South Korea Artificial Hearts Market Size & Outlook
Related Markets
South Korea artificial hearts market highlights
- The South Korea artificial hearts market generated a revenue of USD 28.3 million in 2023 and is expected to reach USD 43.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, heart-lung machine was the largest revenue generating product in 2023.
- LVADs is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial hearts market data book summary
| Market revenue in 2023 | USD 28.3 million |
| Market revenue in 2030 | USD 43.3 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Heart-lung machine |
| Fastest growing segment | LVADs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LVADs, Heart-lung Machine |
| Key market players worldwide | Picard Medical, Carmat, BiVACOR, Abbott Laboratories, Johnson & Johnson, Symbion, LivaNova PLC, Getinge AB ADR, Terumo Corp, SynCardia Systems |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global artificial hearts market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan artificial hearts 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 204.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Artificial Hearts Market Scope
Artificial Hearts Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SynCardia Systems | View profile | 101-250 | Tucson, Arizona, United States, North America | http://www.syncardia.com/ |
| Symbion | View profile | 11-50 | Københoved, Syddanmark, Denmark, Europe | https://symbion.dk |
| BiVACOR | View profile | 11-50 | Houston, Texas, United States, North America | http://bivacor.com |
| Carmat | View profile | 182 | 36, avenue de l’Europe, Immeuble l’Etendard Energy III, Velizy Villacoublay, France, 78140 | https://www.carmatsa.com |
| Picard Medical | View profile | - | Palo Alto, California, United States, North America | https://picardmedical.com/ |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Terumo Corp | View profile | 30207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | https://www.terumo.com |
| Getinge AB ADR | View profile | 11862 | Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 | https://www.getinge.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
South Korea artificial hearts 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 artificial hearts market will help companies and investors design strategic landscapes.
Heart-lung machine was the largest segment with a revenue share of 87.28% in 2023. Horizon Databook has segmented the South Korea artificial hearts market based on lvads, heart-lung machine covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to South Korea artificial hearts market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea artificial hearts market databook
-
Our clientele includes a mix of artificial hearts market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea artificial hearts market , including forecasts for subscribers. This country databook contains high-level insights into South Korea artificial hearts market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea artificial hearts market size, by product, 2018-2030 (US$M)
South Korea Artificial Hearts Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
