South Korea Branded Generics Market Size & Outlook
South Korea branded generics market, 2018-2030 (US$M)
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South Korea branded generics market highlights
- The South Korea branded generics market generated a revenue of USD 6.0 billion in 2021 and is expected to reach USD 10.7 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 6.7% from 2022 to 2030.
- In terms of segment, anti-hypertensive was the largest revenue generating drug class in 2021.
- Anti-hypertensive is the most lucrative drug class segment registering the fastest growth during the forecast period.
Branded generics market data book summary
| Market revenue in 2021 | USD 6.0 billion |
| Market revenue in 2030 | USD 10.7 billion |
| Growth rate | 6.7% (CAGR from 2021 to 2030) |
| Largest segment | Anti-hypertensive |
| Fastest growing segment | Anti-hypertensive |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering drugs, Anti-depressants, Anti-psychotics, Anti-epileptics |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, Lupin, Sanofi SA, Sun Pharmaceutical Industries, Dr. Reddy’s Laboratories, GlaxoSmithKline, Pfizer Inc, Apotex Inc., Viatris Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.6% of the global branded generics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China branded generics 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 41.9 billion by 2030.
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Branded Generics Market Scope
Branded Generics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea branded generics 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 branded generics market will help companies and investors design strategic landscapes.
Anti-hypertensive was the largest segment with a revenue share of 15% in 2021. Horizon Databook has segmented the South Korea branded generics market based on alkylating agents, antimetabolites, hormones, anti-hypertensive, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics covering the revenue growth of each sub-segment from 2018 to 2030.
The market is expected to grow with a lucrative growth rate over the forecast period due to opportunities for generic manufacturers and attractive drug pricing policies for the products. An article published in June 2020 suggested that OECD countries use 70% of generics from the total medicines used.
The government of South Korea is focusing on reduction of the prices of generic products and expand their usage to reduce the total healthcare expenditure on pharmaceuticals.
Currently, the prices of generics are found to be around 53.5% lower than the originator drug. However, the price capping on the products could negatively impact the market and opportunities for branded generic players, impeding market growth.
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Our clientele includes a mix of branded generics 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 branded generics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea branded generics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea branded generics market size, by drug class, 2018-2030 (US$M)
South Korea Branded Generics Market Outlook Share, 2021 & 2030 (US$M)
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