South Korea Retinal Imaging Devices Market Forecast 2023-2030

South Korea Retinal Imaging Devices Market Forecast 2023-2030

KEY FINDINGS

The South Korea retinal imaging devices market growth is predicted to project a CAGR of 8.33% during the forecast period, 2023-2030. The market growth is accredited to driven by a rising incidence of retinal diseases, an aging population, technological advancements, and a growing awareness of the importance of early diagnosis and treatment of eye disorders.

MARKET INSIGHTS

In 2021, total health expenditure in South Korea accounted for around 8.8 percent of the country's GDP. Individuals in South Korea could now access more modern and specialized medical services due to rising disposable income and healthcare spending. This adds to the growing need for retinal imaging devices, which is critical in the diagnosis and management of a variety of eye illnesses. South Korea is quickly becoming a medical tourism hotspot, luring patients from neighboring nations seeking specialist treatments. This tendency is supported by the availability of modern retinal imaging instruments in respected healthcare facilities among other healthcare services. Over the previous decade, South Korea has been a leader in the medical tourism industry, with over 400,000 foreign patients visiting the country each year for medical treatment. As health payers looking for alternatives to expensive U.S. healthcare began to look beyond the border for options, they started seeking medical aid from Korea's medical system.

COMPETITIVE INSIGHTS

Some of leading players in the South Korea retinal imaging devices market are Kowa Company Ltd, Heidelberg Engineering GmbH, NIDEK CO LTD, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments