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Korean Healthcare Industry

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Pharmaceutical Market in Korea

Korean pharmaceutical market has surged 10.2% to US$8.69 Billion in 2006.

  • Korea has the 11th largest market in the world.
  • Korean market is expected to grow at more than 10% until 2010.

Market Size of Korean Pharmaceutical Product

(US$ Mill)
  • 2003

    7.3 15.1%
  • 2004

    9.2 22.6%
  • 2005

    10.3 16.5%
  • 2006

    12.0 13.3%
  • 2007

    13.6

Share of global market (sales)5

  • KOREA 1.5%
  • Japan 10%
  • Australia 1%
  • Rest of the world 21%
  • North America 45%
  • Europe 20%
  • UK 3%

Source: Delphi pharma, Market forecasts