Regular members 253 companies Manufacturers should become familiar with these changes to maintain compliance and ensure market access. Shimadzu Corporation Shimadzu Corporation is a Japanese company that specialises in manufacturing precision instruments, measuring instruments and medical equipment such as X-ray TV systems and angiography systems. Member companies can browse information including products and technologies registered by companies in other fields and use the information to introduce new technologies needed to differentiate their products. Kawasumi Laboratories, Inc. KOKEN CO., LTD M M.E.SYSTEM,INC. Climb Medical Systems Inc. Daiei Co., Ltd. DAIICHI MEDICAL CO., LTD. . MANI was the first company in the world to make surgical needles from stainless steel and now sells its surgical needles, ophthalmic knives and dental products to over 120 countries. Medical Device Distributors. In the following 7 chapters, you will quickly find the 37 most important statistics relating to "Medical device industry in Japan". The survey identified diseases with high medical needs in Japan based on factors like top causes of death and top diseases that require support and long-term care. When it comes to the way they handle medical tools and devices, Japanese doctors really are number one in the world, says Takai Toshihide, President and CEO of MANI, which makes world-renowned surgical needles and ophthalmic knives. After the nationwide spread of the coronavirus disease (COVID-19), The average annual R&D expenditure of Japanese medical device manufacturers. Number of employees I sincerely appreciate your continued understanding and generous cooperation. We create global networks. We can move into any field as long as clients require technology to produce solutions. In 2011, FUTA-Q pioneered the processing technology for beta-titanium prized for its strength and flexibility and became the first company in the world to produce -titanium tubes with an internal diameter of just 0.3 millimeters. We are confident that if we are able to satisfy the demands of Japanese doctors, the product will be successful beyond Japan. To measure its products against those of its global rivals, MANI holds an internal conference called Are We the Best in the World or Not? twice a year. We are responding in an unprecedented way to an emergency increase in production due to a global shortage of supply of various devices such as thermometers, blood oxygen meters, and respirators. US-based Penumbra has teamed up with Japanese medical device manufacturer Asahi Intecc to roll out its Indigo Aspiration System in Japan, after receiving regulatory approval. Through this, I can see us contributing to society.. Medical device companies interested in offering their products in Japan must comply with Japan's Pharmaceuticals and Medical Devices Act (PMD Act). Asahi Inteccs clot-busting, minimally invasive guidewires can obviate the need for surgery and be far less traumatic for patients, and are now the de facto world standard. 73,000 Across many mature economies, socioeconomic trends have resulted in aging populations, with profound impact on health care systems, workforce . Japan's Fundamental Statute Governing Pharmaceutical and Medical Device Industry Sees Largest Reform of the Past Decade. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. The B2B Sourcing Platform. One of the keys to the success of Asahi Inteccs products has been the demands of Japans doctors. Medical devices within the B1, B2 and B3 categories . introduce activities statuses and data through our website. Second, we inform these potential Japanese distributors about your medical device. Fitch Solutions estimates that Japans market will exhibit a compound annual growth rate of 5.9 percent from 2021 to 2026. Japan Medical Device Corporation was established on November 16th, 2020, independently by PIA Co., Ltd for "First class medical devices marketing license". Moraine manufacturer launches $8M expansion, plans job and business growth, How to use Midjourney to generate AI images, Buy PSP Projects, target price Rs 675: HDFC Securities, Devices ready for 5G, work on all bands: Motorolas Mani, SIMPLEX QUANTUM, Inc. Completes US Patent Registration of Artificial Intelligence Technology Designed to Determine Heart Failure Stage Using Electrocardiogram Data, Midwinter integrates with estate planning platform Inherit Australia, HI-BRIDGE HIE, Wellpath partner on Georgia Correction's EHRs, October is Contact Lens Safety Month at Prevent Blindness, Daiya Launches the First Plant-Based and Allergen-Friendly Flatbreads, PSP Projects surges 6% as company bags new orders worth Rs 247 cr. MANIs tools are among the most precise in the world, which is vital for a needle piercing the heart or a blade slicing away part of a cornea. Japan's market for medical devices and materials continues to be among the world's largest. Publishing MTJAPAN news, and compiling MTJAPAN medical device statistical data Operating medical