South Korea Docetaxel Market Size, Share, and COVID-19 Impact Analysis, By Indication (Breast Cancer, Non-Small Cell Lung Cancer, Hormone Refractory Prostate Cancer, and Gastric Adenocarcinoma), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Others), and South Korea Docetaxel Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Docetaxel Market Insights Forecasts to 2035
- The South Korea Docetaxel Market Size Was Estimated at USD 33.2 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 6.92% from 2025 to 2035
- The South Korea Docetaxel Market Size is Expected to Reach USD 69.29 Million by 2035
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According to a research report published by Spherical Insights and Consulting, The South Korea Docetaxel Market Size is anticipated to reach USD 69.29 Million by 2035, growing at a CAGR of 6.92% from 2025 to 2035. The growing use of targeted treatments, which are taking the place of conventional cytotoxic medicines in a number of cancer applications, is one factor limiting this. Additionally, the market demand is still being supported by the rising incidence of malignancies worldwide, especially those of the breast, lung, and prostate, for which docetaxel is still a common treatment option.
Market Overview
The manufacturing and distribution of docetaxel, a chemotherapy medication used to treat a variety of malignancies, including those of the breast, lung, prostate, and stomach, are included in the docetaxel market. It works by preventing the division of cancer cells and is given intravenously. The market is growing as a result of rising cancer rates and rising need for efficient therapies. Numerous cancer types can be effectively treated with docetaxel, which is frequently used in combination therapy to increase efficacy. Accessibility and affordability have increased due to its generic versions, particularly in low- and middle-income nations. Drug delivery system innovations including tailored medicines and formulations based on nanoparticles have the potential to increase effectiveness and decrease negative effects. New business opportunities are presented by expanding indications beyond oncology, such as rheumatoid arthritis and diabetic foot ulcers. Patient access to therapies is improved by the growth of outpatient care models and internet pharmacies. The program seeks to lower healthcare expenditures for the general public and provide access to necessary medications.
Report Coverage
This research report categorizes the market for South Korea docetaxel market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea docetaxel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea docetaxel market.
South Korea Docetaxel Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 33.2 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 6.92% |
2035 Value Projection: | USD 69.29 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 265 |
Tables, Charts & Figures: | 103 |
Segments covered: | By Indication and By Distribution Channel |
Companies covered:: | Samyang Bio, Hanmi Pharmaceutical, Yuhan Corporation, Chong Kun Dang, Daewoong Pharmaceutical, Celltrion, LG Chem Life Sciences, SK Chemicals, Hanall Biopharma, Medytox, Bukwang Pharmaceutical, Daewon Pharmaceutical, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The rising prevalence of various cancers such as breast, lung, and prostate cancer. Increasing awareness and early diagnosis have boosted demand for effective chemotherapy treatments. Additionally, the availability of generic versions has made docetaxel more affordable, expanding access in developing regions. Advances in drug formulations and combination therapies further enhance treatment outcomes. Growing investments in cancer research and favourable government initiatives promoting affordable cancer care also support market growth.
Restraining Factors
Despite the availability of generic versions, the cost of docetaxel remains relatively high compared to alternatives like paclitaxel, which can be more than ten times cheaper per cycle. Additionally, docetaxel is associated with severe side effects such as neutropenia, febrile neutropenia, and peripheral neuropathy, which can affect patient compliance and quality of life.
Market Segmentation
The South Korea Docetaxel Market share is classified into indication and distribution channel.
- The breast cancer scanners segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea docetaxel market is segmented by indication into breast cancer, non-small cell lung cancer, hormone-refractory prostate cancer, and gastric adenocarcinoma. Among these, the breast cancer segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The ability to decrease tumor size and increase survival rates is a common chemotherapeutic treatment. Docetaxel is frequently administered for advanced stages of breast cancer, following surgery, or in conjunction with other therapies. Docetaxel is in high demand due to its use in adjuvant and neoadjuvant treatments as well as the rising prevalence of breast cancer, which guarantees its continuous dominance in the oncology market.
- The hospital pharmacy segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea docetaxel market is segmented by distribution channel into hospital pharmacy, retail pharmacy, and others. Among these, the hospital pharmacy segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Crucial part in overseeing chemotherapy administration and cancer treatment methods. Chemotherapy medications like docetaxel are primarily prescribed in hospitals, especially for patients with advanced or metastatic malignancies.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea docetaxel market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Samyang Bio
- Hanmi Pharmaceutical
- Yuhan Corporation
- Chong Kun Dang
- Daewoong Pharmaceutical
- Celltrion
- LG Chem Life Sciences
- SK Chemicals
- Hanall Biopharma
- Medytox
- Bukwang Pharmaceutical
- Daewon Pharmaceutical
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea docetaxel market based on the below-mentioned segments:
South Korea Docetaxel Market, By Indication
- Breast Cancer
- Non-Small Cell Lung Cancer
- Hormone Refractory Prostate Cancer
- Gastric Adenocarcinoma
South Korea Docetaxel Market, By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Others
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