Japan Portable Medical Devices Market Size & Outlook
Japan portable medical devices market, 2018-2030 (US$M)
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Japan portable medical devices market highlights
- The Japan portable medical devices market generated a revenue of USD 3,254.8 million in 2023 and is expected to reach USD 7,021.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 3,254.8 million |
| Market revenue in 2030 | USD 7,021.9 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Japan accounted for 4.7% of the global portable medical 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 portable medical 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 10,354.9 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan portable medical devices 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 portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.85% in 2023. Horizon Databook has segmented the Japan portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the lucrative markets for portable medical devices in the Asia Pacific region. Various factors such as availability of advanced products, growing awareness regarding patient monitoring devices, and presence of well-established companies are expected to boost the market growth. Cardiovascular disease is a major cause of mortality and morbidity in Japan.
According to the Ministry of Health, Labour and Welfare of Japan, approximately 162 men per 100,000 population died due to heart disease in Japan, in 2018, accounting for an increase from approximately 135 men per 100,000 inhabitants in 2007. Heart diseases, apart from hypertensive heart diseases, were the second leading cause of death in the country's male population in 2018, after malignant neoplasms.
Therefore, the increasing prevalence of such diseases is anticipated to boost the market demand for portable medical devices over the forecast period. Investments by several companies in developing advanced products and greater adoption of new technology as compared to other low-income Asian countries are among the factors anticipated to drive the market during the forecast period.
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Our clientele includes a mix of portable medical devices 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 portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Japan portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan portable medical devices market size, by product, 2018-2030 (US$M)
Japan Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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