The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including product type and end-user.
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Japan Diabetes Care Devices Market drivers:
The growing awareness associated with diabetes treatment and management, coupled with the increasing government emphasis on improving the healthcare sector, are certain factors driving the growth of the Japan diabetes care devices market. According to the IDF, 463 million people have diabetes worldwide, out of which 163 million people in the Western Pacific region have diabetes. This number is expected to increase and touch 212 million by 2045. The incidence of diabetes in adults is 7.9 %, while the total number of cases of diabetes in adults amounted to 7,390,500.
As per the health survey conducted by the Ministry of Health, Welfare, and Labor, approximately 20 million people in Japan have either contracted or were at risk of getting diabetes in 2016. The increasing number of diabetes patients in Japan is one of the major factors accelerating the growth of the market during the forecast period. Japan is experiencing an upsurge in the number of older people, who are more vulnerable to diabetes, and the growth in obesity owing to lack of physical activities and unhealthy diet patterns are some other factors supporting the growth of the market. In addition to this, constant technological advancements in diabetes devices have created various new opportunities for market growth. Additionally, the growing need for faster and safer diagnosis and treatment of diabetes is further propelling the market growth. On the other hand, the adverse effect regarding some of the diabetes care devices will hinder the growth of the market.
Japan Diabetes Care Devices Market Segmentation:
According to the report published by GMI Research, titled “Japan Diabetes Care Devices Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:
By Product Type:
- Blood Glucose Monitoring Device
- Insulin Delivery Device
- Homecare Setting
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