In South Korea, the usage of hypnotic and sedative medicines, measured in Defined Daily Dosage per Thousand Persons per Day, has shown a notable upward trend since 2013, with actual data up to 2023, and forecasted figures through 2028. In 2023, the usage stood at 16.0 units, reflecting a continuous increase in demand. The year-on-year variations reveal substantial fluctuations, notably a significant 14.66% increase in 2020, likely influenced by global events. The annual compounded growth rate (CAGR) over the last five years leading to 2023 stands at 7.78%, indicating a steady growth trajectory.
As projections extend to 2028, the forecast CAGR slightly moderates to 3.06%, with an expected total growth of 16.27% over the next five years. This suggests a decelerating yet consistent increase in medicine usage.
Future trends to watch for:
- Impact of regulatory changes on prescription practices.
- Influence of increased mental health awareness and treatment-seeking behavior.
- Potential introduction of newer, more effective sedative medications.
- Societal shifts in lifestyle that may drive demand.
