South Korea Oncology Drugs Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

The South Korea Oncology Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global South Korea Oncology Drugs market. This report explores all the key factors affecting the growth of the global South Korea Oncology Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the South Korea Oncology Drugs Market

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

Research Objective:

To analyze and forecast the market size of South Korea Oncology Drugs Drugs market
To classify and forecast South Korea Oncology Drugs Market market based on application, drugs, project type, and application.
To identify drivers and challenges for South Korea Oncology Drugs market
To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in South Korea Oncology Drugs market
To conduct pricing analysis for South Korea Oncology Drugs Drugs market
To identify and analyze the profile of leading players operating in South Korea Oncology Drugs market

Reason to buy the report:

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Develop strategies based on the latest regulatory framework
Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

South Korea Oncology Drugs Market Executive Summary

There is massive scope for interventional oncology drug in developing countries such as South Korea possess populations with high prevalence and incidence rates of cancer, which drives the adoption of interventional oncology devices for the treatment of cancer, which would surge the overall interventional oncology devices market in the country.

Market Size and Key Findings

The South Korea Oncology Drugs market size is at around USD xx billion in 2021 and is projected to reach USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.

In Korea, cancer accounts for one in four deaths and more than 200,000 new cancer cases were diagnosed in 2015. The number of cancer incidences and deaths are expected to increase with an aging population and westernized lifestyles. The Oncology Market is expected to grow during the forecasting period.

Market Dynamics

Market Growth Drivers Analysis

The growth factors for the South Korea Oncology drug market is the increasing number of cancer cases along its rising mortality rate. Furthermore, technological advancements in pharmaceuticals & biotechnology are expected to fuel growth over the forecast period. Other factors include the rise in the geriatric population, increasing cancer prevalence worldwide, and a growing focus on research & development.

Market Restraints

Financial Burden of Product Recalls, Lack of Clinical Evidence for Locoregional Treatments and Dearth of Trained Interventional Oncologists have detrimental impact on the home healthcare market growth rate.

COVID-19 impact on "South Korea Oncology Drugs Market

During COVID-19, the growth of the interventional oncology drug market was negatively impacted, especially in 2020. Although the interventional oncology facilities continued to operate, the sales of the companies were negatively impacted.

Competitive Landscape

Key Players

Key market players include Abbott Laboratories, Takara Bio Inc., Hemosure Inc., Sentinel CH. SpA, and Others

Products in Pipeline

Takara Bio Inc. currently has clinical development projects in therapeutic approaches such as Engineered T cell therapy for Acute lymphocytic leukemia and Oncolytic viral therapy for Malignant melanoma and Pancreatic cancer

Notable Recent Deals

Sentinel Oncology announced today that it has entered an agreement with the McQuade Center for Strategic Research and Development, LLC (MSRD), a member of the global Otsuka family of pharmaceutical companies to support the clinical development of a first-in-class therapeutic with the potential to treat Fragile X syndrome (FXS), a rare, genetic condition that causes intellectual disability, behavioral and learning challenges, and various physical characteristics

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of South Korea Oncology Drugs Services

The Korean Society of Hospice & Palliative Care (KSHPC) updated that the Ministry of Health & Welfare Department of Korea has announced public health medical coverage for terminal cancer patients. This includes Hospice & Palliative Care service cost which will come into effect around July 2015. The coverage will include nursing aid fee and is expected to gradually expand to cover hospice home care service. This is a huge step forward as public health medical coverage designed for cancer patients were mainly focused on "Cure" rather than "Care" since 2005.

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Oncology Drugs Market Segmentation

By Test:

Based on the Test the market is segmented into ALK Test, BRCA Tests, Colorectal Cancer Screening Tests, EGFR Tests, HER2 Amplification Tests, and KRAS Tests

ALK Tests
BRCA Tests
Colorectal Cancer Screening Tests
EGFR Tests
HER2 Amplification Tests
KRAS Tests.

By Type:

Avastin is a drug that targets angiogenesis (blood vessel growth), which means it stops cancer from growing blood vessels, thus starving itself of nutrients. Rituxin uses monoclonal antibodies, which are designed to attack certain types of cells in the body that cause disease or illness. Herceptin targets the HER-family of receptors (human epidermal growth factor receptor). These are proteins that help cancer cells grow, divide, and spread throughout the body - which means stopping this from happening is a key step in stopping cancer from developing. Alimta is a drug that has been approved by FDA to treat lung cancer and malignant pleural mesothelioma.

Avastin
Rituxan
Herceptin
Alimta

By Application Type:

In hospitals, the use of Oncology Drug Market is used to treat cancer. It reduces the size of a tumor or destroys it by destroying harmful cells to slow down or stop its growth, spread, and improve symptoms related to treatment.In-Clinic, the Oncology drug market will help to reduce or stop cancer cells from growing by blocking specific proteins that cause them to grow quickly. At Homecare, Oncology drugs are used to shrink or stop tumor growth by interfering with cell division (which prevents cancer cells from growing and dividing) or by killing cells that divide rapidly.

Hospital
Clinic
Home Care

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global South Korea Oncology Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global South Korea Oncology Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the South Korea Oncology Drugs market
Chapter 2: Exclusive Summary - the basic information of the South Korea Oncology Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the South Korea Oncology Drugs
Chapter 4: Presenting the South Korea Oncology Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the South Korea Oncology Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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Free Customization on the basis of client requirements on Immediate purchase:
1- Free country-level breakdown of any 5 countries of your interest.
2- Competitive breakdown of segment revenue by market players.

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In conclusion, the South Korea Oncology Drugs Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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