South Korea Single-Use Pen Needles for Subcutaneous Injection Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The South Korea Single-Use Pen Needles for Subcutaneous Injection Market has witnessed significant growth, primarily driven by the increasing prevalence of chronic diseases like diabetes. With South Korea's rapidly aging population and advancements in healthcare technology, the demand for efficient, easy-to-use, and safe injection devices has surged. Subcutaneous injections are commonly used for delivering medications such as insulin, biologics, and other therapies that require continuous, precise administration. As a result, industries in South Korea are looking for high-quality single-use pen needles to meet the increasing healthcare demands.
The market's application across various industries, especially healthcare and pharmaceutical sectors, is critical. As diabetes and autoimmune disorders rise, the need for subcutaneous injections becomes even more pronounced. Pharmaceutical companies are constantly innovating, developing new injectable drugs that require specialized delivery systems. Single-use pen needles are the preferred choice due to their convenience, ease of use, and hygiene factors. These devices not only enhance patient compliance but also minimize the risk of contamination and cross-infection, which is a crucial factor in healthcare settings.
One of the key requirements from industries is the demand for high-quality, precision-engineered needles that ensure smooth and pain-free injections. The South Korean market is particularly focused on the production of needles that offer minimal discomfort during use, which enhances the patient experience. Additionally, the packaging and needle design are also important factors that cater to user-friendly features. As healthcare providers move towards patient-centric care, the integration of advanced technology in needle design becomes vital. Easy-to-handle, ergonomically designed pens and needle systems can increase medication adherence and streamline treatment processes.
With the South Korean government’s efforts to enhance healthcare infrastructure and the increasing adoption of self-administered injections, the demand for single-use pen needles is expected to rise even further. Manufacturers must remain ahead of the curve by investing in research and development to create innovative needle solutions that meet the evolving needs of the medical community. In this rapidly growing market, ensuring that single-use pen needles are efficient, cost-effective, and easy to use will be the key to industry success.
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BD
Novo Nordisk
Artsana
B. Braun
Terumo
Ypsomed
Owen Mumford
HTL-Strefa
Beipu
Kangdelai
Ulticare
Allison Medical
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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 Single-Use Pen Needles for Subcutaneous Injection Market
Insulin Pen Needles
GLP-1 Pen Needles
Other Medication Pen Needles
Short Needles (4mm)
Medium Needles (5mm and 6mm)
Long Needles (8mm and above)
Stainless Steel Needles
Plastic Coated Needles
Other Composite Material Needles
Hospitals
Home Care Settings
Nursing Homes
Diabetes Clinics
Online Retailers
Pharmacies
Direct Sales
Hospitals and Clinics
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Single-Use Pen Needles for Subcutaneous Injection 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 Single-Use Pen Needles for Subcutaneous Injection Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Single-Use Pen Needles for Subcutaneous Injection Market, By Type
6. South Korea Single-Use Pen Needles for Subcutaneous Injection Market, By Application
7. South Korea Single-Use Pen Needles for Subcutaneous Injection Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Single-Use Pen Needles for Subcutaneous Injection Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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