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 |
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 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 Size Summary
The Japan anesthesia devices market is poised for significant growth, driven by an increase in surgical procedures requiring anesthesia and the rising prevalence of chronic diseases among the aging population. Japan's demographic shift, with a rapidly growing geriatric population, is expected to elevate the demand for medical devices, including anesthesia equipment. This trend is further supported by the increasing incidence of chronic conditions such as cardiovascular and neurological disorders, which necessitate more surgical interventions and, consequently, a higher utilization of anesthesia devices. The market is characterized by the integration of advanced functionalities in anesthesia monitors, which enhance patient monitoring and provide critical insights during surgeries, thereby supporting market expansion.
The competitive landscape of the Japan anesthesia devices market is consolidated, with a few major players holding significant market shares. Companies such as B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare are key contributors to the market's dynamics. The growing number of cardiovascular surgeries in Japan further underscores the increasing demand for anesthesia monitors, as these devices are essential for ensuring patient safety and effective anesthesia delivery during complex procedures. As the market continues to evolve, these factors are expected to drive sustained growth in the coming years.
Japan Anesthesia Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in the Number of Surgical Procedures Requiring Anesthesia
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1.2.2 Increasing Prevalence of Chronic Diseases Coupled with Growing Geriatric Population
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1.3 Market Restraints
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1.3.1 High Cost of Equipment
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1.3.2 Difficulties Associated with the Usage of Anesthesia Devices
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Anesthesia Machines
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2.1.1.1 Anesthesia Workstation
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2.1.1.2 Anesthesia Delivery Machines
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2.1.1.3 Anesthesia Ventilators
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2.1.1.4 Anesthesia Monitors
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2.2 By Disposables and Accessories
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2.2.1 Anesthesia Circuits (Breathing Circuits)
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2.2.2 Anesthesia Masks
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2.2.3 Endotracheal Tubes (ETTs)
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2.2.4 Laryngeal Mask Airways (LMAs)
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2.2.5 Other Disposables and Accessories
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Japan Anesthesia Devices Market Size 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.