With the continuous advancements in computer sciences and telecommunication, the types of medical informatization have evolved rapidly, from simple information exchanges via telephones to the sharing of medical documentation through big data. Japan, one of the leading countries in information technology, has applied all kinds of state-of-the-art capabilities to develop and deploy national medical informatization. […]
The US, Japan and the EU are the world’s largest medtech markets. Patients have comparable buying power and they can rely on a widely available and high quality healthcare (HC) system. At the same time, the markets differ substantially in regards to care provision culture and business dynamics.
It is widely accepted that new technologies are responsible for both rising healthcare (HC) costs as well as for improved clinical outcomes. Research shows that there are substantial differences in how new products and techniques gain access to different markets, such as those in the US, Germany and Japan.
Comparing Purchasing Processes for Surgical Devices and Medical Equipment in the US, Japan and Germany
The US, Japan and Germany are the world’s largest medtech markets. Together they account for around €210 bn, or almost half of the global market. Each nation has a slightly (or vastly) individualized approach to procuring the medtech used in their healthcare system; i.e. there are varying weights granted to the participating stakeholders and decision […]
In this article, we will compare the US (with around 325 m inhabitants), Japan (130 m) and the largest European market, Germany (85 m), in terms of surgical practices, and assess the effects of the differences between these countries on the respective medtech markets.
Japan is the world’s third largest economy (based on GDP, current prices) with a GDP of €3320 bn in 2016. The economic growth of the past 5 years has averaged 0.62%. It has the second largest medtech market in the world, valued around €36.9 bn. Its pharma market in 2015 was valued around €66 bn.
In the first article of this series we looked at the organization of the hospital system which is stretched to the limit due to an aging population and an extremely well organized democratic healthcare system that focuses heavily on elderly care. In this second part, the medical devices market is explained and the impact of […]
Japan is the third largest economy in the world behind the USA and China. Japan has some of the best vital statistics in the world, including the lowest infant mortality rate and highest adult life expectancy. However, a rapidly ageing population has burdened the healthcare system both in terms of funding and facilities and is […]