South Korea Cerumen Removal Market Size & Outlook
South Korea cerumen removal market, 2018-2030 (US$M)
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South Korea cerumen removal market highlights
- The South Korea cerumen removal market generated a revenue of USD 49.2 million in 2023 and is expected to reach USD 68.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Cerumen removal market data book summary
| Market revenue in 2023 | USD 49.2 million |
| Market revenue in 2030 | USD 68.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
| Key market players worldwide | Medline Industries, Henry Schein Inc, McKesson Corp, Cardinal Health Inc, Owens & Minor Inc, Cipla Ltd DR, GlaxoSmithKline, Open Text Corp, Eosera, Target |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global cerumen removal market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India cerumen removal 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 98.0 million by 2030.
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Cerumen Removal Market Scope
Cerumen Removal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea cerumen removal 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 cerumen removal market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 87.8% in 2023. Horizon Databook has segmented the South Korea cerumen removal market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The overall incidence of cerumen impaction in South Korea is low. However, the geriatric population and people who require hearing aids commonly suffer from cerumen impaction. Approximately 12.6% of South Koreans use hearing aids, as per a study titled Hearing Aid Use and Associated Factors in South Korea in 2015.
This has prompted a growth in use of cerumen removal tools. Another major factor contributing to market growth in South Korea is the strong presence of local manufacturers of cerumen removal tools. These manufacturers provide technologically advanced products for cerumen removal, which is anticipated to boost the market.
For instance, Bebird offers BEBIRD R1 Ear Wax Removal Tool, which is an ear otoscope cleaner that features a built-in camera to see inside an individual’s ears for cleaning. These products are widely distributed through eCommerce channels across South Korea.
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Our clientele includes a mix of cerumen removal 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 cerumen removal market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cerumen removal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cerumen removal market size, by end use, 2018-2030 (US$M)
South Korea Cerumen Removal Market Outlook Share, 2023 & 2030 (US$M)
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