To: Daniel Schuh who wrote (83120 ) 6/28/2000 5:55:00 PM From: Ilaine Read Replies (1) | Respond to of 108807
More inconvenient data: >>The Japanese market for medical equipment and supplies in one of few sectors where the United States enjoys a trade surplus with Japan. U.S. trade surplus has been increasing since 1991. In terms of yen value, the trade surplus for this sector with Japan reached 409 billion yen in 1997 from 362 billion yen in 1996. This market is also one of few industries in Japan which showed steady growth despite the sluggish Japanese economy in recent years. The domestic market for this sector reached approximately 1,937 billion yen in 1997, compared to 1,456 billion yen in 1996 and 1,336 billion yen in 1995. Imports amounted to 750 billion yen in 1997, compared to 709 billion yen in 1996 and 588 billion yen in 1995. Although the imports showed only 5.8% annual increase in 1997 as compare to 20.5% in 1996 and 17.5% in 1995, U.S. products continued to attract Japanese buyers and physicians. Of total imports, U.S. products valued at 502 billion yen accounted for 67% of total imports and 26% of the total market in 1997, compared to 64% and 22.8% respectively in 1996. Major imported products include catheters, related supply for diagnostic X-ray, pacemakers, artificial joints, diagnostic X-ray equipment, MRI systems, laser surgical equipment cardiac valve prosthesis, etc. An annual growth rate of only 2% is estimated for the domestic market. However, imports from the United States are expected to see a steady annual growth rate of the 5 to 10% level since U.S companies are major exporters of innovative medical devices. In addition, expected deregulation measures agreed between U.S. and Japan should further increase the access for innovative U.S. medical devices to Japanese market.<< corporateinformation.com