Market Size of South Korea Bariatric Surgery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Korea Bariatric Surgery Market Analysis
The South Korea Bariatric Surgery Market is expected to register a CAGR of 1% during the forecast period. Some of the factors such as an increase in obesity among people and a rising prevalence rate of Type 2 diabetes and heart diseases are propelling the market growth. As the prevalence of obesity is increasing in South Korea, the overall bariatric surgeries are expected to increase, which is expected to directly propel the bariatric surgery devices market. As per the South Korean Ministry of Health and Welfare, the obesity rate in South Korea - 42.8% of men and 25.5% of women in South Korea were considered obese in 2018. In addition, the prevalence of diabetes is rising among all age groups, which can be attributed to the growing obese population rate, along with unhealthy diets and sedentary lifestyles. Hence factors such as the prevalence of diabetes, insurance coverage for the surgeries, and government initiatives, are also driving the market studied.
