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CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - South Korea

CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - South Korea

  • July 2018
  • 144 pages
  • ID: 2070138
  • Format: PDF
  • By GlobalData

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CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - South Korea

Summary
GlobalData, the industry analysis specialist, has released its latest report, "CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - South Korea".The report is an essential source of information and analysis on the healthcare, regulatory and reimbursement landscape in South Korea.

It identifies the key trends in the healthcare market and provides insights into the demographic, regulatory, reimbursement landscape and healthcare infrastructure of South Korea.Most importantly, the report provides valuable insights into the trends and segmentation of the pharmaceutical and medical device markets.

It is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts.

South Korea is a growing pharmaceutical market with a strong focus on biosimilars and domestic pharmaceutical manufacturing. The value of the pharmaceutical market increased from $16.7bn in 2010 to $18.7bn in 2016, at a Compound Annual Growth Rate (CAGR) of 2%. It is forecast to reach $23.2bn by 2022. The medical device market was valued at $4.4bn in 2010, which increased to $7bn in 2017. It is expected to grow at a CAGR of 8.8% from $7.5bn in 2018 to $10.5bn in 2022. South Korea has free trade agreements with the US, EU and India. These agreements help in eliminating trade barriers and attracting foreign investment. In 2017, foreign companies invested $352m in pharmaceutical manufacturing in South Korea.

Scope
The report provides information on the healthcare, regulatory, and reimbursement landscape in South Korea, and includes -
- An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers
- Profiles and SWOT analyses of the major players in the pharmaceutical market (Pfizer, Merck, Novartis, AstraZeneca, Daewoong Pharmaceutical and Celltrion) and profiles and SWOT analyses of the major players in the medical device market (GE Healthcare, Stryker, Boston Scientific, Alcon and i-Sens)
- Detailed analysis about recent completed deals in the pharmaceutical and medical device market of South Korea
- Porter’s five forces analysis for pharmaceutical and medical devices market of South Korea
- An insightful review of the reimbursement and regulatory landscape, of which analysis includes details of the healthcare reimbursement process, the regulatory agencies and the approval processes for new drugs and medical devices
- Information regarding recent healthcare policies along with healthcare infrastructure and healthcare expenditure
- An overview of the opportunities for and challenges to growth in the South Korean healthcare market.

Reasons to buy
This report will enhance your decision-making capability by allowing you to -
- Develop business strategies by understanding the trends shaping and driving the South Korean healthcare market
- Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to impact the healthcare market in the future
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors
- Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment, and strategic partnership
- Identify, understand, and capitalize on the opportunities and challenges in the South Korean healthcare market.

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