Pharmaceuticals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Korea pharmaceuticals market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The pharmaceuticals market consists of ethical drugs only and does not include consumer healthcare or animal healthcare. Market values have been calculated at ex-factory prices (the value at which manufacturers sell the drugs to distributors). Any currency conversions used in the production of this report have been calculated at constant 2016 annual average exchange rates.
The South Korean pharmaceuticals market had total revenues of $18.0bn in 2016, representing a compound annual growth rate (CAGR) of 1.6% between 2012 and 2016.
Plans to introduce full medical coverage for four major chronic disease areas - cancer, cardiovascular, cerebrovascular and rare diseases - as part of expansion of National Health Insurance (NHI) coverage, is expected to drive growth in the next five years.
The South Korean government has been providing help to companies such as Celltrion and Samsung build a presence in biosimilar drugs. Biosimilar drugs are said to be almost impossible to replicate exactly – unlike traditional drugs which can be easily copied once patents expire – and is an area undergoing growth.
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What was the size of the South Korea pharmaceuticals market by value in 2016?
What will be the size of the South Korea pharmaceuticals market in 2021?
What factors are affecting the strength of competition in the South Korea pharmaceuticals market?
How has the market performed over the last five years?
Who are the top competitiors in South Korea's pharmaceuticals market?