In 2022, the size of the biopharmaceutical market in South Korea amounted to around 5.17 trillion South Korean won. This represents a decrease of around 26 percent compared to the previous year. The market size has grown at a five-year average of about 23.36 percent.
Size of the biopharmaceutical market in South Korea from 2012 to 2022
(in trillion South Korean won)
In order to calculate the size of the biopharmaceutical market, the following formula was applied: Market size = (Production value) - (Export value) + (Import value)
1,000 South Korean won equals 0.76 U.S. dollars or 0.69 euro as of January 2024.
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MFDS (South Korea). (December 28, 2023). Size of the biopharmaceutical market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/
MFDS (South Korea). "Size of the biopharmaceutical market in South Korea from 2012 to 2022 (in trillion South Korean won)." Chart. December 28, 2023. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/
MFDS (South Korea). (2023). Size of the biopharmaceutical market in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/
MFDS (South Korea). "Size of The Biopharmaceutical Market in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 28 Dec 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/
MFDS (South Korea), Size of the biopharmaceutical market in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/ (last visited November 13, 2024)
Size of the biopharmaceutical market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], MFDS (South Korea), December 28, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/780916/south-korea-biopharmaceutical-market-size/
