Period 2007-2019
Syringe Market Overview in Japan |
Market Overview
In 2019, the Japanese syringe market was finally on the rise to reach $
for the first time since 2016, thus ending a two-year declining trend. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.
In value terms, syringe production skyrocketed to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Japan production peaked in 2019 and is likely to see gradual growth in the immediate term.
for the first time since 2016, thus ending a two-year declining trend. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.In value terms, syringe production skyrocketed to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Japan production peaked in 2019 and is likely to see gradual growth in the immediate term.Consumption
In 2019, consumption of syringes, with or without needles was finally on the rise to reach units for the first time since 2016, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The value of the syringe market in Japan expanded markedly to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.
units for the first time since 2016, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.The value of the syringe market in Japan expanded markedly to $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.Market Forecast
Driven by increasing demand for syringe in Japan, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Japan remains a net importer of syringe; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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