South Korea Diabetes Devices Market Size & Outlook
South Korea diabetes devices market, 2018-2030 (US$M)
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South Korea diabetes devices market highlights
- The South Korea diabetes devices market generated a revenue of USD 340.4 million in 2023 and is expected to reach USD 602.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, insulin delivery devices was the largest revenue generating type in 2023.
- Insulin Delivery Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Diabetes devices market data book summary
| Market revenue in 2023 | USD 340.4 million |
| Market revenue in 2030 | USD 602.1 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Roche Holding AG, Bayer AG, Johnson & Johnson, B. Braun, DexCom Inc, Insulet Corp, Ypsomed Holding AG, Sanofi SA, Novo Nordisk A/S ADR, Arkray |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global diabetes 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 diabetes 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 2,913.3 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea diabetes 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 diabetes devices market will help companies and investors design strategic landscapes.
Insulin delivery devices was the largest segment with a revenue share of 54.17% in 2023. Horizon Databook has segmented the South Korea diabetes devices market based on blood glucose monitoring (bgm) devices, insulin delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
To fulfill the regional and global demand for diabetes devices along with diabetes devices, South Korea is considering all the essential steps to support the country’s major market players. With an increase in foreign demand for Korean-made diabetes devices, domestic companies are aiming for global market with competitive services & prices.
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Target buyers of South Korea diabetes devices market databook
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Our clientele includes a mix of diabetes devices 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 diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea diabetes devices market size, by type, 2018-2030 (US$M)
South Korea Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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