South Korea Laparoscopic Devices Market Size & Outlook
South Korea laparoscopic devices market, 2018-2030 (US$M)
Related Markets
South Korea laparoscopic devices market highlights
- The South Korea laparoscopic devices market generated a revenue of USD 124.8 million in 2023 and is expected to reach USD 208.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 124.8 million |
| Market revenue in 2030 | USD 208.6 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global laparoscopic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laparoscopic devices 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 452.8 million by 2030.
Energy systems was the largest segment with a revenue share of 25.32% in 2023. Horizon Databook has segmented the South Korea laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean market is majorly driven by rapidly aging population, rising prevalence of chronic diseases, and growing esthetic consciousness. In 2017, the elderly accounted for 14% of the South Korean population. Moreover, growing medical tourism is fueling the laparoscopic devices market.
South Korean market is growing due to rising awareness about surgical procedures among the people and technological advancements in surgical instruments. According to International Society of Plastic Surgeons, South Korea ranked third in the world for number of plastic surgeons (2,230).
Furthermore, there has been a significant rise in the number of noninvasive surgical procedures. These factors are expected to boost the South Korean laparoscopic devices market growth over the forecast period.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea laparoscopic devices market size, by product, 2018-2030 (US$M)
South Korea Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
