Japan Pediatric Magnetic Resonance Imaging (MRI) Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
Japan's Pediatric Magnetic Resonance Imaging (MRI) Market: Types and Industry Requirements
Japan's pediatric imaging market is experiencing significant growth, with projections indicating a rise from USD 361.8 million in 2020 to USD 638.4 million by 2027, reflecting a compound annual growth rate (CAGR) of 8.4%. Within this sector, Magnetic Resonance Imaging (MRI) stands out as a pivotal modality, offering detailed insights into pediatric conditions without the risks associated with ionizing radiation.
In the broader Asia Pacific region, the pediatric MRI market was valued at USD 670.85 million in 2022 and is anticipated to reach USD 1,077.81 million by 2028, growing at a CAGR of 8.2%. This growth underscores the escalating demand for advanced diagnostic tools tailored for younger populations.
For industry stakeholders aiming to penetrate or expand within Japan's pediatric MRI market, understanding the regulatory landscape is crucial. The Pharmaceuticals and Medical Devices Agency (PMDA) oversees medical device approvals in Japan. Devices are categorized based on risk, influencing the approval pathway:
Class I (Lowest Risk): Examples include X-ray film and scalpels.
Class II (Moderately Low Risk): Encompasses devices like digestive catheters and MRI systems.
Class III (High Risk): Covers items such as dialyzers and artificial bones.
Class IV (Highest Risk): Includes pacemakers and drug-eluting stents.
MRI systems, typically falling under Class II, undergo a certification process that generally spans 3-6 months. Key steps in this process include:
Pre-submission Consultation: While optional, it's recommended, especially for novel devices.
Application Submission: Comprehensive documentation detailing the device's specifications and intended use.
Initial and Detailed Reviews: Assessments by the PMDA to ensure completeness and evaluate technical and clinical data.
GMP Inspection: Verification of the manufacturer's adherence to Good Manufacturing Practices.
Final Evaluation and Approval: Upon satisfactory reviews, the device receives marketing authorization.
Documentation must be submitted in Japanese, emphasizing the importance of collaboration with local regulatory experts. Additionally, manufacturers must align with Japan's Quality Management System (QMS) standards, akin to ISO 13485, with certifications valid for five years and subject to annual audits.
Despite the market's growth, challenges persist. A study analyzing claims for pediatric sedated MRI from fiscal years 2018 to 2020 revealed that only 0.35% of total MRI scans utilized the additional fees for sedation. This low uptake suggests stringent requirements or potential underutilization of sedation services, highlighting areas for policy improvement to enhance access and safety.
In conclusion, Japan's pediatric MRI market presents substantial opportunities for growth and innovation. However, success in this domain requires a thorough understanding of regulatory processes, a commitment to quality standards, and an awareness of current challenges in clinical practice. By addressing these factors, industry players can effectively contribute to the advancement of pediatric healthcare in Japan.
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Siemens Healthineers AG
Hamilton Medical
Neoscan Solutions GmbH
Hyperfine
LMT Medical Systems GmbH
Advanced Imaging Research
SREE Medical Systems
General Electric Company
Champaign Imaging LLC
Koninklijke Philips NV
Fujifilm Holdings Corporation
GE Healthcare
Philips Healthcare
Canon Medical Systems
Hitachi Medical Systems
Bruker Corporation
Esaote S.p.A.
Hologic
Inc.
Mindray Medical International Limited
United Imaging Healthcare
Fonar Corporation
Medtronic
Time Medical Systems
Xoran Technologies
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Pediatric Magnetic Resonance Imaging (MRI) Market
Conventional MRI
Functional MRI (fMRI)
Diffusion Tensor Imaging (DTI)
Magnetic Resonance Angiography (MRA)
Magnetic Resonance Spectroscopy (MRS)
Neurological Disorders
Musculoskeletal Disorders
Cancer Diagnostics
Cardiovascular Applications
Open MRI Systems
Closed MRI Systems
High-field MRI Systems
Low-field MRI Systems
Pediatric Hospitals
Diagnostic Imaging Centers
Research Laboratories
Specialized Clinics
Gadolinium-based Agents
Iron-based Agents
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Pediatric Magnetic Resonance Imaging (MRI) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Pediatric Magnetic Resonance Imaging (MRI) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Pediatric Magnetic Resonance Imaging (MRI) Market, By Type
6. Japan Pediatric Magnetic Resonance Imaging (MRI) Market, By Application
7. Japan Pediatric Magnetic Resonance Imaging (MRI) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Pediatric Magnetic Resonance Imaging (MRI) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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