South Korea Heart-lung Machine Market Size & Outlook
The heart-lung machine market in South Korea is expected to reach a projected revenue of US$ 114.4 million by 2030. A compound annual growth rate of 7.4% is expected of South Korea heart-lung machine market from 2024 to 2030.
Revenue, 2023 (US$M)
$69.3
Forecast, 2030 (US$M)
$114.4
CAGR, 2024 - 2030
7.4%
Report Coverage
South Korea
South Korea heart-lung machine market, 2018-2030 (US$M)
Related Markets
South Korea heart-lung machine market highlights
- The South Korea heart-lung machine market generated a revenue of USD 69.3 million in 2023 and is expected to reach USD 114.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, oxygenators was the largest revenue generating component in 2023.
- Monitoring Systems is the most lucrative component segment registering the fastest growth during the forecast period.
Heart-lung machine market data book summary
| Market revenue in 2023 | USD 69.3 million |
| Market revenue in 2030 | USD 114.4 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Oxygenators |
| Fastest growing segment | Monitoring Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygenators, Pumps, Cannula, Monitoring Systems, Heat Exchanger Units, Blood Reservoir |
| Key market players worldwide | Medtronic PLC, Terumo Corp, LivaNova PLC, Getinge AB ADR, Nipro Corp, Tianjin Port Development Holdings Ltd, Mera Pharmaceuticals Inc, Biomedical Braille, Elite Care, Hemovent, Technowood |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global heart-lung machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan heart-lung machine 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 200.8 million by 2030.
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Heart-lung Machine Market Scope
Heart-lung machine market segmentation & scope
Others
Heart-lung Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea heart-lung machine 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 heart-lung machine market will help companies and investors design strategic landscapes.
Oxygenators was the largest segment with a revenue share of 25.97% in 2023. Horizon Databook has segmented the South Korea heart-lung machine market based on oxygenators, pumps, cannula, monitoring systems, heat exchanger units, blood reservoir covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Heart-lung Machine Component Outlook (Revenue, USD Million, 2018-2030)
- Oxygenators
- Pumps
- Cannula
- Monitoring Systems
- Heat Exchanger Units
- Blood Reservoir
- Others
- South Korea Heart-lung Machine Application Outlook (Revenue, USD Million, 2018-2030)
- Coronary Artery Bypass Grafting (CABG)
- Heart Valve Surgeries
- Heart Transplant
- Lung Transplant
- Others
- South Korea Heart-lung Machine End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Cardiac Centers
- Others
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Our clientele includes a mix of heart-lung machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea heart-lung machine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea heart-lung machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea heart-lung machine market outlook size, by component, 2018-2030 (US$M)
South Korea Heart-lung Machine Market Outlook Share, 2023 & 2030 (US$M)
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