Japan’s diabetes device market to hit $2.8b by 2032

Its growth is attributed to technological advancements and developments.

The Japan diabetes device market is projected to reach $2.80b by 2032 at a compound annual growth rate of 7.49%, according to Research and Markets.

The sector’s expansion is attributed to technological advancements and significant developments aimed at improving diabetes management, monitoring, and treatment.

Key to this growth are government initiatives led by the Ministry of Health, Labour and Welfare. These initiatives include public health campaigns and nationwide screening programmes for early detection and intervention.

Moreover, the country offers reimbursement for diabetes management devices, including insulin pumps and continuous glucose monitors.

“Patients' burdens are lessened by this financial assistance, increasing the accessibility of these gadgets,” the report said.