Market revenue in 2024 | USD 162.3 million |
Market revenue in 2030 | USD 253.8 million |
Growth rate | 7.7% (CAGR from 2024 to 2030) |
Largest segment | Energy systems |
Fastest growing segment | Robot Assisted Systems |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Energy systems was the largest segment with a revenue share of 25.94% in 2024. Horizon Databook has segmented the Japan laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The Japanese market held a significant share in 2020, which can be attributed to the use of advanced technologies and numerous government initiatives. The government imposes a Statutory Health Insurance System fee schedule and provides subsidies to the insurers & providers as well as local government bodies.
More than 1,700 municipal governments run modules of long-term care insurance and Public Health Insurance System (PHIS) for residents. Around 47 Japanese regions have implemented these regulations and developed regional healthcare delivery via funds allocated by the national government. The improving regulatory environment in Japan is expected to increase penetration of U.S. medical firms during the forecast period.
Currently, foreign companies are still facing challenges with pricing and reimbursement. The government of Japan initiated a new pricing policy the Foreign Average Price (FAP) to reduce reimbursement rates of medical devices. In 2014, the government changed FAP rule and revised the reimbursement policies.
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