Global & Japan Catheters Market to 2033

The catheter market in Japan is a well-established and high-value sector, characterized by a strong emphasis on cutting-edge, high-quality medical devices. A primary factor driving this market is the country's rapidly aging population, with over 29% of its citizens aged 65 and older as of October 2024. This demographic shift is a major catalyst for the demand for catheters, as older adults are more prone to chronic illnesses, leading to a steady and increasing need for various types of catheters.

Japan's healthcare system is highly open to technological innovations, fostering a robust market for advanced catheters that feature enhancements such as antimicrobial coatings and greater flexibility for minimally invasive procedures. This is further bolstered by strong reimbursement policies under Japan's national health insurance, which offers extensive coverage and favorable reimbursement rates for numerous catheter-related procedures, including percutaneous transluminal coronary angioplasty (PTCA).

The dynamic nature of the market is exemplified by recent product launches and strategic investments. For instance, in July 2022, Otsuka Pharmaceutical Factory, Inc. introduced the OT-Balloon Catheter, an intermittent urological catheter designed to facilitate self-catheterization for individuals facing urinary challenges. This product specifically caters to the growing demand for excretory care in Japan's aging society by providing a reusable option that enhances patient quality of life.

Additionally, in November 2024, Kaneka Corporation, a leading Japanese firm, announced a substantial investment of approximately US$68.97 million (10 billion yen) to establish a new catheter manufacturing facility in Hokkaido. This expansion aims to double its production capacity for medical catheters utilized in various applications, including neurovascular and cardiovascular treatments, in response to the increasing global and domestic demand. These developments highlight how innovation in product design and strategic investments in manufacturing are essential for addressing the changing needs of Japan's technologically advanced and demographically driven catheter market. Show more