South Korea Inhalation Anesthesia Market Size & Outlook
South Korea inhalation anesthesia market, 2018-2030 (US$M)
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South Korea inhalation anesthesia market highlights
- The South Korea inhalation anesthesia market generated a revenue of USD 17.3 million in 2022 and is expected to reach USD 36.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, sevoflurane was the largest revenue generating drug in 2022.
- Isoflurane is the most lucrative drug segment registering the fastest growth during the forecast period.
Inhalation anesthesia market data book summary
| Market revenue in 2022 | USD 17.3 million |
| Market revenue in 2030 | USD 36.7 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Sevoflurane |
| Fastest growing segment | Isoflurane |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sevoflurane, Desflurane, Isoflurane |
| Key market players worldwide | Baxter International Inc, AbbVie Inc, Fresenius SE & Co KGaA, Sandoz Group AG ADR, Piramal Enterprises, Halocarbon Products Corporation, Lunan Pharmaceutical Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global inhalation anesthesia market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China inhalation anesthesia 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 104.2 million by 2030.
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Inhalation Anesthesia Market Scope
Inhalation Anesthesia Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea inhalation anesthesia 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 inhalation anesthesia market will help companies and investors design strategic landscapes.
Sevoflurane was the largest segment with a revenue share of 63.58% in 2024. Horizon Databook has segmented the South Korea inhalation anesthesia market based on sevoflurane, desflurane, isoflurane covering the revenue growth of each sub-segment from 2018 to 2030.
The inhalation anesthesia market in South Korea is expected to experience significant growth, driven by an increasing number of surgical procedures and a rising geriatric population. Key inhalation anesthetics such as isoflurane, sevoflurane, and desflurane play a crucial role in this growth.
With sevoflurane currently dominating the market due to its rapid onset and recovery characteristics, making it the preferred choice among anesthesiologists. However, isoflurane is expected to witness the highest growth rate, particularly in cost-sensitive markets.
As it is significantly less expensive than its counterparts, appealing to healthcare providers focused on budget constraints.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea inhalation anesthesia market databook
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Our clientele includes a mix of inhalation anesthesia 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea inhalation anesthesia market , including forecasts for subscribers. This country databook contains high-level insights into South Korea inhalation anesthesia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea inhalation anesthesia market size, by drug, 2018-2030 (US$M)
South Korea Inhalation Anesthesia Market Outlook Share, 2024 & 2030 (US$M)
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