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Ageing and the Impact on Japan’s IVD Market

Japan’s large and mature IVD market is one of the slowest-growing markets in the APAC region, with a forecasted annual growth rate hovering slightly above 1% from 2018 to 2023.

But one major trend – population ageing, is underlying many of the opportunities arising in Japan’s IVD market. Healthcare needs of Japan’s ageing population is a core driver in many of the high-growth segments in the country’s IVD market, and companies need to pay close attention. 

In this report “Ageing and the Impact on Japan’s IVD Market”, EIU Healthcare examines how key reforms and regulatory changes have shifted local market dynamics and the opportunities emerging from the changes. In particular, how the Class 2 hospital market has emerged as a key customer segment that will drive the next phase of growth for IVD companies.

Key insights:

  • Strong growth in age-related IVD test segments as the government strengthens emphasis on the role of preventive care through diagnostic and screening tests to manage burgeoning healthcare costs: EIU Healthcare anticipates some of the biggest growth potential in cardiac, cancer and diabetes related IVD test segments.
  • Increased adoption and use of digital pathology solutions in IVD laboratories to manage the strain on healthcare resources: EIU Healthcare expects the annual growth rate of the digital pathology market in Japan over the next few years, to almost double that of the APAC region.

Download the report to find out:

  • Overall market size in 2018 and growth outlook (2018-2023) for Japan’s IVD market
  • How the ageing trend is expected to drive growth in the country’s overall IVD market
  • How the ageing trend is expected to drive adoption and use of digital IVD solutions, e.g. digital pathology
  • Key market segments in centralised diagnostics (CEDx), molecular diagnostics (MDx), point-of-care (POC) diagnostics, tissues diagnostics (TDx) and next-generation sequencing (NGS) with the biggest growth potential under Japan’s ageing trend

For more data and insights on the surgical market, find out more about EIU Healthcare’s IVD Gateway.