South Korea Perfusion Systems Market Size & Outlook
South Korea perfusion systems market, 2018-2030 (US$M)
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South Korea perfusion systems market highlights
- The South Korea perfusion systems market generated a revenue of USD 22.7 million in 2023 and is expected to reach USD 34.4 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, cardiopulmonary perfusion system was the largest revenue generating application in 2023.
- Cardiopulmonary Perfusion System is the most lucrative application segment registering the fastest growth during the forecast period.
Perfusion systems market data book summary
| Market revenue in 2023 | USD 22.7 million |
| Market revenue in 2030 | USD 34.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Cardiopulmonary perfusion system |
| Fastest growing segment | Cardiopulmonary Perfusion System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiopulmonary Perfusion System, Cell Perfusion System, Ex-Vivo Organ Perfusion System |
| Key market players worldwide | Getinge AB ADR, Medtronic PLC, LivaNova PLC, Terumo Corp, Nipro Corp, Fresenius Medical Care AG, Repligen Corp, Spectrum Brands Holdings Inc, Merck KGaA, Xvivo Perfusion AB |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global perfusion systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan perfusion systems market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 20.0 million by 2030.
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Perfusion Systems Market Scope
Perfusion Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea perfusion systems 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 perfusion systems market will help companies and investors design strategic landscapes.
Cardiopulmonary perfusion system was the largest segment with a revenue share of 43.17% in 2023. Horizon Databook has segmented the South Korea perfusion systems market based on cardiopulmonary perfusion system, cell perfusion system, ex-vivo organ perfusion system covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of perfusion systems in South Korea is strongly influenced by the significant increase in brain-dead organ donors. According to the Japan Times, in 2023, South Korea reported 483 brain-dead organ donors, a stark contrast to Japan's 132.
This disparity underscores South Korea's substantial lead in brain-dead donor rates per million people, which was approximately ten times higher than Japan's in 2022, as per data from the WHO and other sources. This higher rate of brain-dead donors in South Korea reflects robust healthcare infrastructure and effective organ procurement systems.
It directly correlates with increased demand for perfusion systems, which are crucial for preserving and evaluating organs for transplantation. These systems ensure organs remain viable during transport and prior to transplant surgeries, thereby improving success rates.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea perfusion systems market , including forecasts for subscribers. This country databook contains high-level insights into South Korea perfusion systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea perfusion systems market size, by application, 2018-2030 (US$M)
South Korea Perfusion Systems Market Outlook Share, 2023 & 2030 (US$M)
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