South Korea Active Pharmaceutical Ingredients Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031) (undefined)

South Korea Active Pharmaceutical Ingredients Market is Segmented By Product Type (Low Potent APIs, High Potent APIs), By Molecular Type (Small Molecules, Large Molecules), By Formulation (Oral, Topical, Injectables, Drops), By Application (Diabetes, Oncology, Cardiovascular, CNS, Analgesics, Ophthalmic, Respiratory, Dermatology, Others). The report offers the value (in USD Billion) for the above-mentioned segments

South Korea Active Pharmaceutical Ingredients Market Size

Market Size in USD

CAGR5.1%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR5.1%
Market ConcentrationMedium
Major PlayersTeva Pharmaceutical Industries Ltd., Kyongbo Pharm, SAMOH Pharm. Co., Ltd. , SHINPOONG.CO,.LTD, Kukjeon Pharmaceutical Co., Ltd.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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South Korea Active Pharmaceutical Ingredients Market Analysis

The South Korea Active Pharmaceutical Ingredients Market is estimated to be valued at USD 6.1 Bn in 2024 and is expected to reach USD 7.9 Bn by 2031, growing at a CAGR of 5.1% from 2024 to 2031.

The market growth is driven by the increasing prevalence of chronic diseases and rising geriatric population in the country.