South Korea Intravenous Iron Drugs Market Size & Outlook
South Korea intravenous iron drugs market, 2018-2030 (US$M)
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South Korea intravenous iron drugs market highlights
- The South Korea intravenous iron drugs market generated a revenue of USD 29.9 million in 2022 and is expected to reach USD 65.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.3% from 2023 to 2030.
- In terms of segment, ferric carboxymaltose was the largest revenue generating product in 2022.
- Iron Sucrose is the most lucrative product segment registering the fastest growth during the forecast period.
Intravenous iron drugs market data book summary
| Market revenue in 2022 | USD 29.9 million |
| Market revenue in 2030 | USD 65.4 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Ferric carboxymaltose |
| Fastest growing segment | Iron Sucrose |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Iron Dextran, Iron Sucrose, Ferric Carboxymaltose, Other Product |
| Key market players worldwide | AbbVie Inc, Civitas Resources Inc Ordinary Shares, Daiichi Sankyo Co Ltd, Sanofi SA, CSL Ltd, COSMOS Pharmaceutical Corp, Zydus Lifesciences, Rockwell Medical Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global intravenous iron drugs market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan intravenous iron 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 151.4 million by 2030.
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Intravenous Iron Drugs Market Scope
Intravenous Iron Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea intravenous iron drugs 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 intravenous iron drugs market will help companies and investors design strategic landscapes.
Ferric carboxymaltose was the largest segment with a revenue share of 42.14% in 2022. Horizon Databook has segmented the South Korea intravenous iron drugs market based on iron dextran, iron sucrose, ferric carboxymaltose, other product covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in prevalence of cancer in the country is one of the major factors anticipated to boost the market in the near future. According to WHO, approximately 230,317 individuals were diagnosed with cancer. This included 25,814 breast cancer cases, 28,941 color ectum cancer cases, 28,651 lung cancer cases, 17,788 thyroid cancer cases, and 100,410 other cancer cases.
The same source mentioned that by 2025, the prevalence of cancer is expected to increase to 630,991 cases in the country. In addition, 88,597 deaths were recorded due to cancer in South Korea. Anemia in cancer patients is common and can have a negative impact on the quality of life & overall prognosis.
The pathogenesis is usually complex & multifactorial, with iron deficiency often being a major & potentially treatable contributor. Thus, growth in incidence of cancer is expected to enhance the adoption of IV iron drugs during the forecast period.
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Our clientele includes a mix of intravenous iron drugs 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 intravenous iron drugs market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intravenous iron drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intravenous iron drugs market size, by product, 2018-2030 (US$M)
South Korea Intravenous Iron Drugs Market Outlook Share, 2022 & 2030 (US$M)
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