From 2013 to 2023, antiinfective medicine sales in South Korea declined steadily from 12.4 units to 6.8 units. The year-on-year variation saw reductions, showing a significant fall, especially from 2017 onwards. The compound annual growth rate (CAGR) over the last 5 years reached -8.32%, indicating an average annual decrease in the market size of 8.32%. Forecasts predict that sales will further decline, reaching 3 units by 2028, with a forecasted 5-year CAGR of -12.94% and a forecasted 5-year growth rate of -50%.
Future trends to watch for:
- Continued reduction in antiinfective medicine usage due to improved healthcare practices and preventive measures.
- Potential shifts in market dynamics as new healthcare policies are implemented.
- Evolving landscape with technological advancements in the pharmaceutical industry impacting traditional antiinfective treatments.