South Korea Peripheral IV Catheters Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea Peripheral IV Catheters Market is experiencing significant growth, driven by the rising demand for advanced healthcare solutions. As hospitals and clinics expand, the need for efficient intravenous access devices increases. The market is witnessing a surge in technological advancements, ensuring better patient comfort and reduced complications.
Peripheral IV catheters are widely used in various healthcare settings, including hospitals, outpatient clinics, and home healthcare. The demand for these catheters has grown due to the increasing prevalence of chronic diseases, leading to a higher number of hospital admissions. With South Korea’s rapidly aging population, the necessity for reliable IV access devices has intensified.
Industries involved in the manufacturing of peripheral IV catheters focus on product innovation. Features such as safety catheters, antimicrobial coatings, and pressure-resistant materials are now common in the market. Medical device companies are heavily investing in research and development to create catheters that minimize infection risks and improve efficiency.
The South Korean healthcare sector adheres to strict regulatory standards, influencing the production and distribution of IV catheters. Local and international manufacturers must comply with safety guidelines to ensure quality and reliability. Hospitals and healthcare providers prioritize vendors offering products that meet these standards, ensuring patient safety and operational efficiency.
The increasing number of surgical procedures has further fueled the demand for peripheral IV catheters. Minimally invasive surgeries and emergency treatments rely on these devices for fluid administration, medication delivery, and blood transfusions. With advancements in catheter design, healthcare professionals can now utilize more efficient insertion techniques, reducing patient discomfort.
Key industry players continue to focus on strategic partnerships and acquisitions to expand their market presence. The South Korea Peripheral IV Catheters Market is expected to grow steadily, with innovative medical solutions driving its expansion. As healthcare infrastructure evolves, the demand for high-quality IV access devices will remain strong.
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Tangent Medical Technologies
Smith Medical
B. Braun Melsungen
C. R. Bard
Becton
Dickinson and Company
Argon Medical Devices
Terumo Corporation
Vygon SA
Teleflex
Tangent Medical Technologies
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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 Peripheral IV Catheters Market
Over-the-needle Catheters
Through-the-needle Catheters
Butterfly Catheters
PICC Lines (Peripherally Inserted Central Catheters)
Polyurethane Catheters
PVC (Polyvinyl Chloride) Catheters
Silicone Catheters
Coated Catheters
Small Gauge Catheters (e.g., 20G, 22G)
Medium Gauge Catheters (e.g., 18G, 16G)
Large Gauge Catheters (e.g., 14G)
Hospitals
Ambulatory Surgical Centers
Home Healthcare
Specialty Clinics
Oncology
Pain Management
Fluid and Blood Management
Antibiotic Administration
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Peripheral IV Catheters 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 Peripheral IV Catheters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Peripheral IV Catheters Market, By Type
6. South Korea Peripheral IV Catheters Market, By Application
7. South Korea Peripheral IV Catheters Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Peripheral IV Catheters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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