South Korea Intranasal Drug And Vaccine Delivery Market Size & Outlook
South Korea intranasal drug and vaccine delivery market, 2018-2030 (US$M)
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South Korea intranasal drug and vaccine delivery market highlights
- The South Korea intranasal drug and vaccine delivery market generated a revenue of USD 1,558.9 million in 2023 and is expected to reach USD 2,453.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, liquid delivery device was the largest revenue generating product in 2023.
- Liquid Delivery Device is the most lucrative product segment registering the fastest growth during the forecast period.
Intranasal drug and vaccine delivery market data book summary
| Market revenue in 2023 | USD 1,558.9 million |
| Market revenue in 2030 | USD 2,453.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Liquid delivery device |
| Fastest growing segment | Liquid Delivery Device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder delivery device, Liquid Delivery Device, Pressurized Metered Dose Inhaler |
| Key market players worldwide | GSK PLC ADR, Teva Pharmaceutical Industries Ltd, AptarGroup Inc, UCB SA, Teleflex Inc, 3M Co, OptiNose Inc, Bespak, Intersect ENT |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global intranasal drug and vaccine delivery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China intranasal drug and vaccine delivery 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 5,992.1 million by 2030.
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Intranasal Drug And Vaccine Delivery Market Scope
Intranasal Drug And Vaccine Delivery Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea intranasal drug and vaccine delivery 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 intranasal drug and vaccine delivery market will help companies and investors design strategic landscapes.
Liquid delivery device was the largest segment with a revenue share of 43.49% in 2023. Horizon Databook has segmented the South Korea intranasal drug and vaccine delivery market based on powder delivery device, liquid delivery device, pressurized metered dose inhaler covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing geriatric population and growing incidence of chronic diseases in South Korea are major drivers of the market. For instance, as per World Bank, the geriatric population in South Korea accounted for 13.91% in 2017 compared to 13.43% in 2016.
Furthermore, increasing healthcare expenditure and favorable government policies for approval of products are encouraging several major players to enter this market. Therefore, the intranasal drug and vaccine delivery market in South Korea is expected to witness considerable growth over the forecast period.
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Target buyers of South Korea intranasal drug and vaccine delivery market databook
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Our clientele includes a mix of intranasal drug and vaccine delivery 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea intranasal drug and vaccine delivery market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intranasal drug and vaccine delivery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intranasal drug and vaccine delivery market size, by product, 2018-2030 (US$M)
South Korea Intranasal Drug And Vaccine Delivery Market Outlook Share, 2023 & 2030 (US$M)
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