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    South Korea Cancer Immunotherapy Market

    ID: MRFR/Pharma/48383-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    South Korea Cancer Immunotherapy Market Research Report By Therapy Type (Monoclonal Antibodies, Check Point Inhibitors, Cancer Vaccines, Therapeutic T-Cells, Oncolytic Virus Therapy), By Cancer Type (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma), By End User (Hospitals, Cancer Research Institutes, Diagnostics Labs) and By Route of Administration (Intravenous, Subcutaneous, Intramuscular)- Forecast to 2035

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    South Korea Cancer Immunotherapy Market Infographic
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    South Korea Cancer Immunotherapy Market Summary

    The South Korea Cancer Immunotherapy market is projected to grow from 1.75 USD Billion in 2024 to 3.5 USD Billion by 2035.

    Key Market Trends & Highlights

    South Korea Cancer Immunotherapy Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 6.5 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.5 USD Billion, indicating robust growth.
    • In 2024, the market is valued at 1.75 USD Billion, reflecting the increasing demand for innovative cancer treatments.
    • Growing adoption of immunotherapy due to its effectiveness in treating various cancers is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.75 (USD Billion)
    2035 Market Size 3.5 (USD Billion)
    CAGR (2025-2035) 6.5%

    Major Players

    Genexine, Medytox, AhnGook Pharmaceutical, EirGenix, Celltrion, Hanmi Pharmaceutical, SK Bioscience, BTX Pharma, OncoOne, LG Chem, Korea United Pharm, Daewoong Pharmaceutical, Samsung Biologics, Korea Research Institute of Bioscience and Biotechnology

    South Korea Cancer Immunotherapy Market Trends

    The South Korea Cancer Immunotherapy Market is undergoing notable changes that are redefining its landscape. Increased government and private sector funding in research and development is one of the key factors propelling the market's progress. The South Korean government has been actively promoting biotechnology and pharmaceutical industries with special focus on cancer immunotherapy due to its immunotherapeutic potential surging necessitated by the high cancer incidence in the South Korea. The government's support is driving more academic institutions, biotechs, and healthcare providers to work together, increasing innovation in treatment options.

    Additionally, the strong awareness of immunotherapy in the doctor’s and patient’s community is supporting the growth of the market.

    With the expansion in the number of healthcare professionals who appreciate the effectiveness of immunotherapy, there is strong demand for tailor made medicines. Modern diagnostic equipment facilitates the tailoring of cancer treatments to patients, consequently improving the effectiveness of cancer care. In addition, they are being actively integrated into the standard treatment outlining procedures of South Korea's well developed healthcare system, improving access to these therapies. There are still opportunities to develop additional combination therapies that work with existing immunotherapy techniques.

    South Korea is a clinically researched robust country, offering a good opportunity to apply new treatment designs for clinical testing and validation.

    The quick progress on new combination therapies stands to position South Korea as a leader in cancer treatment. Recently, South Korea has experienced a surge in novel immunotherapeutic agent clinical trials, which shows that efforts are being made for difficult-to-treat cancer types. The merger of these trends portrays an active environment towards advancement and development of cancer immunotherapy.

    Market Segment Insights

    Cancer Immunotherapy Market Therapy Type Insights

    The South Korea Cancer Immunotherapy Market is significantly shaped by the Therapy Type segmentation, which includes Monoclonal Antibodies, Check Point Inhibitors, Cancer Vaccines, Therapeutic T-Cells, and Oncolytic Virus Therapy. Monoclonal Antibodies are crucial within the market, as they offer targeted treatment options that have demonstrated effectiveness in the management of various cancers by specifically targeting cancer cells while preserving normal cells. Check Point Inhibitors play a vital role by enhancing the immune system's ability to detect and destroy cancer cells; this modality is rapidly gaining traction in South Korea due to its promising results in clinical trials.

    Cancer Vaccines represent a major area of focus, as they are designed to stimulate the immune system to fight cancer proactively, contributing significantly to the overall therapeutic strategies employed in oncology. Therapeutic T-Cells, particularly CAR T-cell therapy, have shown remarkable success in treating hematologic malignancies and are increasingly being explored for solid tumors in South Korea. Lastly, Oncolytic Virus Therapy is recognized for its innovative approach to cancer treatment, utilizing genetically modified viruses that selectively infect and kill cancer cells while also stimulating an immune response against the tumor.

    The South Korea Cancer Immunotherapy Market segmentation is influenced by various factors, including advancements in Research and Development, the increasing prevalence of cancer, and growing awareness of immunotherapeutic options among healthcare professionals and patients alike. Furthermore, South Korea’s robust healthcare infrastructure and rising investment in biotechnology research foster an environment conducive to the growth of these innovative therapies. Overall, the combination of these therapy types underlines a strategic and dynamic evolution of the South Korea Cancer Immunotherapy Market, reflecting global trends while catering to local healthcare demands.

