South Korea Peripheral Vascular Devices Market Size & Outlook
South Korea peripheral vascular devices market, 2018-2030 (US$M)
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South Korea peripheral vascular devices market highlights
- The South Korea peripheral vascular devices market generated a revenue of USD 163.4 million in 2023 and is expected to reach USD 251.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, peripheral stents was the largest revenue generating type in 2023.
- Plaque Modification Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Peripheral vascular devices market data book summary
| Market revenue in 2023 | USD 163.4 million |
| Market revenue in 2030 | USD 251.0 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Peripheral stents |
| Fastest growing segment | Plaque Modification Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PTA Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts, Plaque Modification Devices, Peripheral Accessories, Inferior Vena Cava Filters, Hemodynamic Flow Alteration Devices, Peripheral Stents |
| Key market players worldwide | Abbott Laboratories, Edwards Lifesciences Corp, Medtronic PLC, St. Jude Medical, Teleflex Inc, Philips, Boston Scientific Corp, Cook Group, Covidien, AngioScore |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global peripheral vascular 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 peripheral vascular devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 728.7 million by 2030.
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Peripheral Vascular Devices Market Scope
Peripheral Vascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea peripheral vascular devices 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 peripheral vascular devices market will help companies and investors design strategic landscapes.
Peripheral stents was the largest segment with a revenue share of 40.76% in 2024. Horizon Databook has segmented the South Korea peripheral vascular devices market based on pta balloons, catheters, endovascular aneurysm repair stent grafts, plaque modification devices, peripheral accessories, inferior vena cava filters, hemodynamic flow alteration devices, peripheral stents covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea peripheral vascular devices market is expected to witness robust competition, as key players vie for market dominance. Boston Scientific Corporation, Abbott Laboratories, Medtronic plc, and Cordis Corporation, are some of the leading players operating in the market. The market dominance of these leading key playerscan be attributed to extensive product portfolios, advanced product development capabilities, and distribution networks.
Moreover, JW Medical Corporation, BIOTRONIK Korea Co., Ltd., and OrbusNeich Medical Company Limited are some of the regional players that play a pivotal role in the market. Their market presence can be attributed to a strategic focus on innovation, product development, and a tailored approach to meeting the specific requirements of the local market.
The competitive dynamics in the South Korea peripheral vascular devices market are characterized by fierce rivalry, with companies differentiating themselves through product quality, pricing strategies, and distribution methodologies.
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Target buyers of South Korea peripheral vascular devices market databook
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Our clientele includes a mix of peripheral vascular devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea peripheral vascular devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea peripheral vascular devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea peripheral vascular devices market size, by type, 2018-2030 (US$M)
South Korea Peripheral Vascular Devices Market Share, 2024 & 2030 (US$M)
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