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| Opportunities in Japan's Medical Equipment Market |
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Opportunities in Japan's Medical Equipment Market
 The world market for medical equipment was roughly $169 billion dollars in 2000. The Japanese market was second in size only to the U.S., and accounted for roughly 15% of the world market.
According to the Annual Report on the Survey of Pharmaceutical Industry Production compiled by the Health Policy Bureau of the Ministry of Health, Labour and Welfare, the total market for medical devices in Japan was 1,960 billion yen. (production: 1,520 billion yen, export: 400 billion yen, import: 840 billion yen).
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Growth Products for Foreign Firms:
Cardiac Pacemakers
For cardiac pacemakers, the import rate is almost 100% and, and there are a number of entrants in the market. Medtronic Japan continues to hold its place as the market leader.
Artificial Joints
The import rate for artificial joints is about 80% and the market is domi-nated by three manufacturers (Zimmer, Stryker Japan and DePuy Japan1). The market is increasing in size with the aging of the Japanese population and the according increase in cases.
Coronary Stents
 For coronary stents, the top four manufacturers (Guidant, Medtronic Japan, Johnson & Johnson and Boston Scientific) account for more than 95% of the total market, and the import rate is extremely high. Coronary stents are a device used after percutaneous transluminal coronaryangioplasty (PTCA) to reduce acute coronary stoppage and re-stricture. The number of PTCA operations being performed is rising each year, and accordingly the market for coronary stents is expanding each year. | |
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