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Cancer Immunotherapy Market Cancer Type Insights

    The South Korea Cancer Immunotherapy Market is intricately segmented by Cancer Type, which plays a crucial role in understanding the overall landscape of cancer treatment options available in the country. With the rise in cancer incidence, treatments for Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, and Melanoma are gaining significant attention from healthcare providers and patients alike. Breast Cancer remains a leading concern, driving advancements and research in immunotherapy options tailored for female patients, while Lung Cancer, being one of the most prevalent forms, is pushing innovations in targeted therapies aimed at improving survival rates.

    Colorectal Cancer treatments are also pivotal, reflecting the need for more effective interventions in response to rising diagnosis rates in South Korea. Furthermore, Prostate Cancer is becoming increasingly prominent, leading to discussions about developing male-specific therapies, especially in a nation with a growing aging population. Meanwhile, Melanoma's aggressive nature is prompting specialized immunotherapeutic approaches to enhance treatment outcomes. The combined focus on these cancer types underscores South Korea's commitment to advancing cancer care, supported by an evolving healthcare system that embraces innovation and the importance of personalized medicine in combating these diseases.

    Cancer Immunotherapy Market End User Insights

    The South Korea Cancer Immunotherapy Market is influenced significantly by its End User segment which includes Hospitals, Cancer Research Institutes, and Diagnostics Labs. Hospitals serve as a crucial platform, being primary locations for providing advanced cancer treatments, thus heavily driving patient access to immunotherapy options. Cancer Research Institutes play a vital role in developing novel therapies and facilitating clinical trials, contributing to scientific advancements in the field and aiding in the education of healthcare professionals.

    Diagnostics Labs are essential for early detection and personalized treatment pathways, significantly improving patient outcomes through accurate cancer diagnoses. The rising prevalence of cancer in South Korea, along with the government’s initiatives to enhance healthcare infrastructure, further fuels the growth of these entities. Additionally, advanced technologies and increased healthcare expenditure in South Korea support these institutions in adapting to modern treatments, including immunotherapy. The collaborative nature of these segments leads to an integrated approach in cancer treatment, ensuring comprehensive care and improved survival rates for patients.

    Cancer Immunotherapy Market Route of Administration Insights

    The Route of Administration segment within the South Korea Cancer Immunotherapy Market plays a crucial role in the effective delivery of cancer treatments, directly influencing patient outcomes and their treatment experiences. As the market evolves, the utilization of Intravenous methods continues to be a common choice among healthcare professionals, allowing for rapid drug absorption and immediate therapeutic effects. Meanwhile, the Subcutaneous route offers patients a convenient administration option, often contributing to improved adherence to treatment regimens, as it can be self-administered and reduces frequent hospital visits.

    Intramuscular administration also holds importance for certain therapies, providing an alternative that can enhance the patient experience while ensuring sufficient drug bioavailability. As South Korea focuses on enhancing its healthcare infrastructure and patient-centric treatment approaches, the significance of each route of administration is expected to grow. This will further drive innovation and development in cancer immunotherapy, aligning with the broader trends of personalized and efficient healthcare solutions in the region. The adaptability and effectiveness of these administration routes ensure they remain integral to the ongoing transformation of the South Korea Cancer Immunotherapy Market.

    Get more detailed insights about South Korea Cancer Immunotherapy Market Research Report - Forecast to 2035

    Key Players and Competitive Insights

    The competitive landscape of the South Korea Cancer Immunotherapy Market is characterized by rapid advancements in research and development, a significant increase in the adoption of novel therapeutic approaches, and a growing focus on personalized medicine. The market has witnessed the emergence of several biopharmaceutical companies competing to innovate and provide cutting-edge treatment options for various types of cancer. Factors such as government support for research initiatives, a well-established healthcare infrastructure, and a rising prevalence of cancer have driven the growth of this market segment.

    As these companies strive to enhance their market positions, collaborations, partnerships, and strategic alliances have become common strategies employed to optimize their capabilities and accelerate the development of new therapies. Genexine stands out in the South Korea Cancer Immunotherapy Market with a strong focus on developing innovative biologic drugs for cancer treatment. The company has built a robust pipeline of immunotherapeutic products aimed at addressing various malignancies, which positions it strategically within the competitive landscape. Genexine has leveraged its strengths in research and clinical development, showcasing a commitment to utilizing advanced technologies that target specific cancer-related pathways.

    This focus on innovative solutions not only strengthens Genexine's market presence but also enhances its reputation as a leader in the Korean biopharmaceutical sector. Furthermore, its collaborations with both academic institutions and industry partners have bolstered its capabilities for further development and commercialization.Medytox is another key player in the South Korea Cancer Immunotherapy Market, known for its advanced research in immunotherapy and therapeutic peptides. The company is recognized for developing proprietary products that harness the immune system to fight cancer more effectively.

