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Japan Respiratory Devices Market - Growth, Trends, and Forecasts (2020-2025)

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  • 90 Pages
  • August 2020
  • Region: Japan
  • Mordor Intelligence
  • ID: 5175307
The Japan Respiratory Devices Market is expected to grow with a CAGR of 9.6% in the forecast period. The major factors driving the market growth are the huge patient pool with respiratory diseases like COPD, Asthma, etc, and increasing technological advancements in the region.

According to the Nippon COPD Epidemiology (NICE) study in Japan, 2019, the prevalence of COPD was estimated to be 8.6% in those over 40 years of age, an approximate total of 5.3 million patients. The prevalence of COPD thus increases with age, and thus, it is a typical respiratory disease of the elderly. in addition, the increasing geriatric population also fuels the increasing respiratory diseases which increase the demand of more respiratory devices in the market.

Key Market Trends

Therapeutic Devices are Expected to grow fastest during the forecast period

The therapeutic devices segment is further classified into Ventilators, Inhalers, and Others. The demand for ventilators and other therapeutic devices is always high in the region due to the other respiratory diseases that are highly prevalent in the country.

In Japan, the most prevalent respiratory allergy in the country is Hay fever, which is caused due to the cedar pollen spread throughout the country. According to the article published in January 2020, it is estimated that 25 million people are found suffering from hay fever in Japan. Therefore the number of people suffering from hay fever is increasing that helps in the increase in the overall market growth.

Furthermore, with the advent of recent COVID 19 pandemic which requires the patients to be on ventilators as the virus affects the lungs, there is a huge demand for ventilators and other devices that have increased. The number of COVID cases is found increasing on a daily basis which has also increased the requirement of the therapeutic devices in the market.

Competitive Landscape

The Japan Respiratory Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Due to the COVID 19 situation, the government of Japan has decided to add more ventilators from the overseas suppliers boosting the market opportunities of the manufacturers.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Disorders
4.2.2 Technological Advancements in the Devices
4.3 Market Restraints
4.3.1 High Cost of Equipment and Stringent Regulatory Framework
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Diagnostic and Monitoring Devices Spirometers Sleep Test Devices Peak Flow Meters Others
5.1.2 Therapeutic Devices Ventilators Inhalers CPAP Devices Oxygen Concentrators Others
5.1.3 Disposables Masks Breathing Circuits Other Disposables
6.1 Company Profiles
6.1.1 Dragerwerk AG
6.1.2 Fisher & Paykel Healthcare Ltd
6.1.3 GE Healthcare
6.1.4 Getinge AB
6.1.5 Terumo Corporation
6.1.6 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 ResMed Inc.
6.1.9 Metan Co., Ltd

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dragerwerk AG
  • Fisher & Paykel Healthcare Ltd
  • GE Healthcare
  • Getinge AB
  • Terumo Corporation
  • Koninklijke Philips NV
  • Medtronic PLC
  • ResMed Inc.
  • Metan Co., Ltd