South Korea Laparoscopic Retrieval Bag Market Size & Outlook
South Korea laparoscopic retrieval bag market, 2018-2030 (US$M)
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South Korea laparoscopic retrieval bag market highlights
- The South Korea laparoscopic retrieval bag market generated a revenue of USD 6.4 million in 2023 and is expected to reach USD 11.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, detachable retrieval bags was the largest revenue generating type in 2023.
- Detachable Retrieval Bags is the most lucrative type segment registering the fastest growth during the forecast period.
Laparoscopic retrieval bag market data book summary
| Market revenue in 2023 | USD 6.4 million |
| Market revenue in 2030 | USD 11.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Detachable retrieval bags |
| Fastest growing segment | Detachable Retrieval Bags |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Detachable Retrieval Bags, Non-detachable Retrieval Bags |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, B. Braun, Richard Wolf, LaproSurge, Vernacare, PURPLE SURGICAL MANUFACTURING LIMITED |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global laparoscopic retrieval bag 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 retrieval bag 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 25.1 million by 2030.
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Laparoscopic Retrieval Bag Market Scope
Laparoscopic Retrieval Bag Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea laparoscopic retrieval bag 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 laparoscopic retrieval bag market will help companies and investors design strategic landscapes.
Detachable retrieval bags was the largest segment with a revenue share of 65.63% in 2023. Horizon Databook has segmented the South Korea laparoscopic retrieval bag market based on detachable retrieval bags, non-detachable retrieval bags covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea laparoscopic retrieval bag market is majorly driven by the increasing prevalence of obesity and gynecological disorders such as endometriosis, the government’s efforts to promote healthcare innovation, and growing investment in medical technology.
South Korean MedTech companies are forming strong partnerships with international players, creating opportunities for collaboration and expansion. The country’s high-quality healthcare system and increasing awareness of endometriosis are anticipated to drive the demand for laparoscopic retrieval bags.
Moreover, the increasing prevalence of cervical cancer is another factor fueling the laparoscopic retrieval bag market growth. It is the second most common gynecological cancer in South Korea. For instance, according to the Human Papillomavirus and Related Cancers Fact Sheet 2023, cervical cancer is the most prevalent type of HPV-related cancer, with a crude incidence rate of 12.6 per 100,000 people in 2023.
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Our clientele includes a mix of laparoscopic retrieval bag market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea laparoscopic retrieval bag market , including forecasts for subscribers. This country databook contains high-level insights into South Korea laparoscopic retrieval bag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea laparoscopic retrieval bag market size, by type, 2018-2030 (US$M)
South Korea Laparoscopic Retrieval Bag Market Outlook Share, 2023 & 2030 (US$M)
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