South Korea Biological Skin Substitutes Market Size & Outlook
South Korea biological skin substitutes market, 2018-2030 (US$M)
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South Korea biological skin substitutes market highlights
- The South Korea biological skin substitutes market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 8.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, human donor tissue-derived products was the largest revenue generating type in 2023.
- Human Donor Tissue-Derived Products is the most lucrative type segment registering the fastest growth during the forecast period.
Biological skin substitutes market data book summary
| Market revenue in 2023 | USD 4.4 million |
| Market revenue in 2030 | USD 8.0 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Human donor tissue-derived products |
| Fastest growing segment | Human Donor Tissue-Derived Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Donor Tissue-Derived Products, Acellular Animal-derived Products |
| Key market players worldwide | 3M Co, Organogenesis Holdings Inc Class A, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, MiMedx Group Inc, Essity AB Class B, Stryker Corp, Vericel Corp, Mallinckrodt PLC Ordinary Shares - New, Tissue Regenix |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global biological skin substitutes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biological skin substitutes 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 47.1 million by 2030.
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Biological Skin Substitutes Market Scope
Biological Skin Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea biological skin substitutes 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 biological skin substitutes market will help companies and investors design strategic landscapes.
Human donor tissue-derived products was the largest segment with a revenue share of 68.18% in 2023. Horizon Databook has segmented the South Korea biological skin substitutes market based on human donor tissue-derived products, acellular animal-derived products covering the revenue growth of each sub-segment from 2018 to 2030.
There is a high demand for a wide range of medical equipment in Australia. The market is very competitive and mature. The country's population expects superior-quality medical treatments, and there is a constant need for state-of-the-art medical products. The demand for medical products and other healthcare services is projected to increase, owing to continuous technological developments, rapidly aging population, increasing burden of chronic diseases, and growing individual income.
Australia has one of the longest life expectancies across the globe & the demand for medical devices is expected to grow with increase in the geriatric population. Opportunities exist for products that can provide a significant improvement in clinical outcomes. There is also growing demand for products that aid faster recovery, reduce hospitalization, & rehabilitation costs, and manage chronic diseases.
These factors are anticipated to boost the demand for CRO services for medical devices in Australia, which is expected to make the market in Australia competitive.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea biological skin substitutes market , including forecasts for subscribers. This country databook contains high-level insights into South Korea biological skin substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea biological skin substitutes market size, by type, 2018-2030 (US$M)
South Korea Biological Skin Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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