South Korea Flow Diverters Market Size & Outlook
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South Korea flow diverters market highlights
- The South Korea flow diverters market generated a revenue of USD 6.0 million in 2023 and is expected to reach USD 16.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.2% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 6.0 million |
| Market revenue in 2030 | USD 16.0 million |
| Growth rate | 15.2% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan flow diverters market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.0 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Phenox | View profile | 101-250 | Bochum, Nordrhein-Westfalen, Germany, Europe | http://www.phenox.net/ |
| Balt | View profile | 101-250 | Montmorency, Ile-de-France, France, Europe | http://www.balt.fr/ |
| InspireMD Inc | View profile | 66 | 4 Menorat Hamaor Street, Tel Aviv, Israel, 6744832 | https://www.inspiremd.com |
| Acandis GmbH | View profile | 251-500 | Pforzheim, Baden-Wurttemberg, Germany, Europe | https://www.acandis.com/start-1-en |
| MicroPort Scientific Corp | View profile | 8230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | https://www.microport.com |
| Terumo Corp | View profile | 30207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | https://www.terumo.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
South Korea flow diverters 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 flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 70% in 2023. Horizon Databook has segmented the South Korea flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea’s flow diverters market is anticipated to witness significant growth over the forecast period. According to the National Center for Biotechnology Information (NCBI), in 2019, the incidence of intracranial aneurysms was around 52.2 per 100,000 populations, and more than half of the people were diagnosed with unruptured brain aneurysms.
According to Korea Biomedical Review, the Asan Medical Center has performed a total of 10,000 brain aneurysm surgeries. Thus, the increasing number of intracranial aneurysm surgeries and rising incidence of cerebral aneurysms are expected to drive market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into South Korea flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea flow diverters market size, by product, 2018-2030 (US$M)
South Korea Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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