South Korea Chronic Wound Care Market Size & Outlook
South Korea chronic wound care market, 2018-2030 (US$M)
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South Korea chronic wound care market highlights
- The South Korea chronic wound care market generated a revenue of USD 178.8 million in 2023 and is expected to reach USD 248.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, advanced wound dressing was the largest revenue generating product in 2023.
- Advanced Wound Dressing is the most lucrative product segment registering the fastest growth during the forecast period.
Chronic wound care market data book summary
| Market revenue in 2023 | USD 178.8 million |
| Market revenue in 2030 | USD 248.5 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Advanced wound dressing |
| Fastest growing segment | Advanced Wound Dressing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care, Wound Therapy Devices |
| Key market players worldwide | Johnson & Johnson, Baxter International Inc, Coloplast A/S ADR, 3M Co, ConvaTec Group PLC, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, Medline Industries, Molnlycke Health Care, Paul Hartmann |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global chronic wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chronic wound care 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 492.4 million by 2030.
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Chronic Wound Care Market Scope
Chronic Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea chronic wound care 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 chronic wound care market will help companies and investors design strategic landscapes.
Advanced wound dressing was the largest segment with a revenue share of 35.18% in 2023. Horizon Databook has segmented the South Korea chronic wound care market based on advanced wound dressing, surgical wound care, traditional wound care, wound therapy devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing geriatric population and growing incidence of chronic diseases in South Korea are major drivers of the market. For instance, as per World Bank, the geriatric population in South Korea accounted for around 13.43% in 2016 whereas in 2017 it accounted for around 13.91%.
Furthermore, increasing healthcare expenditure and favorable government policies for approval of products has encouraged several major players to enter into this market. Therefore, South Korea market is expected to witness considerable growth over the forecast period.
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Target buyers of South Korea chronic wound care market databook
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Our clientele includes a mix of chronic wound care market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea chronic wound care market , including forecasts for subscribers. This country databook contains high-level insights into South Korea chronic wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea chronic wound care market size, by product, 2018-2030 (US$M)
South Korea Chronic Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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