Japan Laparoscopic Devices Market Size & Outlook
Japan laparoscopic devices market, 2018-2030 (US$M)
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Japan laparoscopic devices market highlights
- The Japan laparoscopic devices market generated a revenue of USD 152.4 million in 2023 and is expected to reach USD 253.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 152.4 million |
| Market revenue in 2030 | USD 253.8 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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 |
Other key industry trends
- In terms of revenue, Japan accounted for 2.0% of the global laparoscopic 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 laparoscopic devices 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 452.8 million by 2030.
Energy systems was the largest segment with a revenue share of 26.25% in 2023. 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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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan laparoscopic devices market size, by product, 2018-2030 (US$M)
Japan Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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