technology matching sites and seminars Introducing MTJAPAN group insurance (product liability insurance both in Japan and other countries) Assuring stable supplies during a disaster, Devices for blood transfusion/fluid infusion, To maintain the effectiveness and safety of medical devices, New administration and industry trends declarations, Hosting of training seminars and lectures, etc., for members only. In this field, having a high level of technology and using top quality products for optimum treatment are inevitable, says MANI CEO Takai. We operate a matching site on our website as a forum for meeting MTJAPAN member companies, companies in different fields, the academic society and other organizations. Dietary supplement "Spir. Pesticide-Free & Genuine . HoloEyes Crunchbase Website Twitter Facebook Linkedin The Japanese medical device market to reach from US$54.5bn in 2018 to US$74.7bn in 2025, growing at a compound annual growth rate (CAGR) of 4.6% says GlobalData, a leading data and analytics company. Number of Employees: 36,000. By Company type . Furthermore, we will enhance the quality of healthcare in Japan and worldwide through superior, innovative medical device technology. As demonstrated by the FY2022 budget, the Government of Japan (GOJ) continues to promote the healthcare industry as an area of growth. This text provides general information. Takaoka Douki (Copperware) b. Mitsuya Co., Ltd. - Providing . Batteries (1) Accumulators and batteries (1) Initial technological innovations, product development and production are all carried out in Japan, but MANIs main manufacturing plant is in Vietnam. One Touch Ultra srtrips3. Directly accessible data for 170 industries from 50 countries We are an engineering company that creates or produces products, and we want to be able to create value, Asahi Inteccs President and CEO Miyata Masahiko states. A locked padlock ) or https:// means youve safely connected to the .gov website. Thirty years ago, when Japanese doctors sought highly precise, clot-busting guidewires for catheters, some of the top manufacturers in the world said it wasnt possible. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. I want to emphasize that it was extremely important for us to start our operation in Vietnam 24 years ago and that has been one of our strengths, Takai says. Fujifilm Holdings is a Japan-based company, with headquarters in Tokyo, that offers imaging, information and document solutions. Which investors participated in the most funding rounds within this hub? Recently, the COVID-19 pandemic demonstrated the importance of innovative healthcare products. In our particular case, this is directly related to human life. Organizations in this hub have their headquarters located in Japan, Asia; notable events and people located in Japan are also included. We want to make sure that the doctors can rely on their tools, CEO Takai says. The Japanese medical device market is one of the worlds largest markets. FUTA-Q, for example, is the only integrated manufacturer of beta-titanium needles, Asahi Intecc is the world leader in catheter guidewires and MANI makes the smallest needles and sharpest ophthalmic knives in the world. Japanese Traditional Tableware. In this way, many venture companies are developing medical devices by leveraging new technologies. 80 JIS standards concerning our organization's products. Japan has many large medical device companies, but a considerable amount of medical devices are also imported into the country. RegDesk is a next-generation web-based software for medical device and IVD companies. Representative Director, Founder & Chief Executive Officer. According to the latest official figures from the Ministry of Health, Labour and Welfare (MHLW) Annual Pharmaceutical Production Statistics, the Japanese market for medical devices and materials in 2013 was approximately $33.6 billion (up 3.2 percent from 2012 in yen terms). Katsura is one of the very few Japanese people who have worked as a senior manager in the global headquarters of a foreign-owned pharmaceuticals company. 9. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. and over 1Mio. I would also like to share my great respect and appreciation to all healthcare workers, the entire medical sector and our members of the Medical Technology Association of Japan (MTJAPAN). FUTA-Qs beta-titanium needles provide strength and flexibility, and set a new global standard. Get in touch with us. Opinions expressed by Forbes Contributors are their own. Japan's medical device regulators have updated regulations and implementation guidelines for enforcement of the PMD Act and bar code labeling laws. Our clients also have access to our network of over 4000 compliance experts worldwide to obtain . With their expansive approach to development, production and sales, the rest of the world can look forward to continued pioneering work from Japan in the advancement of top-level medical care. Requirements and approval process for medical devices in Japan. Also . Japanese companies have the capabilities, strategic need, and cash to lead a renaissance in medical technologies. In addition, U.S. companies that produce devices and diagnostics that are minimally invasive that use AI and robot-assisted technology may also find new commercial opportunities, especially in the areas identified in the 2021 survey. While it has a robust local medical device industry, it is also highly dependent on imports. 