Japan Point-of-care Molecular Diagnostics Market Size & Outlook
Japan point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Japan point-of-care molecular diagnostics market highlights
- The Japan point-of-care molecular diagnostics market generated a revenue of USD 321.6 million in 2023 and is expected to reach USD 456.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 321.6 million |
| Market revenue in 2030 | USD 456.0 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, Japan accounted for 6.2% of the global point-of-care molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan point-of-care molecular diagnostics 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 401.2 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan point-of-care molecular diagnostics 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 point-of-care molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.53% in 2023. Horizon Databook has segmented the Japan point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, Japan held the second-largest revenue share of the market. The country is reported to have the largest geriatric population worldwide due to the increased life expectancy as a result of medical advancements and reduced fertility rates. This increase in geriatric population is expected to surge significantly over the coming years.
According to Japan’s Ministry of Internal Affairs and Communications, as of September 2021, about 36.4 million, or 29.1% of the country’s population, is aged 65 or above. It represents an increase of 220,000 people from 2020. Hence, the increasing geriatric population is expected to create lucrative opportunities for developing POC diagnostics and testing solutions.
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Target buyers of Japan point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular diagnostics 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 point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Japan point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
Japan Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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