Japan Home Medical Kit Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The Japanese home medical equipment market is experiencing significant growth, propelled by an aging population and supportive government policies. In 2019, approximately 35.9 million people aged over 65 years, accounting for 28.4% of the total population. This demographic is the primary user base for home medical equipment, driving market expansion. The market is projected to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period. citeturn0search0
Key segments within the market include:
Diagnostic and Monitoring Devices: These devices, such as blood pressure monitors, glucose monitoring devices, and oxygen & airflow monitoring devices, hold a significant market share. citeturn0search0
Therapeutic Devices: This category includes dialysis equipment, respiratory equipment, cold therapy systems, and insulin delivery equipment. Respiratory equipment is particularly prominent in this segment. citeturn0search0
Mobility Care Devices: Products like wheelchairs, mobility scooters, walkers, rollators, canes, and crutches are essential for elderly care. citeturn0search0
Medical Furniture: This includes bathroom safety furniture and bedroom safety furniture, catering to the needs of the aging population. citeturn0search0
Distribution channels are primarily divided into online and offline platforms, with online channels gaining prominence due to the convenience they offer. citeturn0search0
Government initiatives, such as the introduction of Long-Term Care Insurance (LTCI) in 2000, have significantly impacted the home medical care landscape. The LTCI provides long-term care services to individuals aged over 65 and those aged 40-64 with age-related diseases, irrespective of income level. This policy has led to an increase in in-home care services, thereby boosting the demand for home medical equipment. citeturn0search5
However, challenges such as a shortage of nursing care workers persist. The government is addressing these issues by promoting the use of Information and Communications Technology (ICT) and digitalization in the medical field, aiming to improve efficiency and care quality. citeturn0search5
In summary, the Japanese home medical equipment market is poised for substantial growth, driven by demographic trends and supportive policies. Continuous innovation and adaptation to the needs of the aging population are essential for stakeholders aiming to succeed in this evolving market.
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3M
FaSoLa
Johnson & Johnson
Honeywell
CROR
Blue Sail Medical
YUNNAN BAIYAO GROUP
Firstar Healthcare
Hangzhou Keluo Biotechnology
United Huali (Beijing) Technology
Zhejiang Kang Li Di Medical Articles
Beijing Redcube Medical Equipment
Zhejiang Yuanli Medical Technology
Nanfang Medical
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 Home Medical Kit Market
First Aid Kits
CPR Kits
Burn Treatment Kits
Travel Medical Kits
Company Websites
E-commerce Platforms (e.g., Amazon, eBay)
Nursing Homes
Assisted Living Facilities
Stethoscopes
Thermometers
Blood Pressure Monitors
Emergency Preparedness Kits
Non-Perishable Medical Supplies
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Home Medical Kit 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 Home Medical Kit Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Home Medical Kit Market, By Type
6. Japan Home Medical Kit Market, By Application
7. Japan Home Medical Kit Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Home Medical Kit Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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