Summary
Pharmaceuticals in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The pharmaceutical market includes sales of both prescriptions and over-the-counter (OTC) drugs. The market scope does not cover consumer healthcare and animal health products.
- The South Korean pharmaceuticals market recorded revenues of $27.0 billion in 2024, representing a compound annual growth rate (CAGR) of 4.8% between 2019 and 2024.
- The cardiovascular disease drugs segment accounted for the market's largest proportion in 2024, with total revenues of $4.4 billion, equivalent to 16.2% of the market's overall value.
- The South Korean pharmaceuticals market witnessed healthy growth in 2024, registering an annual growth of 6.0%.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the pharmaceuticals market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the pharmaceuticals market in South Korea
- Leading company profiles reveal details of key pharmaceuticals market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea pharmaceuticals market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the South Korea pharmaceuticals market by value in 2024?
- What will be the size of the South Korea pharmaceuticals market in 2029?
- What factors are affecting the strength of competition in the South Korea pharmaceuticals market?
- How has the market performed over the last five years?
- How large is South Korea’s pharmaceuticals market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value 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. What are the recent developments in the market?
8 Company Profiles
8.1. Chong Kun Dang Pharmaceutical Corp.
8.2. Hanmi Pharmaceuticals Co Ltd
8.3. Celltrion Inc
8.4. Yuhan Corp
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 pharmaceuticals market value: $ million, 2019-24
Table 2: South Korea pharmaceuticals market category segmentation: % share, by value, 2019-24
Table 3: South Korea pharmaceuticals market category segmentation: $ million, 2019-24
Table 4: South Korea pharmaceuticals market geography segmentation: $ million, 2024
Table 5: South Korea pharmaceuticals market value forecast: $ million, 2024-29
Table 6: Chong Kun Dang Pharmaceutical Corp.: Key Facts
Table 7: Chong Kun Dang Pharmaceutical Corp.: Annual Financial Ratios
Table 8: Chong Kun Dang Pharmaceutical Corp.: Key Employees
Table 9: Hanmi Pharmaceuticals Co Ltd: Key Facts
Table 10: Hanmi Pharmaceuticals Co Ltd: Annual Financial Ratios
Table 11: Hanmi Pharmaceuticals Co Ltd: Key Employees
Table 12: Celltrion Inc: Key Facts
Table 13: Celltrion Inc: Annual Financial Ratios
Table 14: Celltrion Inc: Key Employees
Table 15: Yuhan Corp: Key Facts
Table 16: Yuhan Corp: Annual Financial Ratios
Table 17: Yuhan Corp: Key Employees
Table 18: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea pharmaceuticals market value: $ million, 2019-24
Figure 2: South Korea pharmaceuticals market category segmentation: $ million, 2019-24
Figure 3: South Korea pharmaceuticals market geography segmentation: % share, by value, 2024
Figure 4: South Korea pharmaceuticals market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the pharmaceuticals market in South Korea, 2024
Figure 6: Drivers of buyer power in the pharmaceuticals market in South Korea, 2024
Figure 7: Drivers of supplier power in the pharmaceuticals market in South Korea, 2024
Figure 8: Factors influencing the likelihood of new entrants in the pharmaceuticals market in South Korea, 2024
Figure 9: Factors influencing the threat of substitutes in the pharmaceuticals market in South Korea, 2024
Figure 10: Drivers of degree of rivalry in the pharmaceuticals market in South Korea, 2024
