South Korea External Defibrillators Market Size & Outlook
South Korea external defibrillators market, 2018-2030 (US$M)
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South Korea external defibrillators market highlights
- The South Korea external defibrillators market generated a revenue of USD 110.7 million in 2023 and is expected to reach USD 214.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, hospitals was the largest revenue generating end use in 2023.
- Outpatient Facilities is the most lucrative end use segment registering the fastest growth during the forecast period.
External defibrillators market data book summary
| Market revenue in 2023 | USD 110.7 million |
| Market revenue in 2030 | USD 214.7 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Outpatient Facilities |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Homecare |
| Key market players worldwide | Koninklijke Philips NV, Stryker Corp, ZOLL Medical Corporation, Nihon Kohden Corp, SCHILLER, shenzhen mindray automation equipment co., Mediana, GP Progetti srl, Bexen Cardio, Silverline Meditech |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global external defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan external defibrillators market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 76.2 million by 2030.
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External Defibrillators Market Scope
External Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea external defibrillators 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 external defibrillators market will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 48.69% in 2023. Horizon Databook has segmented the South Korea external defibrillators market based on hospitals, outpatient facilities, homecare covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean government's mandate to install AEDs in public facilities is a major market driver. According to an article published by NCBI, South Korea has made it mandatory for public facilities such as housing with more than 500 households, passenger terminals, racecourses, subway stations, prisons, casinos, athletic fields with more than 5,000 seats, and government buildings to install AEDs.
The government requires the registration of AEDs and the annual reporting of equipment maintenance status. However, the market is expected to exhibit notable growth in the coming years due to the growing deployment of public access AEDs, growing initiatives by public & private sectors, and advanced healthcare infrastructure.
An April 2020 study conducted by Gachon University, South Korea, identified the need to strengthen the supply and distribution of AEDs in golf courses in the country. The study estimated that 5,880 to 15,764 AEDs should be deployed to comply with the American Heart Association (AHA) recommendations.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea external defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into South Korea external defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea external defibrillators market size, by end use, 2018-2030 (US$M)
South Korea External Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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