South Korea Vagus Nerve Stimulation Market Size & Outlook
South Korea vagus nerve stimulation market, 2018-2030 (US$M)
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South Korea vagus nerve stimulation market highlights
- The South Korea vagus nerve stimulation market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 11.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, implantable vns device was the largest revenue generating product in 2023.
- External VNS Device is the most lucrative product segment registering the fastest growth during the forecast period.
Vagus nerve stimulation market data book summary
| Market revenue in 2023 | USD 5.0 million |
| Market revenue in 2030 | USD 11.5 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Implantable vns device |
| Fastest growing segment | External VNS Device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable VNS Device, External VNS Device |
| Key market players worldwide | LivaNova PLC, ElectroCore Inc, Cerebral, MicroTransponder, Parasym |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global vagus nerve stimulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan vagus nerve stimulation market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 8.7 million by 2030.
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Vagus Nerve Stimulation Market Scope
Vagus Nerve Stimulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea vagus nerve stimulation 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 vagus nerve stimulation market will help companies and investors design strategic landscapes.
Implantable vns device was the largest segment with a revenue share of 58% in 2023. Horizon Databook has segmented the South Korea vagus nerve stimulation market based on implantable vns device, external vns device covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of vagus nerve stimulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea vagus nerve stimulation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vagus nerve stimulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vagus nerve stimulation market size, by product, 2018-2030 (US$M)
South Korea Vagus Nerve Stimulation Market Outlook Share, 2023 & 2030 (US$M)
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