South Korea Non-pvc Iv Bags Market Size & Outlook
South Korea non-pvc iv bags market, 2018-2030 (US$M)
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South Korea non-pvc iv bags market highlights
- The South Korea non-pvc iv bags market generated a revenue of USD 26.8 million in 2023 and is expected to reach USD 60.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, single chamber was the largest revenue generating product in 2023.
- Multi Chamber is the most lucrative product segment registering the fastest growth during the forecast period.
Non-pvc iv bags market data book summary
| Market revenue in 2023 | USD 26.8 million |
| Market revenue in 2030 | USD 60.7 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Single chamber |
| Fastest growing segment | Multi Chamber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Chamber, Multi Chamber |
| Key market players worldwide | Baxter International Inc, B. Braun, Pfizer Inc, Fresenius SE & Co KGaA, Angiplast, Kraton Performance Polymers |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global non-pvc iv bags market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China non-pvc iv bags market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 181.6 million by 2030.
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Non-PVC IV Bags Market Scope
Non-PVC IV Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea non-pvc iv bags 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 non-pvc iv bags market will help companies and investors design strategic landscapes.
Single chamber was the largest segment with a revenue share of 58.96% in 2023. Horizon Databook has segmented the South Korea non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
The growing incidence of chronic illnesses like cardiovascular conditions, cancer, and diabetes is a key factor propelling the Non-PVC IV bags market. These bags, recognized for their safety in administering particular medications, are preferred in the treatment of chronic diseases.
For instance, as per the reports published by National Library of Medicine in 2023, it was estimated that there will be 273,076 new cases of cancer in Korea, leading to approximately 81,818 cancer-related deaths. Among various cancer sites, the most prevalent is predicted to be lung cancer, followed by thyroid, breast, colon and rectum, and stomach cancers.
Together, these top five types of cancer were anticipated to make up half of the total cancer cases in Korea. Moreover, the heightened awareness regarding patient safety concerns associated with specific materials in medical devices is likely to encourage healthcare providers to choose non-PVC IV bags, given their established safety profile in delivering specific medications.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea non-pvc iv bags market , including forecasts for subscribers. This country databook contains high-level insights into South Korea non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea non-pvc iv bags market size, by product, 2018-2030 (US$M)
South Korea Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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