South Korea Home Infusion Therapy Market Size & Outlook
South Korea home infusion therapy market, 2018-2030 (US$M)
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South Korea home infusion therapy market highlights
- The South Korea home infusion therapy market generated a revenue of USD 269.4 million in 2023 and is expected to reach USD 430.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, anti-infective was the largest revenue generating application in 2023.
- Endocrinology is the most lucrative application segment registering the fastest growth during the forecast period.
Home infusion therapy market data book summary
| Market revenue in 2023 | USD 269.4 million |
| Market revenue in 2030 | USD 430.4 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Anti-infective |
| Fastest growing segment | Endocrinology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Infective, Endocrinology, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals |
| Key market players worldwide | CVS Group PLC, Walgreens Boots Alliance Inc, UnitedHealth Group Inc, BrightSpring Health Services Inc, Fresenius Medical Care AG, ICU Medical Inc, B. Braun Medical, Baxter International Inc, BD, Smiths Group PLC, Terumo Corp, Caesarea Medical Electronics |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.7% of the global home infusion therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan home infusion therapy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,171.1 million by 2030.
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Home Infusion Therapy Market Scope
Home Infusion Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea home infusion therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home infusion therapy market will help companies and investors design strategic landscapes.
Anti-infective was the largest segment with a revenue share of 26.76% in 2023. Horizon Databook has segmented the South Korea home infusion therapy market based on anti-infective, endocrinology, hydration therapy, chemotherapy, enteral nutrition, parenteral nutrition, specialty pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
According to World Bank Group, the country’s population aged 65 & above accounted for nearly 15.1% of the total population in 2019. In addition, according to Cable News Network, the country’s population aged above 65 is estimated to be around 23.4% by 2030. Rapidly growing geriatric population is anticipated to increase the demand for long-term and home care services, thereby fueling the market growth. Furthermore, in 2018, the Korean government announced a plan to expand the scope of home services for senior residents, which is expected to be realized by 2025.
Such supportive government initiatives are anticipated to propel the market growth. Presence of innovative local companies such as Meinntech Co., Ltd. is also anticipated to contribute to the market growth. For instance, Meinntech’s Any fusion model is a combination product of syringe and infusion pump, thus leveraging the benefits of both systems in one model.
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Our clientele includes a mix of home infusion therapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea home infusion therapy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea home infusion therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea home infusion therapy market size, by application, 2018-2030 (US$M)
South Korea Home Infusion Therapy Market Outlook Share, 2023 & 2030 (US$M)
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