South Korea Intracranial Pressure Monitoring Devices Market Size & Outlook
South Korea intracranial pressure monitoring devices market, 2018-2030 (US$M)
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South Korea intracranial pressure monitoring devices market highlights
- The South Korea intracranial pressure monitoring devices market generated a revenue of USD 39.0 million in 2023 and is expected to reach USD 67.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, invasive was the largest revenue generating technique in 2023.
- Non-invasive is the most lucrative technique segment registering the fastest growth during the forecast period.
Intracranial pressure monitoring devices market data book summary
| Market revenue in 2023 | USD 39.0 million |
| Market revenue in 2030 | USD 67.6 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Invasive |
| Fastest growing segment | Non-invasive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Invasive, Non-invasive |
| Key market players worldwide | Medtronic PLC, Integra LifeSciences, Raumedic AG, Sophysa, Spiegelberg, Natus Medical, NovaSignal |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global intracranial pressure monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan intracranial pressure monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 155.1 million by 2030.
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Intracranial Pressure Monitoring Devices Market Scope
Intracranial Pressure Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea intracranial pressure monitoring devices 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 intracranial pressure monitoring devices market will help companies and investors design strategic landscapes.
Invasive was the largest segment with a revenue share of 79.49% in 2023. Horizon Databook has segmented the South Korea intracranial pressure monitoring devices market based on invasive, non-invasive covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean market is majorly driven by a rapidly aging population, rising prevalence of chronic diseases, and high esthetic consciousness among people. In 2017, the elderly population in South Korea accounted for 14.0% of the population.
Moreover, growing medical tourism is also fueling the intracranial pressure monitoring devices market. South Korea’s intracranial pressure monitoring devices market is anticipated to witness moderate growth over the forecast period due to increasing healthcare expenditure.
For instance, as per the report published by the According to OECD’s Health Statistics 2019, Korea's healthcare expenditure in 2018 was around 144.4 trillion won (0.12 trillion USD), up by 9.4% from 2017. Such an increase can encourage more players to enter the local market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea intracranial pressure monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intracranial pressure monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intracranial pressure monitoring devices market size, by technique, 2018-2030 (US$M)
South Korea Intracranial Pressure Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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