South Korea Inhalation & Nasal Spray Generic Drugs Market Size & Outlook
The inhalation & nasal spray generic drugs market in South Korea is expected to reach a projected revenue of US$ 769.2 million by 2030. A compound annual growth rate of 9.1% is expected of South Korea inhalation & nasal spray generic drugs market from 2025 to 2030.
Revenue, 2024 (US$M)
$456.5
Forecast, 2030 (US$M)
$769.2
CAGR, 2025 - 2030
9.1%
Report Coverage
South Korea
South Korea inhalation & nasal spray generic drugs market, 2018-2030 (US$M)
Related Markets
South Korea inhalation & nasal spray generic drugs market highlights
- The South Korea inhalation & nasal spray generic drugs market generated a revenue of USD 456.5 million in 2024 and is expected to reach USD 769.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.1% from 2025 to 2030.
- In terms of segment, bronchodilators was the largest revenue generating drug class in 2024.
- Combination Drugs is the most lucrative drug class segment registering the fastest growth during the forecast period.
Inhalation & nasal spray generic drugs market data book summary
| Market revenue in 2024 | USD 456.5 million |
| Market revenue in 2030 | USD 769.2 million |
| Growth rate | 9.1% (CAGR from 2024 to 2030) |
| Largest segment | Bronchodilators |
| Fastest growing segment | Combination Drugs |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bronchodilators, Combination Drugs, Corticosteroids, Decongestant Sprays, Antihistamines, Other Drug Classes |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, Novartis AG ADR, Hikma Pharmaceuticals PLC, Sun Pharmaceutical Industries, Beximco Pharmaceuticals Ltd DR, Mylan, Akorn, Apotex Inc., Nephron Pharmaceuticals |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global inhalation & nasal spray generic drugs market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China inhalation & nasal spray generic drugs market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,767.7 million by 2030.
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Inhalation & Nasal Spray Generic Drugs Market Scope
Inhalation & nasal spray generic drugs market segmentation & scope
Inhalation & Nasal Spray Generic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea inhalation & nasal spray generic drugs market size, by drug class, 2018-2030 (US$M)
South Korea Inhalation & Nasal Spray Generic Drugs Market Outlook Share, 2024 & 2030 (US$M)
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