Japan Anesthesia Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Japan Anesthesia Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

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

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.

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