South Korea Ostomy Care And Accessories Market Size & Outlook
South Korea ostomy care and accessories market, 2018-2030 (US$M)
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South Korea ostomy care and accessories market highlights
- The South Korea ostomy care and accessories market generated a revenue of USD 43.8 million in 2023 and is expected to reach USD 66.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, bags was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
Ostomy care and accessories market data book summary
| Market revenue in 2023 | USD 43.8 million |
| Market revenue in 2030 | USD 66.7 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bags, Accessories |
| Key market players worldwide | Coloplast A/S ADR, ConvaTec Group PLC, Hollister, Marlen Manufacturing and Development Co., Nu-Hope Laboratories, Perfect Choice Medical Technologies, Safe N Simple, AdvaCare Pharma, CyMed, Eakin Healthcare Group, Alcare Diagnostics & Research Center |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global ostomy care and accessories market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ostomy care and accessories 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 146.9 million by 2030.
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Ostomy Care And Accessories Market Scope
Ostomy Care And Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea ostomy care and accessories 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 ostomy care and accessories market will help companies and investors design strategic landscapes.
Bags was the largest segment with a revenue share of 83.11% in 2023. Horizon Databook has segmented the South Korea ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The ostomy care and accessories market in South Korea is mainly driven by an increase in the number of patients opting for stoma surgeries. Most people in this country prefer ileostomy surgeries for preventing complications associated with leakage due to poor gastrointestinal anastomosis.
According to National Cancer Center in Korea, mostly Korean population undergo ileostomy due to alcoholic intake and smoking issues. Thus, increasing number of ileostomy surgery is expected to boost the demand for ostomy care products in South Korea during the forecast period.
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Our clientele includes a mix of ostomy care and accessories market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ostomy care and accessories market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ostomy care and accessories market size, by product, 2018-2030 (US$M)
South Korea Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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