Japan Healthcare Robotics Market: Current Analysis and Forecast 2019-2025

Report Description

The Japan Healthcare Robotics market stood at US$ 1,796.1 million in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019-2025. The common medical robots used are the ones which can be surgeon driven. There are autonomous surgical robots also available in the market, wherein robots can operate independent of human control. The autonomous robotics are specifically designed to suture or stitch up soft tissue. Campaigners of robot-assisted systems boast of better patient outcomes through better pre-operative planning and improved execution. There is a perceived advantage of robotic surgery, i.e. it could be less painful, early recovery, early return to work and patient safety if used appropriately. The disadvantages could be listed as increased complications during the surgeon’s learning curve, high blood loss, misalignment of prosthesis, costs and unpredictable results.

Japan Healthcare Robotics Market Snapshot

Healthcare has witnessed an exponential growth in technology to address the growing aging population with the decreasing number of physicians and health-care workers in Japanese market. Top players around the globe are tracking this effect and are investing on technology to come up with innovative robotic technology to cater all the need of elderly population. In addition, continued improvement in efficacy, adaptability, and cost reduction has stimulated increased interest in robotic-assisted surgery.

“Robotic technology is majorly applied for general medical services, other being Health Monitoring and Care services”

Based on the application/practice area where robotic technology is applied, the report segments the market into medical service, Health Monitoring and Care services. Medical robotics has been progressively revolutionizing treatment for at least the past two decades. Now, the human rare has reached the stage where a robot could be a regular member of the medical staff across the country, taking a patient’s pulse, scanning vital signs, taking pictures and even reading case notes. Then, this information is sent to a nurse practitioner or a physician’s assistant, who can advise the doctor as to the patient’s condition.

“Surgical Robotic System was the major used product segment in Japan in 2018” however, by 2025, Rehabilitation Robotic System is expected to overtake surgical robotic system”

Based on product type, the market is segmented into Surgical Robotic System, Rehabilitation Robotic System, Diagnostic Robotics, Hospital & Pharmacy Robotic System and Other Robotic System. In 2018, surgical robotics dominated the market, however, increasing elderly population would demand more of Rehabilitation Robotic System. Owing to this factor, the segment is expected to lead the market by 2025. At the present stage of development, robotic surgery seems to offer some definite benefits. It remains to be seen whether these benefits will outweigh the associated costs over the long term. With advances in robotic technology, future surgical robots will be smaller, less expensive, and easier to operate, which may ultimately facilitate their acceptance in surgery and help to improve their clinical use.

“Amongst application, general surgery held the major share in 2018 and has been anticipated to maintain its lead in 2025.”

On the basis of application, the Japan Healthcare Robotics market is segmented into General Surgery, Gynaecology Surgery, Urology Surgery, Orthopaedic Surgery, Neurological Surgery and others. In 2018, general surgery dominated the application segment, generating revenue of US$ 696.1 million followed by Orthopaedic Surgery, Neurological Surgery, Gynaecology Surgery and Urology Surgery. The segment is expected to grow at a CAGR of XX% during the forecast period by 2025.

 Hospitals & Clinics were the largest end-user segment in 2018 and is expected to maintain the lead throughout”

Robotic helpers are making their way into Japanese hospitals to reduce the workload of human healthcare professionals. According to Japan’s robot strategy, by 2020, the government wants four in five care recipients to accept some support provided by robots. Further, Japan is at the sharp edge of population ageing. Accordingly, assistive technologies such as home monitoring robots to support care for older people are being developed. Thus, the end users like Hospitals & Clinics, Home Care and Institutional Long-term Care Providers are being motivated to adopt the medical robots as much as possible.

Japan Healthcare Robotic Market Size, by End-Users, 2018-2025 (US$ Million)

“Kanto region dominates the use of robotics technology in healthcare sector in Japan and is expected to remain dominance throughout the forecast period”

For better understanding of the overall adoption of healthcare robotics technology in Japan, deep dive analysis has been done for top populated regions in Japan. Kanto and Kinki are the most populated regions of Japan. Kanto region dominated the use of healthcare robotics in Japan. In the Kinki region, Kyoto University Hospital has the surgical unit that uses da Vinci surgical robot along with University Hospital, Kyoto Perfectural University of Medicine. Further, Department of Thoracic Surgery, Kyoto University has started to use robotic-assisted surgery and has made it standard approach. Rest of Japan includes the six remaining regions of Japan namely Hokkaido, Tohoku, Chubu, Chugoku, Shikoku and Kyushu.

