Japan Electrophysiology Devices Market Size & Outlook
Japan electrophysiology devices market, 2018-2030 (US$M)
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Japan electrophysiology devices market highlights
- The Japan electrophysiology devices market generated a revenue of USD 514.9 million in 2023 and is expected to reach USD 1,322.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 14.4% from 2024 to 2030.
- In terms of segment, ablation catheters was the largest revenue generating device in 2023.
- Ablation Catheters is the most lucrative device segment registering the fastest growth during the forecast period.
Electrophysiology devices market data book summary
| Market revenue in 2023 | USD 514.9 million |
| Market revenue in 2030 | USD 1,322.8 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Ablation catheters |
| Fastest growing segment | Ablation Catheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Catheters, Laboratory Devices, Access Devices, Ablation Catheters |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Abbott Laboratories, Johnson & Johnson, BIOTRONIK, GE Aerospace, Siemens Healthineers AG ADR, MicroPort Scientific Corp, Koninklijke Philips NV |
Other key industry trends
- In terms of revenue, Japan accounted for 5.1% of the global electrophysiology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China electrophysiology devices 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 931.4 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan electrophysiology devices 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 electrophysiology devices market will help companies and investors design strategic landscapes.
Ablation catheters was the largest segment with a revenue share of 46.69% in 2024. Horizon Databook has segmented the Japan electrophysiology devices market based on diagnostic catheters, laboratory devices, access devices, ablation catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has one of the most rapidly aging populations globally. In September 2022, Japan’s population declined by 820,000, while the number of seniors aged 65 years and older increased by 60,000, reaching a record total of 36.27 million individuals.
This surge in the senior population marked a 0.03% increase from 2021, representing the highest growth rate recorded thus far. As people age, they become more susceptible to cardiac arrhythmias and other heart-related conditions.
This demographic trend is a significant driver for the EP devices market, as there is a growing need for diagnostic and therapeutic interventions for cardiac rhythm disorders. The prevalence of cardiac arrhythmias, particularly AFib, is increasing in Japan., which can be attributed to factors like sedentary lifestyles, changing dietary habits, and the aging population.
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Our clientele includes a mix of electrophysiology devices 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 electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into Japan electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan electrophysiology devices market size, by application, 2018-2030 (US$M)
Japan Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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