Japan In Vitro Diagnostics (ivd) Market Size & Outlook

The in vitro diagnostics (ivd) market in Japan is expected to reach a projected revenue of US$ 7,036.6 million by 2030. A compound annual growth rate of 6.4% is expected of Japan in vitro diagnostics (ivd) market from 2025 to 2030.
Revenue, 2024 (US$M)
$4,825.8
Forecast, 2030 (US$M)
$7,036.6
CAGR, 2025 - 2030
6.4%
Report Coverage
Japan

Japan in vitro diagnostics (ivd) market, 2018-2030 (US$M)

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Japan in vitro diagnostics (ivd) market, 2018-2030 (US$M)

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Japan in vitro diagnostics (ivd) market highlights

  • The Japan in vitro diagnostics (ivd) market generated a revenue of USD 4,536.1 million in 2023 and is expected to reach USD 7,036.6 million by 2030.
  • The Japan market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
  • In terms of segment, reagents was the largest revenue generating product in 2023.
  • Reagents is the most lucrative product segment registering the fastest growth during the forecast period.


In vitro diagnostics (ivd) market data book summary

Market revenue in 2023USD 4,536.1 million
Market revenue in 2030USD 7,036.6 million
Growth rate6.5% (CAGR from 2023 to 2030)
Largest segmentReagents
Fastest growing segmentReagents
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInstruments, Reagents, Services
Key market players worldwideAbbott Laboratories, BioMerieux SA, QuidelOrtho Corp, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Qiagen NV, Sysmex Corp, Charles River Laboratories International Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Danaher Corp, BD, Roche Holding AG


Other key industry trends

  • In terms of revenue, Japan accounted for 5.8% of the global in vitro diagnostics (ivd) market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China in vitro diagnostics (ivd) market is projected to lead the regional market in terms of revenue in 2030.
  • Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 385.8 million by 2030.

Reagents was the largest segment with a revenue share of 66.23% in 2024. Horizon Databook has segmented the Japan in vitro diagnostics (ivd) market based on instruments, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.


Presence of key market players such as Sysmex Corporation is expected to boost the market. Sysmex Corporation is taking initiatives to promote personalized therapeutics in primary care testing, close to patients. It is developing companion diagnostic drugs and new testing technologies for analyzing proteins, genes, disease-derived cells, and other elements in blood or other body fluids.

For instance, in May 2021, Sysmex Corporation and ThinkCyte have signed deals of joint development and investment to develop artificial intelligence-powered tech for IVD. Under this initiative, the companies will develop an IVD solution based on a new technique of flow cytometry that allows accurate and fast cell analysis by using AI.

. The problem faced by the government in recent years is the increase in the number of an ageing population, as the cases of ageing disorders are multiplying. To control this scenario Japanese government undertaking several initiatives. This will boost the future of the country’s IVD market by increasing prevalence and government initiatives.

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In Vitro Diagnostics (IVD) Market Companies

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Japan in vitro diagnostics (ivd) market size, by product, 2018-2030 (US$M)

Japan In Vitro Diagnostics (IVD) Market Outlook Share, 2024 & 2030 (US$M)

Japan in vitro diagnostics (ivd) market size, by product, 2018-2030 (US$M)

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