South Korea Medical Textile Market Size & Outlook
South Korea medical textile market, 2017-2028 (US$M)
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South Korea medical textile market highlights
- The South Korea medical textile market generated a revenue of USD 651.5 million in 2019 and is expected to reach USD 990.8 million by 2028.
- The South Korea market is expected to grow at a CAGR of 4.8% from 2020 to 2028.
- In terms of segment, implantable goods was the largest revenue generating application in 2019.
- Healthcare & Hygiene Products is the most lucrative application segment registering the fastest growth during the forecast period.
Medical textile market data book summary
| Market revenue in 2019 | USD 651.5 million |
| Market revenue in 2028 | USD 990.8 million |
| Growth rate | 4.8% (CAGR from 2019 to 2028) |
| Largest segment | Implantable goods |
| Fastest growing segment | Healthcare & Hygiene Products |
| Historical data | 2017 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products |
| Key market players worldwide | Anterix Inc, Freudenberg, Trelleborg AB ADR, Indorama Ventures PCL ADR, Fitesa, Schouw & Co., Kimberly-Clark Corp, Partners Group Holding AG, Bally Ribbon Mills, Herculite Products Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.7% of the global medical textile market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China medical textile market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,303.1 million by 2028.
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Medical Textile Market Scope
Medical Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea medical textile 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 textile market will help companies and investors design strategic landscapes.
Implantable goods was the largest segment with a revenue share of 33.83% in 2019. Horizon Databook has segmented the South Korea medical textile market based on implantable goods, non-implantable goods, healthcare & hygiene products covering the revenue growth of each sub-segment from 2017 to 2028.
High emphasis by nonwoven fabric manufacturing companies towards increasing their production capacities is expected to drive the growth of medical textile market in South Korea. In addition, government programs for construction of new hospitals are expected to benefit the medical textile market growth.
Development of the skin clinic and plastic surgery industry in the country is leading to increase in demand for surgical procedures such as liposuction and facelifts. This is expected to increase the demand for implantable goods, thus driving the growth of medical textile market.
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Target buyers of South Korea medical textile market databook
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Our clientele includes a mix of medical textile 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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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 textile market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical textile market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea medical textile market size, by application, 2017-2028 (US$M)
South Korea Medical Textile Market Outlook Share, 2019 & 2028 (US$M)
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