Japan Procedure Trays Market Size & Outlook, 2023-2030
Related Markets
Japan procedure trays market highlights
- The Japan procedure trays market generated a revenue of USD 878.9 million in 2023 and is expected to reach USD 1,839.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, or was the largest revenue generating product in 2023.
- OR is the most lucrative product segment registering the fastest growth during the forecast period.
Procedure trays market data book summary
| Market revenue in 2023 | USD 878.9 million |
| Market revenue in 2030 | USD 1,839.6 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Or |
| Fastest growing segment | OR |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OR, Angiography, Ophthalmic |
| Key market players worldwide | Owens & Minor Inc, Cardinal Health Inc, 3M Co, Teleflex Inc, B. Braun, BD, Merit Medical Systems Inc, Mölnlycke Health Care, Hartmann Holdings, Medtronic PLC, CPT Medical |
Other key industry trends
- In terms of revenue, Japan accounted for 4.5% of the global procedure trays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan procedure trays market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,147.8 million by 2030.
Or was the largest segment with a revenue share of 57.65% in 2023. Horizon Databook has segmented the Japan procedure trays market based on or, angiography, ophthalmic covering the revenue growth of each sub-segment from 2017 to 2030.
Japan held majority of the Asia Pacific market in 2018. The improving regulatory environment in Japan is expected to increase penetration of the U.S. medical firms during the forecast period. The government of Japan executed a new pricing policy, Foreign Average Price (FAP), to revise the medical device reimbursement costs.
In 2014, the government changed the FAP rule and revised the reimbursement policies. Growing demand for advanced technology, increasing geriatric population, and high health expenditure as well as revision of government policies to encourage investment are likely to drive the market.
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Procedure Trays Market Scope
Procedure Trays Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CPT Medical | View profile | 51-100 | Greenville, South Carolina, United States, North America | https://cptmed.com |
| Merit Medical Systems Inc | View profile | 6950 | 1600 West Merit Parkway, South Jordan, UT, United States, 84095 | https://www.merit.com |
| Owens & Minor Inc | View profile | 13700 | 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 | https://www.owens-minor.com |
| Mölnlycke Health Care | View profile | 11-50 | Budapest, Budapest, Hungary, Europe | https://www.molnlycke.hu |
| Hartmann Holdings | View profile | - | Moscow, Moscow City, Russian Federation, Europe | https://www.hartmannholdings.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| B. Braun | View profile | 10001+ | Chapeltown, Sheffield, United Kingdom, Europe | https://www.bbraun.co.uk |
| Cardinal Health Inc | View profile | 48000 | 7000 Cardinal Place, Dublin, OH, United States, 43017 | https://www.cardinalhealth.com |
| Teleflex Inc | View profile | 14500 | 550 East Swedesford Road, Suite 400, Wayne, PA, United States, 19087 | https://www.teleflex.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Japan procedure trays market size, by product, 2017-2030 (US$M)
Japan Procedure Trays Market Outlook Share, 2023 & 2030 (US$M)
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