South Korea Subcutaneous Drug Delivery Devices Market Size & Outlook
South Korea subcutaneous drug delivery devices market, 2018-2030 (US$M)
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South Korea subcutaneous drug delivery devices market highlights
- The South Korea subcutaneous drug delivery devices market generated a revenue of USD 448.6 million in 2023 and is expected to reach USD 920.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, pen injectors was the largest revenue generating product in 2023.
- Wearable injectors is the most lucrative product segment registering the fastest growth during the forecast period.
Subcutaneous drug delivery devices market data book summary
| Market revenue in 2023 | USD 448.6 million |
| Market revenue in 2030 | USD 920.4 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Pen injectors |
| Fastest growing segment | Wearable injectors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Prefilled syringes, Pen injectors, Auto-injectors, Wearable injectors, Needle-free injectors |
| Key market players worldwide | Gerresheimer AG ADR, Medtronic PLC, Ypsomed Holding AG, Novo Nordisk A/S ADR, Insulet Corp, Becton Dickinson & Co, West Pharmaceutical Services Inc, PHARMAJET, Unilife Corporation |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global subcutaneous drug delivery devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan subcutaneous drug delivery devices 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 2,758.1 million by 2030.
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Subcutaneous Drug Delivery Devices Market Scope
Subcutaneous Drug Delivery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea subcutaneous drug delivery devices 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 subcutaneous drug delivery devices market will help companies and investors design strategic landscapes.
Pen injectors was the largest segment with a revenue share of 43.11% in 2023. Horizon Databook has segmented the South Korea subcutaneous drug delivery devices market based on prefilled syringes, pen injectors, auto-injectors, wearable injectors, needle-free injectors covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, the growing elderly population is expected to contribute to market expansion. According to the United Nations Population Fund’s published statistics for 2022, in South Korea, around 71% of the living population was between the ages of 15 and 64 years.
Hence, the increasing geriatric population is more likely to develop chronic diseases requiring proper monitoring and diagnosis, which is anticipated to improve the demand for subcutaneous drug delivery devices.
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Target buyers of South Korea subcutaneous drug delivery devices market databook
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Our clientele includes a mix of subcutaneous drug delivery devices 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 subcutaneous drug delivery devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea subcutaneous drug delivery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea subcutaneous drug delivery devices market size, by product, 2018-2030 (US$M)
South Korea Subcutaneous Drug Delivery Devices Market Outlook Share, 2023 & 2030 (US$M)
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