South Korea Disposable Surgical Devices Market Size & Outlook
South Korea disposable surgical devices market, 2018-2030 (US$M)
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South Korea disposable surgical devices market highlights
- The South Korea disposable surgical devices market generated a revenue of USD 93.3 million in 2023 and is expected to reach USD 149.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Disposable surgical devices market data book summary
| Market revenue in 2023 | USD 93.3 million |
| Market revenue in 2030 | USD 149.7 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | B. Braun Medical, B. Braun, Smith & Nephew PLC, Aspen Pharmacare Holdings Ltd, Alcon Inc, Zimmer Biomet Holdings Inc, Medtronic PLC, Becton Dickinson & Co, Johnson & Johnson, The Cooper Companies Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global disposable surgical 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 disposable surgical devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 481.0 million by 2030.
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Disposable Surgical Devices Market Scope
Disposable Surgical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea disposable surgical 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 disposable surgical devices market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.87% in 2023. Horizon Databook has segmented the South Korea disposable surgical devices market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a large patient pool for cosmetic surgeries is anticipated to drive the demand for disposable surgical devices in South Korea. According to the International Society of Aesthetic Plastic Surgery (ISAPS), based on per capita, South Korea ranks first, with 13.5 cosmetic procedures performed per 1,000 individuals.
This number is expected to increase if general cosmetic practitioners are taken into consideration. The country also has 5.1% of the global pool of cosmetic professionals. Initiatives undertaken by organizations, such as the Korean Society of Plastic and Reconstructive Surgeons.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea disposable surgical devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea disposable surgical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea disposable surgical devices market size, by product, 2018-2030 (US$M)
South Korea Disposable Surgical Devices Market Outlook Share, 2023 & 2030 (US$M)
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