South Korea Antiviral Drugs Market Size & Outlook
South Korea antiviral drugs market, 2018-2030 (US$M)
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South Korea antiviral drugs market highlights
- The South Korea antiviral drugs market generated a revenue of USD 1,162.0 million in 2022 and is expected to reach USD 1,069.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of -1% from 2023 to 2030.
- In terms of segment, hiv was the largest revenue generating application in 2022.
- Herpes is the most lucrative application segment registering the fastest growth during the forecast period.
Antiviral drugs market data book summary
| Market revenue in 2022 | USD 1,162.0 million |
| Market revenue in 2030 | USD 1,069.7 million |
| Growth rate | -1% (CAGR from 2022 to 2030) |
| Largest segment | Hiv |
| Fastest growing segment | Herpes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HIV, Hepatitis, Herpes, Influenza |
| Key market players worldwide | Roche Holding AG, GSK PLC ADR, AbbVie Inc, Merck & Co Inc, Johnson & Johnson, Bristol-Myers Squibb Co, Dr Reddy's Laboratories Ltd ADR, Aurobindo Pharma |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global antiviral drugs market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan antiviral drugs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,317.8 million by 2030.
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Antiviral Drugs Market Scope
Antiviral Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea antiviral drugs 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 antiviral drugs market will help companies and investors design strategic landscapes.
Hiv was the largest segment with a revenue share of 34.42% in 2022. Horizon Databook has segmented the South Korea antiviral drugs market based on hiv, hepatitis, herpes, influenza covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea antiviral drugs market is anticipated to grow owing to increasing healthcare expenditure, favorable government initiatives, and the high burden of viral infectious diseases. Moreover, the expansion of drug manufacturing by several market players fuels the growth of the country’s market.
For instance, in May 2022, Hyundai Bioscience announced the launch of CP-COV03 Phase 2 clinical trials, an oral antiviral drug developed for treating several viral diseases, including COVID-19. Moreover, a number of drug manufacturers are focusing on gaining approval to manufacture and sell their products in South Korea. For instance, in January 2023, Shionogi, a Japanese drug maker, applied for approval to manufacture and sell its COVID-19 pill for treatment overseas.
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Target buyers of South Korea antiviral drugs market databook
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Our clientele includes a mix of antiviral drugs 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea antiviral drugs market , including forecasts for subscribers. This country databook contains high-level insights into South Korea antiviral drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea antiviral drugs market size, by application, 2018-2030 (US$M)
South Korea Antiviral Drugs Market Outlook Share, 2022 & 2030 (US$M)
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