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Japan Remains the World's Second Largest Medical Market, After the USA

Posted on: Wednesday, 15 November 2006, 00:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c45203) has announced the addition of the Espicom Business Intelligence Ltd report: The Medical Device Market: Japan to their offering.

Despite its prolonged economic troubles in recent years, Japan remains the world's second largest medical market, after the USA. Japan's short-term economic outlook continues to recover steadily. A rapidly ageing population has burdened the healthcare system both in terms of funding and facilities and is of great concern for the Japanese government. As a result, payments made by the government to medical institutions have been slashed (by record levels in 2006) in an attempt to ease national medical spending.

Japan has some of the best vital statistics in the world, including the lowest infant mortality rates and highest adult life expectancies. The growing number of patients requiring long-term care and the advent of the elderly health insurance system offers great potential within the market.

The government is attempting to reform the notoriously lengthy period of healthcare product approval with the creation of a new organisation overseeing both medical devices and pharmaceuticals. Many Western medical procedures such as transplants are viewed with scepticism, although ethical differences have gradually been overlooked due to the increasing lack of Japanese alternatives.

Topics Covered

MARKET OUTLOOK

-Current market size

-Unique 5-year market projections

-Market outlook

-Market structure

-Including statistical data on imports and exports

-Market developments

-Covering recent and impending developments with respect to key issues such as regulation, health facilities and government policy

-Key national data projections

BACKGROUND DATA

-Population data, including growth trends and age structure

-Demographic indicators detailing principal causes of death and morbidity

HEALTHCARE SYSTEM

-Health expenditure

-Expenditure by source of funding and type

-Hospital services

-Hospital data such as beds by type, specialty, patient admissions, occupancy and surgical procedures

-Outpatient care

-Medical personnel

-Data on healthcare professionals covering such areas as doctors by specialty, nursing staff and dentists

ACCESSING THE MEDICAL MARKET

-Regulatory environment

-Distribution guide and trade fair information

-Domestic production

CONTACT DETAILS

-For healthcare organisations and trade associations.

Summary

Despite its prolonged economic troubles in recent years, Japan remains the world's second largest medical market, after the USA. Japan's short-term economic outlook continues to recover steadily. A rapidly ageing population has burdened the healthcare system both in terms of funding and facilities and is of great concern for the Japanese government. As a result, payments made by the government to medical institutions have been slashed (by record levels in 2006) in an attempt to ease national medical spending.

Japan has some of the best vital statistics in the world, including the lowest infant mortality rates and highest adult life expectancies. The growing number of patients requiring long-term care and the advent of the elderly health insurance system offers great potential within the market.

The government is attempting to reform the notoriously lengthy period of healthcare product approval with the creation of a new organisation overseeing both medical devices and pharmaceuticals. Many Western medical procedures such as transplants are viewed with scepticism, although ethical differences have gradually been overlooked due to the increasing lack of Japanese alternatives.

For more information visit http://www.researchandmarkets.com/reports/c45203

Source: Business Wire

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