Monaco had the highest life expectancy among both men and women worldwide as of 2024. That year, life expectancy for men and women was ** and ** years, respectively. The East Asian countries and regions, Hong Kong, Japan, South Korea, and Macao, followed. Many of the countries on the list are struggling with aging populations and a declining workforce as more people enter retirement age compared to people entering employment.

Actual value and historical data chart for Japan Life Expectancy At Birth Female Years

In 2024, the average life expectancy in the world was 71 years for men and 76 years for women. The lowest life expectancies were found in Africa, while Oceania and Europe had the highest. What is life expectancy?Life expectancy is defined as a statistical measure of how long a person may live, based on demographic factors such as gender, current age, and most importantly the year of their birth. The most commonly used measure of life expectancy is life expectancy at birth or at age zero. The calculation is based on the assumption that mortality rates at each age were to remain constant in the future. Life expectancy has changed drastically over time, especially during the past 200 years. In the early 20th century, the average life expectancy at birth in the developed world stood at 31 years. It has grown to an average of 70 and 75 years for males and females respectively, and is expected to keep on growing with advances in medical treatment and living standards continuing. Highest and lowest life expectancy worldwide Life expectancy still varies greatly between different regions and countries of the world. The biggest impact on life expectancy is the quality of public health, medical care, and diet. As of 2022, the countries with the highest life expectancy were Japan, Liechtenstein, Switzerland, and Australia, all at 84–83 years. Most of the countries with the lowest life expectancy are mostly African countries. The ranking was led by the Chad, Nigeria, and Lesotho with 53–54 years.

Japan had the highest life expectancy at birth of the G7 countries between 2000 and 2025, reaching **. On the other hand, life expectancy in the United States was ***** years, the only one of the seven where it was below 80. Life expectancy dropped in all G7 countries following the COVID-19 pandemic.

Forecast: Female Life Expectancy at 65 in Japan 2024 - 2028 Discover more data with ReportLinker!

Actual value and historical data chart for Japan Life Expectancy At Birth Male Years

Life expectancy in Japan was 36.4 in the year 1860, and over the course of the next 160 years, it is expected to have increased to 84.4, which is the second highest in the world (after Monaco). Although life expectancy has generally increased throughout Japan's history, there were several times where the rate deviated from its previous trajectory. These changes were a result of the Spanish Flu in the 1910s, the Second World War in the 1940s, and the sharp increase was due to the high rate of industrialization and economic prosperity in Japan, in the mid-twentieth century.

In 2024, the average lifespan of light trucks (kei truck) in Japan was ***** years. Among the three types of light motor vehicles, trucks had on average the longest service life, followed by special-purpose vehicles.

As of March 31, 2024, the average passenger car in Japan was in use for about ***** years until its registration cancellation. This number represents a slight decrease from a vehicle lifespan of around ***** years in the previous year.

As of March 31, 2024, the average bus in Japan was in use for about ***** years until its registration cancellation. Accordingly, buses are the vehicle type that were the longest in use until retirement.

This statistic shows the average life expectancy in North America for those born in 2022, by gender and region. In Canada, the average life expectancy was 80 years for males and 84 years for females.

Life expectancy in North America

Of those considered in this statistic, the life expectancy of female Canadian infants born in 2021 was the longest, at 84 years. Female infants born in America that year had a similarly high life expectancy of 81 years. Male infants, meanwhile, had lower life expectancies of 80 years (Canada) and 76 years (USA).

Compare this to the worldwide life expectancy for babies born in 2021: 75 years for women and 71 years for men. Of continents worldwide, North America ranks equal first in terms of life expectancy of (77 years for men and 81 years for women). Life expectancy is lowest in Africa at just 63 years and 66 years for males and females respectively. Japan is the country with the highest life expectancy worldwide for babies born in 2020.

Life expectancy is calculated according to current mortality rates of the population in question. Global variations in life expectancy are caused by differences in medical care, public health and diet, and reflect global inequalities in economic circumstances. Africa’s low life expectancy, for example, can be attributed in part to the AIDS epidemic. In 2019, around 72,000 people died of AIDS in South Africa, the largest amount worldwide. Nigeria, Tanzania and India were also high on the list of countries ranked by AIDS deaths that year. Likewise, Africa has by far the highest rate of mortality by communicable disease (i.e. AIDS, neglected tropics diseases, malaria and tuberculosis).

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Japan Insurance Market Size 2025-2029

The japan insurance market size is forecast to increase by USD 46.7 billion billion at a CAGR of 3% between 2024 and 2029.

The Japanese insurance market is experiencing significant growth driven by demographic shifts and the integration of technology. With a rapidly aging population, the demand for long-term care and health insurance is increasing. According to the Ministry of Health, Labor and Welfare, over 28% of the Japanese population was aged 65 or above in 2020, and this number is projected to reach 34% by 2030. Technological advancements are transforming the insurance industry in Japan, with the integration of IT and analytic solutions becoming a key trend. Insurers are leveraging data analytics to personalize products and improve customer experience. Additionally, the adoption of digital channels for distribution and claims processing is gaining momentum. However, this digital transformation also exposes insurers to new risks, particularly cybercrime. The number of reported cyberattacks in Japan increased by 25% in 2020, according to the National Police Agency. Companies seeking to capitalize on the growth opportunities in the Japanese insurance market must navigate these challenges effectively by investing in cybersecurity measures and leveraging technology to enhance their offerings while addressing the unique needs of an aging population.

What will be the size of the Japan Insurance Market during the forecast period?

