South Korea Infertility Treatment Devices And Equipment Market Size & Outlook
South Korea infertility treatment devices and equipment market, 2018-2030 (US$M)
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South Korea infertility treatment devices and equipment market highlights
- The South Korea infertility treatment devices and equipment market generated a revenue of USD 2.5 million in 2022 and is expected to reach USD 6.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.5% from 2023 to 2030.
- In terms of segment, sperm separation device was the largest revenue generating type in 2022.
- Imaging System is the most lucrative type segment registering the fastest growth during the forecast period.
Infertility treatment devices and equipment market data book summary
| Market revenue in 2022 | USD 2.5 million |
| Market revenue in 2030 | USD 6.0 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Sperm separation device |
| Fastest growing segment | Imaging System |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ovum Aspiration Pumps, Sperm Separation Device, Sperm Analyzer Systems, Micromanipulators Systems, Incubators, Cryosystems, Imaging System, Microscopes |
| Key market players worldwide | The Cooper Companies Inc, Cook Medical, Vitrolife AB ADR, Eppendorf, AB Science, Hamilton Thorne Ltd, Rocket Pharmaceuticals Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global infertility treatment devices and equipment market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan infertility treatment devices and equipment 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 46.0 million by 2030.
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Infertility Treatment Devices And Equipment Market Scope
Infertility Treatment Devices And Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea infertility treatment devices and equipment 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 infertility treatment devices and equipment market will help companies and investors design strategic landscapes.
Sperm separation device was the largest segment with a revenue share of 16% in 2022. Horizon Databook has segmented the South Korea infertility treatment devices and equipment market based on ovum aspiration pumps, sperm separation device, sperm analyzer systems, micromanipulators systems, incubators, cryosystems, imaging system, microscopes covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea infertility treatment devices & equipment market is anticipated to grow at a considerable growth rate over the forecast period. This can be attributed to increasing infertility in males, growing awareness among the common population regarding infertility, and the availability of ART in the country.
As per Cable News Network, South Korea recently broke its record for the lowest fertility rate in the world. Furthermore, according to a survey by NCBI, 29.2% of the population was diagnosed with abnormal sperm counts, while 10.5% was diagnosed with azoospermia.
This may increase the usage of ARTs, boosting market growth. However, as per an article by NCBI in 2020, awareness among men & women regarding fertility was very low. This may restrain the market growth.
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Our clientele includes a mix of infertility treatment devices and equipment 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 infertility treatment devices and equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea infertility treatment devices and equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea infertility treatment devices and equipment market size, by type, 2018-2030 (US$M)
South Korea Infertility Treatment Devices And Equipment Market Outlook Share, 2022 & 2030 (US$M)
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