South Korea Apheresis Equipment Market Size & Outlook
South Korea apheresis equipment market, 2018-2030 (US$M)
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South Korea apheresis equipment market highlights
- The South Korea apheresis equipment market generated a revenue of USD 56.1 million in 2023 and is expected to reach USD 115.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, disposable apheresis kits was the largest revenue generating product in 2023.
- Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Apheresis equipment market data book summary
| Market revenue in 2023 | USD 56.1 million |
| Market revenue in 2030 | USD 115.4 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Disposable apheresis kits |
| Fastest growing segment | Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable Apheresis Kits, Devices |
| Key market players worldwide | Asahi Kasei Corp, Terumo Corp, Fresenius SE & Co KGaA, Haemonetics Corp, B. Braun, Nikkiso Co Ltd, Mallinckrodt PLC Ordinary Shares - New |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global apheresis equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan apheresis equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 358.8 million by 2030.
Disposable apheresis kits was the largest segment with a revenue share of 71.84% in 2023. Horizon Databook has segmented the South Korea apheresis equipment market based on disposable apheresis kits, devices covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of renal, hematological, and neurological diseases increases the need for equipment for apheresis procedures. According to the National Center for Biotechnology Information (NCBI), the estimated prevalence of chronic kidney disease (CKD) was 8.4% in 2021, which was raised from 8% in 2012. Companies need to cater to the rising demand for apheresis treatment.
Furthermore, the Korean healthcare system is increasingly emphasizing safety, requiring companies to demonstrate the effectiveness & improved patient outcomes of their apheresis equipment. Investing in patient education initiatives and collaborating with patient advocacy groups can raise awareness and drive demand for advanced technologies.
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Apheresis Equipment Market Scope
Apheresis Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea apheresis equipment market size, by product, 2018-2030 (US$M)
South Korea Apheresis Equipment Market Outlook Share, 2023 & 2030 (US$M)
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