Japan Ultrasound Devices Market Size & Outlook, 2023-2030
Japan ultrasound devices market, 2018-2030 (US$M)
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Japan ultrasound devices market highlights
- The Japan ultrasound devices market generated a revenue of USD 531.7 million in 2023 and is expected to reach USD 759.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 531.7 million |
| Market revenue in 2030 | USD 759.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Japan accounted for 5.4% of the global ultrasound 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 ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 759.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.13% in 2023. Horizon Databook has segmented the Japan ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
Most healthcare facilities in Japan are well-equipped with advanced and latest ultrasound technologies. In recent times, there has been a growth in the adoption of ultrasound devices in primary care centers and clinics.
This can be attributed to the launch of handheld probes at affordable prices, coupled with a growing interest shown by physicians in early clinical interventions. In 2019, Healcerion, a Korean medical device manufacturer, sold 100 units of its wireless handheld ultrasound device within a month in Japan.
Most orders were received from healthcare facilities, such as clinics and primary care centers. In June 2020, Philips announced that Lumify, its handheld ultrasound solution, is now commercially available in Japan. Moreover, a large portion of the Japanese population is aged over 65, and with increasing healthcare GDP, the adoption of imaging & diagnostic technologies is expected to grow over the forecast period.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan ultrasound devices market size, by product, 2018-2030 (US$M)
Japan Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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