Japan Blood Cancer Diagnostics Market Size & Outlook
Japan blood cancer diagnostics market, 2018-2030 (US$M)
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Japan blood cancer diagnostics market highlights
- The Japan blood cancer diagnostics market generated a revenue of USD 575.0 million in 2023 and is expected to reach USD 957.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Research & Manufacturing is the most lucrative end use segment registering the fastest growth during the forecast period.
Blood cancer diagnostics market data book summary
| Market revenue in 2023 | USD 575.0 million |
| Market revenue in 2030 | USD 957.6 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Research & Manufacturing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Research & Manufacturing |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Roche Holding AG, Qiagen NV, Becton Dickinson & Co, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, Hologic Inc, Koninklijke Philips NV, Illumina Inc |
Other key industry trends
- In terms of revenue, Japan accounted for 5.5% of the global blood cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan blood cancer diagnostics 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 592.9 million by 2030.
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Blood Cancer Diagnostics Market Scope
Blood Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan blood cancer diagnostics 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 blood cancer diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 68.14% in 2023. Horizon Databook has segmented the Japan blood cancer diagnostics market based on hospitals, outpatient facilities, research & manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
Japan blood cancer diagnostics market is expected to witness rapid expansion, propelled by the government's substantial investments aimed at combating the country's escalating cancer burden. This surge in cancer prevalence is due to Japan's rapidly aging demographics, with one of the highest median ages worldwide at 44 years.
For instance, in January 2021, Illumina partnered with Otsuka Pharmaceuticals to develop and commercialize an IVD genomic profiling testing kit for patients in Japan with blood cancers. Such partnerships are anticipated to drive market growth in the region.
In another development, in May 2022, Hitachi High-Tech formed a strategic partnership with Invivoscribe, a leading provider of blood cancer testing kits and services, by investing in the company through a minority shareholding.
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Our clientele includes a mix of blood cancer diagnostics 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 blood cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Japan blood cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan blood cancer diagnostics market size, by end use, 2018-2030 (US$M)
Japan Blood Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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