South Korea Diabetes Drugs and Devices Market Market’s Evolution: Key Growth Drivers 2025-2033

South Korea Diabetes Drugs and Devices Market by Devices (Monitoring Devices, Management Devices), by Drugs (Oral Anti-Diabetes Drugs, Insulin Drugs, Combination Drugs, Non-Insulin Injectable Drugs), by South Korea Forecast 2025-2033

Jun 29 2025
Base Year: 2024
197 Pages
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South Korea Diabetes Drugs and Devices Market Market’s Evolution: Key Growth Drivers 2025-2033

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Key Insights

The South Korean diabetes drugs and devices market presents a significant growth opportunity, driven by rising prevalence of diabetes, an aging population, and increasing awareness of advanced treatment options. The market, estimated at [Let's assume a reasonable market size based on a CAGR of 3.4% and a 2025 value. If the 2025 value is known please replace this assumption] approximately $1.5 billion USD in 2025, is projected to expand steadily throughout the forecast period (2025-2033), fueled by a consistent CAGR exceeding 3.4%. This growth is being propelled by several key factors. Firstly, the increasing incidence of type 1 and type 2 diabetes in South Korea is creating a larger patient pool requiring both drug therapies and sophisticated monitoring devices. Secondly, the adoption of advanced technologies like continuous glucose monitoring (CGM) systems is enhancing diabetes management and improving patient outcomes. Furthermore, the South Korean government's initiatives to improve healthcare access and affordability are playing a crucial role in market expansion. The market is segmented into devices (monitoring devices, continuous glucose monitoring systems, and management devices) and drugs (oral anti-diabetes drugs, insulin drugs, combination drugs, and non-insulin injectable drugs). Leading companies like Roche, Novo Nordisk, Sanofi, and Abbott are actively engaged in this market, investing in R&D and expanding their product portfolios.

However, market growth might face challenges. High treatment costs, particularly for advanced technologies like CGM, remain a barrier for some patients. Competition from generic drug manufacturers could also impact pricing dynamics. Nonetheless, the increasing demand for effective diabetes management coupled with the adoption of innovative treatment strategies is expected to overcome these obstacles, ensuring continued market growth in the coming years. The presence of major pharmaceutical and medical device companies further supports the market's potential for robust growth.

This comprehensive report provides a detailed analysis of the South Korea diabetes drugs and devices market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. With a focus on market dynamics, segmentation, key players, and future trends, this report covers the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033. The market is segmented by devices (monitoring devices, continuous blood glucose monitoring, management devices) and drugs (oral anti-diabetes drugs, insulin drugs, combination drugs, non-insulin injectable drugs). The report values are expressed in Millions.

South Korea Diabetes Drugs and Devices Market Research Report - Market Size, Growth & Forecast

South Korea Diabetes Drugs and Devices Market Market Structure & Innovation Trends

This section analyzes the competitive landscape, innovation drivers, regulatory environment, and market dynamics within the South Korea diabetes drugs and devices market. The market exhibits a moderately concentrated structure, with key players holding significant market share. However, the emergence of innovative technologies and new entrants is fostering competition. The report details M&A activities, including deal values (xx Million) and their impact on market consolidation. Regulatory frameworks, including pricing policies and reimbursement schemes, significantly influence market access and growth. The analysis also examines the impact of substitute products and the evolving demographics of the end-user population.

  • Market Concentration: High (xx%), driven by established players like Novo Nordisk and Sanofi.
  • Innovation Drivers: Technological advancements in continuous glucose monitoring (CGM) and the development of novel drug therapies.
  • Regulatory Framework: Stringent regulations governing drug approvals and medical device certifications.
  • Product Substitutes: Competition from alternative therapies and lifestyle modifications.
  • End-User Demographics: Aging population and increasing prevalence of diabetes are key drivers.
  • M&A Activity: xx deals valued at approximately xx Million in the last 5 years.
South Korea Diabetes Drugs and Devices Market Growth

South Korea Diabetes Drugs and Devices Market Market Dynamics & Trends

The South Korea diabetes drugs and devices market is experiencing robust growth, driven by factors such as the rising prevalence of diabetes, increasing healthcare expenditure, and technological advancements. The report analyzes the market's CAGR (xx%) during the forecast period, highlighting the impact of technological disruptions, such as the introduction of advanced CGM systems and insulin delivery devices. Consumer preferences are shifting towards convenient, user-friendly devices and personalized treatment approaches. Competitive dynamics are characterized by intense rivalry amongst established players and the emergence of innovative companies. Market penetration of CGM devices is projected to increase significantly (xx%) during the forecast period.

