Japan Blood Testing Market Size & Outlook, 2023-2030
Japan blood testing market, 2018-2030 (US$M)
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Japan blood testing market highlights
- The Japan blood testing market generated a revenue of USD 5,480.5 million in 2023 and is expected to reach USD 9,426.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, glucose testing was the largest revenue generating test type in 2023.
- Glucose testing is the most lucrative test type segment registering the fastest growth during the forecast period.
Blood testing market data book summary
| Market revenue in 2023 | USD 5,480.5 million |
| Market revenue in 2030 | USD 9,426.7 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Glucose testing |
| Fastest growing segment | Glucose testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glucose testing, A1C testing, Direct LDL testing, Lipid panel testing, Prostate-specific antigen testing, COVID-19 testing, BUN testing, Vitamin D testing, Thyroid-stimulating hormone testing, Serum Nicotine / Cotinine testing, High sensitivity CRP testing, Testosterone testing, ALT testing, Cortisol testing, Creatinine testing, AST testing, Other blood tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG ADR, Bio-Rad Laboratories Inc, BioMerieux SA, Quest Diagnostics Inc, Biomerica Inc, Becton Dickinson & Co, Siemens Healthineers AG ADR, Danaher Corp, Trinity Biotech PLC ADR |
Other key industry trends
- In terms of revenue, Japan accounted for 5.6% of the global blood testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China blood testing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,469.0 million by 2030.
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Blood Testing Market Scope
Blood Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan blood testing 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 testing market will help companies and investors design strategic landscapes.
Glucose testing was the largest segment with a revenue share of 14.25% in 2023. Horizon Databook has segmented the Japan blood testing market based on glucose testing, a1c testing, direct ldl testing, lipid panel testing, prostate-specific antigen testing, covid-19 testing, bun testing, vitamin d testing, thyroid-stimulating hormone testing, serum nicotine / cotinine testing, high sensitivity crp testing, testosterone testing, alt testing, cortisol testing, creatinine testing, ast testing, other blood tests covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is expected to witness significant growth in the near future, owing to technological advancements, local presence of leading market players, increased focus on healthcare infrastructure, and growing number of screening programs for chronic diseases.
For instance, in July 2019, Sumitomo Dainippon Pharma Co., Ltd. entered into an agreement with Drawbridge Health, Inc., by investing in the latter. Drawbridge is a healthcare technology startup business that develops blood sampling solutions to enable simplified transportation and collection of blood samples for clinical testing.
The company gained the right to use stabilization technologies developed by GE Healthcare, Inc. Therefore, increase in initiatives undertaken by various market players is expected to boost the adoption of blood testing products in the near future.
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Our clientele includes a mix of blood testing 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 blood testing market , including forecasts for subscribers. This country databook contains high-level insights into Japan blood testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan blood testing market size, by test type, 2018-2030 (US$M)
Japan Blood Testing Market Outlook Share, 2023 & 2030 (US$M)
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