South Korea Limb/Leg Lengthening Surgery Market Size, Share, and COVID-19 Impact Analysis, By Procedure (Lengthening Over Nail, Prostheses, External Fixation), By End User (Ambulatory Surgical Centers, Specialty Clinics, Others), and South Korea Limb/Leg Lengthening Surgery Market Insights Forecasts to 2033

Industry: Healthcare

RELEASE DATE Jan 2024
REPORT ID SI3365
PAGES 200
REPORT FORMAT PathSoft

South Korea Limb/Leg Lengthening Surgery Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 6.4% from 2023 to 2033.
  • The South Korea Limb/Leg Lengthening Surgery Market Size is Expected to Hold a Significant Share by 2033.

 

South Korea Limb/Leg Lengthening Surgery Market

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The South Korea Limb/Leg Lengthening Surgery Market Size is Expected to Hold a significant share by 2033, at a CAGR of 6.4% during the forecast period 2023 to 2033.

 

Market Overview

Limb/leg lengthening surgery involves the regeneration of new bones. The internal soft tissues, blood vessels, ligaments, and nerves surrounding the bone are used by the procedure to support the bone. The process, which involves cosmetic lengthening, falls under the category of orthopedic surgery. Furthermore, the growing prevalence of congenital abnormalities in children's bodies is driving the growth of the limb-lengthening industry. Increases in healthcare spending in both developed and developing nations are anticipated to fuel the market for limb or leg lengthening surgery growth over the forecast period. In additional, the rising popularity of medical tourism, particularly in the country, provides access to cutting-edge healthcare treatments at more affordable prices. The market stands to benefit significantly from this opportunity. The majority of limb or leg lengthening surgeries performed in anywhere are uncontrolled procedures. This suggests that it can be performed widely by licensed medical professionals without the need for additional government regulations on various performance parameters. One of the main factors driving market expansion has been the creation of more efficient healthcare solutions as a direct result of industry advancements. The increase in the number of people seeking aesthetic intervention for leg or limb lengthening surgery is mainly due to the progress made in surgical techniques.

 

Report Coverage

This research report categorizes the market for South Korea limb/leg lengthening surgery market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea limb/leg lengthening surgery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the South Korea limb/leg lengthening surgery market.

 

South Korea Limb/Leg Lengthening Surgery Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:6.4%
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Procedure, By End User and COVID-19 Impact Analysis.
Companies Covered: Ajinomoto Korea Co., Ltd., Medos Korea Co., Ltd, Chuncheon Bio-materials Co., Ltd., Medyssey Co., Ltd., and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The growing focus on physical appearance and aesthetics as a result of the growth of the cosmetics industry has increased the number of people opting for cosmetic surgeries in South Korea. Another factor contributing to the rising number of people seeking cosmetic surgery is the shifting public perception of beauty and appearance brought about by social media and motion pictures. Furthermore, minimally invasive surgeries can now be performed by surgeons, who can recover quickly through to the technological advancements in medicine.

 

Restraining Factors

Late complications include length loss, late bowing, and refracture. Another long-term follow-up issue could be joint stiffness. Other issues that come up during limb lengthening, particularly in the more severe cases, include pain and trouble sleeping. Thus, such factors are hampering the market growth in forecast period.

 

Market Segment

  • In 2023, the lengthening over nail segment accounted for the largest revenue share over the forecast period.

Based on the procedure, the South Korea limb/leg lengthening surgery market is segmented into lengthening over nail, prostheses, and external fixation. Among these, the lengthening over nail segment has the largest revenue share over the forecast period. When lengthening with an intramedullary nail, the nail is locked at the increased length at the end of the distraction phase and the external fixator is removed. During the consolidation phase and the duration of external fixation, the regenerate is shielded by the nail.

 

  • In 2023, the ambulatory surgical centers segment accounted for the largest revenue share over the forecast period.

Based on the end user, the South Korea limb/leg lengthening surgery market is segmented into ambulatory surgical centers, specialty clinics, and others. Among these, the ambulatory surgical centers segment has the largest revenue share over the forecast period. Rising public health consciousness and government programs to offer ambulatory healthcare services have resulted in a significant rise in the number of outpatients. The number of ambulatory surgical centers has increased due to factors such as an ageing population, a rise in the prevalence of chronic diseases, rising healthcare costs, and technological advancements. These facilities provide cutting-edge surgery with shorter hospital stays, fueling this market's expansion.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea limb/leg lengthening surgery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Ajinomoto Korea Co., Ltd.
  • Medos Korea Co., Ltd
  • Chuncheon Bio-materials Co., Ltd.
  • Medyssey Co., Ltd.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea limb/leg lengthening surgery market based on the below-mentioned segments:

 

South Korea Limb/Leg Lengthening Surgery Market, By Procedure

  • Lengthening Over Nail
  • Prostheses
  • External Fixation

 

South Korea Limb/Leg Lengthening Surgery Market, By End User

  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

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