Japan Diabetes Care Devices Market Size
| Study Period | 2017- 2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2023 - 2028 |
| Market Size (2023) | USD 8.22 Billion |
| Market Size (2028) | USD 9.56 Billion |
| CAGR (2023 - 2028) | 3.07 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Diabetes Care Devices Market Analysis
The Japan Diabetes Care Devices Market size is estimated at USD 8 billion in 2023, and is expected to reach USD 9.56 billion by 2028, growing at a CAGR of 3.07% during the forecast period (2023-2028).
The COVID-19 pandemic has had a substantial impact on the diabetes care devices market. The prevalence of diabetes in people hospitalized with COVID-19 infection and the recognition that improved glycemic control might improve outcomes and reduce the length of stay in patients with SARS-CoV-2 have underlined the importance of diabetes care devices. A retrospective analysis was presented at the virtual 81st Scientific Sessions of the American Diabetes Association® (ADA) which showed diabetes was the main risk factor for the accelerated advancement to a severe state in Japanese COVID-19 patients.
Throughout the pandemic, diabetes has persisted as a significant risk factor for COVID-19. In hospitalized patients with diabetes and COVID-19, one in 10 people died within seven days of admission.
The pandemic also highlighted opportunities for continuing and expanding innovations in the delivery of diabetes care, through virtual consultations between healthcare providers and people with diabetes, and the use of diabetes technology. Crisis management has created unprecedented interest in remote care from both patients and providers and removed many long-standing regulatory barriers. Thus, the COVID-19 outbreak increased the Japanese diabetes care device market's growth.
Diabetes has emerged as a global epidemic, Japan has around 11 million people with diabetes according to IDF 2021 data. 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.
Japan Diabetes Care Devices Market Trends
The continuous glucose monitoring segment is expected to witness the highest growth rate over the forecast period
The continuous glucose monitoring segment is expected to register a CAGR of more than 11% over the forecast period.
To use a CGM, a small sensor is inserted into the abdomen or arm with a tiny plastic cannula penetrating the top skin layer. An adhesive patch holds the sensor in place, allowing it to take glucose readings in interstitial fluid throughout the day and night. Generally, the sensors must be replaced every 7 to 14 days. A small, reusable transmitter connected to the sensor allows the system to send real-time readings wirelessly to a monitor device that displays blood glucose data. Some systems contain a dedicated monitor, and some display the information via a smartphone app.
Continuous glucose monitoring sensors use glucose oxidase to detect blood sugar levels. Glucose oxidase converts glucose to hydrogen peroxidase, which reacts with the platinum inside the sensor, producing an electrical signal to be communicated to the transmitter. Sensors are the most important part of continuous glucose monitoring devices. Researchers are trying to find and develop alternatives to electrochemical-based glucose sensors and create more affordable, minimally invasive, and user-friendly CGM sensors. Optical measurement is a promising platform for glucose sensing. Some technologies with high potential in continuous glucose sensing are reported, including spectroscopy, fluorescence, holographic technology, etc. Eversense, a CGM sensor based on fluorescence sensing developed by Senseonics Company, presents a much longer lifespan than electrochemical sensors. Technological advancements to improve the sensor's accuracy are expected to drive segment growth during the forecast period.
The frequency of monitoring glucose levels depends on the diabetes type, which varies from patient to patient. Type-1 diabetic patients need to check their blood glucose levels regularly to monitor their blood glucose levels and adjust the insulin dosing accordingly. The current CGM devices show a detailed representation of blood glucose patterns and tendencies compared to a routine check of glucose levels at set intervals. Furthermore, the current continuous glucose monitoring devices can either retrospectively display the trends in blood glucose levels by downloading the data or give a real-time picture of glucose levels through receiver displays. Continuous glucose monitoring devices are becoming cheaper with new technologies, like cell phone integration. It is likely to drive the segment growth during the forecast period.
Insulin cartridges in reusable pens occupied the highest share in the management devices segment in the current year
Insulin cartridges in reusable pens occupied the highest market share of about 68% in the management devices segment in the current year.
Insulin cartridges in reusable pens are an upgraded version of insulin vials. Most types of insulins are manufactured in the form of cartridges, making them easily accessible. These devices include all the functional benefits of reusable pens and are cost-effective, as these cartridges are less expensive compared to disposable insulin pens in the long run.
Due to the increasing demand for insulin cartridges, most insulin device manufacturers produced reusable insulin pens compatible with various insulin manufacturers' cartridges. These insulin cartridges are considered more consumer-friendly, as they are smaller and less noticeable than the classic vial-and-syringe. These devices are also more portable for consumers. Open cartridges do not need to be refrigerated, making storage easy for consumers. Thus, cartridges are the most cost-effective insulin use, as reusable pens are a one-time investment, unlike disposable pens.
