Japan Home Healthcare Market Analysis

Japan Home Healthcare Market Analysis


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The Japan home healthcare market was valued at $22.4 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 8.43% from 2022 to 2030 and will reach $43.07 Bn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies, The increased prevalence of chronic ailments. The market is segmented by equipment and by services. Some key players in this market are Doctor mate, Medtronic Japan, A&D Company, and Toto.

ID: IN10JPHS010 CATEGORY: Healthcare Services GEOGRAPHY: Japan AUTHOR: Nandini Shah

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Japan Home Healthcare Market Executive Summary

The Japan home healthcare market was valued at $22.4 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 8.43% from 2022 to 2030 and will reach $43.07 Bn in 2030. The demand for home healthcare is anticipated to increase as Japan's geriatric population and dependency ratio both grow.

The home healthcare market in Japan is one of the largest and most advanced in the world. The country has an aging population and a high demand for home healthcare services. The market is expected to continue growing as the population ages and more people require in-home care. The market is dominated by large companies such as Panasonic Healthcare, but there are also many small and medium-sized enterprises operating in the market. The government also plays a significant role in the market through regulations and funding for home healthcare services.

In Japan, the healthcare industry has grown significantly in both revenue and employment. Hospitals, medical equipment, pharmaceutical products, and services including clinical trials, telemedicine, e-health, health tourism, home healthcare, and health insurance are all included in the definition of healthcare.

japan home healthcare market analysis

Market Dynamics

Market Growth Drivers

Japan has one of the oldest populations in the world, with a large number of elderly citizens who require home healthcare services. This demographic trend is expected to continue in the future, further fueling the growth of the market. With the increasing prevalence of chronic diseases such as diabetes, hypertension, and cancer is driving the demand for home healthcare services in Japan. The Japanese government has implemented policies and initiatives to promote the use of home healthcare services, including funding for research and development and reimbursement for home healthcare services. The development of new technologies, such as telehealth, is making it easier for patients to receive home healthcare services remotely, which is driving the growth of the market. The rising cost of healthcare is making home healthcare services more attractive for patients, as it is often more cost-effective than traditional inpatient or hospital-based care. With the growing awareness of the benefits of home healthcare, people are now more inclined towards home healthcare services, which is driving the growth of the market.

Market Restraints

The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Japan home healthcare market. While the Japanese government provides some reimbursement for home healthcare services, it is not always sufficient to cover the full cost of care. This can make it difficult for patients to afford home healthcare services. There are limited facilities and infrastructure to support home healthcare services in Japan, particularly in rural areas. This can make it difficult for patients to receive home healthcare services in some areas. With the growing adoption of home healthcare, there is a growing concern about the security and privacy of patients’ data and information. n some rural areas, patients may not have access to home healthcare services, making it difficult for them to receive care.

Competitive Landscape

Key Players

  • Doctor mate
  • Medtronic Japan
  • A&D Company
  • Toto
  • Terumo Corporation
  • Nihon Kohde
  • Fujifilm

Healthcare Policies and Regulatory Landscape

The Japanese government has implemented several policies and initiatives to promote the use of home healthcare services in the country. Some of these policies include:

Long-term Care Insurance (LTCI): This is a national insurance program that provides financial support for home healthcare services for elderly citizens and people with disabilities. The program covers services such as nursing care, home-visit nursing care, and home-visit medical care.

Community-based Integrated Care (CIC) initiative: This initiative aims to provide integrated care for elderly citizens and people with disabilities in their own homes. The initiative includes services such as home-visit nursing care, home-visit medical care, and rehabilitation services.

Health Management Support System (HMSS): This system is designed to support people with chronic diseases who live at home. It includes services such as remote monitoring, telemedicine, and home-visit nursing care.

Geriatric Health Management (GHM): This initiative is aimed at promoting health and preventing illness among elderly citizens. It includes services such as home-visit nursing care, home-visit medical care, and rehabilitation services.

Support for home-visit nursing care: The government provides financial support for home-visit nursing care for elderly citizens and people with disabilities who are unable to receive care in hospitals or nursing homes.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.

  • Testing, Screening, and Monitoring Device
  • Blood Glucose Monitors
  • Blood Glucose Monitors
  • Blood Pressure Monitors
  • Heart Rate Monitors
  • Temperature Monitors
  • Sleep Apnea Monitors
  • Coagulation Monitors
  • Ovulation and Pregnancy Test Kits
  • Pulse Oximeters
  • Home Hemoglobin A1C Test Kit
  • Therapeutic Home Healthcare Devices
  • Oxygen Delivery Systems
  • Nebulizers
  • Ventilators
  • Sleep Apnea Therapeutic Devices
  • Wound Care Products
  • IV Equipment
  • Dialysis Equipment
  • Insulin Delivery Devices
  • Inhalers
  • ?Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)
  • Mobility Assist
  • Walkers and Rollators
  • Wheelchairs
  • Canes
  • Crutches
  • ?Mobility Scooters

By Service Type (Revenue, USD Billion):

  • Skilled Nursing Services
  • Rehabilitation Therapy Services
  • Hospice and Palliative Care Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Infusion Therapy Services
  • Pregnancy Care Services?

By Indication Type (Revenue, USD Billion):

  • Cardiovascular Disorders & Hypertension
  • Diabetes
  • Respiratory Diseases
  • Pregnancy
  • Mobility Disorders
  • Hearing Disorders
  • Cancer
  • Wound Care
  • ?Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 16 February 2023
Updated by: Shivam Zalke

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