Health technology, or healthtech, is the application of organized knowledge and skills in digital devices, drugs, treatments, vaccines, and healthcare systems to address health issues and improve quality of life. Healthtech innovators are beginning to grasp the unique benefits of treating patients remotely.Inthis sense, as telemedicine and remote monitoring via IoT grow more popular, Japan’s medical business will gradually shift from medical institutions to households. Medical facilities would be able to reduce staffing costs as a result.
According to SPER Market Research, ‘Japan HealthTech Market Size- By Product, By Order Split, By Order Platform, By Mode of Consultation, By Payment Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ States that the Japan HealthTech Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
In Japan, a variety of sectors, including diagnostics, nursing, medical care, and preventative health, are testing and introducing the use of AI which have various advantages. Emerging growth areas include assistance for surgery, treatment, and imaging diagnosis. Medication development, genomic health, and dementia treatment. Preventive healthcare is becoming increasingly popular in Japan, where more people are using digital fitness and wellness applications to take charge of their health. Online consultations with doctors are also becoming more and more common, especially in rural areas where access to medical services may be restricted. Furthermore, telemedicine solutions, customized treatment plans, and remote monitoring technologies are being developed for digital treatment and care services.
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The Japanese healthcare system is confronted with issues such the growing need for long-term care, a shortage of geriatric medicine specialists, rising costs due to its longer life expectancies, and an increase in the prevalence of age-related disorders. With the prospect for falling profits at home and the limited use of wearable technology, electronic health records, and online medical care, it is more crucial than ever to concentrate on bolstering exports. The government has been under pressure from numerous businesses and groups to boost life science funding and boost exports to developing nations.
Impact of COVID-19 on Japan HealthTech Market
The COVID-19 global pandemic has spurred innovation across all aspects of our lives.However, nowhere is this more apparent than in our attempts to safeguard our bodily well-being. Not an exception is made in Japan, which is well-known for having outstanding universal health care and one of the longest life expectancies in the world. The nation has produced a wealth of inventions in the last year to combat the epidemic and strengthen the resilience of the healthcare system. Japanese companies are introducing novel solutions in fields including robotic surgery, telemedicine, and Internet of health devices, which are made possible by legislative adjustments.
Japan HealthTech Market Key Players:
Out of all the most number of hospital facilities with tech are in Tokyo region of Japan, which are followed by regions like Hokkaido, Kanto, Chubu and Chugoku. Some of the major players in the healthtech sector of Japan are Air Doctor Japan, BELLUNA Co Ltd, CureApp Inc, Kao Corporation, M3 Inc, Medley Inc, Phybbit Ltd, Plaid Inc, PT Medica Teknika Kimia, Symax Inc, Others.
Japan HealthTech Market Segmentation:
By Product: Based on Product, Japan HealthTech Market is segmented as;Healthcare IT Systems (Clinical Management System, Hospital Management System, Laboratory Management System, Pharmacy Management System), Online Consultation, Online Pharmacy.
By Order Split: Based on Order Split, Japan HealthTech Market is segmented as; Non-Pharmaceutical Products and Medical Devices, OTC Drugs, Prescribed Drugs.
By Order Platform: Based on the Order Platform, Japan HealthTech Market is segmented as; Web Browser, Mobile Application.
By Mode of Consultation: Based on the Mode of Consultation, Japan HealthTech Market is segmented as; Audio Consultation, Chat Consultation, Video Consultation.
By Payment Type: Based on the Payment Type, Japan HealthTech Market is segmented as; Annual License, Subscription Based.
By Region: This report offers data concerning the significant regional segments, including the Hokkaido, Tohoko, Kanto, Chubu, Chugoku.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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