South Korea Ibuprofen for External Use Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.08 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The South Korea Ibuprofen for External Use market is experiencing significant growth, driven by an increasing demand for topical pain relief products. Ibuprofen, a nonsteroidal anti-inflammatory drug (NSAID), is widely used for external applications in the form of gels, creams, and patches. These products are highly favored due to their effectiveness in providing localized relief from pain, inflammation, and swelling without the need for oral consumption. This growing market is seeing a diverse range of applications, particularly in the fields of healthcare and sports medicine.
In recent years, industries across South Korea have been increasingly adopting Ibuprofen for External Use products to meet the needs of their customers. One of the key industries driving this demand is the pharmaceutical sector, which has a strong focus on developing over-the-counter and prescription-based topical solutions for pain management. With the rise in the number of individuals seeking pain relief solutions for conditions such as arthritis, muscle strains, and minor injuries, the demand for Ibuprofen for External Use products continues to rise.
Another driving force in the South Korean Ibuprofen for External Use market is the growing awareness about the safety and efficacy of topical treatments as compared to oral painkillers. These topical formulations are often preferred due to their targeted action, reduced risk of systemic side effects, and convenience. Industries, particularly in sports, are also adopting Ibuprofen-based topical solutions to treat injuries sustained during physical activity, further boosting market growth.
Consumers are increasingly seeking products that offer both high efficacy and convenience. The demand for convenient, easy-to-apply formulations like gels and creams is a significant trend within the Ibuprofen for External Use market in South Korea. Manufacturers are responding to this by innovating with new delivery methods, such as transdermal patches, that provide longer-lasting relief while minimizing potential side effects.
As the market for Ibuprofen for External Use in South Korea continues to evolve, companies in the pharmaceutical and healthcare sectors must stay ahead of the curve by innovating their product offerings. With a strong focus on efficacy, safety, and consumer convenience, the market is well-positioned for continued growth and expansion in the coming years.
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Medico Remedies Ltd.
Dermal
Eipico
Mentholatum SA
Nurofen
GSK
Kangzheng Pharmaceutical Co.
Ltd.
Youcare
HAPHARM GROUP CO.
LTD.
Zhuhai Aofute Medtech Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Ibuprofen for External Use Market
Gels
Creams
Ointments
Sprays
Muscle Pain Relief
Joint Pain Relief
Back Pain Relief
Arthritis Pain Relief
Sport Injuries
Pharmacies
Supermarkets/Hypermarkets
Online Retailers
Convenience Stores
Individual Consumers
Healthcare Institutions
Tubes
Jar Containers
Roll-on Bottles
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Ibuprofen for External Use Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Ibuprofen for External Use Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Ibuprofen for External Use Market, By Type
6. South Korea Ibuprofen for External Use Market, By Application
7. South Korea Ibuprofen for External Use Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Ibuprofen for External Use Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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