South Korea Dermatology Devices Market Size & Outlook
South Korea dermatology devices market, 2018-2030 (US$M)
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South Korea dermatology devices market highlights
- The South Korea dermatology devices market generated a revenue of USD 157.2 million in 2023 and is expected to reach USD 334.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, treatment devices was the largest revenue generating product in 2023.
- Treatment devices is the most lucrative product segment registering the fastest growth during the forecast period.
Dermatology devices market data book summary
| Market revenue in 2023 | USD 157.2 million |
| Market revenue in 2030 | USD 334.6 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Treatment devices |
| Fastest growing segment | Treatment devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic devices, Treatment devices |
| Key market players worldwide | Fosun International Ltd, Bausch Health Companies Inc, Cutera Inc, Ambicare Health |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global dermatology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan dermatology devices 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 1,673.3 million by 2030.
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Dermatology Devices Market Scope
Dermatology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea dermatology 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 dermatology devices market will help companies and investors design strategic landscapes.
Treatment devices was the largest segment with a revenue share of 80.34% in 2023. Horizon Databook has segmented the South Korea dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is the 8th largest aesthetic market in the world, having the highest number of esthetic procedures per capita globally, with 600+ clinics in Seoul alone. Key market drivers include increasing scope of medical tourism, growing public awareness about skin treatments, availability of technologically advanced devices, increasing geriatric population, and presence of extremely beauty-conscious individuals.
The advent of new technologies is expected to further boost the adoption of new cosmetic procedures. Cosmetic treatment cost in South Korea is approximately 40% to 80% lower than that in other countries. Thus, thousands of people travel to the country every year to undergo various surgical and nonsurgical procedures.
According to Allure, Koreans meeting dermatologists on a weekly basis for maintenance treatments is very common, and HA fillers are most preferred by them. The country also stands fifth globally in terms of largest pool of esthetic professionals.
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Target buyers of South Korea dermatology devices market databook
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Our clientele includes a mix of dermatology devices 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 dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dermatology devices market size, by product, 2018-2030 (US$M)
South Korea Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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