South Korea Intravenous Solutions Market Size & Outlook
South Korea intravenous solutions market, 2018-2030 (US$M)
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South Korea intravenous solutions market highlights
- The South Korea intravenous solutions market generated a revenue of USD 235.4 million in 2023 and is expected to reach USD 420.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, total parenteral nutrition was the largest revenue generating product in 2023.
- Total Parenteral Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Intravenous solutions market data book summary
| Market revenue in 2023 | USD 235.4 million |
| Market revenue in 2030 | USD 420.9 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Total parenteral nutrition |
| Fastest growing segment | Total Parenteral Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Total Parenteral Nutrition, Peripheral Parenteral Nutrition |
| Key market players worldwide | Fresenius SE & Co KGaA, Fresenius Kabi, Pfizer Inc, Otsuka Pharmaceutical, Baxter International Inc, B. Braun, JW Life Sciences, CSL Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global intravenous solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China intravenous solutions 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 893.7 million by 2030.
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Intravenous Solutions Market Scope
Intravenous Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea intravenous solutions 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 intravenous solutions market will help companies and investors design strategic landscapes.
Total parenteral nutrition was the largest segment with a revenue share of 65.89% in 2023. Horizon Databook has segmented the South Korea intravenous solutions market based on total parenteral nutrition, peripheral parenteral nutrition covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has a large elderly population; thus, the need for clinical nutrition and parenteral feeding is high. The country is anticipated to become a super-aged society by 2026, wherein the elderly population will account for more than 20% of the overall population.
Moreover, the increase in the incidence of head and neck cancer is another major factor driving the growth of the parenteral nutrition market in South Korea.
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Target buyers of South Korea intravenous solutions market databook
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Our clientele includes a mix of intravenous solutions 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 intravenous solutions market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intravenous solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intravenous solutions market size, by product, 2018-2030 (US$M)
South Korea Intravenous Solutions Market Outlook Share, 2023 & 2030 (US$M)
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