South Korea Implantable Neurostimulators Market Size & Outlook
South Korea implantable neurostimulators market, 2016-2027 (US$M)
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South Korea implantable neurostimulators market highlights
- The South Korea implantable neurostimulators market generated a revenue of USD 60.6 million in 2020 and is expected to reach USD 135.6 million by 2027.
- The South Korea market is expected to grow at a CAGR of 12.2% from 2021 to 2027.
- In terms of segment, spinal cord stimulator was the largest revenue generating type in 2020.
- Sacral Nerve Stimulator is the most lucrative type segment registering the fastest growth during the forecast period.
Implantable neurostimulators market data book summary
| Market revenue in 2020 | USD 60.6 million |
| Market revenue in 2027 | USD 135.6 million |
| Growth rate | 12.2% (CAGR from 2020 to 2027) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Electric Stimulator |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Boston Scientific Corp, Nevro Corp, LivaNova PLC, NeuroPace Inc, Aleva Neurotherapeutics, Synapse Biomedical |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global implantable neurostimulators market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China implantable neurostimulators market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 267.0 million by 2027.
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Implantable Neurostimulators Market Scope
Implantable Neurostimulators Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea implantable neurostimulators 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 implantable neurostimulators market will help companies and investors design strategic landscapes.
Spinal cord stimulator was the largest segment with a revenue share of 52.97% in 2020. Horizon Databook has segmented the South Korea implantable neurostimulators market based on spinal cord stimulator, deep brain stimulator, sacral nerve stimulator, vagus nerve stimulator, gastric electric stimulator covering the revenue growth of each sub-segment from 2016 to 2027.
- South Korea Implantable Neurostimulators Type Outlook (Revenue, USD Million, 2016-2027)
- Spinal Cord Stimulator
- Deep Brain Stimulator
- Sacral Nerve Stimulator
- Vagus Nerve Stimulator
- Gastric Electric Stimulator
- South Korea Implantable Neurostimulators Application Outlook (Revenue, USD Million, 2016-2027)
- Pain Management
- Epilepsy
- Urinary and Fecal Incontinence
- Gastroparesis
- Others
- Parkinson's Disease
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea implantable neurostimulators market, including forecasts for subscribers. This country databook contains high-level insights into South Korea implantable neurostimulators market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea implantable neurostimulators market size, by type, 2016-2027 (US$M)
South Korea Implantable Neurostimulators Market Share, 2020 & 2027 (US$M)
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