1401 Constitution Ave NW Four large, foreign manufacturers all said they couldnt do it, Miyata recalls. For any medical equipment, collaborations with doctors are the key for credible product development. Here, we are able to use our local knowledge to research, evaluate, and pinpoint distributors that may be a fit for your company. Materials Guidebook, MTJAPAN medical devices The domestic demand for medical devices is steadily increasing, likely due to the fast-aging. What's the most common types of sub-organization? The budget is then executed as a subsidy to the Japan Agency for Medical Research and Development (AMED). The global data expects the Japanese medical device market to grow from $54.5 billion in 2018 to $74.7 billion in 2025, at a compound annual growth rate of 4.6% (CAGR). Artificial intelligence (AI), the Internet of Things (IoT), and Wearables are just a few concrete examples of digital transformation in healthcare that are completely reshaping the conventional concept of medical devices. We periodically distribute notices from the government and offices on the MTJAPAN members website. In 2020, the production value of medical devices in Japan stood at approximately 2.4 trillion Japanese yen, marking a decrease of about four percent from the previous year. Japanese. KITAGAWA Industries Co., Ltd. . Credevo provides strategic and operational support for products including - pharmaceuticals, - biologics, - nutraceuticals, and - medical devices, in . Towards co-creation strategy and organizational agility, our new vision is to be the preferred co-creation partner. Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, Olympus generated more than half of its revenue, the Pharmaceuticals and Medical Device Agency (PMDA). FUTA-Q uses titanium, nickel-titanium and -titanium to make items that are used in catheters, endoscopes, analysis machines, nozzles and needles. Please do not hesitate to contact me. It is the second largest market for medical devices in the whole world. 10. The skill of Japanese doctors has helped these companies not only gain a strong reputation both at home and abroad, but also make significant technological advancements. What these three companies have in common is an ability to respond to customers needs and convert their technological know-how into world-leading medical products. Outside Japan: Approx. Boston Scientific Corp (US) 2019 Revenue: $10.73 billion. FUTA-Q President Futaku Ryozo says meeting the demands of his companys customers has helped make it a world leader in precision tubes and needles. The company also produces healthcare products for veterinary use. Its important to understand that these devices penetrate peoples bodies and must be extremely precise, Futaku says. Japan with an aging population and one of the world's highest national life expectancies is a prime market for medical devices. CUORiPS is a company developing new medical care based on world's cutting-edge technology originated in Japan. VP Shinjiro Sato, President, Cardiac and Vascular Company Shouji Hatano, President, General Hospital Company David Perez, President and CEO, Japanese Traditional "Ku. The average. 70,000. Our cutting-edge platform uses machine learning to provide regulatory intelligence, application preparation, submission and approvals management globally. Japan's aging population and strong history of adopting new medical technologies have fueled the growth of the Japanese market for medical devices. has an exclusive reach and standing within the medical device manufacturing industry Our CommitmenTo consistently manufacture quality surgical, . Medical aesthetics include products and procedures designed to improve a person's appearance. As the Japanese consultative body for the technical committee of four 1990:Name changed to Japan Association of Medical and Material Industries (JAMMI) 1979: Japan Artificial Organ Industry Association (JAOIA) established. Japan stands as the world's second-biggest medical device market, after the US. Representatives of Japanese companies like Omron Healthcare, Teremo Corp, Shimadzu Corp, Sysmex Corp, Horiba India, Hitachi India, Toshiba, Cura Healthcare and the Japan Federation of Medical Devices Association, and the first secretary at the Embassy of Japan in India attended the November 8 meeting. Tooba Beauty Tools Co Ltd Info Email Web Phone Yokkaichi 7045-899 Chikusa Komono-cho Mie Gun. Here, Medical Imaging Technology identifies and profiles the top ten diagnostic imaging device manufacturers globally, based on