South Korea Respiratory Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

[Report Description]

The market for respiratory devices has been increasing in South Korea primarily due to increasing prevalence of increasing prevalence of respiratory disorders, such as COPD, TB, Asthma, respiratory tract infections, and Sleep Apnea.

The prevalence of chronic obstructive pulmonary disease (COPD) in the adult population in South Korea was found to be between 13.1% to 14.6% in 2016, as per a report by Hyoung Kyu Yoon et al., published in Journal of the Korean Medical Association 2018. Moreover, the report states that the prevalence of COPD is increasing continuously that is increasing the adoption of the respiratory devices.

Owing to the rapid advancements in the devices, the population has benefited with the new technologies which are more effective. This has propelled the growth of the market even further.

Key Market Trends

Inhalers as Therapeutic devices are Expected to Register High Growth in the Forecast Period

There has been an increasing prevalence of COPD cases seen increasing continuously that has helped in the adoption of inhalers. Inhalers are very common among asthma patients as a delivery method. There are COPD inhalers that are hand-held, portable devices that deliver medication to lungs. A variety of COPD inhalers are available to help control COPD symptoms. Hence as the prevalence of COPD increases in South Korea, the demand for inhalers is expected to increase as well. This is expected to help the market growth in the region.

Competitive Landscape

The respiratory devices market consists of several major players, but South Korea still has few major players in the market. The companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition and partnerships that help them in strengthening their market position.

Additional Benefits:

• The market estimate (ME) sheet in Excel format


• 3 months of analyst support