South Korea Cardiovascular Drugs Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The South Korea Cardiovascular 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 Cardiovascular Drugs market. This report explores all the key factors affecting the growth of the global South Korea Cardiovascular Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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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.

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.


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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.

Highlighted Segments of South Korea Cardiovascular Drugs Market:

Industry Overview: The first section of the research study covers an overview of the global South Korea Cardiovascular Drugs Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global South Korea Cardiovascular Drugs Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global South Korea Cardiovascular Drugs Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global South Korea Cardiovascular Drugs Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global South Korea Cardiovascular Drugs Market.

Prudent Markets provides attractive discounts that fit your needs. Customization of the reports as per your requirement is also offered. Get in touch with our sales team, who will guarantee you a report that suits your needs.

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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 Cardiovascular 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 Cardiovascular Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the South Korea Cardiovascular Drugs market
Chapter 2: Exclusive Summary - the basic information of the South Korea Cardiovascular Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the South Korea Cardiovascular Drugs
Chapter 4: Presenting the South Korea Cardiovascular 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 Cardiovascular 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

Why should you purchase this report?

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-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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