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The Japanese insurance market encompasses both life and non-life sectors, with the third-party administrators playing a crucial role in facilitating the distribution of insurance products. The market's size is significant, with life insurers and non-life insurers, including general insurers, standalone health insurers, and specialized insurers, collectively contributing to a substantial portion of the country's financial services sector. Foreign direct investment in the Japanese insurance industry has been on the rise, attracting global players seeking to capitalize on the market's growth potential. In the life insurance segment, consumers primarily focus on securing coverage for medical expenses, life protection, and retirement planning. Non-life insurance, on the other hand, caters to various risks, such as property damage, liability, and personal accidents. Common insurance products include dental emergency, travel plans, and international travel insurance, offering reimbursement for medical expenses, loss of passports, identity proof, accident assistance, medical evacuation, and more. The market is characterized by a growing demand for comprehensive insurance solutions, reflecting the population's increasing awareness of risk management and financial security.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeLifeNon-lifeChannelSales personnelInsurance agenciesSectorPublic/government insurance companiesPrivate insurance companiesGeographyJapan

By Type Insights

The life segment is estimated to witness significant growth during the forecast period.

Life insurance is a significant segment in Japan's insurance market, with nearly 90% of the population holding coverage. The primary driver of this trend is the low-interest rate charged by insurers due to Japan's aging population. In 2023, over 30% of the population was aged 65 and above, increasing life expectancy and reducing insurers' risk. Furthermore, many Japanese companies provide life insurance as an employee benefit. Non-life insurance, including third-party administrators, covers areas like property, casualty, and liability. Life insurers, general insurers, and specialized insurers cater to various customer needs. Digital innovation, such as InsurTech, is transforming the industry, addressing customer pain points and enhancing the digital customer experience. The World Bank, IoT, and vaccine rollouts are shaping the future of insurance service businesses. : life insurance, non-life insurance, third-party administrators, World Bank, digital innovation, customer pain points, insurtechs.

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The Life segment was valued at USD 258.40 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Japan Insurance Market?

Growing geriatric population in Japan is the key driver of the market. Japan's demograph

As of March 31, 2024, the average bus in Japan was in use for about ***** years until its registration cancellation. This number represents a increase from a vehicle lifespan of around ***** years a decade earlier.

Monaco is the country with the highest median age in the world. The population has a median age of around 57 years, which is around six years more than in Japan and Saint Pierre and Miquelon – the other countries that make up the top three. Southern European countries make up a large part of the top 20, with Italy, Slovenia, Greece, San Marino, Andorra, and Croatia all making the list. Low infant mortality means higher life expectancy Monaco and Japan also have the lowest infant mortality rates in the world, which contributes to the calculation of a higher life expectancy because fewer people are dying in the first years of life. Indeed, many of the nations with a high median age also feature on the list of countries with the highest average life expectancy, such as San Marino, Japan, Italy, and Lichtenstein. Demographics of islands and small countries Many smaller countries and island nations have populations with a high median age, such as Guernsey and the Isle of Man, which are both island territories within the British Isles. An explanation for this could be that younger people leave to seek work or education opportunities, while others choose to relocate there for retirement.

As of March 31, 2024, the average truck in Japan had lasted for about ***** years at its time of registration cancellation. This number represents an increase from a vehicle lifespan of ***** years from a decade earlier.

In 2024, ******* live births were recorded in Japan, continuing the downward trend of the last decade. In the same year, the number of deaths of newborns amounted to ***.

The median age of the population in Japan has steadily been increasing since 1950 and is projected to be around 47.7 years old in 2020. As of 2021, the median age of Japan is the second highest in the world, behind the Principality of Monaco. The elderly in Japan An improved quality of life and regular health checks are just two reasons why Japan has one of the highest life expectancies in the world. The life expectancy from birth in Japan improved significantly after World War II, rising 20 years in the decade between 1945 and 1955. As life expectancy continues to increase, Japan expects difficulties caring for the older generation in the future. Shortages in the service sector are already a major concern, with demand for nurses and care workers increasing. Fertility and birth rates The fertility rate among Japan’s population has been around 1.4 children per woman since 2010. Apart from a small baby boom in the early seventies, the crude birth rate of Japan has been declining since 1950 and is expected to be as low as 7.5 births per thousand people in 2020. With falling birth rates and such a large share of its inhabitants reaching their later years, Japan’s total population is expected to continue declining.

The statistic shows the total population in Japan from 2020 to 2024, with projections up until 2030. In 2024, the total population of Japan amounted to around 123.9 million inhabitants. See the figures for the population of South Korea for comparison. Total population in Japan From steadily low fertility rates to a growing elderly population, it is no secret that Japan’s population is shrinking. Population growth rates jump around a little, but are currently following a declining trend. The post-war baby boom generation is now in the 65-and-over age group, and the percentage of the population in that category is expected to keep growing, as is indicated by a high median age and high life expectancy. Japan already has the highest percentage of its population over 65 in the world, and the aging population puts some pressure on the Japanese government to provide welfare services for more people as rising numbers leave the workforce. However, the amount of jobs opened up for the younger generations by the older generations leaving the workforce means that unemployment is kept to a minimum. Despite a jump in unemployment after the global recession hit in 2008, rates were almost back to pre-recession rates by 2013. Another factor affecting Japan is the number of emigrants to other countries. The United States absorbs a number of emigrants worldwide, so despite a stagnating birth rate, the U.S. has seen a steady rise in population.

In 2024, the average lifespan of light motor trucks (kei trucks) permanently returned in Japan was ***** years, increasing compared to the previous year. The average lifespan of regular trucks has increased as well over the last ten years.

In 2024, the average lifespan of light motor passenger cars (kei cars) in Japan was ***** years, increasing from ***** years the year before. The average lifespan of regular passenger cars had decreased in said year.