Market Size of Japan Anesthesia Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.76 Billion |
| Market Size (2029) | USD 1.07 Billion |
| CAGR (2024 - 2029) | 7.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Anesthesia Devices Market Analysis
The Japan Anesthesia Devices Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.07 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).
There are certain factors that are driving the market growth includes a rise in the number of surgical procedures requiring anesthesia and the increasing prevalence of chronic diseases coupled with the growing geriatric population.
The growing burden of diseases chronic diseases along with the rising geriatric population in Japan is likely to lead to increased demand for medical devices. Japan has the world's fastest aging population. According to the World Ageing 2019 report, estimates that the number of the population who are above 65 years of age in Japan was 35.524 million (28%) in 2019 which is projected to reach 37.278 million (30.9%) in 2030. As the number of geriatric population is expected to increase in coming years who are more prone to chronic diseases such as cardiovascular diseases, neurological disorders, and other diseases which ultimately rises surgical procedures and increases the use of anesthesia devices which shows a positive impact on the market. Thus, owing to the above-mentioned factors it is expected to increase demand for anesthesia devices during the forecast period.
