Japan Peripheral Intervention Drug-Eluting Devices Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The Japan Peripheral Intervention Drug-Eluting Devices Market is experiencing rapid growth due to the increasing prevalence of peripheral artery diseases (PAD) and the rising demand for advanced medical technologies. This market encompasses various types of drug-eluting devices used in peripheral interventions, such as drug-eluting stents and balloons, which are designed to deliver therapeutic drugs directly to the affected area. These devices are critical in reducing restenosis rates, a major concern in PAD treatments. The demand for such devices has grown significantly due to their ability to improve long-term outcomes and reduce the need for repeat procedures.
The need for Peripheral Intervention Drug-Eluting Devices in Japan is being driven by several factors, including the aging population and a higher rate of lifestyle diseases such as diabetes and hypertension. As these conditions contribute to the development of PAD, the market for drug-eluting devices is expected to expand further. In addition, advancements in medical technologies have made these devices more effective and accessible, which has further spurred market demand. The technology behind these devices involves using specific drugs that prevent the growth of scar tissue, thus lowering the risk of restenosis and improving the overall success of the procedure.
Industries that require Peripheral Intervention Drug-Eluting Devices include hospitals, clinics, and specialized cardiovascular centers. The healthcare sector in Japan is particularly keen on adopting these devices, as they align with the country's focus on improving patient outcomes through minimally invasive procedures. Moreover, the Japanese government has been supportive of these advancements by increasing healthcare expenditure, which has in turn facilitated greater access to these life-saving devices. Research and development by leading medical device manufacturers are also contributing to the innovation and improvement of these devices, further driving demand in the market.
As the Japan Peripheral Intervention Drug-Eluting Devices Market continues to grow, it faces challenges such as high device costs, regulatory hurdles, and the need for ongoing innovation. However, the market's potential for improving patient outcomes and addressing the growing healthcare needs in Japan remains a key driver for the industry's future development.
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Medtronic plc
Boston Scientific Corporation
Abbott Laboratories
Cardinal Health
B. Braun Melsungen AG
Biosensors International Group Ltd.
C.R. Bard
St. Jude Medical
The Lubrizol Corporation
Terumo Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Peripheral Intervention Drug-Eluting Devices Market
Drug-Eluting Stents (DES)
Bare-Metal Stents (BMS)
Coronary Artery Disease (CAD)
Peripheral Artery Disease (PAD)
Varicose Veins Treatment
Critical Limb Ischemia (CLI)
Hospitals
Ambulatory Surgical Centers (ASCs)
Cardiovascular Clinics
Research and Academic Institutes
Stainless Steel
Cobalt-Chromium
Direct Sales
Distributors and Wholesalers
Online Sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Peripheral Intervention Drug-Eluting Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Peripheral Intervention Drug-Eluting Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Peripheral Intervention Drug-Eluting Devices Market, By Type
6. Japan Peripheral Intervention Drug-Eluting Devices Market, By Application
7. Japan Peripheral Intervention Drug-Eluting Devices Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Peripheral Intervention Drug-Eluting Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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