Japan Diabetes Drugs And Devices Market Size (2024 - 2029)

Japan Diabetes Drugs and Devices Market Analysis

The Japan Diabetes Drugs And Devices Market size is estimated at USD 4.80 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of greater than 3.20% during the forecast period (2024-2029).

Japan's diabetes drugs and devices market is poised for significant growth through the forecast period, driven by a rising prevalence of diabetes and proactive initiatives from companies, including product development and expanding production capacities.

Diabetes drugs and devices are crucial in monitoring and managing blood glucose levels. With Japan's diabetic population on the rise, companies are set to see an expanding user base. According to the IDF Diabetes Atlas, Japan is projected to have around 10,542.7 thousand individuals with diabetes by 2030; the number is expected to reach 10,117.9 thousand by 2045.

Recognizing the widening gap between the demand and supply of diabetic drugs, several companies are seizing the opportunity. For instance, in June 2024, Eli Lilly and Company made significant investments to boost its production capacity for drugs targeting obesity and diabetes. This move came as the company lifted restrictions on shipping its flagship diabetes drug, Manjaro, in Japan. By enhancing its production capabilities, Eli Lilly aims to meet the escalating demand for diabetes drugs, especially in light of limited supplies at the national level.

In May 2024, the Japan Diabetes Society published guidelines emphasizing the safe use of diabetes drugs, particularly Incretin-Related Drugs. This initiative was prompted by the rising adoption of GLP-1 receptor agonists, known for their efficacy in blood sugar management and weight reduction. These drugs have also shown promising results in addressing diabetes-related kidney and cardiovascular diseases, further bolstered by the introduction of orally administered formulations.

The diabetes drugs and devices market in Japan is on a robust growth trajectory. The increasing prevalence of diabetes, coupled with strategic initiatives by companies and regulatory support, is expected to drive market expansion. This dynamic environment presents significant opportunities for stakeholders in the diabetes care sector.

Japan Diabetes Drugs and Devices Industry Segmentation

Patients with type 1 diabetes must be given insulin because their pancreas cannot process it. To control blood sugar levels, insulin must be given several times a day, such as when eating or drinking. Many people with type 2 diabetes also need to take antidiabetic drugs. These drugs include diabetes medications and injections such as insulin.

Japan's diabetes drugs and devices market is segmented into devices and drugs. By devices, the market is segmented into monitoring devices and management devices. Monitoring devices include self-monitoring blood glucose devices and continuous blood glucose monitoring. Management devices include insulin pumps, insulin syringes, disposable pens, and others. By drugs, the market is segmented into oral anti-diabetes drugs, insulin drugs, and others. For each segment, the market sizing and forecasts were made on the basis of revenue (USD).