South Korea Sterilization Equipment Market Size & Outlook
South Korea sterilization equipment market, 2018-2030 (US$M)
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South Korea sterilization equipment market highlights
- The South Korea sterilization equipment market generated a revenue of USD 144.5 million in 2023 and is expected to reach USD 295.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, low-temperature sterilizers was the largest revenue generating product in 2023.
- Low-temperature sterilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Sterilization equipment market data book summary
| Market revenue in 2023 | USD 144.5 million |
| Market revenue in 2030 | USD 295.7 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Low-temperature sterilizers |
| Fastest growing segment | Low-temperature sterilizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat sterilizers, Low-temperature sterilizers, Sterile membrane filters, Radiation Sterilization Devices |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Cantel Medical, Fortive Corp, E-BEAM Services |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global sterilization equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sterilization equipment 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 734.7 million by 2030.
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Sterilization Equipment Market Scope
Sterilization Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea sterilization equipment 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 sterilization equipment market will help companies and investors design strategic landscapes.
Low-temperature sterilizers was the largest segment with a revenue share of 33.49% in 2023. Horizon Databook has segmented the South Korea sterilization equipment market based on heat sterilizers, low-temperature sterilizers, sterile membrane filters, radiation sterilization devices covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of chronic diseases, such as cancer, cardiovascular & neurodegenerative diseases, and diabetes, among the population is anticipated to increase the demand for sterilization equipment, driving market expansion.
Moreover, according to a report by the Korean Diabetes Association published in February 2023, more than 30% Korean adults aged 65 years or above had diabetes mellitus. In addition, the growing elderly population is expected to contribute to market expansion.
was between the ages of 15 and 64 years. In addition, according to the same source, 17% of the population in 2022 will be aged 65 or older. Therefore, as the increasing geriatric population is more likely to develop chronic diseases, the need for proper monitoring and diagnosis will also increase.
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Target buyers of South Korea sterilization equipment market databook
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Our clientele includes a mix of sterilization equipment market companies, investment firms, advisory firms & academic institutions.
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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 sterilization equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea sterilization equipment market size, by product, 2018-2030 (US$M)
South Korea Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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