Japan Biosensors Market Size & Outlook, 2022-2030
Japan biosensors market, 2018-2030 (US$M)
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Japan biosensors market highlights
- The Japan biosensors market generated a revenue of USD 885.8 million in 2022 and is expected to reach USD 1,571.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 885.8 million |
| Market revenue in 2030 | USD 1,571.7 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Electrochemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Japan accounted for 3.3% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biosensors 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 787.5 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan biosensors 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 biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 72.61% in 2022. Horizon Databook has segmented the Japan biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
For encouraging investments in Japan, the government offers various incentives and single operating contacts in the agencies and relevant ministries for support in reference to operate or run business in Japan.
For instance, tax incentives for research and development activities, under which a certain amount of R&D expense by the private expense is deducted from their corporate tax they are obliged to pay. Furthermore, the World Congress on Biosensors and Bioelectronics is supposed to be held at Otsuka in Japan from 29 to 30 September 2020.
As per the National Health and Nutrition Survey, 2016, prevalence of hypertension among men is 60% and 40% in women aged 40-74 years. Thus, government incentives for encouraging investment by companies in Japan, increasing awareness initiatives, and rising prevalence of hypertension among the population of Japan are few factors contributing toward the growth of biosensors market in Japan.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Japan biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biosensors market size, by technology, 2018-2030 (US$M)
Japan Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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