Japan Vital Signs Monitoring Market Size & Outlook
Japan vital signs monitoring market, 2018-2030 (US$M)
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Japan vital signs monitoring market highlights
- The Japan vital signs monitoring market generated a revenue of USD 485.5 million in 2023 and is expected to reach USD 921.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Vital signs monitoring market data book summary
| Market revenue in 2023 | USD 485.5 million |
| Market revenue in 2030 | USD 921.3 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, Japan accounted for 4.9% of the global vital signs monitoring market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea vital signs monitoring 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 359.6 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.32% in 2023. Horizon Databook has segmented the Japan vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
In Japan, all residents are covered under the country’s universal health insurance policy. The plan covers ambulatory, extended care, prescription drugs, most dental care, and hospital care. For medical devices, the reimbursement plan is based on the categories of medical device.
Vital sign monitors may be classified as thermometers falling under class F devices, which are not reimbursed, BP monitors and pulse oximeters may be classified as class A or B devices which are needed immediately and are reimbursable.
Japan’s medical device market is considered the third largest medical device market following the U.S. and European market. Hence it may be very lucrative market for vital sign monitors manufacturers.
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Our clientele includes a mix of vital signs monitoring 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 vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Japan vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan vital signs monitoring market size, by product, 2018-2030 (US$M)
Japan Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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