South Korea Wound Closure And Advanced Wound Care Market Size & Outlook

The wound closure and advanced wound care market in South Korea is expected to reach a projected revenue of US$ 35.1 million by 2030. A compound annual growth rate of 5.2% is expected of South Korea wound closure and advanced wound care market from 2024 to 2030.
Revenue, 2023 (US$M)
$24.6
Forecast, 2030 (US$M)
$35.1
CAGR, 2024 - 2030
5.2%
Report Coverage
South Korea

South Korea wound closure and advanced wound care market, 2018-2030 (US$M)

South

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South Korea wound closure and advanced wound care market highlights

  • The South Korea wound closure and advanced wound care market generated a revenue of USD 24.6 million in 2023 and is expected to reach USD 35.1 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
  • In terms of segment, hydrocolloids-based sealants was the largest revenue generating product in 2023.
  • Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.


Wound closure and advanced wound care market data book summary

Market revenue in 2023USD 24.6 million
Market revenue in 2030USD 35.1 million
Growth rate5.2% (CAGR from 2023 to 2030)
Largest segmentHydrocolloids-based sealants
Fastest growing segmentHydrocolloids-based Sealants
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives
Key market players worldwideSmith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.7% of the global wound closure and advanced wound care market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, India wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 68.4 million by 2030.

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Wound Closure And Advanced Wound Care Market Scope

Wound closure and advanced wound care market segmentation & scope
Adhesives
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Staples
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Sutures
Absorbable
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Non-absorbable
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Strips
Sterile
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Non-Sterile
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Sealants
Synthetic
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Non-synthetic
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Collagen based
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing
Mechanical wound closure devices
End Use
Hospital
Specialty Facilities
Home Care
Research And Manufacturing

Wound Closure And Advanced Wound Care Market Companies

Name Profile # Employees HQ Website

South Korea wound closure and advanced wound care 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 wound closure and advanced wound care market will help companies and investors design strategic landscapes.


Hydrocolloids-based sealants was the largest segment with a revenue share of 27.64% in 2023. Horizon Databook has segmented the South Korea wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea wound closure and advanced wound care market databook

  • Our clientele includes a mix of wound closure and advanced wound care market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into South Korea wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea wound closure and advanced wound care market size, by product, 2018-2030 (US$M)

South Korea Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)

South Korea wound closure and advanced wound care market size, by product, 2018-2030 (US$M)

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