Japan Hospital Market Report 2023 to 2030

Japan Hospital Market Analysis

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The Japan Hospital Market was valued at $341.84 Bn in 2023 and is predicted to grow at a CAGR of 8.1% from 2023 to 2030, to $589.67 Bn by 2030. The key drivers of this industry are growing public awareness and incidence of infectious diseases, technological advancements, and rise in geriatric population. The key players in the industry are Tokushukai Medical Group, Shonan Kamakura General Hospital, Kameda Medical Center, and Hokkaido Ohno Memorial Hospital Group among others.

ID: IN10JPHS052 CATEGORY: Healthcare Services GEOGRAPHY: Japan AUTHOR: Avantika Gupta

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Japan Hospital Market Executive Summary

The Japan Hospital Market is at around $341.84 Bn in 2023 and is projected to reach $589.67 Bn in 2030, exhibiting a CAGR of 8.1% during the forecast period.

Hospitals are essential pillars of our healthcare system. They provide a wide range of services to keep us healthy and cared for in times of illness or injury. Hospital services are delivered by a multidisciplinary team of healthcare professionals, including doctors, nurses, technicians, and support staff, all working together to diagnose, treat, and support patients on their journey to recovery. Hospitals invest in advanced medical technologies and equipment to meet the healthcare requirements of an aging population. This includes state-of-the-art diagnostic tools, surgical equipment, and telemedicine solutions, which contribute to hospital revenue growth. Overall, hospital services are pivotal in maintaining and promoting the health and well-being of individuals and communities by delivering comprehensive medical care and addressing a variety of healthcare needs.

The private sector hospitals, driven by competition and innovation, offer the latest medical technologies and personalized care. Patients often choose these institutions for their shorter wait times, luxurious amenities, and access to renowned specialists. While it comes with a price tag. On the other hand, public sector hospitals uphold the principle of healthcare as a fundamental right. They serve as safety nets for vulnerable and underserved populations, offering comprehensive healthcare services and research regardless of a patient’s financial means.

Japan has 6.5 hospitals per 100,000 inhabitants, making it one of the highest in the world. The market therefore is driven by significant factors like increasing incidence of infectious diseases, technological advancements, and rise in geriatric population. However, shortage of skilled professionals, rising costs, and stringent regulatory framework restrict the growth of the market.

The hospitals known for comprehensive medical services include Kameda Medical Center and St. Luke’s International Hospital. Juntendo University Hospital Group, Fujita Medical University Hospital, and Mayo Clinic are also significant contributors to the Japan Hospital Market.

Japan Hospital Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Increasing Incidence of Infectious Diseases: The increased awareness of infectious diseases and the rising incidence of hospital-acquired infections and surgical site infections has led to a greater demand for improved hospital supplies, advanced medical equipment, and enhanced healthcare facilities to prevent the spread of infections and provide better patient care.

Rise in Geriatric Population: The elderly population in Japan, which is projected to reach 40% of the total population by 2050, requires more frequent hospitalizations, doctor visits, and long-term care services. This is driving up the demand for comprehensive hospital services. Older adults are more susceptible to conditions like heart disease, stroke, cancer, diabetes, Alzheimer's, and other dementias. Treating these age-related diseases requires advanced hospital facilities, specialized equipment, and skilled medical staff.

Technological Advancements: The adoption of mobile and IoT (Internet of Things) technologies in hospitals and outpatient care centers is a key driver for the growth of the hospital services market in Japan. These advanced technologies are providing real-time visibility into patients' health, leading to significant enhancements in patient care and monitoring of medical conditions.

Market Restraints

Shortage of Skilled Professionals: The Japanese healthcare sector is facing a significant shortage of qualified and trained healthcare staff, including doctors, nurses, and paramedics. This shortage is a major restraint on the growth of the hospital services market in Japan.

Rising Costs: The increasing costs of surgical equipment, medical devices, and maintenance expenses are a significant financial burden on hospitals in Japan, hindering the market expansion for hospital services.

Stringent Regulatory Framework: Japanese healthcare industry is subject to a stringent regulatory environment, which can pose challenges for hospitals in terms of compliance and approval processes for new services or technologies. This regulatory framework acts as a restraint on the market's growth potential

Regulatory Landscape and Reimbursement Scenario

The main regulatory body governing the hospital services market in Japan is the Ministry of Health, Labor, and Welfare (MHLW) which oversees the healthcare sector and medical institutions. The Pharmaceuticals and Medical Devices Agency (PMDA) assists in the regulatory process, particularly for pharmaceuticals and medical devices. Manufacturing License is required for designing, manufacturing, sterilizing, and storing medical devices. Standards outlined in the QMS Ordinance must be followed.

Japan's hospital reimbursement scheme is based on a point system, where each medical service is assigned a fixed fee, known as a medical service fee point. One point equals 10 yen. This system reimburses providers from insurance funds based on the medical service fee points calculated by each medical facility for the services provided. The Diagnosis Procedure combination (DPC) system is a more recent framework introduced to address the inefficiencies of the Fee-For-Service (FFS) system. It aims to standardize and reduce costs by paying providers based on the diagnosis and procedures performed, rather than the length of hospital stay. This system is designed to promote efficiency and reduce variations in hospitalization lengths.

Competitive Landscape

Key Players

Here are some of the major key players in the Japan Hospital Market:

Tokushukai Medical Group
Kameda Medical Center
St. Luke’s International Hospital
Shonan Kamakura General Hospital
Juntendo University Hospital Group
Kaikoukai Healthcare Group
Hokkaido Ohno Memorial Hospital Group
Mayo Clinic
Fujita Medical University Hospital
Kyoto University Hospital

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

Japan Hospital Market Segmentation

By Service Type

Inpatient Services
Outpatient Services

By Hospital Type

Private Hospital
Public Hospital

By Service Areas

Acute Care
Cardiovascular
Cancer Care
Neurorehabilitation & Psychiatry Services
Pathology Lab, Diagnostics, and Imaging
Obstetrics & Gynecology
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.