South Korea Neurothrombectomy Devices Market Size & Outlook
South Korea neurothrombectomy devices market, 2018-2030 (US$M)
Related Markets
South Korea neurothrombectomy devices market highlights
- The South Korea neurothrombectomy devices market generated a revenue of USD 14.7 million in 2023 and is expected to reach USD 22.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, clot retrievers was the largest revenue generating product in 2023.
- Aspiration/Suction Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Neurothrombectomy devices market data book summary
| Market revenue in 2023 | USD 14.7 million |
| Market revenue in 2030 | USD 22.2 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Clot retrievers |
| Fastest growing segment | Aspiration/Suction Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clot Retrievers, Aspiration/Suction Devices, Vascular Snares |
| Key market players worldwide | Medtronic PLC, Acandis GmbH, Stryker Corp, Penumbra Inc, Phenox, Vesalio |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global neurothrombectomy 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 neurothrombectomy 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 46.5 million by 2030.
Clot retrievers was the largest segment with a revenue share of 57.82% in 2023. Horizon Databook has segmented the South Korea neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea neuro thrombectomy devices market is anticipated to witness moderate growth over the forecast period due to increasing healthcare expenditure. For instance, as per the report published by the countryeconomy.com in 2018, the healthcare expenditure in South Korea was around 4.84% in 2018 whereas in 2016 it was around 4.33%.
Such an increase may encourage new and key players to enter the market, thereby propelling the market growth. However, declining cases of acute ischemic stroke may negatively impact the market growth. In addition, low adoption of technologically advanced products and lack of skilled professionals in the country may also hinder the 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
Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea neurothrombectomy devices market size, by product, 2018-2030 (US$M)
South Korea Neurothrombectomy 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
