Japan is the second largest market for medical devices after the U.S. and continues to offer business opportunities for UK companies involved in the development of innovative MedTech and medical therapeutic devices. The UK ranks among the 8 largest exporters of medical devices to Japan.
Japan’s medical devices market size was £19.8 billion in 2014 and relies heavily on imports, especially for therapeutic devices which make nearly 50% of the domestic sales volume.
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