South Korea Rheumatoid Arthritis Therapeutics Market Size & Outlook
South Korea rheumatoid arthritis therapeutics market, 2018-2030 (US$M)
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South Korea rheumatoid arthritis therapeutics market highlights
- The South Korea rheumatoid arthritis therapeutics market generated a revenue of USD 470.5 million in 2023 and is expected to reach USD 834.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, biopharmaceuticals was the largest revenue generating molecule in 2023.
- Biopharmaceuticals is the most lucrative molecule segment registering the fastest growth during the forecast period.
Rheumatoid arthritis therapeutics market data book summary
| Market revenue in 2023 | USD 470.5 million |
| Market revenue in 2030 | USD 834.4 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Biopharmaceuticals |
| Fastest growing segment | Biopharmaceuticals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceuticals, Biopharmaceuticals |
| Key market players worldwide | Boehringer Ingelheim, Novartis AG ADR, Regeneron Pharmaceuticals Inc, Pfizer Inc, Bristol-Myers Squibb Co, Roche Holding AG, UCB SA, Johnson & Johnson, Amgen Inc, AbbVie Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global rheumatoid arthritis therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China rheumatoid arthritis therapeutics 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 2,006.3 million by 2030.
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Rheumatoid Arthritis Therapeutics Market Scope
Rheumatoid Arthritis Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea rheumatoid arthritis therapeutics 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 rheumatoid arthritis therapeutics market will help companies and investors design strategic landscapes.
Biopharmaceuticals was the largest segment with a revenue share of 88.69% in 2023. Horizon Databook has segmented the South Korea rheumatoid arthritis therapeutics market based on pharmaceuticals, biopharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea rheumatoid arthritis therapeutics market is undergoing key changes with the introduction of new biosimilar treatments and growing competition among pharmaceutical companies. In July 2023, Celltrion Healthcare launched Yuflyma, a biosimilar of AbbVie's blockbuster drug Humira, in the United States.
This launch marked a significant development in the RA therapeutics market, as Yuflyma became available at a 5% discount compared to Humira's current list price. The biosimilar is priced at USD 6,576.50 per month and is available in two device types: autoinjector and prefilled syringes.
The introduction of Yuflyma by Celltrion Healthcare adds to the growing competition for Humira, a widely used treatment for rheumatoid arthritis. This competition is expected to drive down costs and increase accessibility to RA treatments, benefiting patients in South Korea and other markets where these biosimilars are made available.
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Our clientele includes a mix of rheumatoid arthritis therapeutics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea rheumatoid arthritis therapeutics market, including forecasts for subscribers. This country databook contains high-level insights into South Korea rheumatoid arthritis therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea rheumatoid arthritis therapeutics market size, by molecule, 2018-2030 (US$M)
South Korea Rheumatoid Arthritis Therapeutics Market Share, 2023 & 2030 (US$M)
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