The south Korean pharmaceutical market is the 10th largest pharmaceutical market.
- The Korea pharmaceutical market size reached US $16 billion in 2012
- The compound annual growth rate (CAGR) for the past 10 years was 7%, growing at a fast rate
Size and Market Trends in Korea Pharmaceutical Industry
Size and Market Trends in Korea Pharmaceutical Industry (2003~2012)
Source : korea pharmaceutical manufacturers association (KPMA)
Korea Market
Main causes of death in 2012 are cancers, circulatory diseases, respiratory diseases, endocrine&metabolic diseases, etc. The death rate of cancers have high incident in lung, liver and stomach cancers. The death rate of respiratory diseases like cardiac disorders, cerebrovascular diseases, and hypertensive diseases have constantly increased since 2010.
- Market Revenue : 10 USB$
- Annual Growth Rate : 10.2%
- Market Revenue : 10 USB$
- Annual Growth Rate : 10.2%
Source : IMS Health