The Japanese home medical equipment market is anticipated to grow at a CAGR of 6.2% during the forecast period. The high prevalence of chronic diseases and high geriatric population base in the country is one of the major factors for the significant demand for home medical equipment in the country. Moreover, favorable government policies are supporting the home medical equipment industry in Japan. For instance, Japan introduced LTCI (Long-Term Care Insurance) in 2000 under which people aged over 65 years and people with 40-64 years of age with age-related diseases are entitled to avail of long-term care services at home or in facilities, irrespective of income level and availability of family caregiving. However, the lack of nursing care workers in Japan is one of the major challenges for the healthcare industry. 

The Japanese home medical equipment market is segmented based on the type and distribution channel. By type, it is further sub-segmented into diagnostic and monitoring devices, therapeutic devices, mobility care devices, and medical furniture. Diagnostic and monitoring devices holds a major market share in the country. The diagnostic and monitoring devices include blood pressure monitoring devices, glucose monitoring devices, oxygen & airflow monitoring devices, temperature monitors, baby monitors, and others. Other include pregnancy and ovulation kits, INR self-monitors HIV kits, among others. The therapeutics devices include dialysis equipment, respiratory equipment, cold therapy system, insulin delivery equipment, and others. Respiratory equipment is expected to hold a major market share in the therapeutic device segment. Mobility care devices include wheelchairs, mobility scooters, and walkers, rollators, canes, & crutches. Medical furniture sub-segment includes bathroom safety furniture and bedroom safety furniture. Based on the distribution channel, the market is bifurcated into online and offline channels. 

Some of the key players of the Japanese home medical equipment market include A&D Co. Ltd., Abbott Laboratories, Cardinal Health Inc., F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Takeda Consumer Healthcare Co. Ltd., and Suzuki Motor Corp. The market players are considerably contributing to the market growth by adopting various strategies including mergers, and acquisitions, collaborations, and funding, to stay competitive in the market. 

Research Methodology

The market study of the Japanese home medical equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for medical equipment manufacturers & distributors, start-ups, seed funders, venture capitalists, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Japan Home Medical Equipment Market Research and Analysis by Type
2. Japan Home Medical Equipment Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Japan home medical equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japan home medical equipment market.
• Insights about market determinants that are stimulating the Japanese home medical equipment industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.