their revenue. Official websites use .gov The medical device industry gains substantial societal expectations, and our responsibility is greatly expanding than ever before. Clicking on the following button will update the content below. Terumo Corp. 07.26.17 $4.7 Billion KEY EXECUTIVES: Yutaro Shintaku, President and CEO Hiroshi Matsumura, Director and Exec. The list ranks companies according to their annual medical device and product sector-specific sales (in U.S. dollars). Japan is a highly sophisticated "top 5" medical device market. Close. We werent in the medical field at first, but a company we knew went into the medical business and we responded to what they needed. A truly global company, Abbott does business in over 150 countries around the world. Program Analyst Sony Electronics 4.1 New York, NY 10010 (NoMad area) Due to varying update cycles, statistics can display more up-to-date Such rapid growth should continue well into the next century, offering tremendous opportunities for U.S. medical device manufacturers. Storytelling and expertise from marketers. Statista assumes no Chairman We are working on developing the business of new medical devices based on medical device marketing know-how cultivated in PIA, as well as the leading-edge technology of the heart simulator. APDF readeris available from Adobe Systems Incorporated. Address552-1, Kodamachokyoei Business typeManufacturer Interhof Co Ltd liability for the information given being complete or correct. All links below are in Japanese. First and foremost, I would like to express my deepest condolences and sympathies to those directly affected by the COVID-19 pandemic and their families. These medical equipment companies have made a significant impact in the world market. 6-14-5 Ginza Chuo-ku Tokyo 104-0061 Golf Chains . A&T Corporation ACOMA MEDICAL INDUSTRY CO., LTD. AIIM JAPAN Co., Ltd. AIR SUPPORT CO., LTD. AIR WATER INC. AMTEC CO., LTD. ARKRAY, Inc. ASAHI KASEI MEDICAL CO., LTD. ASUKA ELECTRIC CO., LTD. ATOM MEDICAL CORPORATION Chikyujinclub Co. Ltd. Accucheck Active test strips2. Environmental changes posed by COVID-19 give a solid impetus to extend the co-creation mindset from the competition framework. A lock ( Demand for orthopaedics is booming as the aging Japanese population looks to remain active.. The company focuses on the development, production . Manufacturing Business License that covers registration of a manufacturing business focusing on medical devices, drugs, quasi-drugs, and cosmetics. With increased sales of diagnostic X-ray systems in Japan, the medical systems segment rose by 1.6% on a year-on-year basis. This course is essential for anyone wanting to bring a medical device or IVD to market in Japan, and also for employees in R&D, regulatory, quality and compliance functions. . BMI Research estimated that Japan's medical device market will exhibit a CAGR of 4.5% in yen terms from 2018 to 2023. Category with the largest domestic production value share, Medical device revenue in Japan 2016-2026, Medical device revenue in Japan 2016-2026, by segment, Production value of medical devices Japan 2011-2020, Share of medical device production value Japan 2020, by category, Number of medical device manufacturers Japan 2020, by production value, Hospital devices and equipment market size Japan FY 2011-2019, Average capital investment per general hospital Japan FY 2020, by purpose, Sales of medical device and pharmaceutical goods Japan FY 2020, by type, Domestic sales of national medical device and pharma goods Japan FY 2020, by type, Overseas sales of medical device and pharmaceutical goods Japan FY 2020, by type, Wholesale value of medical devices Japan FY 2020, by customer type, Value of medical device imports to Japan 2011-2020, Share of medical device imports Japan 2020, by category, Share of medical device imports Japan 2020, by region, Value of medical device exports from Japan 2011-2020, Share of medical device exports from Japan 2020, by category, Share of medical device exports from Japan 2020, by region, Olympus Corporation's revenue FY 2012-2021, Revenue share of Olympus Corporation FY 2021, by segment, Terumo's revenue share FY 2020, by business segment, Average R&D and capital investment of medical device manufacturer FY 2014-2021, Olympus Corporation's R&D expenditure FY 2012-2021, Number of newly approved medical devices Japan FY 2014-2020, by application type, Number of newly approved medical devices Japan FY 2014-2020, by category, Number of approved new medical devices Japan FY 2011-2020, by year of submission, Number of approved generic medical devices Japan FY 2011-2020, by year of submiss, Companies with the highest number of medical device patent registrations Japan 2021, Medical diagnostics device market size Japan FY 2015-2024, PACS and related devices market size Japan FY 2019-2024, Dental device and material market size in Japan FY 2010-2019, Forecast of medical and nursing robot market size Japan FY 2021-2027, AI systems for assisting diagnoses and treatment market size Japan 2019-2025. The Japanese medical device market is one of the world's largest markets. I have seen our products save lives, says Asahi Intecc President Miyata Masahiko. Japan is currently one of the largest producers of medical devices worldwide by revenue share. Optium strips,5. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting. List of Medical Devices in Japan Companies , suppliers, manufacturers in Japan. Japan:Approx. This pursuit of perfection is how Japanese companies approach manufacturing to meet clients needs., Products with FUTA-Q components can be found in almost every country in the world, often as part of medical analysis machines, and Futaku says the companys approach is the key to its success: We dont want to say no to our clients, and we have to ensure that our products are perfect and that the customer can trust us.. Meanwhile, we need to address is that many new technologies have been rapidly evolving to the medical device field. We've been delivering Ma. In terms of revenue, Olympus Corporation and Terumo Corporation are the largest domestic medical device manufacturers. They said they werent able to do it from a technical point of view and that it wasnt necessary because the problem could be solved by surgery. Japanese doctors thought otherwise, so Asahi Intecc resolved to respond to their demands and in 1995 the company was able to produce a guidewire that suited their needs. Washington, DC 20230. Various surgical and nonsurgical procedures are utilized to handle consumers' different requirements. Summary . That's how big the aging population in Japan is. Non-Japanese companies involved in or expanding into the medical device market in Japan include Karl Storz and Siemens of Germany, plus Thermo Fisher Scientific and Intuitive Surgical from the . Are you interested in testing our corporate solutions? We offer opportunities for companies in other fields to enter the medical device industry. Germany (2) Frankfurt am Main and Hesse (2) By Category . A .gov website belongs to an official government organization in the United States. Medical Aesthetics Market Will Grow at A CAGR of 10.4% during the Forecast Period to Reach $29.43 Billion by 2029, Says "Meticulous Research". MANI was the first company in the world to make surgical needles from stainless steel and now sells its surgical needles, ophthalmic knives and dental products to over 120 countries. medical device - Germany / Find a Wholesaler in 'Frankfurt am Main and Hesse' that specialises in the 'medical device' field. The most important key figures provide you with a compact summary of the topic of "Medical device industry in Japan" and take you straight to the corresponding statistics. It has a range of 10,000 types of needles and 3,000 kinds of dental instruments. Daisaku Shoji Ltd. Info Web Phone Tokyo 7/f Ginza Ts Sankei Bldg. . Japans policies promote medical devices and healthcare projects, offering commercial opportunities for U.S. manufacturers of innovative medical devices. Secure .gov websites use HTTPS In FY2022, the GOJ allocated approximately US$ 100 million for AMEDs medical devices and healthcare projects. Which companies in this hub have the most subsidiaries? For more information, please contact office.tokyo@trade.gov, and refer to the Medical Device sector. U.S. companies that offer innovative solutions, including apps, that promote behavioral changes and monitor the progress of prognosis may find new opportunities in the Japanese market. AQUA Therapeutics Crunchbase Website Twitter Facebook Linkedin AQUA Therapeutics primarily engages in the development of therapeutic drugs for the treatment of fibrotic diseases. We organize lectures and seminars on the latest regulatory trends and facts. Our activities include sending representatives to international conferences like AdvaMed, APACMED and AHWP, as well as hosting medical device symposiums and booth exhibitions at CHINA-HOSPEQ. The Japanese medical devices market totaled $36 billion in 2017 and is expected to reach $41.5 billion by 2022, growing at a compound annual growth rate (CAGR) of 2.91 percent during the forecast period. MTJAPAN strives to fulfill our social commitment to improve the quality and efficiency of medical treatment and stable supply. Gluco Dr. strips4. However, cultural and language issues make finding good distributors difficult for "Western . According to the latest official figures from the MHLW Annual Pharmaceutical Production Statistics, the Japanese market for medical devices and materials in 2018 was approximately $26.2 billion (USD 1 / Yen 110.40). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Japan's lucrative medical device market is still the second largest in the world, ahead of China and Germany. Program|Eeo Policy|Disclaimer|Information quality Guidelines |Accessibility, official website of the international Trade Administration, Comply with and. 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