South Korea Endotracheal Tube Market Size & Outlook
South Korea endotracheal tube market, 2018-2030 (US$M)
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South Korea endotracheal tube market highlights
- The South Korea endotracheal tube market generated a revenue of USD 19.8 million in 2023 and is expected to reach USD 32.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, regular endotracheal was the largest revenue generating product in 2023.
- Reinforced Endotracheal Tube is the most lucrative product segment registering the fastest growth during the forecast period.
Endotracheal tube market data book summary
| Market revenue in 2023 | USD 19.8 million |
| Market revenue in 2030 | USD 32.1 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Regular endotracheal |
| Fastest growing segment | Reinforced Endotracheal Tube |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regular Endotracheal, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double-lumen Endotracheal Tube |
| Key market players worldwide | Angiplast, Advin Health Care, Sterimed Group, ICU Medical Inc, Medtronic PLC, Teleflex Inc, ConvaTec Group PLC, Hollister, Medline Industries, BD, Pfm Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global endotracheal tube market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China endotracheal tube 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 217.3 million by 2030.
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Endotracheal Tube Market Scope
Endotracheal Tube Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea endotracheal tube 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 endotracheal tube market will help companies and investors design strategic landscapes.
Regular endotracheal was the largest segment with a revenue share of 32.32% in 2023. Horizon Databook has segmented the South Korea endotracheal tube market based on regular endotracheal, reinforced endotracheal tube, preformed endotracheal tube, double-lumen endotracheal tube covering the revenue growth of each sub-segment from 2018 to 2030.
Owing to growing healthcare costs, the endotracheal tube market in South Korea is expected to grow over the forecast period. In South Korea, pricing regulations and reimbursement coverage for medical devices have undergone significant changes during the past 10 years. In addition, the regulations have made some minor advancements (such as the adoption of the Value Appraisal System and Revaluation System), but still much is needed for improvement.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea endotracheal tube market , including forecasts for subscribers. This country databook contains high-level insights into South Korea endotracheal tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea endotracheal tube market size, by product, 2018-2030 (US$M)
South Korea Endotracheal Tube Market Outlook Share, 2023 & 2030 (US$M)
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