Japan Digital X-Ray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Japan Digital X-Ray Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Japan digital X-ray market was valued at USD 430.55 million in 2021 and is projected to register a CAGR of 9.5% during the forecast period (2022-2027).

The COVID pandemic had an adverse effect on the digital x-ray market growth. The number of cervical, breast, lung, and stomach screening procedures declined by over 10% in May 2020 compared to the prior year, according to the Japan Cancer Association (JCA). Additionally, on April 6, 2020, the Japanese Society for Cardiovascular Surgery published a Statement on SARS-CoV-2 Infection Measures on its website, which suggested delaying surgery for stable patients due to a shortage of hospital and staff resources and transferring a patient to another hospital nearby for necessary surgery if resources were not available. The aforementioned instances hindered Japan's market for digital x-ray devices in the early stages of the pandemic; nevertheless, by 2021, the nation had taken all required measures to strengthen its economic activity and return medical procedures to their pre-pandemic levels. Similar to this, the majority of diagnostic and screening facilities have returned to regular operations and are rescheduling screening appointments for patients who missed diagnostic scans owing to the emergency situation in Japan. As a result, substantial future growth is anticipated for the market for digital x-ray devices.

The market for digital x-ray devices is expanding in Japan due to factors such as the growing prevalence of chronic diseases, technological advancements in the field of imaging, and the investment from various organizations are also contributing to the growth of the studied market. According to a research study titled "Prediction of sudden cardiac death in Japanese heart failure patients: international validation of the Seattle proportional risk model," published in March 2020, there may be an increase in the diagnosis of heart-related disorders. Heart failure is linked to an increased risk of sudden cardiac death, and the cumulative incidence of sudden cardiac death (SCD) was 3.4% in the Japanese Heart Failure (HF) registry.

In Japan, there are numerous advancements happening in the market for digital X-rays, including new launches and approvals, partnerships, collaborations, mergers, and acquisitions. For instance, the cutting-edge mobile X-ray system "MobileArt Evolution MX8 Version" was introduced to the Japanese and international markets by Shimadzu Corporation in April 2021. The MobileArt Evolution MX8 Version makes radiography possible for patients who are difficult to move to an X-ray room by bringing the system to the patient's bedside. Patients with heart conditions benefit more from these gadgets. Furthermore, to reduce the cost of medical scanning, Japan-based Nanox developed digital X-ray equipment that was inspired by Star Trek in January 2020. The device combines cloud services and AI to provide quick, inexpensive, preventive screenings for clinics and hospitals. Similarly, FUJIFILM bought the diagnostic imaging division of Hitachi in March 2021, on order to expand its diagnostics business abroad. Hence, the above developments are further expected to improve the market growth in thhe forecast period.

Key Market TrendsCancer Segment is Expected to Hold a Significant Market Share Over the Forecast Period

The rise in prevalence of cancer disorders, increase in technological developments, and more applications of digital X-ray equipment in diagnosing different types of cancer cases are the major factors attributing to the growth of this segment in Japan. The overall number of cancer cases in Japan in 2020 had risen to 1,028,658 instances, according to the Globocan 2020 report, which was issued by the International Agency for Research on Cancer. The market expansion for digital X-ray devices for diagnostics is anticipated to be boosted by the increased prevalence of cancer conditions. The market for digital x-rays is seeing a number of advancements in Japan, including new launches and partnerships. For instance, Preferred Networks Inc. created a deep learning-based tool for analyzing chest X-ray images in October 2020 with assistance from Kyoto Prefecture, Kyoto Medical Association, and Nobori Ltd., a Japanese provider of cloud-based medical information solutions. This tool can help doctors diagnose lung cancer. Additionally, in July 2020, Shimadzu Medical Systems and Konica Minolta Healthcare Americas Inc. formed a joint venture to speed up the commercialization of dynamic digital radiography (DDR). Such strategic alliances will bolster the production of digital X-ray devices in the country, making them available across all healthcare facilities, including diagnostic centers. This is estimated to boost the adoption of digital X-ray imaging services.

Thus, it is anticipated that the introduction of such cutting-edge technical innovations and devices will further enhance market expansion in this sector.

Competitive Landscape

Japan digital x-ray market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Canon Medical Systems Corporation (Toshiba Corporation), Siemens Healthineers AG, GE Healthcare, Fujifilm Holdings Corporation, and Koninklijke Philips NV among others.

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