Market Insights Health Medical Technology Medical Devices

Dental Devices - South Korea

South Korea

The Dental Devices market market in South Korea is forecasted to achieve a revenue of US$0.45bn in 2024.
With an anticipated annual growth rate (CAGR 2024-2028) of 10.05%, the market volume is expected to reach US$0.66bn by 2028.
When compared globally, the United States is projected to generate the highest revenue of US$7,647.00m in 2024 in the Dental Devices market market.
South Korea is experiencing a rising demand for advanced dental devices, driven by the country's emphasis on technological innovation and high standards of dental care.

Key regions: China, France, Netherlands, United Kingdom, Europe

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.