Japan Microcatheter Market Size & Outlook, 2020-2027
Japan microcatheter market, 2016-2027 (US$M)
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Japan microcatheter market highlights
- The Japan microcatheter market generated a revenue of USD 60.1 million in 2020 and is expected to reach USD 90.1 million by 2027.
- The Japan market is expected to grow at a CAGR of 5.9% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
Microcatheter market data book summary
| Market revenue in 2020 | USD 60.1 million |
| Market revenue in 2027 | USD 90.1 million |
| Growth rate | 5.9% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Japan accounted for 3.3% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 96.2 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan microcatheter 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 microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.89% in 2020. Horizon Databook has segmented the Japan microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Favorable healthcare policies in Japan are one of the major driving factors for microcatheters market growth over the forecast period. The Japanese healthcare system ensures that every Japanese citizen is entitled to care throughout the country at all times, even if they are not in their home location.
Furthermore, due to such policies, authorities are also upgrading equipment and advanced care in every part of the country. Few notable upgradations include: the social security system will be reformed, and hospitals will become more specialized.
Such factors may encourage many new and key players to enter the Japanese market, thereby propelling the market growth. Moreover, the imports of medical devices in Japan is more than it exports.
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Our clientele includes a mix of microcatheter 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 microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Japan microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan microcatheter market size, by product design, 2016-2027 (US$M)
Japan Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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