South Korea Wound Closure And Advanced Wound Care Market Size & Outlook
South Korea wound closure and advanced wound care market, 2018-2030 (US$M)
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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 2023 | USD 24.6 million |
| Market revenue in 2030 | USD 35.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocolloids-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & 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 Companies
| Name | Profile | # Employees | HQ | Website |
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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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Our clientele includes a mix of wound closure and advanced wound care 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 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)
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