South Korea Gastrointestinal Endoscopic Devices Market Size & Outlook
South Korea gastrointestinal endoscopic devices market, 2018-2030 (US$M)
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South Korea gastrointestinal endoscopic devices market highlights
- The South Korea gastrointestinal endoscopic devices market generated a revenue of USD 195.7 million in 2024 and is expected to reach USD 266.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.3% from 2025 to 2030.
- In terms of segment, flexible gastrointestinal endoscopes was the largest revenue generating product in 2024.
- Disposable Gastrointestinal Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Gastrointestinal endoscopic devices market data book summary
| Market revenue in 2024 | USD 195.7 million |
| Market revenue in 2030 | USD 266.7 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Flexible gastrointestinal endoscopes |
| Fastest growing segment | Disposable Gastrointestinal Endoscopes |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Gastrointestinal Endoscopes, Flexible Gastrointestinal Endoscopes, Disposable Gastrointestinal Endoscopes |
| Key market players worldwide | Stryker Corp, Boston Scientific Corp, Johnson & Johnson, FUJIFILM Holdings Corp, Conmed Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global gastrointestinal endoscopic devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gastrointestinal endoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 282.1 million by 2030.
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Gastrointestinal Endoscopic Devices Market Scope
Gastrointestinal Endoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea gastrointestinal endoscopic 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 gastrointestinal endoscopic devices market will help companies and investors design strategic landscapes.
Flexible gastrointestinal endoscopes was the largest segment with a revenue share of 53.81% in 2024. Horizon Databook has segmented the South Korea gastrointestinal endoscopic devices market based on rigid gastrointestinal endoscopes, flexible gastrointestinal endoscopes, disposable gastrointestinal endoscopes covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea’s population is aging rapidly, which makes it susceptible to chronic diseases that would require endoscopic procedures for diagnostic and therapeutic purposes. According to an article published by Korean Herald in January 2020, the proportion of geriatric population relative to the entire population reached 15.5% in 2019.
The country is anticipated to become a super aged population by 2026, wherein the elderly population would account for 20% of the total population. Growing incidence of cancer is another major factor driving the growth of gastrointestinal endoscopy devices market. In 2020, cancer accounted for 51,269,813 deaths and 230,317 new cases in South Korea.
Therefore, growing geriatric population, rising prevalence of cancer, and increasing demand for minimal invasive therapies are expected to propel the market growth over the forecast period. Key players include Karl Storz, Olympus, Pentax Medical, and Fujifilm Corporation.
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Our clientele includes a mix of gastrointestinal endoscopic devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea gastrointestinal endoscopic devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea gastrointestinal endoscopic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea gastrointestinal endoscopic devices market size, by product, 2018-2030 (US$M)
South Korea Gastrointestinal Endoscopic Devices Market Share, 2024 & 2030 (US$M)
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