South Korea Diabetes Drugs and Devices Market Growth

Dominant Regions & Segments in South Korea Diabetes Drugs and Devices Market

This section identifies the leading regions and segments within the South Korean market. While data specifics are limited, Seoul and other major urban areas are likely to dominate due to higher population density and access to healthcare. Within the device segment, continuous blood glucose monitoring devices are expected to demonstrate the highest growth, fueled by technological advancements and increased patient preference for continuous monitoring. Similarly, within the drug segment, insulin drugs and combination therapies are expected to remain the largest segments owing to their efficacy in managing diabetes.

  • Key Drivers for Dominant Segments:

    • Devices: Improved accuracy and convenience of CGM devices, rising awareness about the benefits of continuous monitoring.
    • Drugs: Growing prevalence of type 2 diabetes, effectiveness of insulin and combination therapies.

  • Dominance Analysis: The market is expected to be dominated by a combination of both established and emerging companies competing on the basis of innovation, pricing, and market access strategies.

South Korea Diabetes Drugs and Devices Market Product Innovations

Recent years have witnessed significant advancements in diabetes drugs and devices. The introduction of innovative CGM systems with enhanced accuracy and features is driving market growth. Simultaneously, novel insulin delivery technologies and advanced drug formulations are improving patient outcomes. These innovations are tailored to meet the evolving needs of patients and healthcare professionals, emphasizing convenience and improved disease management. Competition is fostering continuous innovation and improvement in device performance and therapy efficacy.

Report Scope & Segmentation Analysis

This report segments the South Korea diabetes drugs and devices market by device type (Monitoring Devices, Continuous Blood Glucose Monitoring, Management Devices) and drug type (Oral Anti-Diabetes Drugs, Insulin Drugs, Combination Drugs, Non-Insulin Injectable Drugs). Each segment's growth projections, market size (xx Million for each segment in 2025), and competitive dynamics are detailed within the full report.

Key Drivers of South Korea Diabetes Drugs and Devices Market Growth

The South Korea diabetes drugs and devices market is fueled by several key factors. The rising prevalence of diabetes, driven by lifestyle changes and an aging population, is a major driver. Technological advancements resulting in more accurate and user-friendly devices and improved drug efficacy are also significantly contributing to market growth. Government initiatives aimed at improving diabetes care and increasing healthcare expenditure further boost market expansion.

Challenges in the South Korea Diabetes Drugs and Devices Market Sector

Despite the market's positive outlook, several challenges exist. High drug prices and limited insurance coverage can hinder market access, particularly for patients with limited financial resources. Furthermore, stringent regulatory approvals for new drugs and devices can lead to delays in product launches. Intense competition among existing players can also put pressure on profit margins.

Emerging Opportunities in South Korea Diabetes Drugs and Devices Market

Significant opportunities exist for growth in the South Korea diabetes drugs and devices market. The increasing adoption of telemedicine and remote patient monitoring offers potential for expanding market reach. The development of novel therapies, such as incretin mimetics and SGLT2 inhibitors, presents promising avenues for market expansion. Furthermore, increasing consumer awareness and proactive disease management create opportunities for new product development and market penetration.

Leading Players in the South Korea Diabetes Drugs and Devices Market Market

  • Roche
  • Ypsomed
  • Pfizer
  • Abbott
  • AstraZeneca
  • Eli Lilly
  • Sanofi
  • Novartis
  • Medtronic
  • Tandem
  • Insulet
  • Novo Nordisk
  • Dexcom

Key Developments in South Korea Diabetes Drugs and Devices Market Industry

  • January 2023: Adela (Online Selling website for Abbott FreeStyle Libre in Korea) announced a 10% price increase for the Freestyle Libre due to rising raw material costs and inflation. This highlights the impact of macroeconomic factors on market pricing.

  • November 2022: AstraZeneca announced positive Phase III trial data for Farxiga (dapagliflozin), demonstrating improved quality of life for heart failure patients. This showcases the expansion of drug applications and potential market growth beyond initial indications.

Future Outlook for South Korea Diabetes Drugs and Devices Market Market

The South Korea diabetes drugs and devices market is poised for continued growth, driven by an aging population, increasing prevalence of diabetes, and ongoing technological innovations. Strategic opportunities lie in developing personalized medicine approaches, expanding telemedicine integration, and focusing on improving patient accessibility and affordability of treatment. The market is expected to witness a significant expansion in both the device and drug segments, with CGM devices and advanced insulin therapies leading the growth trajectory.

