Japan Blood Glucose Monitoring Market Size (2024 - 2029)

The Japan Blood Glucose Monitoring Market is projected to experience growth over the forecast period, driven by an increasing prevalence of diabetes, particularly among the aging population. The demand for blood glucose monitoring devices is rising as more individuals seek to manage their condition and avoid complications such as cardiovascular diseases and kidney disorders. Government initiatives promoting diabetes management and technological advancements in monitoring devices, which offer enhanced accuracy and user-friendliness, are further contributing to the expansion of the market.

Market Size of Japan Blood Glucose Monitoring Industry

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Japan Blood Glucose Monitoring Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 0.87 Billion
Market Size (2029) USD 1.21 Billion
CAGR (2024 - 2029) 7.00 %

Major Players

Japan Blood Glucose Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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.

Japan Blood Glucose Monitoring Industry Segmentation

Japan Blood Glucose Monitoring Market witnessed USD 0.7 billion in the current year and is anticipated to register a CAGR of over 5% during the forecast period. Japan Blood Glucose Monitoring Market is segmented into Type, Component. The report offers the value (in USD) and volume (in Units) for the above segments.

Self-monitoring blood glucose devices
Glucometer Devices
Test Strips
Lancets
Continuous blood glucose monitoring devices
Sensors
Durables (Receivers and Transmitters)
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Japan Blood Glucose Monitoring Market Size Summary

The Japan blood glucose monitoring market is poised for significant growth, driven by an increasing prevalence of diabetes, particularly type 2 diabetes, among the aging population. As Japan's demographic shifts towards a larger elderly population, the incidence of diabetes is expected to rise, necessitating enhanced monitoring and management of blood glucose levels. This trend is further supported by government initiatives promoting diabetes management and prevention, which have heightened awareness and demand for blood glucose monitoring devices. Technological advancements have also played a crucial role, with the development of more accurate and user-friendly devices featuring wireless connectivity and smartphone integration, making them more appealing to users.

The market landscape is characterized by a mix of major players and generic manufacturers, with companies like Dexcom, Medtronics, and Abbott leading in continuous glucose monitoring (CGM) devices. Recent collaborations and regulatory developments, such as Kakao Healthcare's partnership with Dexcom and Terumo's updated indication for the Dexcom G6 CGM System, highlight the dynamic nature of the market. These advancements are expected to drive growth, as they enhance the convenience and effectiveness of diabetes management solutions. The market's expansion is further supported by the increasing adoption of real-time continuous glucose monitoring apps, which improve blood glucose control and help mitigate the complications associated with diabetes.

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Japan Blood Glucose Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Drivers

    3. 1.3 Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Self-monitoring blood glucose devices

      1. 2.1.1 Glucometer Devices

      2. 2.1.2 Test Strips

      3. 2.1.3 Lancets

    2. 2.2 Continuous blood glucose monitoring devices

      1. 2.2.1 Sensors

      2. 2.2.2 Durables (Receivers and Transmitters)

Japan Blood Glucose Monitoring Market Size FAQs

The Japan Blood Glucose Monitoring Market size is expected to reach USD 0.87 billion in 2024 and grow at a CAGR of 7% to reach USD 1.21 billion by 2029.

In 2024, the Japan Blood Glucose Monitoring Market size is expected to reach USD 0.87 billion.

Japan Blood Glucose Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)