South Korea Vascular Access Devices Market Size & Outlook
South Korea vascular access devices market, 2018-2030 (US$M)
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South Korea vascular access devices market highlights
- The South Korea vascular access devices market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 15.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, short peripheral intravenous catheter (short pivcs) was the largest revenue generating product in 2023.
- Huber Needles is the most lucrative product segment registering the fastest growth during the forecast period.
Vascular access devices market data book summary
| Market revenue in 2023 | USD 10.8 million |
| Market revenue in 2030 | USD 15.9 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Short peripheral intravenous catheter (short pivcs) |
| Fastest growing segment | Huber Needles |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Short Peripheral Intravenous Catheter (Short PIVCs), Huber Needles, Peripherally Inserted Central Catheter (PICCs), Central Venous Catheter (CVCs), Dialysis Catheters, Implantable Ports |
| Key market players worldwide | Teleflex Inc, BD, B. Braun, Smiths Group PLC, Cook Medical, AngioDynamics Inc, Medtronic PLC, Terumo Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.6% of the global vascular access devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vascular access devices market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 147.1 million by 2030.
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Vascular Access Devices Market Scope
Vascular Access Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea vascular access 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 vascular access devices market will help companies and investors design strategic landscapes.
Short peripheral intravenous catheter (short pivcs) was the largest segment with a revenue share of 66.67% in 2024. Horizon Databook has segmented the South Korea vascular access devices market based on short peripheral intravenous catheter (short pivcs), huber needles, peripherally inserted central catheter (piccs), central venous catheter (cvcs), dialysis catheters, implantable ports covering the revenue growth of each sub-segment from 2018 to 2030.
Manufacturers and suppliers intending to sell or import medical equipment in South Korea must first obtain approval from the Ministry of Food and Drug Safety (MFDS, formerly known as the KFDA). Companies who do not have a South Korean headquarters are required to designate a South Korean importer license holder to act as their legal representative in all correspondence with the MFDS.
A Good Manufacturing Practices audit, which generally adheres to ISO 13485 norms, is also required of license holders. In South Korea, medical devices are categorized into one of four groups based on their level of risk. All medical devices, except Class I devices, require MFDS approval.
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Our clientele includes a mix of vascular access devices 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 vascular access devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea vascular access devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vascular access devices market report size, by product, 2017-2030 (US$M)
South Korea Vascular Access Devices Market Share, 2024 & 2030 (US$M)
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