South Korea Heparin Market Size & Outlook, 2023-2030
South Korea heparin market, 2018-2030 (US$M)
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South Korea heparin market highlights
- The South Korea heparin market generated a revenue of USD 167.6 million in 2023 and is expected to reach USD 228.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, porcine was the largest revenue generating source in 2023.
- Bovine is the most lucrative source segment registering the fastest growth during the forecast period.
Heparin market data book summary
| Market revenue in 2023 | USD 167.6 million |
| Market revenue in 2030 | USD 228.8 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Porcine |
| Fastest growing segment | Bovine |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Porcine, Bovine |
| Key market players worldwide | Pfizer Inc, Sanofi SA, Aspen Pharmacare Holdings Ltd, Fresenius SE & Co KGaA, Novartis AG ADR, GSK PLC ADR, Dr. Reddy’s Laboratories, LEO Pharma, B. Braun Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global heparin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan heparin 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 357.3 million by 2030.
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Heparin Market Scope
Heparin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea heparin 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 heparin market will help companies and investors design strategic landscapes.
Porcine was the largest segment with a revenue share of 89.08% in 2023. Horizon Databook has segmented the South Korea heparin market based on porcine, bovine covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in South Korea is driven by increasing prevalence of chronic diseases, such as hypertension and hyperlipidemia. According to the NCBI, the prevalence of hypertension was approximately 30% from 2010 to 2015, which is a large number of patients prone to heart disease.
South Korea has the highest prevalence of 7.6% in Asia. According to the World Bank, in 2018, the geriatric population of South Korea was 7,445,058, a demographic that is at a high risk of stroke. It is also expected the prevalence and burden of chronic diseases will continue to increase due to the increase in elderly population.
Heparin is successfully being used during plasma exchange of anaphylaxis patients. Growing awareness about chronic diseases is expected to further boost market share. However, as per Journal of Stroke, in 2019, stroke has been the second-most prevalent cause of death in South Korea, but only 10.7% of ischemic stroke patients receive thrombolytic therapies such as heparin.
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Our clientele includes a mix of heparin market companies, investment firms, advisory firms & academic institutions.
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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 heparin market , including forecasts for subscribers. This country databook contains high-level insights into South Korea heparin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea heparin market size, by source, 2018-2030 (US$M)
South Korea Heparin Market Outlook Share, 2023 & 2030 (US$M)
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