South Korea Meningococcal Vaccines Market Size & Outlook
South Korea meningococcal vaccines market, 2018-2030 (US$M)
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South Korea meningococcal vaccines market highlights
- The South Korea meningococcal vaccines market generated a revenue of USD 14.2 million in 2021 and is expected to reach USD 32.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, quadrivalent was the largest revenue generating type in 2021.
- Quadrivalent is the most lucrative type segment registering the fastest growth during the forecast period.
Meningococcal vaccines market data book summary
| Market revenue in 2021 | USD 14.2 million |
| Market revenue in 2030 | USD 32.2 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Quadrivalent |
| Fastest growing segment | Quadrivalent |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bivalent, Quadrivalent |
| Key market players worldwide | Pfizer Inc, Sanofi SA, GSK PLC, Merck & Co Inc, Serum Institute of India Pvt. Ltd., Walvax Biotechnology |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.5% of the global meningococcal vaccines market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China meningococcal vaccines 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 101.6 million by 2030.
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Meningococcal Vaccines Market Scope
Meningococcal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea meningococcal vaccines 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 meningococcal vaccines market will help companies and investors design strategic landscapes.
Quadrivalent was the largest segment with a revenue share of 72.54% in 2021. Horizon Databook has segmented the South Korea meningococcal vaccines market based on bivalent, quadrivalent covering the revenue growth of each sub-segment from 2018 to 2030.
In Korea, the market is expected to witness lucrative growth over the forecast period owing to factors such as increasing healthcare expenditure, favorable government initiatives, and prevalence of drug-resistant infections. In 2020, the healthcare expenditure of the country was 8.41% of its total GDP.
Incidence of IMD in South Korea is low compared to other countries in the region. The incidence rate of IMD is 0.05 new cases per 100,000 population and serogroup B & C are most common variants in the country. Due to low disease incidence, it is not considered a high healthcare priority, which may negatively impact market growth.
The conjugate vaccines, such as Menactra and Menveo, have been approved by the Korean Drug Ministry. Meningococcal vaccine is available for everyone in the country but is not included in National Immunization Program.
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Target buyers of South Korea meningococcal vaccines market databook
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Our clientele includes a mix of meningococcal vaccines 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 meningococcal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into South Korea meningococcal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea meningococcal vaccines market size, by type, 2018-2030 (US$M)
South Korea Meningococcal Vaccines Market Outlook Share, 2021 & 2030 (US$M)
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