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Who are the top medical device manufacturers in Japan in 2020?

Author: Valerie Zhang
Posting date: 17/11/2020
Top 10 medical device companies in Japan

黑料视频

Japan stands as one of the world's top contributors to the medical devices market. medical devices market in Japan is predicted to grow by JP楼695 billion (US$6.65 billion) between 2020-2024. This innovative industry continues to expand against the background of an ageing population and the unmet needs for minimally invasive treatment.  

We have ranked the leading medical device companies in Japan by 2019 revenue, looking at their medical devices segment results only. The list below shows the top 10 leading Japanese medical device companies in 2020: 

10. Shimadzu Corporation

Shimadzu Corporation is a Japanese company that specialises in manufacturing precision instruments, measuring instruments and medical equipment such as X-ray TV systems and angiography systems. With increased sales of diagnostic X-ray systems in Japan, the  on a year-on-year basis. 

9. Menicon

In ninth position is Japan's largest contact lens manufacturer, Menicon. founded in 1951 and now operating in over 80 countries. In 2019, the company鈥檚 total . 

8. Konica Minolta

Japanese multinational, Konica Minolta, is a technology company headquartered in Marunouchi, Tokyo. Konica Minolta鈥檚 in fiscal 2019. At the start of 2020, the FDA approved the company鈥檚 new dynamic X-ray system that enables the visualisation of lung functions, this is expected to boost the company鈥檚 earnings in the next fiscal year. 

7. Omron

Established in 1933, Omron's primary business is the manufacturing and sale of automation鈥痗omponents, equipment and systems, but it is generally known for鈥痬edical equipment鈥痵uch as digital鈥痶hermometers,鈥 blood pressuremonitors鈥痑nd鈥痭ebulizers and holds an impressive 50% global market share of home blood pressure monitors. In fiscal 2019,  with the demand for blood pressure monitors in China, Europe and Asia remaining high. Meanwhile, demand in Japan was sluggish due to the increase in consumption tax and other factors, while in North America, demand declined too. 

6. Fukuda

Established in 1939 in Tokyo, Fukuda Denshi has today become one of the largest suppliers of medical equipment solutions in the world.  in fiscal 2019 with pacemakers and home medical equipment rentals performing well. To improve its positioning going forward, the company has formed a partnership with OMRON Healthcare to help strengthen its home-based field and overseas business. 

5. Nihon Kohden

At number five is Nihon Kohden, a leading manufacturer, developer, and distributor of medical electronic equipment, including biometric equipment, biometric information monitors, and AEDs. Sales as the overall demand for medical equipment remained steady. However, the COVID-19 outbreak adversely affected national healthcare systems, so Nihon Kohden implemented its three-year mid-term business plan, Transform 2020 with the aim of achieving the transformation to a highly profitable structure through creating high customer value and improving productivity. 

4. Sysmex

With its mission to 鈥渟hape the advancement of healthcare鈥, Sysmex has been providing customers around the world with the solutions that enable鈥痠n vitro鈥痶esting of blood and urine samples since 1968. Sales for the life science company  in 2019. 

3. Nipro

With over 29,000 employees worldwide, Nipro serves the medical device, pharmaceutical, and pharma packaging industries. Nipro鈥檚 Medical Device business develops, manufactures, and sells medical equipment for injection-infusion and dialysis treatment, and products related to diabetes and cell cultures, as well as artificial organ-related products. In 2019, net sales from fiscal 2019 due to favourable medical and pharmaceutical sales. 

2. Terumo

With nearly a century in business, Terumo is in second place. Based in Tokyo and operating globally, Terumo employs more than 25,000 worldwide to provide innovative medical solutions in more than 160 countries. The company started as a Japanese thermometer manufacturer and today it is a strong in cardiovascular areas such as catheters and stents. In fiscal 2019, due to the relatively strong performance and the fact that the impacts of the global COVID-19 pandemic felt during the fourth quarter were minimal. 

1. Olympus

Beating Terumo to the top spot is Olympus. With the top share (over 70%) in gastrointestinal endoscopy, the company鈥檚 revenues . Growth was due to increased sales in for its Endoscopic Solutions Business, Therapeutic Solutions Business and Scientific Solutions Business. In 2019, announced its business transformation plan 鈥淭ransform Olympus鈥 in January 2019 to develop itself as a truly global med tech company. Going forward, Olympus is working to achieve sustainable growth based on this management strategy. 

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