South Korea Pressure Relief Devices Market Size & Outlook
South Korea pressure relief devices market, 2018-2030 (US$M)
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South Korea pressure relief devices market highlights
- The South Korea pressure relief devices market generated a revenue of USD 68.7 million in 2022 and is expected to reach USD 125.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, low tech devices was the largest revenue generating type in 2022.
- Low Tech Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Pressure relief devices market data book summary
| Market revenue in 2022 | USD 68.7 million |
| Market revenue in 2030 | USD 125.0 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | Low Tech Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Tech Devices, High Tech Devices |
| Key market players worldwide | 3M Co, Arjo AB Class B, Essity, Hillrom UK, Invacare, Paramount Bed Holdings Co Ltd, Smith & Nephew PLC, Stryker Corp, Talley Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global pressure relief devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pressure relief devices 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 125.0 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea pressure relief 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 pressure relief devices market will help companies and investors design strategic landscapes.
Low tech devices was the largest segment with a revenue share of 66.08% in 2022. Horizon Databook has segmented the South Korea pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing geriatric population and growing incidence of chronic diseases in South Korea are among major factors driving the market. Furthermore, increasing healthcare expenditure and favorable government policies for approval of products have encouraged several major players to enter this market. Therefore, South Korea market is expected to witness considerable growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pressure relief devices market size, by type, 2018-2030 (US$M)
South Korea Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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