South Korea Artificial Organs And Bionics Market Size & Outlook
South Korea artificial organs and bionics market, 2018-2030 (US$M)
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South Korea artificial organs and bionics market highlights
- The South Korea artificial organs and bionics market generated a revenue of USD 768.3 million in 2022 and is expected to reach USD 1,805.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.3% from 2023 to 2030.
- In terms of segment, artificial organ was the largest revenue generating product in 2022.
- Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial organs and bionics market data book summary
| Market revenue in 2022 | USD 768.3 million |
| Market revenue in 2030 | USD 1,805.5 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | Artificial organ |
| Fastest growing segment | Artificial bionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Artificial Organ, Artificial bionics |
| Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global artificial organs and bionics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial organs and bionics 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 2,972.3 million by 2030.
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Artificial Organs And Bionics Market Scope
Artificial Organs And Bionics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea artificial organs and bionics 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 organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.61% in 2022. Horizon Databook has segmented the South Korea artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
Some of the key factors contributing to the growth of the market include a rapidly aging population, an increased number of people suffering from organ failure, a rising incidence of road accidents, and a severe scarcity of organ donors. Thus, the abovementioned factors are expected to boost the market during the forecast period.
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Target buyers of South Korea artificial organs and bionics market databook
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Our clientele includes a mix of artificial organs and bionics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into South Korea artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea artificial organs and bionics market size, by product, 2018-2030 (US$M)
South Korea Artificial Organs And Bionics Market Share, 2022 & 2030 (US$M)
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