
Conor Stewart
Research expert covering health & pharmaceuticals in the UK & Europe
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In the fiscal year 2024, ** medical devices were newly approved by the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan, of which *** were generic medical devices. The PMDA functions as a regulatory agency for pharmaceutical products and medical devices and works with Japan's health ministry.
With a diverse array of products ranging from diagnostic equipment to therapeutic devices, Japan's medical device industry has solidified its position as a key player in the sector. Following **, , and **, Japan currently ranks among the top four global players concerning revenue in the medical device industry.聽At the forefront of Japan's medical device manufacturing are companies like **** and Terumo Corporation. While ** is renowned for its dominance in the gastrointestinal endoscope field and commands a significant share of the global market, cardiac and vascular solutions represent Temuro's largest business segments.
Japan's dedication to research and development is exemplified by initiatives such as the Japan Agency for Medical Research and Development (AMED), which fosters innovation in medical devices. In fiscal 2023, the聽research and development expenditure of the AMED amounted to over ****billion Japanese yen. Japan's medical device聽market is likely to grow further in the future, as the country continues to focus on investments in research and development.
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* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.