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    South Korea Protein Therapeutics Market

    ID: MRFR/LS/50029-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    South Korea Protein Therapeutics Market Research Report By Type (Monoclonal Antibodies, Insulin, Fusion Protein, Erythropoietin, Interferon), By Application (Cancer, Metabolic Disorders, Immunologic Disorders, Hematological Disorders) and By End User (Hospitals and Clinics, Specialty Centers)- Forecast to 2035

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    South Korea Protein Therapeutics Market Infographic
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    South Korea Protein Therapeutics Market Summary

    The South Korea Protein Therapeutics market is projected to experience substantial growth from 2024 to 2035.

    Key Market Trends & Highlights

    South Korea Protein Therapeutics Key Trends and Highlights

    • The market valuation is estimated at 5.56 USD Billion in 2024 and is expected to reach 12.6 USD Billion by 2035.
    • A compound annual growth rate (CAGR) of 7.7 percent is anticipated from 2025 to 2035.
    • The increasing demand for innovative therapies is likely to drive market expansion in the coming years.
    • Growing adoption of biopharmaceuticals due to advancements in protein engineering is a major market driver.

    Market Size & Forecast

    2024 Market Size 5.56 (USD Billion)
    2035 Market Size 12.6 (USD Billion)
    CAGR (2025-2035) 7.7%

    Major Players

    Genexine, KBio, Biocure Technology, Green Cross Corporation, Pharming Group, Celltrion, Hugel, Hanmi Pharmaceutical, Samsung Bioepis, SK Biopharmaceuticals, CureVac, LG Chem, Daewoong Pharmaceutical, Samsung Biologics, Medytox

    South Korea Protein Therapeutics Market Trends

    The South Korea Protein Therapeutics Market is currently influenced by several key market drivers including an increasing prevalence of chronic diseases, such as cancer and autoimmune disorders, which boosts the demand for innovative therapeutic solutions. The nation has a strong biotechnology sector bolstered by government initiatives aimed at enhancing research and development in biologics, particularly protein-based therapies. Significant investments in life sciences, along with a supportive regulatory environment, pave the way for advancing protein therapeutics in South Korea. 

    There are opportunities to be explored in South Korea's aging population, which necessitates the development of more effective treatment options tailored for elderly patients.The nation's emphasis on personalised medicine also opens up new opportunities for protein therapeutics, which enable targeted treatments that are based on the genetic profiles of individual patients. Furthermore, South Korea's dedication to establishing a global biopharmaceutical centre underscores the potential for collaboration and partnerships within the industry, thereby fostering innovation.

     Biosimilars have experienced a notable increase in popularity in recent years as a result of their cost-effectiveness and the potential to increase the accessibility of treatment. This trend is being driven by South Korea's goals to improve the sustainability of its healthcare system and to improve the delivery of healthcare services. 

    Moreover, the development of biomanufacturing technologies is facilitating the implementation of more efficient production processes for protein therapeutics. These trends are instrumental in determining the future of the protein therapeutics market in the region as South Korea intensifies its emphasis on patient-centric approaches and healthcare transparency.

      

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Market Segment Insights

    South Korea Protein Therapeutics Market Segment Insights

    South Korea Protein Therapeutics Market Segment Insights

    Protein Therapeutics Market Type Insights

    Protein Therapeutics Market Type Insights

    The South Korea Protein Therapeutics Market is experiencing significant growth, driven by various factors contributing to the rising demand for therapeutic proteins across different types. Among the diverse categories within this market, Monoclonal Antibodies stand out due to their transformative role in treating numerous diseases, including cancers and autoimmune disorders. Their targeted action not only enhances treatment efficacy but also minimizes adverse effects, making them increasingly preferred in comprehensive treatment regimens. Insulin remains a cornerstone in the Protein Therapeutics Market, particularly as the prevalence of diabetes continues to climb within the South Korean population.

    Owing to lifestyle shifts, such as increased urbanization and dietary changes, the demand for insulin products remains robust, highlighting the urgency in expanding and advancing insulin formulations. Fusion Proteins leverage the benefits of multiple proteins, allowing for synergistic effects that are critical for conditions requiring intricate management; their versatility in formulation has led to substantial interest from both healthcare professionals and patients alike. 

    Erythropoietin, primarily used for treating anemia, particularly in chronic kidney disease patients, maintains consistent demand, reaffirming its importance in the therapeutic landscape of South Korea.Furthermore, Interferon, renowned for its antiviral and anticancer properties, supports a niche but essential segment in the treatment of various viral infections and malignancies, cementing its position as a crucial therapeutic option. With an inspiring growth trajectory, the South Korea Protein Therapeutics Market segmentation reflects an array of opportunities where innovation and patient-centric approaches are paramount. 