Competitive Landscape-Top 10 Market Players

The major players operating in the Japanese Healthcare Robotics technology market are Intuitive surgical, Zimmer Biomet, Mazor Robotics, Accuray Incorporated, Hansen Medical Inc./Auris, Stryker corporation, Toyota Industries Corporation, Hitachi Healthcare Manufacturing, Ltd., Panasonic Corporation and Fujitsu, Ltd. These companies have adopted numerous growth strategies including innovation product launches, investment in R&D, partnership, mergers etc. to sustain in the growing Japanese Healthcare Robotics market.

Reasons to buy (The research report presents):

• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Detail analysis of the prevalence of different kinds of diseases in Japan
• Deep dive analysis of the Healthcare status in Japan
• Analysis of Medical tourism industry in Japan and different initiatives undertaken to uplift the sector
• Cost comparison of medical treatment in Japan and other major countries
• A quick review of overall industry performance at a glance
• An In-depth analysis of key industry players
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments of the technology in Europe
• Region covered: Kanto, Kinki and the rest of Japan

Customization Options:

The Japan Healthcare Robotics market can be customized for different region within Japan or for other country as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for Japanese Healthcare Robotics technology were the three major steps undertaken to create and analyse the overall market of healthcare robotic in different regions of Japan. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Japanese healthcare robotics market. After all the assumptions, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the technology. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Japanese healthcare robotic technology through company internal sources such as annual report & financial statements, performance presentations, press releases etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, IMF, Trading Economics among others were used. Data was also collected from Ministry of labor and welfare Japan.

Step 2: Market Segmentation:

After obtaining historical market size, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the Japanese healthcare robotic technology. Major segments included in the report are healthcare robotic by practice area, product, application, and end-users. Further analysis was also done for sub-segments of the major segments of Japan healthcare robotic market.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the healthcare robotics in Japan. Factor analysis was conducted using dependent and independent variable such as prevalence of diseases, growing elderly population and customer adoption rate of robotic technology for healthcare services. Also, analysis was done for the overall adoption of the technology in hospitals, clinics and home. Historical trends of the Japanese Healthcare robotic market and its year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for major segment and sub-segments under the Japanese healthcare robotics market. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and rate of adoption healthcare robots in Japan
• All percentage shares, splits, and breakdowns of major market segments and sub-segments
• Key players in major applications and markets as well as market share of each players. Also, the growth strategies adopted by these players to compete in the ever-growing healthcare robot market in Japan

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the healthcare robotic market in Japan. Data was split into several segments & sub-segments post studying various parameters and trends of major robotics solutions for healthcare sector in Japan including Surgical Robot, Rehabilitation Robot, Diagnostic Robot, Hospital & Pharmacy Robot and Other Robotic Systems. Further, end-user of healthcare robotics was also taken into consideration including Hospitals and clinics, Institutional Long-term Care Providers and Home care providers. Apart from this, analysis was done to gain knowledge about the overall adoption of robotic technology in most populated regions of Japan including Kanto, Kinki and the rest of Japan.

Main objective of the Japan Healthcare Robotic Market Study

The current & future market trends of the Japanese Healthcare Robotic Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goals of the study include:

• Analyse the current and forecast market size of Japanese Healthcare robotics in terms of value (US$)
• Analyse the current and forecast market size of major segments and sub-segments of the market. Segments  in the study include robotics solutions by practice area, product type, application, and end-users
• Define and describe the technologies and protocols used in Japan Healthcare Robotic Market
• Anticipate potential risk associated with the technology, along with customer and competitor analysis, etc.
• Define and analysis of the government regulations for Japan Healthcare Robotic Market
• Define and analyse the competitive landscape of the Japan Healthcare Robotic Market and the growth strategies adopted by the market players to sustain in the ever-growing market
• Analyse the cost effectiveness of treatment done in Japan compared to other major markets
• Analyse the overall medical tourism industry in Japan and the initiative undertaken to uplift the sector
• Analyse the prevalence of  different kinds of disease in Japan, in turn analysing the overall health status of Japanese population