed Radiography (CR), Digital Radiography (DR), Flat Panel Detector (FPD), Fractional Flow Reserve (FFR), (Continuous) Cardiac Output (CCO) Monitoring System, Pulse Oximeter, Cerebral Oximetry, Transcutaneous Blood Gas Partial Pressure Measurement Apparatus, Blood Flowmeter, Anesthetic Gas Monitor, Non-invasive Automatic Blood Pressure Monitor, Medical-Grade Digital Thermometer, Deep Body Thermometer, Urodynamics/Uroflowmeter, Stethoscope
Published Report
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