South Korea Extracorporeal Co2 Removal Devices Market Size & Outlook
South Korea extracorporeal co2 removal devices market, 2017-2030 (US$M)
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South Korea extracorporeal co2 removal devices market highlights
- The South Korea extracorporeal co2 removal devices market generated a revenue of USD 1.7 million in 2022 and is expected to reach USD 3.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, extracorporeal co2 machines was the largest revenue generating product in 2022.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Extracorporeal co2 removal devices market data book summary
| Market revenue in 2022 | USD 1.7 million |
| Market revenue in 2030 | USD 3.2 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Extracorporeal co2 machines |
| Fastest growing segment | Other Products |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extracorporeal CO2 machines, Disposables, Other Products |
| Key market players worldwide | Medtronic PLC, Getinge AB ADR, Fresenius Medical Care AG, LivaNova PLC, Aferetica, Estor |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global extracorporeal co2 removal devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China extracorporeal co2 removal 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 8.7 million by 2030.
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Extracorporeal CO2 Removal Devices Market Scope
Extracorporeal CO2 Removal Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea extracorporeal co2 removal 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 extracorporeal co2 removal devices market will help companies and investors design strategic landscapes.
Extracorporeal co2 machines was the largest segment with a revenue share of 52.94% in 2022. Horizon Databook has segmented the South Korea extracorporeal co2 removal devices market based on extracorporeal co2 machines, disposables, other products covering the revenue growth of each sub-segment from 2017 to 2030.
South Korea accounted for a 10.1% market share in 2021. Growing adoption of ECCO2R devices for treating critically ill COVID-19 patients in the country has been a major growth factor. Furthermore, various ECMO multicenter studies conducted in Korean patients indicate improved survival rates in patients with respiratory failure in the country.
In addition, improvements in healthcare spending signify market growth. The per capita healthcare spending increased to USD 2,543 in 2018, accounting for a 12.6% increase from 2017
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea extracorporeal co2 removal devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea extracorporeal co2 removal devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea extracorporeal co2 removal devices market size, by product, 2017-2030 (US$M)
South Korea Extracorporeal CO2 Removal Devices Market Share, 2022 & 2030 (US$M)
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