South Korea Wound Therapy Devices Market Size & Outlook
South Korea wound therapy devices market, 2018-2030 (US$M)
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South Korea wound therapy devices market highlights
- The South Korea wound therapy devices market generated a revenue of USD 17.5 million in 2023 and is expected to reach USD 21.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, negative pressure wound therapy was the largest revenue generating product in 2023.
- Negative Pressure Wound Therapy is the most lucrative product segment registering the fastest growth during the forecast period.
Wound therapy devices market data book summary
| Market revenue in 2023 | USD 17.5 million |
| Market revenue in 2030 | USD 21.7 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Negative pressure wound therapy |
| Fastest growing segment | Negative Pressure Wound Therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Negative Pressure Wound Therapy, Oxygen and Hyperbaric Oxygen Equipment, Electric Stimulation Devices, Pressure Relief Devices, Other Products |
| Key market players worldwide | ConvaTec Group PLC, Smith & Nephew PLC, Cardinal Health Inc, Acelity, Sechrist Industries, Inc. |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.5% of the global wound therapy devices 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 therapy devices 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 144.9 million by 2030.
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Wound Therapy Devices Market Scope
Wound Therapy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea wound therapy 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 wound therapy devices market will help companies and investors design strategic landscapes.
Negative pressure wound therapy was the largest segment with a revenue share of 43.43% in 2023. Horizon Databook has segmented the South Korea wound therapy devices market based on negative pressure wound therapy, oxygen and hyperbaric oxygen equipment, electric stimulation devices, pressure relief devices, other products covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of wound therapy 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 wound therapy devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea wound therapy devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea wound therapy devices market size, by product, 2018-2030 (US$M)
South Korea Wound Therapy Devices Market Outlook Share, 2023 & 2030 (US$M)
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