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Infusion Systems Demand In Hospitals South Korea

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The South Korea Drug Delivery Devices Market report provides value, in millions of US dollars and volume (in units) within market categories-Central Venous Catheters, Needle Free Injections, Infusion Systems and Metered Dose Inhaler Devices... To know more, Click on the link below – PowerPoint PPT presentation

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Title: Infusion Systems Demand In Hospitals South Korea


1
Strict Regulatory Framework Poses a Challenge to
South Koreas Drug Delivery Systems Market Ken
Research
2
South Korea is one of the worlds most rapidly
industrializing countries with dense population.
South Korea is Asias fifth largest economy and
worlds fifteenth largest economy. South Korea is
also one of the countries with lowest birth rate
in the world and increasing aging population.
With pollution and increasing aged population
there is an increase in many lifestyle diseases
such as diabetes, musculoskeletal disorder,
chronic respiratory diseases, neuropsychiatric
disorders, various cancers, tuberculosis, rising
incidence of infectious diseases, parasitic
diseases, kidney disorders and many other
diseases. Drug delivery devices are central
venous catheters, needle free injections,
infusion systems and metered dose inhaler
devices. These devices are used to administer
medicinal drugs to the patients which are
dose-optimized systems with a higher level of
safety and efficiency. All the advanced medicinal
drugs are supported by drug delivery technology
and therefore, the drug delivery devices market
is developing rapidly. User friendly drug
delivery devices meet the growing needs of
imminent drug novelties and rising patients in
South Korea. It was observed that there are
massive opportunities for manufacturers in drug
delivery devices market which is the key factor
for future growth.
3
The major factors driving the growth in the drug
delivery devices in South Korea are increased
prevalence of chronic diseases, technological
advances, increase in individual therapy,
increased understanding about drug metabolism
among the population and requirement of
controlled drug release. The major challenges
faced by the drug delivery systems in South Korea
are injuries, infections, high cost of
development, and strict regulatory framework.
Various drug delivery devices available in South
Korea are injectable, transdermal, ocular,
implantable, oral, nasal, topic and pulmonary
drug delivery devices. Injectable drug delivery
system is the leading and convenient drug
delivery devices in the country. The increasing
occurrence of chronic and acute diseases along
with the growing population has resulted in an
increased number of hospitalizations. These
circumstances are driving the growth of
intravenous access devices market in the
country. According to the study South Korea
Drug Delivery Devices Market Outlook to
2023-Central Venous Catheters, Infusion Systems,
Needle Free Injections and Metered Dose Inhaler
Devices, all the surgical and nonsurgical
procedures require intravenous access devices
such as IV port to administer medicinal drugs
into a human system.
4
The development in surgical procedures, patient
awareness has encouraged the healthcare
professionals to adopt intravenous access devices
such as central venous catheters and vascular
access devices for safe and accurate drug
delivery. The intravenous drug access devices are
categorized into intravenous catheters and
intravenous infusion pumps. These are used at
dialysis centres, home care, hospitals, clinics,
and ambulatory surgical centres. Catheters are of
various types such as short peripheral
intravenous catheters (PIVC), integrated closed
PIVCs, and peripherally inserted central
catheters (PICC). Central intravenous catheters
(CIVC) are used for long-term intravenous access
during prevalence of chronic diseases. Therefore,
CIVC device market is experiencing a rapid growth
in the intravenous catheters segment. There is a
huge demand for safety short PIVCs and advanced
integrated or closed PIVCs and increased
emergency hospital visits. Almost all the
specialists in various multispecialty and big
healthcare facilities employ PIVCs, CIVCs, and
intravenous infusion pumps to administer
intravenous medication to the patients.
5
The global intravenous access devices market is
fragmented due to high competition between global
and regional players. The leading player in
global intravenous access devices are B. Braun
Melsungen, BD, C. R. Bard, Smiths Medical, TERUMO
CORPORATION, AngioDynamics, APEXMED
International, Baxter, Cook Medical, Delta Med,
EXELINT International, Fresenius, GaltNeedleTech,
Global Medikit, Hospira, ICU Medical, Medtronic,
NIPRO Medical, Promed Group, RenovoRx,
Retractable Technologies, Teleflex, Vigmed, and
Vygon. Majority of the South Koreans prefer
self-administration of drugs using needle-free
delivery devices to reduce or avoid medical
costs. Many of the patients in South Korea
self-administer medicinal drugs using a
self-injectable medication. This has led to a
huge demand for needle-free drug delivery
products, and encourages pharmaceutical companies
to invent new self-administration drugs. Many
leading companies around the world are investing
heavily in the development of micro-needle drug
delivery systems with advanced technology.
Various needle free drug delivery systems are jet
injectors and transdermal drug delivery systems.
It was observed that patients with needle phobia
prefer pain-free injections and the alternative
is needle-fee drug delivery systems. The
needle-free drug delivery systems are used for
insulin delivery, vaccination and pain management.
6
Pulmonary drug delivery systems are Dry powder
inhaler (DPI), Metered dose inhaler (MDI) and
Nebulisers. These systems deposit pulmonary drugs
in the lungs for systemic therapeutic activity.
Lungs have a large surface area for absorption,
high blood circulation, and high permeability
rate therefore, majority of the chronic
obstructive pulmonary disorders are treated
through pulmonary route. Pulmonary drugs delivery
is accomplished through intranasal administration
or oral inhalative administration. Oral
inhalative administration includes intratracheal
inhalation and intratracheal instillation where
drugs are delivered through MDIs, DPIs, and
nebulizers. The increasing chronic obstructive
pulmonary disorder in South Koreans due to
industrial pollution has encouraged this market
to continue development. Intranasal drug
delivery systems are medical devices used to
administer drugs for local diseases in the nose
and paranasal sinus. The continuing technological
advancements in intranasal drug delivery system
has encouraged efficient treatment for such
cases. Transdermal drug delivery system utilizes
skin for drug administration into the human
systemic blood circulation.
7
Various transdermal drug delivery systems are
plasters, various ointments and patches.
Transdermal drug administration has several
advantages such as less traumatic compared to
other drug delivery systems, and it is effective
when a patient receives a full dosage of any
drug. The transdermal drug delivery systems
market in South Korea is ever-growing due to its
useful applications. It was observed that the
South Korean drug delivery devices market will
continue growing in the upcoming years due to
demand for the drug delivery devices to treat the
increasing health disorders developed by
westernization and pollution caused due to
industrialization. Key Topics Covered in the
Report South Korea Drug Delivery Devices Market
Research Report South Korea Drug Delivery Devices
Industry Performance South Korea Drug Delivery
Devices Market Future Outlook Syringes Market
Growth Outlook South Korea Nebulizers Market
Research South Korea Nazal Spray Demand South
Korea
8
Infusion Pump Demand South Korea Drug Eluting
Stent Market South Korea South Korea Drug
Delivery Pump Consumption in Hospitals South
Korea Healthcare Industry Medical Devices Market
Revenue South Korea South Korea Drug Delivery
Devices Major Manufacturers South Korea Needle
Free Injections Supplies Infusion Systems Demand
In Hospitals South Korea To know more, Click on
the link below https//www.kenresearch.com/healthc
are/medical-devices/south-korea-drug-delivery-devi
ces/135990-91.html
9
Related Reports https//www.kenresearch.com/healt
hcare/medical-devices/canada-drug-delivery-devices
/135997-91.html https//www.kenresearch.com/healt
hcare/medical-devices/brazil-drug-delivery-devices
/135996-91.html Contact Us Ken Research Ankur
Gupta, Head Marketing Communications sales_at_kenre
search.com 0124-4230204
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