South Korea Wearable Artificial Organs Market Size & Outlook
South Korea wearable artificial organs market, 2016-2027 (US$M)
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South Korea wearable artificial organs market highlights
- The South Korea wearable artificial organs market generated a revenue of USD 133.2 million in 2020 and is expected to reach USD 433.9 million by 2027.
- The South Korea market is expected to grow at a CAGR of 18.4% from 2021 to 2027.
- In terms of segment, cochlear implant was the largest revenue generating artificial organ in 2020.
- Kidney is the most lucrative artificial organ segment registering the fastest growth during the forecast period.
Wearable artificial organs market data book summary
| Market revenue in 2020 | USD 133.2 million |
| Market revenue in 2027 | USD 433.9 million |
| Growth rate | 18.4% (CAGR from 2020 to 2027) |
| Largest segment | Cochlear implant |
| Fastest growing segment | Kidney |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kidney, Pancreas, Cochlear implant, Exoskeleton, Bionic Limbs, Brain bionics, Vision Bionics |
| Key market players worldwide | Medtronic PLC, Cochlear Ltd, Ekso Bionics Holdings Inc, MED-EL, Abbott Laboratories, Boston Scientific Corp, Rewalk Robotics Ltd, Ottobock, Lockheed Martin Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global wearable artificial organs market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China wearable artificial organs market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 697.1 million by 2027.
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Wearable Artificial Organs Market Scope
Wearable Artificial Organs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea wearable artificial organs 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 wearable artificial organs market will help companies and investors design strategic landscapes.
Cochlear implant was the largest segment with a revenue share of 29.95% in 2020. Horizon Databook has segmented the South Korea wearable artificial organs market based on kidney, pancreas, cochlear implant, exoskeleton, bionic limbs, brain bionics, vision bionics covering the revenue growth of each sub-segment from 2016 to 2027.
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Our clientele includes a mix of wearable artificial organs 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 wearable artificial organs market, including forecasts for subscribers. This country databook contains high-level insights into South Korea wearable artificial organs market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Korea wearable artificial organs market size, by artificial organ, 2016-2027 (US$M)
South Korea Wearable Artificial Organs Market Share, 2020 & 2027 (US$M)
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