Advanced Healthcare Infrastructure and High Healthcare Spending in Japan is Improving the Wearable Medical Devices Accessibility for Consumers
The wearable medical devices market in Japan is expected to expand rapidly over the coming years with the rise in awareness about wearable medical devices.
With the growing preference among the population for health tracking and becoming Proactive in devising ways to reduce the chances of severe illness and keep their metabolism balanced consumers are increasingly selecting healthier alternatives like smart health tracking watches, pods, and biosensors are a big hit in Japan as all these wearables offering a convenient way to keep a careful watch on health.
Smart Watches have become increasingly popular in Japan over the past few years. Healthcare manufacturers have responded to rising customer demand for products with all health benefits. The usefulness of these fitness devices has been acknowledged, and they are being put to work to meet the needs of modern consumers.
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Companies that conduct rapid R&D to develop new products for consumers, like Unilever, Shiseido, and many others, are highly functional. Shiseido, a Japanese cosmetic and skincare company, launched a new cruelty-free line called Baum in 2021. The manufacturer claimed that the tree provided 90% of the formula for their products.
The major drivers of growth are increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations. The continuously growing aging population in the country boost the market growth. Japan expects that more than one-third of its population will be at least 65 years old by 2055,
Emerging trends, which have a direct impact on the dynamics of the wearable medical device market, include the increasing usage of wearable biofeedback devices and the increasing adoption of cloud technology for interconnected healthcare devices.
- Rise in healthcare spending by both governments and individuals in Japan
- Increase in health awareness and a rise in the prevalence of disorders such as diabetes and hypertension are expected to augment the diagnostic & monitoring devices in Japan.
- Growing popularity of glucose monitoring devices, sleep monitoring devices, fetal monitoring & obstetric devices, and neuro monitoring devices exhibit significant market expansion.
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The Japanese wearable medical devices market for home healthcare and remote patient monitoring is large and fiercely competitive. There are a lot of international and regional companies competing in this sector.
Market leaders in the country include the likes of Teijin Group, Taiko Corporation, Nihon Kohden, and others, all of whom are working tirelessly to provide consumers with the latest and greatest innovations in their respective fields. Companies that are actively competing in the wearable medical devices market sometimes employ a combination of new product launches and the acquisition of smaller rivals to consolidate their position within the market.
- Taiko Corporation – developed wearable surgical lighting system OPELA III for doctors who have expressed that they want a lighting system that makes it easier for them to see affected areas. In pursuit of a wearable surgical lighting system that provides clear visibility, easy movement, and comfort while surgery is performed.
- Teijin Group has developed e-stitch, a series of fashionable piezoelectric wearable sensors with stitch designs that measure body motions such as extension, contraction, bending, and twisting. Soft, flexible e-stitch sensors are largely unrestricted in terms of fabric types and embroidery patterns, allowing them to be produced in highly fashionable designs.
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Wearable Medical Devices Market By Segmentation
- Wearable Monitoring and Diagnostic Devices
- Fetal and Obstetric Devices
- Wearable Fetal Monitors
- Infant Motion Sensing Monitors
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Wearable Therapeutic Medical Device
- Hearing Aid
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation
- Health and Fitness Devices
- Patient Monitoring
- Home Healthcare
- Health and Fitness
By Distribution Channel:
- Hospital Pharmacies
- Online Channels
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