The Japan diagnostic imaging equipment market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of 7% during 2023–2031. The growth of the market is attributed to the increasing burden of target diseases and rising investments, funds along with grants for modernization and innovation of diagnostic imaging equipment.
Diagnostic imaging equipment is a technique to visualize physical diagnosis among the clinical community. The diagnostic imaging systems are used to image the body to acquire correct diagnosis and determine the future care. It reveals the internal structures covered with bones and skins to treat diseases. Diagnostic helps to establish a database of normal anatomy and physiology to identify the abnormalities.
Covid-19 has impacted the Japan diagnostic imaging equipment market negatively and positively. Limited buying capacities of hospitals and imaging centers, reduced workforce, and turnaround time for delivering services and products due to lockdown imposed are some negative impacts. On the other hand, free-up capacities and resources provided to hospitals for potential covid-19 emergencies along with various routine and elective procedures severely reduced.
Japan Diagnostic Imaging Equipment Market Trends, Drivers, Restraints, and Opportunities
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Rising geriatric population and increasing prevalence of associated diseases is expected to propel the market expansion in the coming years.
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Rapid growth of the hospital industry is key factor pushing the market growth.
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High cost of diagnostic imaging equipments is estimated to impede the market expansion during the forecast period.
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Technological limitations associated with standalone systems act as major challenge that can hinder the market growth.
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R&D investment and technological advancement in diagnostic imaging equipment is anticipated to offer lucrative opportunities for the market players.
Scope of Japan Diagnostic Imaging Equipment Market Report
The report on the Japan diagnostic imaging equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Japan Diagnostic Imaging Equipment Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Nuclear Imaging, MRI, Computed Tomography, X-ray, Ultrasound, and Others), Applications (Oncology, Orthopedics, Cardiology, Neurology, and Others), End-users (Diagnostic Centers, Hospitals, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Fujifilm Corporation; Shimadzu Corporation; Hitachi Ltd; Canon; GE Healthcare; Siemens Healthineers; and Philips Healthcare
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Japan Diagnostic Imaging Equipment Market Segment Insights
MRI segment is projected to account for a large market share
Based on product types, the Japan diagnostic imaging equipment market is divided into nuclear imaging, MRI, computed tomography, x-ray, ultrasound, and others. The MRI segment is expected to constitute a key share of the market during the forecast period owing to increasing demand for exact images of soft tissues and growing disposable income in Japan. The demand for MRI is increasing due to high usage in various hospitals for scanning and taking images of any body parts. However, the x-ray segment is anticipated to expand at a rapid pace during the forecast period due to rising demand for cost effective diagnostics techniques.
On the other hand, the ultrasound segment is projected to expand at a rapid pace in the coming years owing to high usage of ultrasound diagnostic imaging equipment. It is highly used for assessing placental, maternal, morphology, and haemodynamics, as well as for image guided in teratology and utero interventions.
Oncology segment is projected to hold a key market share
On the basis of applications, the market is segmented into oncology, orthopedics, cardiology, neurology, and others. The oncology segment is expected to represent a key share of the market in the coming years due to rising incidence of cancer. Oncology helps in imaging in the diagnosis and treatment of cancers and tumors. On the other hand, the cardiology segment is anticipated to expand at a rapid pace during the forecast period owing to its immediate access to current and historical images as well as reports.
Hospitals segment is projected to constitute a major market share
In terms of end-users, the Japan diagnostic imaging equipment market is segregated into diagnostic centers, hospitals, and others. The hospitals segment is expected to account for a key share of the market during the forecast period owing to growing number of diagnostic imaging procedures happening in hospitals. The adoption of advanced diagnostics imaging equipment is increasing in hospitals to improve workflow efficiency.
Segments
The Japan diagnostic imaging equipment market has been segmented on the basis of
Product Types
- Nuclear Imaging
- MRI
- Computed Tomography
- X-ray
- Ultrasound
- Others
Applications
- Oncology
- Orthopedics
- Cardiology
- Neurology
- Others
End-users
- Diagnostic Centers
- Hospitals
- Others
Country
Key Players
- Fujifilm Corporation
- Shimadzu Corporation
- Hitachi Ltd
- Canon
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
Competitive Landscape
Key players competing in the Japan diagnostic imaging equipment market include Fujifilm Corporation; Shimadzu Corporation; Hitachi Ltd; Canon; GE Healthcare; Siemens Healthineers; and Philips Healthcare. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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