Japan Guidewires Market Size & Outlook, 2023-2030
Japan guidewires market, 2018-2030 (US$M)
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Japan guidewires market highlights
- The Japan guidewires market generated a revenue of USD 139.3 million in 2023 and is expected to reach USD 220.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Peripheral guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
Guidewires market data book summary
| Market revenue in 2023 | USD 139.3 million |
| Market revenue in 2030 | USD 220.7 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Peripheral guidewires |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, Japan accounted for 5.4% of the global guidewires market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China guidewires 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 171.0 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan guidewires 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 guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 42.64% in 2023. Horizon Databook has segmented the Japan guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
According to the OECD Library, in 2010, Japanese people were the least obese in Asia, with only about 3.5% of the total population suffering from obesity. However, in the recent years, diet has changed in the country and predominantly includes commercially produced fast food. The prevalence of obesity increased to 3.7% in 2015.
This is expected to increase the prevalence of cardiovascular and metabolic diseases in Japan, thereby boosting the demand for guidewires used in minimally invasive surgeries. Moreover, rising incidence of CHD is contributing to market growth. For instance, according to the IHME, in 2017, deaths due to stroke and ischemic heart diseases increased by 13.1% and 16.4%, respectively, compared to that in 2007.
This has created a potential patient pool in Japan, thereby fueling the demand for guidewires. Import of medical devices in Japan is higher than the export. The difference was of USD 3 million in 2017, which indicates growth opportunities for foreign manufactures in the country.
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Our clientele includes a mix of guidewires 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 guidewires market , including forecasts for subscribers. This country databook contains high-level insights into Japan guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan guidewires market size, by product, 2018-2030 (US$M)
Japan Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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