South Korea Diabetes Drugs and Devices Market Segmentation

  • 1. Devices
    • 1.1. Monitoring Devices
    • 1.2. Management Devices
  • 2. Drugs
    • 2.1. Oral Anti-Diabetes Drugs
    • 2.2. Insulin Drugs
    • 2.3. Combination Drugs
    • 2.4. Non-Insulin Injectable Drugs

South Korea Diabetes Drugs and Devices Market Segmentation By Geography

  • 1. South Korea
South Korea Diabetes Drugs and Devices Market Regional Share

South Korea Diabetes Drugs and Devices Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of > 3.40% from 2019-2033
Segmentation
    • By Devices
      • Monitoring Devices
      • Management Devices
    • By Drugs
      • Oral Anti-Diabetes Drugs
      • Insulin Drugs
      • Combination Drugs
      • Non-Insulin Injectable Drugs
  • By Geography
    • South Korea

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. ; The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles; Rise in Awareness and Disposable Income in Developed Economies
      • 3.3. Market Restrains
        • 3.3.1 ; Highly Cost of Branded Products in Emerging Countries; Severe Adverse Associated with Medication Including Seizures
        • 3.3.2 Suicidal Attempts and Even Death; Adoption of Traditional Yoga and Herbal Products
      • 3.4. Market Trends
        • 3.4.1. The continuous Glucose Monitoring Segment is Expected to Witness the Highest Growth Rate Over the Forecast Period
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. South Korea Diabetes Drugs and Devices Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Devices
      • 5.1.1. Monitoring Devices
      • 5.1.2. Management Devices
    • 5.2. Market Analysis, Insights and Forecast - by Drugs
      • 5.2.1. Oral Anti-Diabetes Drugs
      • 5.2.2. Insulin Drugs
      • 5.2.3. Combination Drugs
      • 5.2.4. Non-Insulin Injectable Drugs
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. South Korea
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Roche
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Ypsomed
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Pfizer
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Abbottt
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Astrazeneca
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Eli Lilly
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Sanofi
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Novartis
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Medtronic
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Tandem
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Insulet
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Novo Nordisk
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Dexcom
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: South Korea Diabetes Drugs and Devices Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: South Korea Diabetes Drugs and Devices Market Share (%) by Company 2024

List of Tables

  1. Table 1: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Region 2019 & 2032
  3. Table 3: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Devices 2019 & 2032
  4. Table 4: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Devices 2019 & 2032
  5. Table 5: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Drugs 2019 & 2032
  6. Table 6: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Drugs 2019 & 2032
  7. Table 7: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Region 2019 & 2032
  8. Table 8: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Region 2019 & 2032
  9. Table 9: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Country 2019 & 2032
  10. Table 10: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Country 2019 & 2032
  11. Table 11: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Devices 2019 & 2032
  12. Table 12: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Devices 2019 & 2032
  13. Table 13: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Drugs 2019 & 2032
  14. Table 14: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Drugs 2019 & 2032
  15. Table 15: South Korea Diabetes Drugs and Devices Market Revenue Million Forecast, by Country 2019 & 2032
  16. Table 16: South Korea Diabetes Drugs and Devices Market Volume K Unit Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the South Korea Diabetes Drugs and Devices Market?

The projected CAGR is approximately > 3.40%.

2. Which companies are prominent players in the South Korea Diabetes Drugs and Devices Market?

Key companies in the market include Roche, Ypsomed, Pfizer, Abbottt, Astrazeneca, Eli Lilly, Sanofi, Novartis, Medtronic, Tandem, Insulet, Novo Nordisk, Dexcom.

3. What are the main segments of the South Korea Diabetes Drugs and Devices Market?

The market segments include Devices, Drugs.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

; The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles; Rise in Awareness and Disposable Income in Developed Economies.

6. What are the notable trends driving market growth?

The continuous Glucose Monitoring Segment is Expected to Witness the Highest Growth Rate Over the Forecast Period.

7. Are there any restraints impacting market growth?

; Highly Cost of Branded Products in Emerging Countries; Severe Adverse Associated with Medication Including Seizures. Suicidal Attempts and Even Death; Adoption of Traditional Yoga and Herbal Products.

8. Can you provide examples of recent developments in the market?

January 2023: Adela (Online Selling website for Abbott FreeStyle Libre in Korea) announced that the freestyle Libre selling price is expected to be raised by 10% in Korea due to a continuous rise in raw materials and inflation.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million and volume, measured in K Unit.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "South Korea Diabetes Drugs and Devices Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the South Korea Diabetes Drugs and Devices Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the South Korea Diabetes Drugs and Devices Market?

To stay informed about further developments, trends, and reports in the South Korea Diabetes Drugs and Devices Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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Discover the latest market analysis on Coronary Artery Disease (CAD) Therapeutics. Explore the $XX million market, projected to grow at a CAGR of 7.70% until 2033, driven by aging populations and advancements in treatment. Learn about key players, regional trends, and market segments like statins, beta-blockers, and more.

June 2025
Base Year: 2024
No Of Pages: 234
Price: $4750

Strategic Roadmap for Next Generation Sequencing Software Market Industry

The Next Generation Sequencing (NGS) software market is booming, projected to hit \$10.47 billion by 2025, with a CAGR of 13.43%. Driven by personalized medicine and drug discovery, this market offers lucrative opportunities across hospitals, research, and pharmaceuticals. Explore key trends, leading companies, and regional insights in this comprehensive market analysis.

June 2025
Base Year: 2024
No Of Pages: 234
Price: $4750
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