South Korea Vessel Sealing Devices Market Size & Outlook
South Korea vessel sealing devices market, 2018-2030 (US$M)
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South Korea vessel sealing devices market highlights
- The South Korea vessel sealing devices market generated a revenue of USD 18.9 million in 2023 and is expected to reach USD 41.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, laparoscopic surgery was the largest revenue generating application in 2023.
- Laparoscopic Surgery is the most lucrative application segment registering the fastest growth during the forecast period.
Vessel sealing devices market data book summary
| Market revenue in 2023 | USD 18.9 million |
| Market revenue in 2030 | USD 41.6 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Surgery, Laparoscopic Surgery |
| Key market players worldwide | Medtronic PLC, Olympus Corp, B. Braun, Johnson & Johnson, OmniAb Inc, Intuitive Surgical Inc, Hologic Inc, Erbe Elektromedizin, Bowa Medical, Bolder Surgical, KLS Martin Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global vessel sealing devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan vessel sealing devices 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 108.8 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea vessel sealing 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 vessel sealing devices market will help companies and investors design strategic landscapes.
Laparoscopic surgery was the largest segment with a revenue share of 63.49% in 2023. Horizon Databook has segmented the South Korea vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
To fulfill the regional and international demand for medical devices along with vessel sealing devices, South Korea is taking all the essential steps to support the country’s major market players.
With a surge in foreign demand for Korean-made medical devices, domestic companies are aiming for the international market with competitive services & prices.
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Target buyers of South Korea vessel sealing devices market databook
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Our clientele includes a mix of vessel sealing devices 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 vessel sealing devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vessel sealing devices market size, by application, 2018-2030 (US$M)
South Korea Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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