South Korea Endometrial Ablation Market Size & Outlook
South Korea endometrial ablation market, 2018-2030 (US$M)
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South Korea endometrial ablation market highlights
- The South Korea endometrial ablation market generated a revenue of USD 24.5 million in 2023 and is expected to reach USD 35.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating methods in 2023.
- Cryoablation is the most lucrative methods segment registering the fastest growth during the forecast period.
Endometrial ablation market data book summary
| Market revenue in 2023 | USD 24.5 million |
| Market revenue in 2030 | USD 35.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Cryoablation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryoablation, Radiofrequency ablation, Hydrothermal ablation, Thermal Balloon, Microwave energy |
| Key market players worldwide | Medtronic PLC, The Cooper Companies Inc, Boston Scientific Corp, Johnson & Johnson, Olympus Corp, AngioDynamics Inc, Hologic Inc, Minerva Surgical Inc, Richard Wolf |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global endometrial ablation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China endometrial ablation 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 78.4 million by 2030.
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Endometrial Ablation Market Scope
Endometrial Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea endometrial ablation 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 endometrial ablation market will help companies and investors design strategic landscapes.
Radiofrequency ablation was the largest segment with a revenue share of 53.06% in 2023. Horizon Databook has segmented the South Korea endometrial ablation market based on cryoablation, radiofrequency ablation, hydrothermal ablation, thermal balloon, microwave energy covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of cancer, including cervical cancer, ovarian cancer, and vaginal cancer, is expected to drive demand for endometrial ablation devices. In addition, several strategic initiatives by market players in the country are contributing to the market growth.
For instance, in December 2022, RF Medical Co., Ltd., a Korean-based medical company, announced receiving FDA authorization for its MYOBLATE radiofrequency ablation system. This medical device is usually used to address tumors and damaged tissue.
Constant advancements in the country are expected to lead to an increase in awareness among the country’s population regarding early prevention and treatment of endometrial cancers and further positively impact the market growth.
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Our clientele includes a mix of endometrial ablation 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 endometrial ablation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea endometrial ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea endometrial ablation market size, by methods, 2018-2030 (US$M)
South Korea Endometrial Ablation Market Outlook Share, 2023 & 2030 (US$M)
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