South Korea Lower Limb Prosthetics Market Size & Outlook
The lower limb prosthetics market in South Korea is expected to reach a projected revenue of US$ 10.3 million by 2030. A compound annual growth rate of 8.8% is expected of South Korea lower limb prosthetics market from 2024 to 2030.
Revenue, 2023 (US$M)
$5.7
Forecast, 2030 (US$M)
$10.3
CAGR, 2024 - 2030
8.8%
Report Coverage
South Korea
South Korea lower limb prosthetics market, 2018-2030 (US$M)
Related Markets
South Korea lower limb prosthetics market highlights
- The South Korea lower limb prosthetics market generated a revenue of USD 5.7 million in 2023 and is expected to reach USD 10.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, prosthetic leg was the largest revenue generating type in 2023.
- Prosthetic Hip is the most lucrative type segment registering the fastest growth during the forecast period.
Lower limb prosthetics market data book summary
| Market revenue in 2023 | USD 5.7 million |
| Market revenue in 2030 | USD 10.3 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Prosthetic leg |
| Fastest growing segment | Prosthetic Hip |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Prosthetic Foot, Prosthetic Knee, Prosthetic Leg, Prosthetic Ankle, Prosthetic Hip |
| Key market players worldwide | Enovis Corp, Embla Medical hf, Ottobock, DePuy Synthes, Fillauer, Endolite India, Ossur, Eqwal, IT Consol Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.5% of the global lower limb prosthetics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lower limb prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 10.3 million by 2030.
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Lower Limb Prosthetics Market Scope
Lower limb prosthetics market segmentation & scope
Lower Limb Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea lower limb prosthetics 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 lower limb prosthetics market will help companies and investors design strategic landscapes.
Prosthetic leg was the largest segment with a revenue share of 31.58% in 2023. Horizon Databook has segmented the South Korea lower limb prosthetics market based on prosthetic foot, prosthetic knee, prosthetic leg, prosthetic ankle, prosthetic hip covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Lower Limb Prosthetics Type Outlook (Revenue, USD Million, 2018-2030)
- Prosthetic Foot
- Prosthetic Knee
- Prosthetic Leg
- Prosthetic Ankle
- Prosthetic Hip
- South Korea Lower Limb Prosthetics Technology Outlook (Revenue, USD Million, 2018-2030)
- Conventional Lower Extremity Prosthetics
- Electric Powered Lower Extremity Prosthetics
- Hybrid Lower Extremity Prosthetics
- South Korea Lower Limb Prosthetics End User Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Clinics
- Others
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Target buyers of South Korea lower limb prosthetics market databook
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Our clientele includes a mix of lower limb prosthetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea lower limb prosthetics market, including forecasts for subscribers. This country databook contains high-level insights into South Korea lower limb prosthetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea lower limb prosthetics market report size, by type, 2018-2030 (US$M)
South Korea Lower Limb Prosthetics Market Share, 2023 & 2030 (US$M)
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