South Korea Bathroom And Toilet Assist Devices Market Size & Outlook
South Korea bathroom and toilet assist devices market, 2018-2030 (US$M)
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South Korea bathroom and toilet assist devices market highlights
- The South Korea bathroom and toilet assist devices market generated a revenue of USD 95.9 million in 2023 and is expected to reach USD 163.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, commodes was the largest revenue generating product in 2023.
- Bath Lifts is the most lucrative product segment registering the fastest growth during the forecast period.
Bathroom and toilet assist devices market data book summary
| Market revenue in 2023 | USD 95.9 million |
| Market revenue in 2030 | USD 163.5 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Commodes |
| Fastest growing segment | Bath Lifts |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shower Chairs and Stools, Bath Lifts, Toilet Seat Raiser, Commodes, Handgrips and Grab Bars, Bath Aids |
| Key market players worldwide | Getinge AB ADR, Carex Health Brands, Prism Medical, Sunrise Medical, Savaria Corp, Bischoff & Bischoff, Invacare, Etac AB, Graham - Field Health Products |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global bathroom and toilet assist devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bathroom and toilet assist devices 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 308.7 million by 2030.
Commodes was the largest segment with a revenue share of 18.87% in 2023. Horizon Databook has segmented the South Korea bathroom and toilet assist devices market based on shower chairs and stools, bath lifts, toilet seat raiser, commodes, handgrips and grab bars, bath aids covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's rising aging population fuels demand for bathroom and toilet assist devices. According to the Yonhap News Agency, with 9.5 million older adults out of a total population of 51.5 million in 2023, South Korea stands at the edge of transforming into a “super-aged society” by 2025, where the elderly will constitute 20% of the population.
This demographic shift represents a significant growth driver for the bathroom and toilet assist devices market in South Korea. As the number of senior citizens is projected to reach 13 million by 2030, comprising 25.5% of the total population, and further escalating to 17.4 million (46.4%) by 2070, the aging demographics point to rising demand for bathroom and toilet assist devices.
Furthermore, a growing disabled population in the country is expected to drive market growth. According to an article published on Informa UK Limited in October 2022, nearly 2.5 million to 3 million people in the country suffer from a disability, while nearly 94% of those are registered in the government-run disability system.
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Bathroom And Toilet Assist Devices Market Scope
Bathroom And Toilet Assist Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea bathroom and toilet assist devices market size, by product, 2018-2030 (US$M)
South Korea Bathroom And Toilet Assist Devices Market Outlook Share, 2023 & 2030 (US$M)
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