MedTech & Healthcare Services Sector: Impact of DX and Al adoption in healthcare: Initiatives that will lead to future market share gains are underway behind the scenes

研报英文原文证据摘录

MedTech & Healthcare Services Sector: Impact of DX and Al adoption in healthcare: Initiatives that will lead to future market share gains are underway behind the scenes

J P M O R G A N Asia Pacific Equity Research

15 July 2026

MedTech & Healthcare Services

Sector

Impact of DX and AI adoption in healthcare: Initiatives

that will lead to future market share gains are underway

behind the scenes

Digital transformation (DX) and AI use seem to have recently advanced under the Japan Equity Research

radar at healthcare facilities, and we summarize near-term implications. Within our

Medical Technologies & Services

coverage, we believe this could contribute to longer-term market share growth for

monitors and other products in Nihon Kohden’s digital healthcare solutions (DHS) Naoko Saito AC

segment, although the scale of this business is still small. In the healthcare services (81-3) 6736-8693

naoko.saito@jpmorgan.com

sector, M3 and JMDC are moving forward in using AI in various businesses, and

Seiji Wakao, Ph.D.

while we expect longer-term contributions to enhancing competitive advantages (81-3) 6736-8612

and raising the profitability of new services, we focus on higher AI-related seiji.wakao@jpmorgan.com

investment in the short term (increases in engineer hiring, AI system usage fees, JPMorgan Securities Japan Co., Ltd.

and capex).

• Implications for Nihon Kohden (6849): Nihon Kohden’s medium-term

business plan outlines a strategy to expand DHS sales by focusing on alarm

solutions for medical staff providing inpatient care and on systems that

facilitate inpatient monitoring and management. We expect the adoption of DX

and AI in healthcare services to increase from July 2026 as Japanese hospitals

use government subsidies to deploy ICT equipment and software to enhance