South Korea Cardiovascular Drugs Market Analysis

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  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4855

  • Format: PPT, PDF

South Korea Cardiovascular Drugs Market: Segmented By Drug Type (Antihypertensive, Antihyperlipidemic, Anticoagulants, Antiarrhythmic, Others), By Disease Indicators (Hypertension, Hyperlipidaemia, Coronary Artery Disease, Arrhythmia, Others), and  By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online, Others) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The South Korean cardiovascular drugs market size stood at around USD 3 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

In the past decade cardiovascular diseases have shown a continuous increase in Korea and has become the second most common cause of mortality. This increase in the number of cases is the primary source of contribution to market growth. The prevalence of detrimental lifestyles among people like change in food habits, sedentary lifestyle, drinking and smoking has upsurge the risk of cardiovascular diseases. Heavy consumption of alcohol is linked to increased cardiovascular mortality. Sedentary lifestyles are associated with metabolic dysfunctions, such as elevated plasma triglycerides and high-density lipoprotein (HDL) cholesterol and reduced insulin sensitivity.

south Korea Cardiology

Market Drivers

Korea which is currently an aged society is on the verge of becoming a superaged society in a few years. With increasing age, the burden of cardiovascular diseases increases.

Also, the increasing prevalence of cardiovascular risk factors, such as obesity, hypertension, diabetes mellitus, and dyslipidaemia, may be linked to increased population-level cardiovascular risk. In 2018, the prevalence of obesity in Korea was 35.7% according to the Obesity Fact Sheet 2019, based on National Health Insurance Corporation medical check-up data. According to the Korean Hypertension Fact Sheet produced by the Korean Society of Hypertension the prevalence of hypertension in the total population of Korea in 2018 was 28.3%. While the prevalence of dyslipidaemia in 2018 was 40.5% according to the Dyslipidaemia Fact Sheet published by the Korean Society of Lipid and Atherosclerosis.

Deskbound lifestyle, surplus consumption of alcohol, stress, harmful eating habits, smoking are all factors liable for the rise within the number of cardiovascular disorders among young people.

 

 

TABLE OF CONTENTS
1. South Korea Cardiovascular Drugs Market Overview…………
A. Market Size
2. Market Growth Drivers…………………………………………………
A. Increase in the Elderly Population
B. Associated Risk Factors- Diabetes, Obesity, Hypertension, Dyslipidaemia
C. Modern Lifestyle Changes
3. Major Types of Therapies
A. Monotherapies
B. Combination Drug Classes
4. Cardiovascular Drugs Market Segmentation……………
A. Drug Class
I. Antihypertensive
II. Antihyperlipidemic
III. Anticoagulants
IV. Antiarrhythmic
V. Others
B. Disease Indicators
I. Hypertension
II. Hyperlipidaemia
III. Coronary Artery Disease
IV. Arrhythmia
V. Others
C. Distribution Channels
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online
IV. Others

5. Cardiovascular Drugs Major Products Market Share………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Chong Kun Dang Pharmaceuticals Company overview, Product & Services, Strategies & Financials
B. Hanmi Pharm company overview, Product & Services, Strategies & Financials
C. Boryung Pharmaceutical Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………
A. New Trends and Development of Cardiovascular Drugs Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug class:

On the basis of drug class, the cardiovascular drugs market can be segmented into Anti-hypertensive, Antihyperlipidemic.  Anti-coagulants, Anti-arrhythmic and others.

Anticoagulant drugs are expected to witness the largest market share in the forecast period. This dominance is due to the increased use of these drugs in various cardiac indications because of their ability to reduce the high risk of stroke and blood clots in people with DVT and pulmonary embolism.

By Disease Indicator:

Cardiovascular drugs refer to agents used for the treatment of diseases related to the cardiovascular system, which include hypertension, hyperlipidaemia, coronary artery disease, arrhythmia and others.

By Channel of Distribution:

Major channels of distribution for this market are Hospital, Retail Pharmacies and Emerging Online Platforms.

 

Top Players

Many players in the market are focusing on research and development of cardiovascular drugs exclusively as a result of increased growth opportunities. The overall cardiovascular diagnostics and therapeutics industry is expected to witness tremendous growth. Some of the companies which are currently dominating the market are Chong Kun Dang Pharmaceuticals, Hanmi Pharm company, Boryung Pharmaceutical, Astellas Pharma, Daewon Pharma, Daiichi Sankyo Korea.

 

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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