
Global & South Korea Catheters Market to 2033
Description
The South Korean catheter market is a lucrative sector, distinguished by its sophisticated healthcare system and a commitment to high-quality medical devices. A major factor driving this market is the growing elderly population, which results in a higher incidence of age-related chronic illnesses such as cardiovascular and urological diseases. This demographic change has led to a consistent demand for various catheter types, especially in the neurovascular and cardiovascular areas. Additionally, South Korea's inclination towards minimally invasive surgical techniques significantly contributes to the demand for advanced catheter technologies.
Government initiatives aimed at supporting local medical device manufacturers and effectively regulating the industry are also crucial. For example, the Ministry of Food and Drug Safety (MFDS) has enacted the Medical Device Act to simplify the approval process and ensure the safety and effectiveness of medical devices, thereby enhancing market confidence and promoting growth. Furthermore, the government is focused on reducing reliance on imports by encouraging domestic production.
The market is characterized by the introduction of innovative products and technologies, reflecting its dynamic nature. In June 2024, the MFDS released the 2024 Medical Device Approval Report, which details current trends in device approvals and the regulatory environment for both local and international manufacturers. This level of transparency and a robust regulatory framework not only attract global companies but also create a competitive landscape that encourages local firms to innovate.
Government initiatives aimed at supporting local medical device manufacturers and effectively regulating the industry are also crucial. For example, the Ministry of Food and Drug Safety (MFDS) has enacted the Medical Device Act to simplify the approval process and ensure the safety and effectiveness of medical devices, thereby enhancing market confidence and promoting growth. Furthermore, the government is focused on reducing reliance on imports by encouraging domestic production.
The market is characterized by the introduction of innovative products and technologies, reflecting its dynamic nature. In June 2024, the MFDS released the 2024 Medical Device Approval Report, which details current trends in device approvals and the regulatory environment for both local and international manufacturers. This level of transparency and a robust regulatory framework not only attract global companies but also create a competitive landscape that encourages local firms to innovate.
Table of Contents
126 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. South Korea Catheters Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Catheters Market Key Market Dynamics
- 5.1 Catheters Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. South Korea Catheters Market – Analysis
- 6.1 South Korea Catheters Market Revenue (US$ Million), 2022–2033
- 6.2 South Korea Catheters Market Revenue and Forecast Analysis
- 7. South Korea Catheters Market Analysis – by Product
- 7.1 South Korea Catheters Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. South Korea Catheters Market Analysis – by Type
- 8.1 South Korea Catheters Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Type
- 9. South Korea Catheters Market Analysis – by Coating Type
- 9.1 South Korea Catheters Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Coating Type
- 10. South Korea Catheters Market Analysis – by Lumen
- 10.1 South Korea Catheters Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Lumen
- 11. South Korea Catheters Market Analysis – by End User
- 11.1 South Korea Catheters Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 12. Competitive Landscape
- 12.1 Heat Map Analysis by Key Players
- 12.1 Company Positioning and Concentration
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.2 Partnerships and Collaborations
- 13.2 Other Developments
- 14. Company Profiles
- 14.1 Medtronic Plc
- 14.1. 1 Key Facts
- 14.1. 2 Business Description
- 14.1. 3 Products and Services
- 14.1. 4 Financial Overview
- 14.1. 5 SWOT Analysis
- 14.1. 6 Key Developments
- 14.2 Boston Scientific Corp
- 14.2. 1 Key Facts
- 14.2. 2 Business Description
- 14.2. 3 Products and Services
- 14.2. 4 Financial Overview
- 14.2. 5 SWOT Analysis
- 14.2. 6 Key Developments
- 14.3 Becton Dickinson and Co
- 14.3. 1 Key Facts
- 14.3. 2 Business Description
- 14.3. 3 Products and Services
- 14.3. 4 Financial Overview
- 14.3. 5 SWOT Analysis
- 14.3. 6 Key Developments
- 14.4 Teleflex Inc
- 14.4. 1 Key Facts
- 14.4. 2 Business Description
- 14.4. 3 Products and Services
- 14.4. 4 Financial Overview
- 14.4. 5 SWOT Analysis
- 14.4. 6 Key Developments
- 14.5 B Braun SE
- 14.5. 1 Key Facts
- 14.5. 2 Business Description
- 14.5. 3 Products and Services
- 14.5. 4 Financial Overview
- 14.5. 5 SWOT Analysis
- 14.5. 6 Key Developments
- 14.6 Abbott Laboratories
- 14.6. 1 Key Facts
- 14.6. 2 Business Description
- 14.6. 3 Products and Services
- 14.6. 4 Financial Overview
- 14.6. 5 SWOT Analysis
- 14.6. 6 Key Developments
- 14.7 Terumo Corp
- 14.7. 1 Key Facts
- 14.7. 2 Business Description
- 14.7. 3 Products and Services
- 14.7. 4 Financial Overview
- 14.7. 5 SWOT Analysis
- 14.7. 6 Key Developments
- 14.8 Coloplast AS
- 14.8. 1 Key Facts
- 14.8. 2 Business Description
- 14.8. 3 Products and Services
- 14.8. 4 Financial Overview
- 14.8. 5 SWOT Analysis
- 14.8. 6 Key Developments
- 14.9 Cook Medical Holdings LLC
- 14.9. 1 Key Facts
- 14.9. 2 Business Description
- 14.9. 3 Products and Services
- 14.9. 4 Financial Overview
- 14.9. 5 SWOT Analysis
- 14.9. 6 Key Developments
- 14.10 Hollister Inc
- 14.10. 1 Key Facts
- 14.10. 2 Business Description
- 14.10. 3 Products and Services
- 14.10. 4 Financial Overview
- 14.10. 5 SWOT Analysis
- 14.10. 6 Key Developments
- 15. Appendix
- 15.1 About Business Market Insights
- 15.2 List of Abbreviations
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