South Korea Surgical Laser Market Size & Outlook
South Korea surgical laser market, 2018-2030 (US$M)
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South Korea surgical laser market highlights
- The South Korea surgical laser market generated a revenue of USD 189.2 million in 2023 and is expected to reach USD 406.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, solid-state laser systems was the largest revenue generating product in 2023.
- Diode Laser Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical laser market data book summary
| Market revenue in 2023 | USD 189.2 million |
| Market revenue in 2030 | USD 406.1 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Solid-state laser systems |
| Fastest growing segment | Diode Laser Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid-state Laser Systems, Gas Laser Systems, Diode Laser Systems |
| Key market players worldwide | Cutera Inc, El.En. SpA Shs after split, Alcon Inc, Biolase Inc, Candela Invest, Cynosure Inc, Lumenis, LUTRONIC, Fotona, Asclepion Laser Technologies |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global surgical laser market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan surgical laser market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 968.7 million by 2030.
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Surgical Laser Market Scope
Surgical Laser Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea surgical laser 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 surgical laser market will help companies and investors design strategic landscapes.
Solid-state laser systems was the largest segment with a revenue share of 37.16% in 2023. Horizon Databook has segmented the South Korea surgical laser market based on solid-state laser systems, gas laser systems, diode laser systems covering the revenue growth of each sub-segment from 2018 to 2030.
In the recent past, the demand for esthetic and cosmetic procedures has been increasing in South Korea. Such high demand for esthetic and cosmetic procedures is anticipated to lead to rise in the demand for innovative esthetic laser devices in the country.
Emergence of local players in surgical lasers market and high demand for lasers for cosmetic applications are among key factors driving market growth. For instance, in September 2019, WONTECH, a Korean medical devices company, received U.S. FDA approval for Holmium laser device, Holinwon Prima.
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Target buyers of South Korea surgical laser market databook
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Our clientele includes a mix of surgical laser 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea surgical laser market , including forecasts for subscribers. This country databook contains high-level insights into South Korea surgical laser market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea surgical laser market size, by product, 2018-2030 (US$M)
South Korea Surgical Laser Market Outlook Share, 2023 & 2030 (US$M)
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