# Japan’s Healthcare Market Poised for Stability After Ishiba’s Election Amidst Aging Population Issues

- Link: https://www.thailand-business-news.com/health/166607-japans-healthcare-market-poised-for-stability-after-ishibas-election-amidst-aging-population-issues
- Published: 2024-10-09T06:28:00+07:00
- Author: News Desk

**Japan’s new Prime Minister Shigeru Ishiba is expected to stabilize the healthcare
market and promote growth in health expenditures while accelerating adoption of 
digital health technologies amid challenges from an ageing population.**

## Key View 

 * Japan’s election of new Prime Minister Shigeru Ishiba will support stability 
   within the healthcare market and promote steady health expenditure growth over
   the 2023-2028 period.
 * We expect Ishiba to support and accelerate Japan’s adoption of digital health
   technologies including artificial intelligence-driven tools and telemedicine.
 * Japan’s ageing population will be a key challenge for Ishiba and any future leadership,
   as demand for care and health expenditure will continue to rise significantly.

**Japan’s election of new Prime Minister (PM) Shigeru Ishiba will support stability
within the healthcare market and promote steady health expenditure growth over the
2023-2028 period.** Ishiba was elected president of the ruling Liberal Democratic
Party (LDP) on September 27 2024, succeeding Fumio Kishida, who stepped down due
to declining approval ratings. Ishiba defeated Economic Security Minister, Sanae
Takaichi and seven other rivals. The new PM has called an early general election
for October 27 2024, well ahead of the October 2025 deadline.

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Our Country Risk team believes that Ishiba is well-placed to maintain the LDP’s 
majority, although the party might lose a small number of seats to its main opposition,
the Constitutional Democratic Party of Japan. With the LDP likely to maintain its
majority, Japan’s healthcare market would benefit from continued political and policy
stability. This stability will help to sustain recent trends within the sector, 
including steady growth in health expenditure and the increasing adoption of digital
health technologies within the healthcare system. 

Japan’s healthcare market is poised for increased stability following the anticipated
election of Shigeru Ishiba, who has a deep understanding of the nation’s pressing
healthcare challenges. As Japan faces a rapidly aging population, with nearly one-
third of its citizens aged 65 and over, the demand for sustainable healthcare solutions
is paramount. Ishiba’s leadership is expected to prioritize reforms that address
the needs of this demographic, ensuring that quality care becomes more accessible.

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Ishiba’s policy proposals focus on enhancing the efficiency of healthcare delivery
systems and expanding investment in medical technology. This strategic approach 
aims to optimize resources and reduce the financial burden on both patients and 
the government. By fostering innovation in healthcare practices, Japan can better
equip itself to handle the complexities associated with an aging society, including
increased chronic health conditions and long-term care requirements.

Moreover, a stable healthcare market under Ishiba’s leadership will likely attract
both domestic and foreign investments. Investors are increasingly recognizing Japan’s
potential for growth in sectors such as telemedicine and elder care services. This
influx of investment can further strengthen the healthcare infrastructure, ensuring
that it evolves to meet the needs of the population, ultimately contributing to 
a healthier and more resilient society.
[Read More](https://www.fitchsolutions.com/bmi/healthcare/japans-healthcare-market-see-stability-following-ishiba-election-amid-ageing-population-01-10-2024)