South Korea Orthopedic Braces And Supports Market Size & Outlook
The orthopedic braces and supports market in South Korea is expected to reach a projected revenue of US$ 51.9 million by 2030. A compound annual growth rate of 9.4% is expected of South Korea orthopedic braces and supports market from 2024 to 2030.
Revenue, 2023 (US$M)
$27.6
Forecast, 2030 (US$M)
$51.9
CAGR, 2024 - 2030
9.4%
Report Coverage
South Korea
South Korea orthopedic braces and supports market, 2017-2030 (US$M)
Related Markets
South Korea orthopedic braces and supports market highlights
- The South Korea orthopedic braces and supports market generated a revenue of USD 27.6 million in 2023 and is expected to reach USD 51.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, braces & supports type was the largest revenue generating product in 2023.
- Braces & Supports Type is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic braces and supports market data book summary
| Market revenue in 2023 | USD 27.6 million |
| Market revenue in 2030 | USD 51.9 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Braces & supports type |
| Fastest growing segment | Braces & Supports Type |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Braces & Supports Type, Pain Management Products |
| Key market players worldwide | DeRoyal, Ottobock, Enovis Corp, Orthofix Medical Inc, Ossur, McDavid, Bauerfeind, Hely & Weber |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.6% of the global orthopedic braces and supports market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic braces and supports 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 51.9 million by 2030.
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Orthopedic Braces And Supports Market Scope
Orthopedic braces and supports market segmentation & scope
Orthopedic Braces And Supports Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea orthopedic braces and supports market size, by product, 2017-2030 (US$M)
South Korea Orthopedic Braces And Supports Market Outlook Share, 2023 & 2030 (US$M)
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