South Korea Medical Devices Market to 2032
Overview
The South Korea Medical Devices Market is expected to reach a 484.76 USD Billion by 2032 and is projected to grow at a CAGR of 10.62% from 2025 to 2032.
Revenue, 2024 (USD Billion)
237.29
Forecast, 2032 (USD Billion)
484.76
CAGR, 2024 - 2032
10.62%
Report Coverage
South Korea
South Korea Medical Devices Market 2018-2032 USD Billion
South Korea Medical Devices Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 237.29 USD Billion
- Projected Market Size (2032): 484.76 USD Billion
- CAGR (2025-2032): 10.62%
Key Findings of South Korea Medical Devices Market
- The South Korea Medical Devices Market was valued at 484.76 USD Billion in 2024.
- The South Korea Medical Devices Market is likely to grow at a CAGR of 10.62% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Diagnostic in Application Segment accounted for the largest share of the market with a revenue of 219.29 USD Billion
- The fastest growing segment Homecare Settings in End User Segment grew Fastest with a CAGR of 13.60% during the forecast period from 2024 to 2032.
South Korea Medical Devices Market Scope
South Korea Medical Devices Market Segmentation & Scope
Product
- CPAP/BiPAP
- Spirometers
- Oxygen Concentrators
- Anesthesia machines
- Ventilator
Facility
- Small
- Medium
- Large
Application
- Therapeutics
- Diagnostic
Mode
- Tabletop
- Standalone
- Portable
Distribution Channel
- Third Party Distributor
- Direct Sales
End User
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Long Term Care Centers
- Homecare Settings
- Specialty Clinics
- Hospitals
South Korea Medical Devices Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 237.29 USD Billion |
| Market Value in 2032 | 484.76 USD Billion |
| CAGR (2025-2032) | 10.62% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product,Facility,Application,Mode,Distribution Channel,End User |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 237.29 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 237.29 USD Billion in 2024.
Segments and Scope
-
South Korea Medical Devices Market to 2032, By Product
- Ventilator is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 124.06 USD Billion in the year 2024.
- Ventilator is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 12.03 % in forecast period 2025-2032.
-
South Korea Medical Devices Market to 2032, By Facility
- Large is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 136.64 USD Billion in the year 2024.
- Large is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 10.94 % in forecast period 2025-2032.
-
South Korea Medical Devices Market to 2032, By Application
- Diagnostic is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 219.29 USD Billion in the year 2024.
- Diagnostic is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 10.78 % in forecast period 2025-2032.
-
South Korea Medical Devices Market to 2032, By Mode
- Portable is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 122.01 USD Billion in the year 2024.
- Portable is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 12.08 % in forecast period 2025-2032.
-
South Korea Medical Devices Market to 2032, By Distribution Channel
- Direct Sales is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 195.00 USD Billion in the year 2024.
- Direct Sales is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 11.11 % in forecast period 2025-2032.
-
South Korea Medical Devices Market to 2032, By End User
- Hospitals is the largest segment in South Korea Medical Devices Market to 2032 with a revenue of 63.54 USD Billion in the year 2024.
- Homecare Settings is the Fastest growing segment in South Korea Medical Devices Market to 2032 with a Growth rate of 11.51 % in forecast period 2025-2032.
South Korea Medical Devices Market Company Share Analysis
| Company Name |
|
||
| Medtronic | |||
| Koninklijke Philips N.V. | |||
| Teleflex Incorporated | |||
| TEIJIN LIMITED | |||
| VYAIRE | |||
South Korea Medical Devices Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Medical Devices Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Medical Devices Market is segmented based on Segmentation Product,Facility,Application,Mode,Distribution Channel,End User.
South Korea Medical Devices Market was valued at USD 237.29(Revenue in USD Billion) in 2020.
South Korea Medical Devices Market is projected to grow at a CAGR of 10.62% during the forecast period of 2024 to 2032.
The Diagnostic segment is expected to dominate the South Korea Medical Devices Market, holding a largest market share of 219.29 USD Billion in 2024
South Korea Medical Devices Market Scope
South Korea Medical Devices Market Segmentation & Scope
Product
- CPAP/BiPAP
- Spirometers
- Oxygen Concentrators
- Anesthesia machines
- Ventilator
Facility
- Small
- Medium
- Large
Application
- Therapeutics
- Diagnostic
Mode
- Tabletop
- Standalone
- Portable
Distribution Channel
- Third Party Distributor
- Direct Sales
End User
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Long Term Care Centers
- Homecare Settings
- Specialty Clinics
- Hospitals
Frequently Asked Questions
The South Korea Medical Devices Market is segmented based on Segmentation Product,Facility,Application,Mode,Distribution Channel,End User.
South Korea Medical Devices Market was valued at USD 237.29(Revenue in USD Billion) in 2020.
South Korea Medical Devices Market is projected to grow at a CAGR of 10.62% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Medical Devices Market for final year is USD 484.76 (USD Billion).
South Korea Medical Devices Market Company Profiling
Frequently Asked Questions
The South Korea Medical Devices Market is segmented based on Segmentation Product,Facility,Application,Mode,Distribution Channel,End User.
South Korea Medical Devices Market was valued at USD 237.29(Revenue in USD Billion) in 2020.
South Korea Medical Devices Market is projected to grow at a CAGR of 10.62% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Medical Devices Market for final year is USD 484.76 (USD Billion).
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