Japanese medical device makers stand up to Trump tariff pressure

Terumo weighs US price hikes while Olympus says it will not shift production

20250519 Percutaneous Catheter

Medical device manufacturers produce a wide variety of products that are tailored for niche markets. (Photo by Konosuke Urata)

MITSURU OBE

TOKYO -- Japanese medical device manufacturers are showing resilience to U.S. tariff threats thanks to their specialized manufacturing expertise, focus on niche markets and pricing power.

Leading manufacturers such as Terumo and Olympus, both based in Tokyo, are expected to pass on at least some of the tariff costs to U.S. customers.

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