TechNavio today published its report Medical Devices Market in Japan 2010“2014 based on an in-depth study. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Healthcare team said, The present trend in the medical industry is the use of Minimally Invasive Surgeries (MIS). This has been gaining popularity because of its advantages such as less pain, faster recovery, meager blood loss, and cost saving. Advanced medical devices such as endoscopy, biopsy, and diabetes devices are all MIS based. As a result of growing popularity of MIS, these devices have witness increased demand.
According to the report, the Japanese Government has implemented a five-year strategy plan for creation of innovative drugs and medical devices in 2007, which includes the increase in R&D spending, promotion of start-ups, improved clinical trials, expedited reviews, and reviewed the reimbursement pricing system. This plan has organized the healthcare industry in Japan into a proper structure, which is helpful in accelerating its growth across all medical sectors, majorly the medical devices market.
The report also discusses that one of the major challenges in the Japan Medical Devices market is the delays in regulatory approval.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/medical-devices-market-japan-2010-2014
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TechNavio Announces the Publication of its Report “ Medical Devices Market in Japan 2010“2014
