Market Research Reports - Ken Research South Korea Drug Delivery Devices Industry Perform

Strict Regulatory Framework Poses a Challenge to South Korea’s Drug Delivery Systems
Market: Ken Research
South Korea is one of the world’s most rapidly industrializing countries with dense population.
South Korea is Asia’s fifth largest economy and world’s 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.
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. 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,