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Japan to provide medical services overseas by 2020

Publication Date : 29-12-2013

 

The Japanese government will likely start providing Japanese-style medical facilities and services—including the establishment of cancer centres, the dispatch of doctors and the introduction of remote image diagnosis—in 16 countries by the end of 2020, it was learned Saturday.

It plans to offer 29 medical projects overseas, mainly to Asian and Middle Eastern nations, as part of efforts to promote Japan’s medical expertise and equipment worldwide, according to government sources.

The government plans to first conduct on-site studies and promote Japanese-style medical services through cooperation between the public and private sectors.

The government has included 1 billion yen (US$9.5 million( in the 2014 budget for research expenses related to each project.

The project is part of the government’s growth strategy to advance into international medical markets.

According to its growth strategy approved in June, the government plans to establish about 10 medical hubs in foreign countries, through which it aims to acquire new overseas markets for the medical equipment industry, which has high growth potential.

The government has set a target of tripling the size of the market for related Japanese companies to 1.5 trillion yen ($14.2 billion) in 2020.

Given the present circumstances, the market size is expected to exceed the target amount, and the number of countries to set up the hubs will likely increase, the sources said.

Japanese medical corporations and national university hospitals, as well as medical equipment manufacturers and consulting firms, are among those who will join the projects to set up the hubs. The government plans to sell facilities and services in a package that includes technical guidance and medical equipment.

The government will subsidise capital investment by such companies and organisations.

The Ministry of Health, Labor and Welfare will likely allow medical corporations to finance hospitals overseas in the near future.

 

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