Japan Blood Glucose Monitoring Market Size

Japan Blood Glucose Monitoring Market Analysis

The Japan Blood Glucose Monitoring Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.21 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

As of April 2023, the JMDC database housed information from around 16 million patients, encompassing both healthy individuals and a specific subset dedicated to patients with diabetes mellitus. Individuals who have both type 2 diabetes (T2D) and metabolic syndrome are at a higher risk of developing cardiovascular disease in comparison to those with T2D but without metabolic syndrome.

While Type 1 diabetes is caused by an immune system malfunction, Type 2 diabetes is linked to leading a sedentary lifestyle, which results in the development of inherent resistance to insulin. Hence, Type 1 diabetes can be characterized as insulin-requiring, while Type 2 diabetes can be characterized as insulin-dependent diabetes. Japan has one of the largest elderly populations in the world which is more susceptible to the onset of type 2 diabetes. As Japan's population continues to age, the prevalence of diabetes increases as well. The monitoring and management of blood glucose levels are on the rise, to avoid negative consequences, such as cardiovascular diseases, kidney disorders, and many other conditions.

The rising number of diabetes cases in Japan is fueling the growth of the market for blood glucose devices in several ways. Firstly, as the prevalence of diabetes increases, there is a greater demand for blood glucose monitoring devices among individuals with the condition. This has led to an increased adoption of these devices, driving the market growth.

Secondly, the Japanese government has been actively promoting diabetes management and prevention programs, which has further contributed to the growth of the market. These programs often emphasize the importance of regular blood glucose monitoring, leading to an increased awareness and demand for blood glucose devices.

Additionally, advancements in technology have led to the development of more accurate and user-friendly blood glucose devices. These devices often come with features such as wireless connectivity, smartphone integration, and continuous glucose monitoring, making them more convenient and appealing to individuals with diabetes. The availability of such advanced devices has also contributed to the market growth.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.