Market Size of Japan Diabetes Care Devices Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.73 Billion |
| Market Size (2029) | USD 2.44 Billion |
| CAGR (2024 - 2029) | 7.26 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Diabetes Care Devices Market Analysis
The Japan Diabetes Care Devices Market size is estimated at USD 1.73 billion in 2024, and is expected to reach USD 2.44 billion by 2029, growing at a CAGR of 7.26% during the forecast period (2024-2029).
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 prevalence of diabetes in japan has become a significant health concern, driving the demand for diabetes devices. With lifestyle changes, including sedentary behavior, unhealthy eating habits, and an aging population, Italy has witnessed a steady increase in the number of individuals diagnosed with diabetes. According to recent statistics, japan ranks among the Asia countries with a high prevalence of diabetes, with both type 1 and type 2 diabetes contributing to the burden of the disease.
As the diabetes population continues to grow in Japan, there is a parallel surge in the need for effective management and treatment options. Diabetes devices play a crucial role in controlling blood sugar levels and preventing complications associated with diabetes. These medications are favored by many patients due to their convenience, ease of administration, and ability to improve glycemic control.
The demand for diabetes devices reflects the necessity for accessible and efficient treatments to combat the escalating diabetes epidemic in Japan.
