South Korea Over-the-Counter (OTC) Healthcare Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026
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The South Korea over-the-counter (OTC) healthcare market was valued at $5.1 billion in the year 2021. The market is expected to grow at a CAGR of more than 2% during the forecast period. The South Korea OTC healthcare market report provides insights on high growth markets to target, trends in the usage of category level distribution data and companies market shares.
South Korea OTC healthcare market overview
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Which are the key categories in the OTC healthcare market in South Korea?
The key categories in the OTC healthcare market in South Korea include analgesics, cough and cold preparations, first aid kits, indigestion preparations, medicated skin products, plasters & bandages, topical OTC medicines, traditional medicines, vitamins and minerals, and other OTC healthcare products. Traditional medicines was the largest category in 2021
South Korea OTC healthcare market, by categories
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What are the key distribution channels in the OTC healthcare market in South Korea?
The key distribution channels in the OTC healthcare market in South Korea are drug stores/pharmacies, hypermarkets & supermarkets, convenience stores, and food & drinks specialists. Drug stores & pharmacies was the leading distribution channel in the South Korean OTC healthcare sector.
South Korea OTC healthcare market, by key distribution channels
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Which are the key competitors in the OTC healthcare market in South Korea?
The key competitors in the OTC healthcare market in South Korea are Dong Wha Pharm Co., Ltd., Boryung Pharm Co Ltd, WhanIn Pharmaceutical Co., Ltd., Johnson & Johnson Services Inc, and ILYANG Pharmaceuticals Co. Ltd.
South Korea OTC healthcare market, by key competitors
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Market report overview
Market size 2021 | $5.1 billion |
CAGR | >2% |
Forecast period | 2021-2026 |
Key categories | Analgesics, Cough and Cold Preparations, First Aid Kits, Indigestion Preparations, Medicated Skin Products, Plasters & Bandages, Topical OTC Medicines, Traditional Medicines, Vitamins and Minerals, and Other OTC Healthcare Products |
Key distribution channel | Drug Store & Pharmacies, Hypermarkets & Supermarkets, Convenience Stores, and Food & Drinks Specialists |
Key competitors | Dong Wha Pharm Co., Ltd., Boryung Pharm Co Ltd, WhanIn Pharmaceutical Co., Ltd., Johnson & Johnson Services Inc, and ILYANG Pharmaceuticals Co. Ltd |
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Frequently asked questions
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What was the South Korea OTC healthcare market size in the year 2021?
The South Korea OTC healthcare market size was $5.1 billion in the year 2021.
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What is the South Korea OTC healthcare market growth rate?
The South Korea OTC healthcare market is expected to grow at a CAGR of more than 2% during the forecast period.
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Which are the key categories in the South Korea OTC healthcare market?
Analgesics, cough and cold preparations, first aid kits, indigestion preparations, medicated skin products, plasters & bandages, topical OTC medicines, traditional medicines, vitamins and minerals, and other OTC healthcare products are the key categories in the South Korean OTC healthcare market.
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What are the key distribution channels in the South Korea OTC healthcare market?
Drug stores/pharmacies, hypermarkets & supermarkets, convenience stores, and food & drinks specialists are the key distribution channels in the South Korean OTC healthcare market.
-
Which are the key competitors in the South Korea OTC healthcare market?
Dong Wha Pharm Co., Ltd., Boryung Pharm Co Ltd, WhanIn Pharmaceutical Co., Ltd., Johnson & Johnson Services Inc, and ILYANG Pharmaceuticals Co. Ltd. are the key competitors in the South Korean OTC healthcare market.
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