South Korea Intravenous Feeding Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korean intravenous feeding market has been experiencing significant growth due to the rising demand for healthcare services and advancements in medical technology. Intravenous (IV) feeding, also known as parenteral nutrition, is a critical treatment for patients who cannot consume food orally due to various medical conditions, such as digestive disorders or surgery recovery. With the growing prevalence of chronic diseases and an aging population, the need for effective and efficient IV feeding solutions is at an all-time high.
Key drivers for the expansion of the South Korean intravenous feeding market include increased healthcare infrastructure, heightened awareness about specialized nutrition, and technological improvements in the formulation of IV nutrition. This market is mainly influenced by two key types of intravenous feeding: total parenteral nutrition (TPN) and peripheral parenteral nutrition (PPN). TPN is the dominant form of IV feeding, used for patients who require long-term nutrition support, while PPN is typically administered for short-term use in patients with less severe conditions.
The pharmaceutical and biotechnology industries in South Korea are the primary contributors to the IV feeding market. Hospitals, especially specialized medical centers, and outpatient clinics are significant consumers of these feeding solutions. In addition, the growing trend of home-based healthcare services has also led to an increase in demand for intravenous feeding products. This is particularly true for patients with chronic conditions who need ongoing IV nutrition at home.
Industries are increasingly looking for high-quality, safe, and effective intravenous feeding solutions. They are also focusing on ensuring that these solutions cater to individual patient needs. As the demand for personalized nutrition rises, companies are investing in research and development to create tailored IV feeding options. This includes the development of custom blends of nutrients based on patients’ specific medical conditions, as well as advancements in IV delivery systems that improve patient comfort and reduce complications.
Furthermore, the rise of geriatric patients in South Korea has contributed to the growing requirement for intravenous feeding. Older adults are more prone to malnutrition, requiring specialized IV nutrition to maintain health and vitality. The South Korean healthcare market has been quick to adapt, leading to the availability of more efficient feeding options that are both affordable and easily accessible.
As the South Korean intravenous feeding market continues to evolve, its future looks promising with further innovations on the horizon. The ongoing advancements in medical science, coupled with the increased focus on patient-centered care, ensure that the market will remain an essential component of healthcare in South Korea.
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B. Braun
Baxter
Fresenius
Aculife Healthcare
Grifols
Hospira
Terumo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Intravenous Feeding Market
Parenteral Nutrition Solutions
IV Infusion Sets
IV Catheters
Hospital Care
Home Healthcare
Long-Term Care Facilities
Hospitals
Homecare Settings
Pharmacies and Retail Clinics
Peripheral IV Administration
Central IV Administration
Direct Sales
Distributors
Online Retail
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Intravenous Feeding Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Intravenous Feeding Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Intravenous Feeding Market, By Type
6. South Korea Intravenous Feeding Market, By Application
7. South Korea Intravenous Feeding Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Intravenous Feeding Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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