South Korea Advanced Wound Care Market Size & Outlook
South Korea advanced wound care market, 2018-2030 (US$M)
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South Korea advanced wound care market highlights
- The South Korea advanced wound care market generated a revenue of USD 135.4 million in 2023 and is expected to reach USD 206.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, moist was the largest revenue generating product in 2023.
- Antimicrobial is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced wound care market data book summary
| Market revenue in 2023 | USD 135.4 million |
| Market revenue in 2030 | USD 206.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Moist |
| Fastest growing segment | Antimicrobial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Moist, Antimicrobial, Active |
| Key market players worldwide | ConvaTec Group PLC, Smith & Nephew PLC, Molnlycke Health Care, B. Braun, 3M Co, URGO, Coloplast A/S ADR, Integra Lifesciences Holdings Corp, Medline Industries |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 305.8 million by 2030.
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Advanced Wound Care Market Scope
Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea advanced wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced wound care market will help companies and investors design strategic landscapes.
Moist was the largest segment with a revenue share of 58.71% in 2023. Horizon Databook has segmented the South Korea advanced wound care market based on moist, antimicrobial, active covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in number of surgeries in South Korea is primary reason which may help the market to grow. South Korea has the highest rate of cosmetic surgeries in the world. For instance, according to Business Insider, nearly 1 million plastic surgery procedures are carried out in South Korea.
Moreover, according to estimates by the similar source, every one in three women between 19 – 29 have had a plastic surgery. Therefore, the increase in number of surgeries may lead to increase in use of advanced wound care products which may further propel the market.
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Our clientele includes a mix of advanced wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into South Korea advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea advanced wound care market size, by product, 2018-2030 (US$M)
South Korea Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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