South Korea Kyphoplasty Market Size & Outlook, 2022-2030
South Korea kyphoplasty market, 2018-2030 (US$M)
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South Korea kyphoplasty market highlights
- The South Korea kyphoplasty market generated a revenue of USD 7.1 million in 2022 and is expected to reach USD 11.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, bone access devices was the largest revenue generating product in 2022.
- Balloon Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Kyphoplasty market data book summary
| Market revenue in 2022 | USD 7.1 million |
| Market revenue in 2030 | USD 11.4 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Bone access devices |
| Fastest growing segment | Balloon Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Balloon Catheters, Bone Access Devices, Cement Application Products, Instruments |
| Key market players worldwide | Stryker Corp, Medtronic PLC, Smith & Nephew PLC, MicroPort Scientific Corp, Johnson & Johnson, Halma PLC, CareFusion, Merit Medical Systems Inc, iMedicom, Seawon Meditech, Joline, G21, Joimax |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global kyphoplasty market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan kyphoplasty market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.1 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea kyphoplasty 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 kyphoplasty market will help companies and investors design strategic landscapes.
Bone access devices was the largest segment with a revenue share of 42.25% in 2022. Horizon Databook has segmented the South Korea kyphoplasty market based on balloon catheters, bone access devices, cement application products, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The kyphoplasty market in South Korea is anticipated to witness significant growth due to rising prevalence of osteoporosis and growing geriatric population. Moreover, limitations associated with the traditional techniques and technological advancements by market participants are anticipated to boost market growth.
Some of the major kyphoplasty market players in the country are Alphatec Spine; Stryker Corporation; BMK Global Medical Company; Medtronic; CareFusion; iMEDICOM, Inc.; Taeyeon Medical Co.; Smith + Nephew; G21 Srl; DePuy Synthes (Johnson & Johnson Services, Inc.); Osseon LLC; and Zimmer Biomet.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into South Korea kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea kyphoplasty market size, by product, 2018-2030 (US$M)
South Korea Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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