South Korea Oncology Therapeutics Market Analysis


  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4857

  • Format: PPT, PDF

South Korea Oncology Therapeutics Market: Segmented By Type of Therapy (Chemotherapy, Immunotherapy, Hormonal Therapy, Targeted therapy) and By Disease Indicator (Stomach Cancer, Lung Cancer, Breast Cancer, Thyroid Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer)- Growth, Trends, and Forecasts (2019 – 2028)

SKU: 4857 Categories: ,

Report Overview

The South Korea oncology therapeutics market size stood at USD xx billion in 2019 and is estimated to be around USD 8.5 billion in 2019. It is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Since 1983, Cancer has been the leading cause of death in South Korea. The incidence of cancer is on a constant rise. Compared with other OECD countries, South Korea remains slightly above average in cancer incidence rates for both males and females. For males, the three leading types of cancer are stomach cancer, lung cancer, and colon and rectum cancer; for females, they are breast cancer, thyroid cancer, and colon and rectum cancer. While the incidence of cancer in Korea is on the rise, the survival rate has also increased because of developments made in medical technologies over the past few decades. According to a report published by IMS Health, anticancer drugs and immunotherapies will record the highest growth rate of 8.5% a year.

Market Drivers

Increase in incidence rate of various types of cancers is the major driving factor for this market. Two major reasons for increase in incidence are the aging population and changes in lifestyle. Increased research and development, also advances in technology are the other major drivers for this market. There have been a lot of advances in the treatment of cancer not only in Korea but around the globe over these years. Companies involved are increasing their product innovation. To sustain in the increasingly competitive immuno-oncology drugs market, companies are developing innovative products as well as sharing skills and expertise with other companies. Increasing healthcare expenditure is another factor contributing to the market growth.

The adverse effects caused by several oncology therapeutics and unawareness of people, socioeconomic background and high cost of these therapies might restraining market growth.

1. South Korea Oncology Therapeutics Market Overview…………
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Increase in Incidence Rate
B. Technological Advances in Therapies
C. Increased Research and Development
3. Epidemiology of Cancer……………………………………………………
A. Prevalence
B. Incidence
4. Oncology Therapeutics Market Segmentation……………
A. Type of Therapy
I. Chemotherapy
II. Immunotherapy
III. Hormonal Therapy
IV. Targeted Therapy
B. Disease Indicators
I. Stomach Cancer
II. Lung Cancer
III. Breast Cancer
IV. Thyroid Cancer
V. Colorectal Cancer
VI. Prostate Cancer
VII. Liver Cancer
5. Oncology 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. Eiken Chemicals Co Ltd. Company overview, Product & Services, Strategies & Financials
B. Alfresa Pharma Corp company overview, Product & Services, Strategies & Financials
C. Danaher Corp Pharmaceutical Company overview, 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 Oncology Therapeutics Market
B. Future Opportunities
10. Conclusion


Market Segmentation

By Type of Therapy:

On the basis of type of therapy oncology therapeutics market is segmented into – chemotherapy, immunotherapy, hormonal therapy, and targeted therapy.

Oncology immunotherapy market is growing fastest. Korean pharmaceutical companies have begun to see significant progress in the field led by foreign multinationals. Among Korean companies Green Cross Cell, ViroMed, SillaJen, and Genexine have gained global recognition in developing chimeric antigen receptor-T (CAR-T) and natural-killer (NK) cell therapies either independently or with multinational pharmaceutical companies

By Disease Indicator:

According to disease indicators oncology market is segmented as – Stomach Cancer, Lung Cancer, Breast Cancer, Thyroid Cancer, Colorectal Cancer, Prostate Cancer and Liver Cancer.

According to reports of UICC- Global cancer control and WHO stomach cancer is the most prevalent neoplasm in South Korea followed by colorectal, lung, liver, and breast cancer.


Top Players

Increase in growth opportunities have compelled the manufacturers to get involved in research and development and bring in new treatment modalities. The overall oncology diagnostics and therapeutics industry is expected to witness tremendous growth. Some of the companies which are currently dominating the market in various therapies are Eiken Chemicals Co Ltd, Alfresa Pharma Corp, Danaher Corp Pharmaceutical, Green Cross Cell, ViroMed, SillaJen, Genexine and others.


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

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.

    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements