South Korea Guidewires Market Size & Outlook, 2023-2030
South Korea guidewires market, 2018-2030 (US$M)
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South Korea guidewires market highlights
- The South Korea guidewires market generated a revenue of USD 79.4 million in 2023 and is expected to reach USD 116.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Neurovascular guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
Guidewires market data book summary
| Market revenue in 2023 | USD 79.4 million |
| Market revenue in 2030 | USD 116.8 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.1% of the global guidewires market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China guidewires 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 171.0 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea guidewires 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 guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 42.7% in 2023. Horizon Databook has segmented the South Korea guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
CVDs are among the major causes of death in Korea. According to the statistics published by Health Data, in 2017, about 753.8 per 100,000 suffered from stroke in South Korea. The growth of the market in this region can be attributed to factors such as increase in population, rise in patient awareness, and increase in disposable income.
In addition, a large population is suffering from chronic diseases in this region. This is expected to contribute to market growth over the forecast period.
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Our clientele includes a mix of guidewires 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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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 guidewires market , including forecasts for subscribers. This country databook contains high-level insights into South Korea guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea guidewires market size, by product, 2018-2030 (US$M)
South Korea Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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