South Korea Ai-based Clinical Trials Solution Provider Market Size & Outlook
South Korea ai-based clinical trials solution provider market, 2018-2030 (US$M)
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South Korea ai-based clinical trials solution provider market highlights
- The South Korea ai-based clinical trials solution provider market generated a revenue of USD 68.6 million in 2021 and is expected to reach USD 569.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.5% from 2022 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic applications in 2021.
- CVD is the most lucrative therapeutic applications segment registering the fastest growth during the forecast period.
Ai-based clinical trials solution provider market data book summary
| Market revenue in 2021 | USD 68.6 million |
| Market revenue in 2030 | USD 569.6 million |
| Growth rate | 26.5% (CAGR from 2021 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | CVD |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, CVD, Neurological Diseases or conditions, Metabolic diseases, Infectious diseases |
| Key market players worldwide | The Carlyle Group Inc, Mendel.ai, Median Technologies, SAI.TECH Global Corp, Alphabet Inc Class A, Exscientia PLC ADR |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.2% of the global ai-based clinical trials solution provider market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ai-based clinical trials solution provider market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 123.2 million by 2030.
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AI-based Clinical Trials Solution Provider Market Scope
AI-based Clinical Trials Solution Provider Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea ai-based clinical trials solution provider market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai-based clinical trials solution provider market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 23.18% in 2021. Horizon Databook has segmented the South Korea ai-based clinical trials solution provider market based on oncology, cvd, neurological diseases or conditions, metabolic diseases, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is rapidly becoming recognized as a leader in clinical research, technological advancements, and adoption of better solutions for enhanced clinical trials. Development of better solutions by local players and various strategic initiatives undertaken by local & international players for improving clinical outcomes are among factors anticipated to fuel market growth.
The country has one of the most efficient clinical trial approval processes of 30 working days. Presence of research-intensive environment, high expenditure on R&D, and availability of advanced IT infrastructure with highly educated & motivated resources and sites in Korea, which enhance quality & efficiency in clinical trials, are expected to fuel market growth.
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Target buyers of South Korea ai-based clinical trials solution provider market databook
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Our clientele includes a mix of ai-based clinical trials solution provider market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ai-based clinical trials solution provider market, including forecasts for subscribers. This country databook contains high-level insights into South Korea ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea artificial intelligence based clinical trials solution provider market size, by therapeutic applications, 2018-2030 (US$M)
South Korea AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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