South Korea Aortic Aneurysm Market Size & Outlook
South Korea aortic aneurysm market, 2018-2030 (US$M)
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South Korea aortic aneurysm market highlights
- The South Korea aortic aneurysm market generated a revenue of USD 112.2 million in 2023 and is expected to reach USD 249.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, abdominal aortic aneurysm (aaa) was the largest revenue generating type in 2023.
- Abdominal Aortic Aneurysm (AAA) is the most lucrative type segment registering the fastest growth during the forecast period.
Aortic aneurysm market data book summary
| Market revenue in 2023 | USD 112.2 million |
| Market revenue in 2030 | USD 249.5 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Abdominal aortic aneurysm (aaa) |
| Fastest growing segment | Abdominal Aortic Aneurysm (AAA) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA) |
| Key market players worldwide | W.L. Gore & Associates, Medtronic PLC, MicroPort Scientific Corp, Cook Group, Cryolife, Cardinal Health Inc, Terumo Corp, Endologix, Lombard Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global aortic aneurysm market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan aortic aneurysm market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 588.4 million by 2030.
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Aortic Aneurysm Market Scope
Aortic Aneurysm Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea aortic aneurysm 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 aortic aneurysm market will help companies and investors design strategic landscapes.
Abdominal aortic aneurysm (aaa) was the largest segment with a revenue share of 71.57% in 2023. Horizon Databook has segmented the South Korea aortic aneurysm market based on thoracic aortic aneurysm (taa), abdominal aortic aneurysm (aaa) covering the revenue growth of each sub-segment from 2018 to 2030.
According to a study published in Springer, South Korea, around 300 EVAR and 50 100 TEVARs are being performed in the country. Interventional radiologists have traditionally dominated peripheral endovascular procedures in South Korea, as the number of vascular surgeons in the country few.
High incidence of endovascular aneurysm among the smokers and technological advancements are factors driving the market in South Korea. Reimbursement of the device is government controlled with a diagnosis-related group-based payment and the prices are generally lower. Registrations of foreign devices are relatively slow.
All the major players operating in the Asia Pacific region are supplying their products to South Korea. Korea also has local manufacturers developing domestic thoracic stent grafts devices. For instance, SEAL, which is a manufacturer of the stent graft with an outer Dacron fabric supported at both ends with nitinol stents, is a local company.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea aortic aneurysm market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aortic aneurysm market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea aortic aneurysm market size, by type, 2018-2030 (US$M)
South Korea Aortic Aneurysm Market Outlook Share, 2023 & 2030 (US$M)
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