South Korea Instrumentation Sterilization Containers Market Size & Outlook
South Korea instrumentation sterilization containers market, 2018-2030 (US$M)
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South Korea instrumentation sterilization containers market highlights
- The South Korea instrumentation sterilization containers market generated a revenue of USD 7.8 million in 2023 and is expected to reach USD 12.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, sterilization containers was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
Instrumentation sterilization containers market data book summary
| Market revenue in 2023 | USD 7.8 million |
| Market revenue in 2030 | USD 12.6 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Sterilization containers |
| Fastest growing segment | Accessories |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sterilization Containers, Accessories |
| Key market players worldwide | Aesculap, Medline Industries, Becton Dickinson & Co, DePuy Synthes, Integra LifeSciences, KLS Martin Group, Asel-Tech, Bahadir Medical Devices, MELAG medical technology, Case Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global instrumentation sterilization containers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China instrumentation sterilization containers 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 26.7 million by 2030.
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Instrumentation Sterilization Containers Market Scope
Instrumentation Sterilization Containers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea instrumentation sterilization containers 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 instrumentation sterilization containers market will help companies and investors design strategic landscapes.
Sterilization containers was the largest segment with a revenue share of 78.21% in 2023. Horizon Databook has segmented the South Korea instrumentation sterilization containers market based on sterilization containers, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The advancements in medical technology, the increasing prevalence of chronic disorders, rising elderly population, surging income levels, and growing consumer expectations are expected to drive up demand for medical solutions.
The increase in HAIs is also expected to contribute significantly to market expansion within the country. As per the data from the NSW government, approximately 165,000 HAIs occur in Australian healthcare facilities annually, making them the most prevalent complications affecting hospitalized patients.
Moreover, HAIs cause immense suffering for patients and strain healthcare resources, accounting for an estimated two million hospital bed days in Australia annually. Most HAIs are preventable adverse events rather than unpredictable health complications.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea instrumentation sterilization containers market , including forecasts for subscribers. This country databook contains high-level insights into South Korea instrumentation sterilization containers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea instrumentation sterilization containers market size, by product, 2018-2030 (US$M)
South Korea Instrumentation Sterilization Containers Market Outlook Share, 2023 & 2030 (US$M)
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