Business Monitor International’s forecasts Korea's pharma market to reach almost $19.3 billion at in 2014, with a compound annual growth rate (CAGR) of 7.1%
South Korean pharmaceuticals market set to expand at 7.1% CAGR - Pharma Letter.
The demand is predicated on an aging population with a rising demand for drugs as well as the planned liberalization of the health insurance sector. By 2019, the pharmaceutical expenditure is expected to reach $26.5 billion.
Posted by Bruce Lehr Jan 14th 2011.
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