Market Size of Japan Respiratory Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Respiratory Devices Market Analysis
The Japan respiratory devices market is expected to register a CAGR of 9.6% over the forecast period.
The outbreak of the pandemic positively impacted the Japanese respiratory devices market. For instance, according to a study by the Japanese Respiratory Society published in July 2021, persons with underlying respiratory disease were more susceptible to COVID-19 infection and mortality. It also stated that among COVID-19 patients, the prevalence of asthma, chronic obstructive pulmonary disease (COPD), and interstitial lung diseases (ILD) was 3.4%, 4.8%, and 1.5%, respectively. Furthermore, it also reported that COVID-19 patients having chronic obstructive pulmonary disease or interstitial lung diseases had relatively high mortality, especially for interstitial lung diseases. Therefore, such instances indicate that the demand for respiratory devices increased during the pandemic in Japan; thereby, the market witnessed considerable growth during COVID-19. However, currently, the market has reached its pre-pandemic nature in terms of demand for respiratory devices and is expected to witness strong growth in the coming years.
The key factors propelling the market growth include the increasing prevalence of respiratory disorders and technological advancements in the devices. For instance, as per the study from PubMed published in June 2021, the prevalence of chronic obstructive pulmonary disease (COPD) in Japan was around 8.6-10.9%. Similarly, as per the article from MDPI Journal published in August 2022, compared to a prevalence of 7.9-17.0% among adults in their 30s in the general population, the prevalence of sleep apnea was unexpectedly high at 14.0-86.5% in Japan during 2022. Respiratory devices generally help patients in need of support for breathing, removal of carbon dioxide, and therapy to reduce disuse atrophy of abdominal wall muscles. Therefore, increasing cases of respiratory diseases are expected to surge the demand for respiratory devices, thereby propelling the market growth over the forecast period.
However, the high cost of equipment is likely to hinder the market growth over the forecast period.
