Japan Artificial Organs And Bionics Market Size & Outlook
Japan artificial organs and bionics market, 2018-2030 (US$M)
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Japan artificial organs and bionics market highlights
- The Japan artificial organs and bionics market generated a revenue of USD 1,179.0 million in 2022 and is expected to reach USD 2,735.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.1% from 2023 to 2030.
- In terms of segment, artificial organ was the largest revenue generating product in 2022.
- Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial organs and bionics market data book summary
| Market revenue in 2022 | USD 1,179.0 million |
| Market revenue in 2030 | USD 2,735.1 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Artificial organ |
| Fastest growing segment | Artificial bionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Artificial Organ, Artificial bionics |
| Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
Other key industry trends
- In terms of revenue, Japan accounted for 3.4% of the global artificial organs and bionics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial organs and bionics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,972.3 million by 2030.
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Artificial Organs And Bionics Market Scope
Artificial Organs And Bionics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan artificial organs and bionics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.61% in 2022. Horizon Databook has segmented the Japan artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in prevalence of chronic kidney diseases has boosted the demand for artificial organs and bionics in Japan. According to the Japan Organ Transplant Network, in 2016, around 300,000 patients relied on dialysis for normal kidney functioning, while one-third of the patients opted for kidney transplants
In December 2017, the Japanese Ministry of Health, Labor, and Welfare (MHLW) issued a policy to support transplant surgery overseas, thus, favoring market growth by granting USD 100,000 to each insured patient. Thus, owing to the abovementioned factors, the market is expected to grow at a rapid pace during the forecast period.
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Our clientele includes a mix of artificial organs and bionics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into Japan artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan artificial organs and bionics market size, by product, 2018-2030 (US$M)
Japan Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)
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