South Korea Bronchial Biopsy Devices Market Size & Outlook
South Korea bronchial biopsy devices market, 2018-2030 (US$M)
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South Korea bronchial biopsy devices market highlights
- The South Korea bronchial biopsy devices market generated a revenue of USD 21.3 million in 2023 and is expected to reach USD 36.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, transbronchial needle aspiration (tbna) needles was the largest revenue generating product in 2023.
- Transbronchial Needle Aspiration (TBNA) Needles is the most lucrative product segment registering the fastest growth during the forecast period.
Bronchial biopsy devices market data book summary
| Market revenue in 2023 | USD 21.3 million |
| Market revenue in 2030 | USD 36.5 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Transbronchial needle aspiration (tbna) needles |
| Fastest growing segment | Transbronchial Needle Aspiration (TBNA) Needles |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biopsy Forceps, Transbronchial Needle Aspiration (TBNA) Needles, Cytology Brushes |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Conmed Corp, Medtronic PLC, Becton Dickinson & Co, Hobbs Medical, Cook Medical, Telemed Systems, Argon Medical Devices, Horizons International |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.6% of the global bronchial biopsy 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 bronchial biopsy devices 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 42.8 million by 2030.
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Bronchial Biopsy Devices Market Scope
Bronchial Biopsy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea bronchial biopsy devices 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 bronchial biopsy devices market will help companies and investors design strategic landscapes.
Transbronchial needle aspiration (tbna) needles was the largest segment with a revenue share of 61.5% in 2023. Horizon Databook has segmented the South Korea bronchial biopsy devices market based on biopsy forceps, transbronchial needle aspiration (tbna) needles, cytology brushes covering the revenue growth of each sub-segment from 2018 to 2030.
Lung cancer is the leading cause of cancer-related deaths in South Korea, with mortality rates of 53.5 per 100,000 in men and 19.0 per 100,000 in women as of 2019. The number of lung cancer deaths increased from 7,779 in 1999 to 13,698 in 2019 for males and from 2,656 to 4,876 for females during the same period.
Hence, the increasing number of cancer cases is expected to drive the demand for effective diagnostic procedures, including bronchial biopsies. Moreover, South Korea’s healthcare system is highly developed, strongly emphasizing adopting advanced technologies and providing high-quality patient care. This is expected to drive the bronchial biopsy devices market during the forecast period.
Furthermore, various initiatives are being implemented to enhance the use of bronchial biopsy devices. For instance, in 2019, South Korea launched a national lung cancer screening program utilizing low-dose Computed Tomography (CT). This initiative aims to improve early detection rates of lung cancer, which is critical for effective treatment and management.
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Our clientele includes a mix of bronchial biopsy devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea bronchial biopsy devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea bronchial biopsy devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea bronchial biopsy devices market size, by product, 2018-2030 (US$M)
South Korea Bronchial Biopsy Devices Market Outlook Share, 2023 & 2030 (US$M)
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