South Korea Dry Eye Treatment Devices Market Size & Outlook
South Korea dry eye treatment devices market, 2018-2030 (US$M)
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South Korea dry eye treatment devices market highlights
- The South Korea dry eye treatment devices market generated a revenue of USD 3.9 million in 2023 and is expected to reach USD 6.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, meibomian gland expression (mgx) was the largest revenue generating technology in 2023.
- Broadband light (BBL) is the most lucrative technology segment registering the fastest growth during the forecast period.
Dry eye treatment devices market data book summary
| Market revenue in 2023 | USD 3.9 million |
| Market revenue in 2030 | USD 6.6 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Meibomian gland expression (mgx) |
| Fastest growing segment | Broadband light (BBL) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Broadband light (BBL), Intense Pulsed Light (IPL), Meibomian Gland Expression (MGX), Combination (MGX+IPL) |
| Key market players worldwide | Sight Sciences Inc, Lumenis, Johnson & Johnson, Alcon Inc, MiBo Medical Group, ESW vision |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global dry eye treatment 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 dry eye treatment 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 15.0 million by 2030.
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Dry Eye Treatment Devices Market Scope
Dry Eye Treatment Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea dry eye treatment 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 dry eye treatment devices market will help companies and investors design strategic landscapes.
Meibomian gland expression (mgx) was the largest segment with a revenue share of 41.03% in 2023. Horizon Databook has segmented the South Korea dry eye treatment devices market based on broadband light (bbl), intense pulsed light (ipl), meibomian gland expression (mgx), combination (mgx+ipl) covering the revenue growth of each sub-segment from 2018 to 2030.
DED is a common eye condition in Korea, with approximately 3.2 million Koreans being affected. The total medical spending on dry eye treatment is increasing each year, contributing to the growing demand for efficient treatment options. Therefore, continuous R&D efforts are being undertaken for safe and effective solutions in management of dry eye symptoms.
Such activities are expected to bring novel and innovative medical devices into the market, fueling its growth over the forecast period. For instance, in March 2019, Seodong Medical launched an innovative wearable device, called NURIEYE 5800, which can deliver thermal and pressure forces to the eyelids to reduce DED symptoms. The product was approved by Korea’s Ministry of Food and Drug Safety, enhancing its popularity in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea dry eye treatment devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea dry eye treatment devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dry eye treatment devices market size, by technology, 2018-2030 (US$M)
South Korea Dry Eye Treatment Devices Market Outlook Share, 2023 & 2030 (US$M)
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