U.S. Medical Technology Industry's Interest in Japan

Market share and sustainable growth are the primarily interests the United States has in Japan. With its aging population and subsequently higher medical costs the U.S. intends to position itself as a worldwide power within the medical technology arena. With only marginal growth in the past, the U.S. medical technology industry needed to acquire a viable option that would provide sustainable long-term growth. Japan was a prime target due in part to its lagging and outdated medical technology and stagnant economic growth prospects. In addition, the Japanese medical technology market is the second largest market in the world with sales of roughly $15 Billion. Even more intriguing is that rapid growth of 11% annually in Japan. By positioning itself within the Japanese market, the United States could provide Japan with a broad away of medical devices that would better service the Japanese community....
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