    The continued emphasis on Research and Development, alongside supportive healthcare policies, reinforces the significance of these types within the marketplace, fostering new advancements that can positively influence healthcare outcomes across the nation.As South Korea's biopharmaceutical sector continues its upward momentum, emerging biotechnologies and biologics will likely enhance the efficacy, delivery, and accessibility of protein therapeutics, further transforming patient care and management strategies.

    Protein Therapeutics Market Application Insights

    Protein Therapeutics Market Application Insights

    In the South Korea Protein Therapeutics Market, the Application segment plays a crucial role, focusing on diverse therapeutic areas that address significant health challenges within the region. The oncology sector, particularly related to Cancer treatment, is a dominant driver in this market, reflecting the increasing prevalence of cancers and a robust demand for targeted therapies. 

    Additionally, the rise in metabolic disorders, partly due to lifestyle changes, has resulted in a growing emphasis on innovative protein-based therapeutics aimed at managing conditions like diabetes and obesity.Similarly, Immunologic Disorders represent a vital area of focus, as advancements in biotechnology have facilitated the development of novel treatments that enhance immune responses, thus improving overall patient outcomes. 

    Hematological Disorders also hold importance, given the complexities involved in diseases like leukemia and anemia that require sophisticated protein therapeutics for effective management. Collectively, these therapeutic applications contribute significantly to the dynamics of the South Korea Protein Therapeutics Market, driving advancements and fostering growth opportunities within the healthcare sector.

    Protein Therapeutics Market End User Insights

    Protein Therapeutics Market End User Insights

    The South Korea Protein Therapeutics Market is showing significant growth, driven by various end users, prominently Hospitals and Clinics, along with Specialty Centers. Hospitals and Clinics play a crucial role in the administration and management of protein therapeutics, as they cater to a broad spectrum of patients requiring advanced treatments for chronic diseases and health conditions. 

    With an aging population and increasing healthcare demands, these facilities are essential in the South Korean healthcare system. Specialty Centers, focusing on specific therapeutic areas such as oncology or rare diseases, are also crucial in this landscape. They provide targeted treatments and often integrate cutting-edge research with clinical applications, creating a significant impact on patient outcomes. The rising prevalence of genetic disorders and the need for personalized medicine are contributing to the increased reliance on these facilities for tailored protein therapeutic approaches. 

    The growth of these segments reflects a broader trend towards specialized healthcare services and the increasing importance of advanced therapeutics in achieving better health results. Overall, the segmentation of the South Korea Protein Therapeutics Market emphasizes the pivotal role of both Hospitals and Clinics and Specialty Centers in the ongoing evolution of healthcare delivery in the region, which is marked by regulatory support and growing investment in biotechnology and medical technologies.

    Get more detailed insights about South Korea Protein Therapeutics Market Research Report- Forecast To 2035

    Key Players and Competitive Insights

    The South Korea Protein Therapeutics Market has become an essential component of the biopharmaceutical landscape, showcasing a dynamic environment characterized by rapid advancements in biotechnology. The competitive insights within this market reveal a robust framework fueled by innovation and research aimed at developing effective therapeutic solutions for various diseases, including oncology, autoimmune disorders, and infectious diseases. The proliferation of biotechnology firms, along with supportive government policies and a well-established healthcare system, has contributed to a vigorous ecosystem conducive to the growth of protein therapeutics. 

    The ongoing investment in research and development activities has positioned South Korea as a key player in the global biopharmaceutical arena, emphasizing the country's focus on enhancing patient outcomes through advanced protein-based therapies.Genexine stands out as a prominent player within the South Korea Protein Therapeutics Market, leveraging its expertise in developing innovative biologics and biopharmaceuticals. Known for its cutting-edge technology platforms, Genexine has made notable strides in the field of monoclonal antibodies and protein therapeutics, ensuring a strong presence in the market.

    The company's strengths lie in its robust pipeline of candidates targeting critical therapeutic areas, along with established collaborations that bolster its development capabilities. 

    Genexine has also positioned itself to utilize advanced manufacturing processes, enhancing the efficiency and scalability of its protein therapeutic production. With a strong emphasis on research and clinical trials, Genexine is well-equipped to address unmet medical needs in the South Korean healthcare landscape.In the context of South Korea's Protein Therapeutics Market, KBio has emerged as a noteworthy contender, focusing on the development and commercialization of protein-based treatments. The company boasts a diverse portfolio of key products, primarily targeting chronic diseases and immune-related conditions. 