Diabetes is identified as a healthcare priority by the Ministry of Health, Labour, and Welfare. The high prevalence of type 2 diabetes is associated with a significant economic burden. The costs of diabetes are increased in patients with co-morbidities such as hypertension and hyperlipidemia and in patients who develop complications. Costs increase with an increasing number of complications. Well-organized medical insurance systems cover all medical fees for diabetes mellitus, and people with diabetes can visit doctors freely in Japan. Also, insulin therapy by self-injection became legal and is covered by health insurance. Such advantages helped the adoption of these products in the Japanese market.
Japan Diabetes Care Devices Industry Overview
The Japanese diabetes care devices market is moderately fragmented, with major manufacturers like Roche, Abbott, Novo Nordisk, Dexcom, Medtronic, etc., and other region-specific manufacturers.
Japan Diabetes Care Devices Market Leaders
Abbott Diabetes Care
Medtronic PLC
Novo Nordisk A/S
Roche Diabetes Care
Dexcom Inc.
*Disclaimer: Major Players sorted in no particular order
Japan Diabetes Care Devices Market News
- June 2022: Sanofi and Health2Sync announced they would work on new features, such as connected caps for insulin products. It would automatically record delivered doses, rather than requiring them to be logged manually, and titration alerts from the app to indicate when a change in insulin dose may be required.
- March 2022: Quantum Operation Inc., a Tokyo-based healthcare IoT startup, presented the world’s first non-invasive glucose monitor capable of continuous measurement. It measures the blood sugar from the wrist without any pricks.
Japan Diabetes Care Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Management Devices
5.1.1 Insulin Pump
5.1.1.1 Insulin Pump Device
5.1.1.2 Insulin Pump Reservoir
5.1.1.3 Infusion Set
5.1.2 Insulin Syringes
5.1.3 Cartridges in Reusable Pens
5.1.4 Insulin Disposable Pens
5.1.5 Jet Injectors
5.2 Monitoring Devices
5.2.1 Self-monitoring Blood Glucose
5.2.1.1 Glucometer Devices
5.2.1.2 Blood Glucose Test Strips
5.2.1.3 Lancets
5.2.2 Continuous Glucose Monitoring
5.2.2.1 Sensors
5.2.2.2 Durables (Receivers and Transmitters)
6. MARKET INDICATORS
6.1 Type 1 Diabetes Population
6.2 Type 2 Diabetes Population
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Abbott Diabetes Care
7.1.2 F. Hoffmann-La Roche Ltd
7.1.3 LifeScan
7.1.4 Arkray
7.1.5 Ascensia Diabetes Care
7.1.6 Sanofi
7.1.7 Dexcom
7.1.8 Medtronic
7.1.9 Novo Nordisk A/S
7.1.10 Becton Dickinson
7.1.11 Eli Lilly
7.1.12 Ypsomed Holding AG
7.1.13 Insulet Corporation
7.1.14 Terumo
- *List Not Exhaustive
7.2 Company Share Analysis
7.2.1 Self-monitoring Blood Glucose Devices
7.2.1.1 Abbott Diabetes Care
7.2.1.2 LifeScan
7.2.1.3 Others
7.2.2 Continuous Glucose Monitoring Devices
7.2.2.1 Dexcom Inc.
7.2.2.2 Medtronic PLC
7.2.2.3 Others
7.2.3 Insulin Devices
7.2.3.1 Insulet Corporation
7.2.3.2 Novo Nordisk A/S
7.2.3.3 Others
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Japan Diabetes Care Devices Industry Segmentation
Diabetes care devices are the hardware, equipment, and software used by diabetes patients to regulate blood glucose levels, prevent diabetes complications, lessen the burden of diabetes, and enhance the quality of life. The Japan Diabetes Care Devices Market is segmented into management devices (insulin pumps (insulin pump devices, insulin pump reservoirs, and infusion set), insulin syringes, insulin cartridges in reusable pens, disposable insulin pens, and jet injectors), and monitoring devices (self-monitoring blood glucose (glucometer devices, blood glucose test strips, and lancets) and continuous glucose monitoring (sensors and durables (receivers and transmitters))). The report offers the value (in USD million) and volume (in units million) for the above segments.
| Management Devices | |||||
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| Insulin Syringes | |||||
| Cartridges in Reusable Pens | |||||
| Insulin Disposable Pens | |||||
| Jet Injectors |
| Monitoring Devices | |||||
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Japan Diabetes Care Devices Market Research FAQs
How big is the Japan Diabetes Care Devices Market?
The Japan Diabetes Care Devices Market size is expected to reach USD 8.22 billion in 2023 and grow at a CAGR of 3.07% to reach USD 9.56 billion by 2028.
What is the current Japan Diabetes Care Devices Market size?
In 2023, the Japan Diabetes Care Devices Market size is expected to reach USD 8.22 billion.
Who are the key players in Japan Diabetes Care Devices Market?
Abbott Diabetes Care, Medtronic PLC, Novo Nordisk A/S, Roche Diabetes Care and Dexcom Inc. are the major companies operating in the Japan Diabetes Care Devices Market.
Japan Diabetes Care Devices Industry Report
Statistics for the 2023 Japan Diabetes Care Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Diabetes Care Devices analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
