South Korea Medical Foods For Orphan Diseases Market Size & Outlook
The medical foods for orphan diseases market in South Korea is expected to reach a projected revenue of US$ 10.1 million by 2030. A compound annual growth rate of 7.3% is expected of South Korea medical foods for orphan diseases market from 2024 to 2030.
Revenue, 2023 (US$M)
$6.2
Forecast, 2030 (US$M)
$10.1
CAGR, 2024 - 2030
7.2%
Report Coverage
South Korea
South Korea medical foods for orphan diseases market, 2016-2030 (US$M)
Related Markets
South Korea medical foods for orphan diseases market highlights
- The South Korea medical foods for orphan diseases market generated a revenue of USD 6.2 million in 2023 and is expected to reach USD 10.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating route of administration in 2023.
- Enteral is the most lucrative route of administration segment registering the fastest growth during the forecast period.
Medical foods for orphan diseases market data book summary
| Market revenue in 2023 | USD 6.2 million |
| Market revenue in 2030 | USD 10.1 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Nestle SA, Danone SA, Abbott Laboratories, Reckitt Benckiser Group PLC, Relief Therapeutics Holding SA, Ajinomoto Co Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.5% of the global medical foods for orphan diseases market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India medical foods for orphan diseases 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 130.4 million by 2030.
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Medical Foods For Orphan Diseases Market Scope
Medical foods for orphan diseases market segmentation & scope
Medical Foods For Orphan Diseases Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea medical foods for orphan diseases market report size, by route of administration, 2016-2030 (US$M)
South Korea Medical Foods For Orphan Diseases Market Share, 2023 & 2030 (US$M)
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