Japan Wound Closure And Advanced Wound Care Market Size & Outlook
Japan wound closure and advanced wound care market, 2018-2030 (US$M)
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Japan wound closure and advanced wound care market highlights
- The Japan wound closure and advanced wound care market generated a revenue of USD 36.5 million in 2023 and is expected to reach USD 52.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, hydrocolloids-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 36.5 million |
| Market revenue in 2030 | USD 52.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocolloids-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, Japan accounted for 2.6% of the global wound closure and advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India wound closure and advanced wound care 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 68.4 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan wound closure and advanced wound care 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 wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Hydrocolloids-based sealants was the largest segment with a revenue share of 28.49% in 2023. Horizon Databook has segmented the Japan wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
The rising geriatric population is one of the major driving factors for the market growth in Japan. According to World Bank, in 2016, Japan had over 26.5% of its population aged over 65 years. As geriatric population are at a higher risk of various diseases and disabilities, increase in geriatric population may propel the demand for wound closure & advanced wound care products.
In addition, with increasing healthcare spending, the wound closure & advanced wound care market is expected to register substantial growth in Japan. For instance, in 2008, Japan spent 8.6% of GDP on healthcare, whereas expenditure on healthcare had increased to 10.2% of GDP in 2015.
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Our clientele includes a mix of wound closure and advanced wound care 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 wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Japan wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
Japan Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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