Market Size of Japan Insulin Infusion Pump Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 55.96 Million |
Market Size (2029) | USD 68.41 Million |
CAGR (2024 - 2029) | > 4.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Japan Insulin Infusion Pump Market Analysis
The Japan Insulin Infusion Pump Market size is estimated at USD 53.76 million in 2023, and is expected to reach USD 65.72 million by 2028, growing at a CAGR of greater than 4.10% during the forecast period (2023-2028).
The Japanese market for diabetes insulin infusion pumps is witnessing a robust growth trajectory, fueled by the increase in diabetes cases and proactive industry initiatives, including expanding product portfolios and the increasing prevalence of diabetes.
With Japan's diabetic population on the rise, the demand for insulin infusion pumps that are crucial for managing blood glucose levels is poised for a significant uptick. Data from the IDF Diabetes Atlas highlighted the widespread prevalence of diabetes across various age brackets, with a pronounced concentration among the working-age segment. In 2022, Japan reported 5.5 thousand diabetics under 20, 43.3 thousand aged 20-59, and 30.5 thousand above 60. Such a high concentration of diabetic people in the working-age group affects the nation's healthcare expenditure. According to IDF Diabetes Atlas, Japan's diabetes cases are expected to rise further.
As the diabetic populace expands, Japan is experiencing a surge in new product introductions and guideline updates. For instance, in February 2023, Medtronic Japan Co. Ltd secured manufacturing and sales approval for the MiniMed 780G System. This marked a milestone as Japan's first insulin pump featuring the Advanced Hybrid Closed Loop technology with automatic insulin injection for basal and correction insulin.
The growing prevalence of diabetes in Japan is driving significant market growth. Market players are responding with innovative products and expanded capacities, positioning the market for continued expansion.
Japan Insulin Infusion Pump Industry Segmentation
An insulin pump is used to deliver insulin to achieve proper blood sugar control and minimize hypoglycemia's effects. The pump comprises a pump reservoir like an insulin cartridge, a battery-operated pump, and a computer chip that allows the user to control the exact amount of insulin being delivered. The pump is attached to a thin plastic tube (an infusion set) with a soft cannula (or needle) at the end through which insulin passes.
Japan’s insulin infusion pump market is segmented by component and end user. By component, the market is segmented into pump device, infusion set, and reservoir. By end user, the market is segmented into hospitals/clinics, home care settings, and others. The report offers the value (USD) for all the above segments.
By Product Type | |
Insulin Pump Device | |
Infusion Set | |
Reservoir |
By End User | |
Hospitals/Clinics | |
Home Care | |
Others |
Japan Insulin Infusion Pump Market Size Summary
The Japan insulin infusion pump market is poised for steady growth, driven by the increasing prevalence of diabetes, particularly type 1 and type 2, among the aging population and those with sedentary lifestyles. The market is characterized by the adoption of advanced insulin delivery systems, which offer more precise and less painful alternatives to traditional injection methods. Insulin pumps, which mimic the pancreas's natural insulin delivery, are becoming more popular due to their ability to maintain stable blood glucose levels and improve the quality of life for diabetes patients. Despite the benefits, the penetration of insulin pumps in Japan remains limited, with a relatively small number of users compared to the total diabetes population, indicating significant growth potential.
The market landscape is dominated by a few key players, both international and local, such as Medtronic PLC, Insulet Corporation, Ypsomed, Ascensia Diabetes Care, and Tandem Diabetes Care. These companies are actively involved in strategic initiatives, including acquisitions and product launches, to enhance their market presence and expand their product offerings. The competitive environment is shaped by the need for innovation and the integration of continuous glucose monitoring systems with insulin pumps, which are expected to drive market expansion. However, challenges such as dietary changes, lack of standardized diabetes education, and delayed treatment post-screening continue to impact the market's growth trajectory.
Japan Insulin Infusion Pump Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Rising Diabetes Prevalence in Japan
-
1.2.2 Government Support Initiatives to Construct the Spread of Diabetes
-
-
1.3 Market Restraints
-
1.3.1 Limited Awareness About the Pump and Related-Technology
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size - Value USD)
-
2.1 By Product Type
-
2.1.1 Insulin Pump Device
-
2.1.2 Infusion Set
-
2.1.3 Reservoir
-
-
2.2 By End User
-
2.2.1 Hospitals/Clinics
-
2.2.2 Home Care
-
2.2.3 Others
-
-
Japan Insulin Infusion Pump Market Size FAQs
How big is the Japan Insulin Infusion Pump Market?
The Japan Insulin Infusion Pump Market size is expected to reach USD 55.96 million in 2024 and grow at a CAGR of greater than 4.10% to reach USD 68.41 million by 2029.
What is the current Japan Insulin Infusion Pump Market size?
In 2024, the Japan Insulin Infusion Pump Market size is expected to reach USD 55.96 million.