Market revenue in 2023 | USD 222.6 million |
Market revenue in 2030 | USD 991.3 million |
Growth rate | 23.8% (CAGR from 2023 to 2030) |
Largest segment | Cosmetic vaginal rejuvenation |
Fastest growing segment | Cosmetic vaginal rejuvenation |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Reconstructive vaginal rejuvenation, Cosmetic vaginal rejuvenation |
Key market players worldwide | Alma Lasers Ltd, LUTRONIC, Viveve Medical Inc, BTL Industries Ltd., Venus Group, Candela Medical, Cynosure, Lumenis, Fotona, Hironic |
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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 vaginal rejuvenation market will help companies and investors design strategic landscapes.
Cosmetic vaginal rejuvenation was the largest segment with a revenue share of 50.94% in 2023. Horizon Databook has segmented the South Korea vaginal rejuvenation market based on reconstructive vaginal rejuvenation, cosmetic vaginal rejuvenation covering the revenue growth of each sub-segment from 2018 to 2030.
The growing popularity of cosmetic procedures in the country is one of the key factors expected to drive market growth. According to an article by Obstetrics & Gynecology Science, female genital cosmetic surgery in Korea has become popular due to the increasing attention from digital media.
In addition, the same article states that the popularity of such procedures is in line with Western countries. Furthermore, the presence of key non-invasive aesthetic device manufacturers such as Hironic., Co Ltd and CLASSYS Inc. favorably positions the market growth.
The vaginal rejuvenation market in South Korea is expected to witness moderate growth over the forecast period. However, declining female fertility rates in the country is a key factor limiting market growth. For instance, in March 2023, the average fertility rate in the country was estimated at 0.78%. Moreover, in 2023, the recorded rate was the lowest globally.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea vaginal rejuvenation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vaginal rejuvenation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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