WiseGuyReports published new report, titled “Japan Drug Delivery Devices Market”
“Japan Drug Delivery Devices Market Outlook to 2023″, provides key market data on the Japan Drug Delivery Devices market. The report provides value, in millions of US dollars and volume (in units) within market categories – Central Venous Catheters, Needle Free Injections, Infusion Systems and Metered Dose Inhaler Devices.
The report also provides company shares and distribution shares data for each of these market categories, and global corporate-level profiles of the key market participants. Based on the availability of data for the particular market and country, information related to pipeline products, news and deals is available in the report.
Extensive interviews are conducted with key opinion leaders (KOLs), physicians and industry experts to validate the market size, company share and distribution share data and analysis.
Japan’s drug delivery devices market, which was pegged at $2.56bn in 2016, is estimated to reach $3.4bn by 2023
Nearly 60% of the country’s drug delivery devices market is currently dominated by Infusion Systems and trends show that its growth pace will further continue, at a CAGR of 4.7% during 2016-23. Infusion Systems is a highly competitive segment in Japan due to the presence of several overseas and domestic firms. Despite the stiff competition, domestic players Terumo Corp and Nipro Corp enjoyed a combined market share of 30.5% in 2016, outperforming multinationals such as Baxter International Inc, Becton Dickinson and Co.
Healthcare analyst, Tina Deng says: “Japan’s drug delivery devices market will expand due to several factors such as rise in chronic diseases, demand for controlled drug release and new technologies. Players have to closely watch out the prevailing and emerging market trends in this competitive drug delivery devices landscape to tap the myriad opportunities.”
Deng continues: “Over the next few years, players in the infusion systems segment will invest in several strategies such as product launches, innovations, research and development, M&As to sustain in the competitive market.”
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
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