1. World’s 3rd Largest Market with a Huge Number of Medical Facilities
Japan is the world’s 3rd largest medical market! In addition, the high rate of aging population results in expansion and construction of new hospitals and elderly-care facilities. This trend leads to the expansion of the medical industry.
2. Huge Amount of Imported Medical Devices = JPY 1,556 Billion (USD 14.3 Billion)
The Japanese medical device market relies heavily on imported products.
The annual sales amount of medical devices in Japan was JPY 2,887 billion (USD 26.6 billion) (2016), 54% of which were imported products.
(Exchange rate: as of March 2020)
Source: “2016 Annual Report on the Survey of Pharmaceutical Industry Productions”,
The Ministry of Health, Labour and Welfare, Japan
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