A research report on Japan's surgical equipment market has been released. The market, valued at approximately US$85.98 million in 2023, is expected to expand to approximately US$172.3 billion by 2031, with an estimated compound annual growth rate of approximately 10.6%. The growing adoption of minimally invasive surgery, population aging, and advances in robotic assistance and advanced imaging technology are identified as the primary drivers of growth.
Market Research Center has released an English-language research report covering Japan's surgical equipment market from 2024 to 2031. The market was valued at approximately US$859.82 million in 2023 and is expected to expand to approximately US$1.72348 billion by 2031, with a CAGR of approximately 10.6% from 2024 to 2031. The growing adoption of minimally invasive surgery, population aging, and advances in robotic-assisted surgery and high-performance imaging technology are cited as factors supporting market growth.
The market comprises a broad range of equipment, including handheld devices, electrosurgical devices, laparoscopic surgical equipment, and wound closure devices. Wound closure devices are still considered the leading market segment.
While demand for minimally invasive surgery is rising as Japan's population ages, the adoption of robotic-assisted systems and advanced imaging technology is expected to improve surgical precision and expand the range of procedures for which these technologies can be used.
From a regulatory perspective, the safety and efficacy reviews conducted by the PMDA and MHLW, Class classification, and FMR registration for foreign companies may pose hurdles to market entry, the report notes.