South Korea Alzheimers Therapeutics Market Size & Outlook
South Korea alzheimers therapeutics market, 2018-2030 (US$M)
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South Korea alzheimers therapeutics market highlights
- The South Korea alzheimers therapeutics market generated a revenue of USD 45.7 million in 2022 and is expected to reach USD 335.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 28.3% from 2023 to 2030.
- In terms of segment, cholinesterase inhibitors was the largest revenue generating drug class in 2022.
- Combination Drugs is the most lucrative drug class segment registering the fastest growth during the forecast period.
Alzheimers therapeutics market data book summary
| Market revenue in 2022 | USD 45.7 million |
| Market revenue in 2030 | USD 335.6 million |
| Growth rate | 28.3% (CAGR from 2022 to 2030) |
| Largest segment | Cholinesterase inhibitors |
| Fastest growing segment | Combination Drugs |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cholinesterase inhibitors, NMDA Receptor Antagonist, Combination Drugs |
| Key market players worldwide | Eisai Co Ltd, Novartis AG ADR, AbbVie Inc, H. Lundbeck AS Class A, Biogen Inc, Roche Holding AG ADR, Daiichi Sankyo Co Ltd, Johnson & Johnson, AC Immune SA |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global alzheimers therapeutics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan alzheimers therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 335.6 million by 2030.
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Alzheimers Therapeutics Market Scope
Alzheimers Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea alzheimers therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alzheimers therapeutics market will help companies and investors design strategic landscapes.
Cholinesterase inhibitors was the largest segment with a revenue share of 52.3% in 2022. Horizon Databook has segmented the South Korea alzheimers therapeutics market based on cholinesterase inhibitors, nmda receptor antagonist, combination drugs covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea Alzheimer’s therapeutic market is mainly driven by the high prevalence of dementia among the geriatric population and wider coverage of expensive medicine by the National Health Insurance (NHI) Service.
In South Korea, the reimbursement of drugs is governed by the NHI scheme, a single-payer system. The NHI provides health insurance for 96% of the population, while the remaining 4%, primarily senior citizens, are covered under the Medical Aid program.
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Target buyers of South Korea alzheimers therapeutics market databook
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Our clientele includes a mix of alzheimers therapeutics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea alzheimers therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea alzheimers therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea alzheimers therapeutics market size, by drug class, 2018-2030 (US$M)
South Korea Alzheimers Therapeutics Market Outlook Share, 2022 & 2030 (US$M)
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