    Medytox has established a strong market presence fueled by its diverse portfolio of immunotherapeutic agents and its commitment to innovation.

    With significant investments in research and development coupled with potential mergers and acquisitions, Medytox aims to expand its access to cutting-edge technologies and broaden its therapeutic offerings. The company continues to focus on scaling operations and enhancing its competitive edge in the South Korean market by providing novel treatment solutions and maintaining strong ties with healthcare providers and research institutions to support its growth trajectory.

    Key Companies in the South Korea Cancer Immunotherapy Market market include

    Industry Developments

    Recent developments in the South Korea Cancer Immunotherapy Market have seen significant advancements, particularly with companies like Genexine and Medytox focusing on innovative therapies. In October 2023, Hanmi Pharmaceutical announced a breakthrough in their immuno-oncology pipeline, garnering attention for their potential efficacy. Celltrion has been actively forging collaborations to expand their research outputs, aiming to enhance the treatment landscape for patients. Moreover, Samsung Biologics has reported a substantial growth in their Research and Development investments, impacting the overall market dynamics positively.

    In terms of mergers and acquisitions, AhnGook Pharmaceutical made headlines in September 2023 with their strategic acquisition of a biotechnology firm, aiming to bolster its presence in the cancer immunotherapy space. Additionally, LG Chem announced in August 2023 its plans to partner with Korea United Pharm for joint development ventures that could further expand their oncology product portfolio. Overall, the South Korea Cancer Immunotherapy Market is witnessing robust growth, driven by increased investment and collaboration among key players, thereby enhancing the potential for new treatment options and improving patient outcomes.

    Market Segmentation

    Cancer Immunotherapy Market End User Outlook

    • Hospitals
    • Cancer Research Institutes
    • Diagnostics Labs

    Cancer Immunotherapy Market Cancer Type Outlook

    • Breast Cancer
    • Lung Cancer
    • Colorectal Cancer
    • Prostate Cancer
    • Melanoma

    Cancer Immunotherapy Market Therapy Type Outlook

    • Monoclonal Antibodies
    • Check Point Inhibitors
    • Cancer Vaccines
    • Therapeutic T-Cells
    • Oncolytic Virus Therapy

    Cancer Immunotherapy Market Route of Administration Outlook

    • Intravenous
    • Subcutaneous
    • Intramuscular

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.67(USD Billion)
    MARKET SIZE 2024 1.75(USD Billion)
    MARKET SIZE 2035 3.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.476% (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, Medytox, AhnGook Pharmaceutical, EirGenix, Celltrion, Hanmi Pharmaceutical, SK Bioscience, BTX Pharma, OncoOne, LG Chem, Korea United Pharm, Daewoong Pharmaceutical, Samsung Biologics, Korea Research Institute of Bioscience and Biotechnology
    SEGMENTS COVERED Therapy Type, Cancer Type, End User, Route of Administration
    KEY MARKET OPPORTUNITIES Growing investment in R&D, Increased awareness and adoption, Rising prevalence of cancer, Government support for biotech, Emerging personalized therapies
    KEY MARKET DYNAMICS increasing cancer prevalence, government support initiatives, advanced R&D capabilities, rising healthcare expenditure, growing awareness and education
    COUNTRIES COVERED South Korea

    FAQs

    What is the current market size of the South Korea Cancer Immunotherapy Market in 2024?

    The South Korea Cancer Immunotherapy Market is expected to be valued at 1.75 USD Billion in 2024.

    What will the market size be in 2035?

    By 2035, the market is projected to reach a value of 3.5 USD Billion.

    What is the expected CAGR for the South Korea Cancer Immunotherapy Market from 2025 to 2035?

    The market is anticipated to grow at a compound annual growth rate of 6.476% during the forecast period.

    Which therapy type holds the largest market share in 2024?

    In 2024, Monoclonal Antibodies are projected to dominate the market with a value of 0.52 USD Billion.

    What is the market size for Check Point Inhibitors in 2024?

    Check Point Inhibitors are expected to have a market value of 0.49 USD Billion in 2024.

    Who are the key players in the South Korea Cancer Immunotherapy Market?

    Major players include Genexine, Medytox, AhnGook Pharmaceutical, and Celltrion among others.

    What is the projected market size for Cancer Vaccines in 2035?

    Cancer Vaccines are anticipated to reach a market size of 0.7 USD Billion by 2035.

    How does the market size for Therapeutic T-Cells in 2024 compare to 2035?

    Therapeutic T-Cells are valued at 0.28 USD Billion in 2024 and are expected to double to 0.56 USD Billion by 2035.

    What growth opportunities exist in the South Korea Cancer Immunotherapy Market?

    The increasing demand for innovative cancer treatment options presents significant growth opportunities in the market.

    What is the market value for Oncolytic Virus Therapy in 2035?

    Oncolytic Virus Therapy is projected to reach a market value of 0.22 USD Billion by 2035.

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