
Generics in South Korea
Description
Generics in South Korea
Summary
Generics in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Generics in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A generic drug is defined as a copy of an ethical (prescription) drug formerly protected by patents that have now expired. Both unbranded generics and branded generics are included in our market scope. However, off-patent drugs that continue to be offered by the original manufacturer under the original name, and which form part of the 'generic-eligible' market, are not included. Market value is evaluated at ex-factory prices. Market volume refers to the proportion of the total ethical pharmaceutical market in a country or region that is made up of generic drugs. Thus, it is a measure of the market share held by generics, rather than a direct measure of the total market volume. Regional volumes are calculated as averages of countries that comprise the region where volume data exists.
- The South Korean generics market recorded revenues of $5.5 billion in 2023, representing a compound annual growth rate (CAGR) of 4.7% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.6% between 2018 and 2023, to reach a total of 65.3 % of total pharma volume in 2023.
- In South Korea, where healthcare reform has been a key focus, generics provide an effective solution for cost containment, particularly in volume-based procurement programs.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the generics market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the generics market in South Korea
- Leading company profiles reveal details of key generics market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea generics market with five year forecasts
- What was the size of the South Korea generics market by value in 2023?
- What will be the size of the South Korea generics market in 2028?
- What factors are affecting the strength of competition in the South Korea generics market?
- How has the market performed over the last five years?
- How large is South Korea’s generics market in relation to its regional counterparts?
Table of Contents
39 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. Have there been any recent developments in the market?
- 8 Company Profiles
- 8.1. Hanmi Pharmaceuticals Co Ltd
- 8.2. JW Holdings Corp
- 8.3. Dong Wha Pharma Co Ltd
- 8.4. Dongkook Pharmaceutical Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea generics market value: $ million, 2018-23
- Table 2: South Korea generics market volume: % of total pharma volume, 2018-23
- Table 3: South Korea generics market geography segmentation: $ million, 2023
- Table 4: South Korea generics market value forecast: $ million, 2023-28
- Table 5: South Korea generics market volume forecast: % of total pharma volume, 2023-28
- Table 6: Hanmi Pharmaceuticals Co Ltd: Key Facts
- Table 7: Hanmi Pharmaceuticals Co Ltd: Annual Financial Ratios
- Table 8: Hanmi Pharmaceuticals Co Ltd: Key Employees
- Table 9: JW Holdings Corp: Key Facts
- Table 10: JW Holdings Corp: Annual Financial Ratios
- Table 11: JW Holdings Corp: Key Employees
- Table 12: Dong Wha Pharma Co Ltd: Key Facts
- Table 13: Dong Wha Pharma Co Ltd: Annual Financial Ratios
- Table 14: Dongkook Pharmaceutical Co Ltd: Key Facts
- Table 15: Dongkook Pharmaceutical Co Ltd: Annual Financial Ratios
- Table 16: South Korea Size of Population (million), 2019-23
- Table 17: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 18: South Korea GDP (Current Prices, $ Billion), 2019-23
- Table 19: South Korea Inflation, 2019-23
- Table 20: South Korea Consumer Price Index (Absolute), 2019-23
- Table 21: South Korea Exchange Rate, 2018-23
- List of Figures
- Figure 1: South Korea generics market value: $ million, 2018-23
- Figure 2: South Korea generics market volume: % of total pharma volume, 2018-23
- Figure 3: South Korea generics market geography segmentation: % share, by value, 2023
- Figure 4: South Korea generics market value forecast: $ million, 2023-28
- Figure 5: South Korea generics market volume forecast: % of total pharma volume, 2023-28
- Figure 6: Forces driving competition in the generics market in South Korea, 2023
- Figure 7: Drivers of buyer power in the generics market in South Korea, 2023
- Figure 8: Drivers of supplier power in the generics market in South Korea, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the generics market in South Korea, 2023
- Figure 10: Factors influencing the threat of substitutes in the generics market in South Korea, 2023
- Figure 11: Drivers of degree of rivalry in the generics market in South Korea, 2023
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