South Korea Ticagrelor API Market was valued at USD 0.04 Billion in 2022 and is projected to reach USD 0.08 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The South Korea Ticagrelor API (Active Pharmaceutical Ingredient) market has been experiencing steady growth due to the increasing demand for cardiovascular treatments. Ticagrelor is an antiplatelet drug primarily used to reduce the risk of heart attacks, strokes, and other related conditions. As a vital API, Ticagrelor plays a crucial role in the pharmaceutical industry, with several key factors driving its demand across South Korea. The market for Ticagrelor API in South Korea is expected to expand as the country faces a growing aging population and an increased prevalence of heart diseases.
The need for Ticagrelor API arises from various industries, particularly in the pharmaceutical and healthcare sectors. Cardiovascular diseases are one of the leading causes of mortality in South Korea, creating a significant demand for effective treatment options. Hospitals, clinics, and pharmaceutical manufacturers are the primary consumers of Ticagrelor API, as they strive to produce and supply medications that address these life-threatening conditions.
One of the key drivers of the Ticagrelor API market is the rising demand for generic versions of the drug. As patents on Ticagrelor begin to expire, many pharmaceutical companies are turning to generics to meet the growing demand at lower prices. This trend is particularly prominent in South Korea, where cost-effective healthcare solutions are essential. In addition, the government's focus on improving healthcare services and the affordability of medicines is contributing to the growth of the Ticagrelor API market.
Furthermore, as the pharmaceutical industry in South Korea becomes more competitive, there is a noticeable shift towards outsourcing API production. Pharmaceutical companies are increasingly relying on contract manufacturing organizations (CMOs) to produce Ticagrelor API, which allows them to focus on their core competencies, such as drug formulation and marketing.
The demand for Ticagrelor API from South Korean industries is likely to increase as more local and global players enter the market. With advancements in manufacturing technology and stringent quality control measures, the Ticagrelor API market in South Korea is poised for continued expansion. Additionally, industry experts predict that the demand for Ticagrelor API will remain robust as healthcare providers continue to prioritize treatments for cardiovascular conditions.
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SUANFARMA
Metrochem API Pvt Ltd
Divi's Laboratories
CTX
Shanghai Haoyuan Chemexpress
CR Double Crane
Tianyu Pharm
Chem-Stone
Hunan Warrant
Jiangxi Synergy Pharmaceutical
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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 Ticagrelor API Market
Acute Coronary Syndrome (ACS)
Coronary Artery Disease (CAD)
Peripheral Artery Disease (PAD)
Other cardiovascular conditions
Tablet Formulation
Injectable Formulation
Co-packaged Formulation with Aspirin
Fixed Dose Combinations
Hospitals
Retail Pharmacies
Online Pharmacies
Specialty Clinics
Healthcare Professionals
Patients
Pharmacists
Drug Distributors
Contract Manufacturing
In-house Manufacturing
Generic Manufacturing
Branded Manufacturing
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Ticagrelor API 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 Ticagrelor API Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Ticagrelor API Market, By Type
6. South Korea Ticagrelor API Market, By Application
7. South Korea Ticagrelor API Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Ticagrelor API Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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