    KBio's strategic presence within the market is further enhanced by its innovative research initiatives, which aim to create biologics that deliver enhanced efficacy and safety profiles. KBio also actively pursues partnerships and collaborations with other leading biopharmaceutical firms, contributing to its competitive edge and expanding its reach. The company's strengths are supported by its commitment to quality assurance and regulatory standards, ensuring that its therapeutics meet stringent requirements for market approval. 

    Additionally, KBio's ongoing efforts in mergers and acquisitions reflect its ambition to strengthen its position in the market and diversify its therapeutic offerings, making substantial contributions to the protein therapeutics ecosystem in South Korea.

    Key Companies in the South Korea Protein Therapeutics Market market include

    Industry Developments

    Recent developments in the South Korea Protein Therapeutics Market highlight a growing interest and investment in biopharmaceuticals. Genexine recently advanced its clinical trials for new therapeutic proteins, while Celltrion celebrated successful approvals for its biosimilars, expanding its global market reach. 

    Moreover, SK Biopharmaceuticals reported significant growth in market valuation due to the increased demand for innovative protein-based therapies. In September 2023, Samsung Biologics announced plans to expand its manufacturing capacity, indicating a strong push toward meeting global demand. Additionally, in August 2023, Hanmi Pharmaceutical revealed a strategic collaboration with CureVac to develop mRNA therapeutics, further enhancing South Korea's position in the biotechnology sector. 

    Mergers and acquisitions have also been notable, with LG Chem acquiring Biocure Technology in July 2023, strengthening its portfolio in the protein therapeutics space. The South Korean government continues to support the biotechnology industry through funding and incentives, which bolsters the growth of companies such as Hugel and Daewoong Pharmaceutical. 

    Overall, the protein therapeutics landscape in South Korea is characterized by increased investments, collaborations, and robust government support, positioning the nation as a key player in the global biopharmaceutical arena.

    Market Segmentation

    Protein Therapeutics Market Type Outlook

    • Monoclonal Antibodies
    • Insulin
    • Fusion Protein
    • Erythropoietin
    • Interferon

    Protein Therapeutics Market End User Outlook

    • Hospitals and Clinics
    • Specialty Centers

    Protein Therapeutics Market Application Outlook

    • Cancer
    • Metabolic Disorders
    • Immunologic Disorders
    • Hematological Disorders

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 5.2(USD Billion)
    MARKET SIZE 2024 5.56(USD Billion)
    MARKET SIZE 2035 12.57(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.693% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Genexine, KBio, Biocure Technology, Green Cross Corporation, Pharming Group, Celltrion, Hugel, Hanmi Pharmaceutical, Samsung Bioepis, SK Biopharmaceuticals, CureVac, LG Chem, Daewoong Pharmaceutical, Samsung Biologics, Medytox
    SEGMENTS COVERED Type, Application, End User
    KEY MARKET OPPORTUNITIES Increasing prevalence of chronic diseases, Rising demand for personalized medicine, Advancements in biomanufacturing technologies, Expansion of biosimilars market, Government support for biotechnology innovation
    KEY MARKET DYNAMICS Increasing chronic disease prevalence, Expanding biopharmaceutical investments, Rising demand for personalized medicine, Strong regulatory support, Growing focus on biosimilars
    COUNTRIES COVERED South Korea

    FAQs

    What is the expected market size of the South Korea Protein Therapeutics Market in 2024?

    The South Korea Protein Therapeutics Market is expected to be valued at 5.56 USD Billion in 2024.

    What will be the growth rate of the South Korea Protein Therapeutics Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 7.693% from 2025 to 2035.

    What will be the expected market size of Monoclonal Antibodies in 2035?

    The Monoclonal Antibodies segment is expected to reach 4.78 USD Billion by 2035.

    Who are the major players in the South Korea Protein Therapeutics Market?

    Key players include Genexine, Celltrion, Hanmi Pharmaceutical, and Samsung Bioepis.

    What is the expected market size for Insulin in 2035?

    The Insulin segment is projected to attain a market value of 3.0 USD Billion in 2035.

    What market value is projected for Erythropoietin in 2024?

    The Erythropoietin segment is expected to be valued at 0.9 USD Billion in 2024.

    Which segment is anticipated to have the highest growth rate over the forecast period?

    Monoclonal Antibodies are expected to exhibit significant growth, bolstered by rising demand.

    What will the market size for Fusion Protein be in 2035?

    The Fusion Protein segment is projected to reach 1.8 USD Billion by 2035.

    What is the market value of Interferon expected to be in 2024?

    The Interferon segment is anticipated to be valued at 0.46 USD Billion in 2024.

    What is the projected market size of the South Korea Protein Therapeutics Market in 2035?

    The overall market is expected to be valued at 12.57 USD Billion in 2035.

    South Korea Protein Therapeutics Market Research Report- Forecast To 2035 Infographic
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