Japan Anesthesia Devices Market Size
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.
Japan Anesthesia Devices Market Trends
This section covers the major market trends shaping the Japan Anesthesia Devices Market according to our research experts:
Anesthesia Monitors Sub-segment is Expected to Hold Significant Market Share Over the Forecast Period
Anesthesia monitors are used to record and display the delivery of anesthetic substances, like drugs, gases, and fluids to the patient. During surgeries, these are used to check the patient's health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis to aid clinicians to get better insights on their patients, is favoring the market growth.
Furthermore, according to a research study by Hideyuki Shimizu et al., published in General Thoracic and Cardiovascular Surgery Journal 2020, in Japan, in 2017 around 70,078 cardiovascular surgeries were performed including 56 heart transplants which was increased from 67,867 cardiovascular surgeries performed in 2016. Therefore the growing number of cardiovascular surgeries is expected to increase demand for anesthesia monitors during the forecast period.
Japan Anesthesia Devices Industry Overview
The Japan anesthesia devices market is consolidated competitive. In terms of market share, few of the major players currently dominate the market. Some of the major players of the market are B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare, among others.
Japan Anesthesia Devices Market Leaders
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B. Braun Melsungen AG
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Medtronic PLC
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Draegerwerk AG
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GE Healthcare
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Fisher & Paykel Healthcare
*Disclaimer: Major Players sorted in no particular order
Japan Anesthesia Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rise in the Number of Surgical Procedures Requiring Anesthesia
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4.2.2 Increasing Prevalence of Chronic Diseases Coupled with Growing Geriatric Population
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4.3 Market Restraints
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4.3.1 High Cost of Equipment
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4.3.2 Difficulties Associated with the Usage of Anesthesia Devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Anesthesia Machines
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5.1.1.1 Anesthesia Workstation
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5.1.1.2 Anesthesia Delivery Machines
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5.1.1.3 Anesthesia Ventilators
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5.1.1.4 Anesthesia Monitors
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5.2 By Disposables and Accessories
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5.2.1 Anesthesia Circuits (Breathing Circuits)
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5.2.2 Anesthesia Masks
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5.2.3 Endotracheal Tubes (ETTs)
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5.2.4 Laryngeal Mask Airways (LMAs)
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5.2.5 Other Disposables and Accessories
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 B. Braun Melsungen AG
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6.1.2 Medtronic PLC
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6.1.3 Draegerwerk AG
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6.1.4 GE Healthcare
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6.1.5 Fisher & Paykel Healthcare
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6.1.6 Koninklijke Philips NV
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6.1.7 Ambu A/S
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6.1.8 Smiths Medical
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6.1.9 Teleflex Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Japan Anesthesia Devices Industry Segmentation
As per the scope of the report, anesthesia is one of the most essential components for any surgical procedure. Anesthesia induces temporary unconsciousness and loss of protective reflexes. General anesthetic drugs suppress the activities of the central nervous system and induce a complete lack of sensation. These devices are used to deliver anesthetic agents as well as to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist to deliver, control, and monitor the dose of anesthesia.
By Product Type | ||||||
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By Disposables and Accessories | |
Anesthesia Circuits (Breathing Circuits) | |
Anesthesia Masks | |
Endotracheal Tubes (ETTs) | |
Laryngeal Mask Airways (LMAs) | |
Other Disposables and Accessories |
Japan Anesthesia Devices Market Research FAQs
How big is the Japan Anesthesia Devices Market?
The Japan Anesthesia Devices Market size is expected to reach USD 0.76 billion in 2024 and grow at a CAGR of 7.10% to reach USD 1.07 billion by 2029.
What is the current Japan Anesthesia Devices Market size?
In 2024, the Japan Anesthesia Devices Market size is expected to reach USD 0.76 billion.
Who are the key players in Japan Anesthesia Devices Market?
B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, GE Healthcare and Fisher & Paykel Healthcare are the major companies operating in the Japan Anesthesia Devices Market.
What years does this Japan Anesthesia Devices Market cover, and what was the market size in 2023?
In 2023, the Japan Anesthesia Devices Market size was estimated at USD 0.71 billion. The report covers the Japan Anesthesia Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Anesthesia Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Anesthesia Devices Industry Report
Statistics for the 2024 Japan Anesthesia Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Anesthesia Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.