Japan ECG Equipments Market Report 2022 to 2030

Japan ECG Equipments Market Analysis

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The Japan ECG Equipment Market is expected to witness growth from $554 Mn in 2022 to $1010 Mn in 2030 with a CAGR of 7.80% for the forecasted year 2022-2030. There are a lot of elderly individuals in Japan who are at an increased risk of cardiovascular disease due to the country's rapidly ageing population. Japan now has a greater need for ECG equipment as a result of this demographic tendency. The market is segmented by product type and by the end user. Some key players in this market include Nihon Kohden, Fukuda Denshi, Roland dg, Johnson & Johnson, Philipps Healthcare, Medtronic and Dexcom.

ID: IN10JPMD008 CATEGORY: Medical Devices GEOGRAPHY: Japan AUTHOR: Jigyasu Bhandari

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Japan ECG Equipment Healthcare Market Executive Analysis

The Japan ECG Equipment Market size is at around $554 Mn in 2022 and is projected to reach $1010 Mn in 2030, exhibiting a CAGR of 7.80% during the forecast period. Only 5.2% of Egypt's overall budget, or 1.5% of GDP, was allotted to the health sector up until 2021. From 5.3% in 2016 to 4.9% in 2019, the budget's share of health expenses decreased, reaching its lowest level in the preceding five years. At 1.6% of GDP, government spending on health reached a record high. In Egypt, public health spending has grown to 3% of the GDP.

In Japan, electrocardiography (ECG) technology is frequently used for a variety of medical procedures. A variety of cardiac conditions, including arrhythmia, heart attacks, and heart failure, can be diagnosed using ECG equipment. It offers insightful data on the electrical activity of the heart, assisting medical professionals in spotting anomalies and making precise diagnoses of cardiac conditions. For routine medical examinations, ECG equipment is used to look for heart diseases. Regular ECG examinations assist in identifying any early heart disease symptoms, allowing for early intervention and therapy. In order to investigate different facets of heart function and diseases, ECG equipment is used in research. ECG data is used by researchers to study heart rhythms, spot trends and patterns, and create novel heart disease treatments. As a non-invasive diagnostic tool, ECG equipment makes for a painless and safe treatment for patients because it doesn't require any kind of incision or surgical process. Due to their quick turnaround time and precise results, ECG tests are a vital diagnostic tool for medical workers. With its more affordable price tag when compared to other diagnostic tools, ECG technology has become a popular diagnostic option for many patients.

Japan ECG Equipment Market Analysis

Market Dynamics

Market Growth Drivers

There are a lot of elderly individuals in Japan who are at an increased risk of cardiovascular disease due to the country's rapidly ageing population. Japan now has a greater need for ECG equipment as a result of this demographic tendency. The creation of cutting-edge ECG devices with capabilities like wireless connectivity, remote monitoring, and cloud-based data storage is a top priority for Japanese makers of ECG equipment. The market for ECG equipment in Japan is expanding due to these technological developments. The Japanese people are becoming more and more conscious of the value of preventive healthcare, which includes routine health screenings and check-ups. Due to the growing need for ECG equipment for regular health examinations and heart disease screening, this has happened.

Market Restraints

It can be time-consuming and costly for ECG equipment manufacturers in Japan to adhere to rigid regulatory standards. New producers may find it difficult to enter the market as a result, and the expansion of current ones may be constrained. In Japan, there is a fierce battle for market share between numerous established players and newcomers in the ECG equipment industry. Manufacturers may find it challenging to distinguish their goods and keep a margin in this situation.

Competitive Landscape

Key Players

Nihon Kohden (JP)
Fukuda Denshi (JP)
Roland dg (JP)
Johnson & Johnson
Medtronic
Philipps Healthcare
Dexcom

Recent Notable Deals

2021: Nihon Kohden, a major supplier of cardiovascular products and services in Japan, revealed the acquisition of Japan Lifeline in 2021. Nihon Kohden's place in the Japanese market for ECG equipment is anticipated to be strengthened by the deal, which will also broaden its line of products.

2020: In order to distribute telemedicine products and services in Japan, Fukuda Denshi and AMD Global Telemedicine declared a partnership in 2020. The collaboration is anticipated to assist Fukuda Denshi in growing its clientele in the Japanese ECG equipment industry.

Healthcare Policies and Regulatory Landscape

Japan has a sophisticated healthcare system and stringent ECG device regulations. In Japan, a regulatory body called the Pharmaceutical and Medical Devices Agency (PMDA) is in charge of inspecting and authorising ECG apparatus. Prior to being sold in Japan, the agency evaluates the ECG equipment for safety, effectiveness, and quality. The creation, production, distribution, and marketing of ECG equipment in Japan are all governed by the PMD Act. The PMD Act establishes requirements for the effectiveness, safety, and calibre of ECG devices. In Japan, the production and distribution of ECG equipment are governed by a system of quality control standards called Good Manufacturing Practice (GMP). Manufacturers of ECG equipment are required by the GMP to set up and keep quality control systems to guarantee the security and effectiveness of their equipment.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 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 Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

ECG Equipment Market Segmentation

By Product Type (Revenue, USD Billion):

Holter Monitors
Resting ECG Machines
Stress ECG Machines
Event Monitoring Systems
ECG Management Systems
Cardiopulmonary Stress Testing Systems

By End User (Revenue, USD Billion):

Hospitals and Clinics
Diagnostic Centres
Ambulatory Services
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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The market is segmented by type and by the end user.

The Japan ECG Equipment Market is studied from 2022-2030.

Nihon Kohden, Fukuda Denshi, Roland dg, Johnson & Johnson, Philipps Healthcare, Medtronic and Dexcom are the major companies operating in Japan's ECG Equipment market.