South Korea Medical Device Cleaning Market Size & Outlook
South Korea medical device cleaning market, 2018-2030 (US$M)
Related Markets
South Korea medical device cleaning market highlights
- The South Korea medical device cleaning market generated a revenue of USD 283.6 million in 2023 and is expected to reach USD 580.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, semi-critical was the largest revenue generating device in 2023.
- Non-Critical is the most lucrative device segment registering the fastest growth during the forecast period.
Medical device cleaning market data book summary
| Market revenue in 2023 | USD 283.6 million |
| Market revenue in 2030 | USD 580.4 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Semi-critical |
| Fastest growing segment | Non-Critical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Non-Critical, Semi-Critical, Critical |
| Key market players worldwide | Steris PLC, Getinge AB ADR, Fortive Corp, Sotera Health Co Ordinary Shares, Cantel Medical, Ecolab Inc, 3M Co |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global medical device cleaning market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical device cleaning 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 1,499.4 million by 2030.
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Medical Device Cleaning Market Scope
Medical Device Cleaning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea medical device cleaning 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 medical device cleaning market will help companies and investors design strategic landscapes.
Semi-critical was the largest segment with a revenue share of 45.98% in 2023. Horizon Databook has segmented the South Korea medical device cleaning market based on non-critical, semi-critical, critical covering the revenue growth of each sub-segment from 2018 to 2030.
Prevalence of chronic diseases is expected to grow due to the increasing geriatric population, which is highly susceptible to these diseases. According to KCDC, geriatric population is going to increase from 12,5% in 2014 to 30% in 2030.
Korea’s healthcare spending is above the OECD average. Thus, high prevalence of chronic diseases and increasing healthcare spending is anticipated to drive the market.
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Target buyers of South Korea medical device cleaning market databook
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Our clientele includes a mix of medical device cleaning market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea medical device cleaning market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical device cleaning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea medical device cleaning market size, by device, 2018-2030 (US$M)
South Korea Medical Device Cleaning Market Outlook Share, 2023 & 2030 (US$M)
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