South Korea Influenza Vaccine Market Size & Outlook
South Korea influenza vaccine market, 2018-2030 (US$M)
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South Korea influenza vaccine market highlights
- The South Korea influenza vaccine market generated a revenue of USD 72.0 million in 2023 and is expected to reach USD 130.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, inactivated was the largest revenue generating vaccine type in 2023.
- Inactivated is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Influenza vaccine market data book summary
| Market revenue in 2023 | USD 72.0 million |
| Market revenue in 2030 | USD 130.7 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated |
| Fastest growing segment | Inactivated |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inactivated, Live Attenuated |
| Key market players worldwide | GSK PLC, Pfizer Inc, Merck & Co Inc, Viatris Inc, AstraZeneca PLC, Sinovac Biotech Ltd, CSL Ltd, Emergent BioSolutions Inc, Vaxess Technologies, Osivax, Emergex Vaccines |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global influenza vaccine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China influenza vaccine 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 477.8 million by 2030.
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Influenza Vaccine Market Scope
Influenza Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea influenza vaccine 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 influenza vaccine market will help companies and investors design strategic landscapes.
Inactivated was the largest segment with a revenue share of 91.25% in 2023. Horizon Databook has segmented the South Korea influenza vaccine market based on inactivated, live attenuated covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea Influenza vaccine market is anticipated to grow owing to increasing healthcare expenditure, favorable government initiatives, and high burden of flu & other infectious diseases. Moreover, several vaccine manufacturing expansions by market players are another factor fueling the country’s market.
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Target buyers of South Korea influenza vaccine market databook
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Our clientele includes a mix of influenza vaccine 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 influenza vaccine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea influenza vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea influenza vaccine market size, by vaccine type, 2018-2030 (US$M)
South Korea Influenza Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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