South Korea Catheter Market Size & Outlook, 2022-2030
South Korea catheter market, 2018-2030 (US$M)
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South Korea catheter market highlights
- The South Korea catheter market generated a revenue of USD 1,502.2 million in 2022 and is expected to reach USD 2,565.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, specialty catheters was the largest revenue generating product in 2022.
- Neurovascular Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Catheter market data book summary
| Market revenue in 2022 | USD 1,502.2 million |
| Market revenue in 2030 | USD 2,565.7 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Specialty catheters |
| Fastest growing segment | Neurovascular Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters |
| Key market players worldwide | Hollister, Medtronic PLC, Boston Scientific Corp, Edwards Lifesciences Corp, Smiths Group PLC, Teleflex Inc, ConvaTec Group PLC, Cure Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.9% of the global catheter market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China catheter 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 3,947.7 million by 2030.
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Catheter Market Scope
Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea catheter 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 catheter market will help companies and investors design strategic landscapes.
Specialty catheters was the largest segment with a revenue share of 29.22% in 2022. Horizon Databook has segmented the South Korea catheter market based on cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, specialty catheters covering the revenue growth of each sub-segment from 2018 to 2030.
High prevalence of urological disorders, preference to minimally invasive surgeries, and favorable government policies are some factors expected to boost market growth in South Korea.
In 2018, the South Korean government introduced some initiatives such as relaxation in safety concerns for medical equipment and shortened the approval timeframe for medical devices.
Moreover, these initiatives are expected to increase entry of international players in the country. Thus, the abovementioned factors are expected to positively impact the market.
Reasons to subscribe to South Korea catheter market databook:
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Target buyers of South Korea catheter market databook
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Our clientele includes a mix of catheter 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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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 catheter market , including forecasts for subscribers. This country databook contains high-level insights into South Korea catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea catheter market size, by product, 2018-2030 (US$M)
South Korea Catheter Market Outlook Share, 2022 & 2030 (US$M)
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