South Korea Cell And Gene Therapy Clinical Trials Market Size & Outlook
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South Korea cell and gene therapy clinical trials market highlights
- The South Korea cell and gene therapy clinical trials market generated a revenue of USD 232.8 million in 2024 and is expected to reach USD 657.8 million by 2033.
- The South Korea market is expected to grow at a CAGR of 11.9% from 2025 to 2033.
- In terms of segment, phase iii was the largest revenue generating phase in 2024.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
Cell and gene therapy clinical trials market data book summary
| Market revenue in 2024 | USD 232.8 million |
| Market revenue in 2033 | USD 657.8 million |
| Growth rate | 11.9% (CAGR from 2025 to 2033) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III, Phase IV |
| Key market players worldwide | IQVIA Holdings Inc, Icon PLC, Labcorp Holdings Inc, Charles River Laboratories International Inc, PAREXEL, Syneos Health, Medpace Holdings Inc, Thermo Fisher Scientific Inc, Veristat, Novotech |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global cell and gene therapy clinical trials market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China cell and gene therapy clinical trials market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,920.3 million by 2033.
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Cell And Gene Therapy Clinical Trials Market Scope
Cell And Gene Therapy Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Novotech | View profile | 1001-5000 | Sydney, New South Wales, Australia, Oceania | http://www.novotech-cro.com/ |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| Veristat | View profile | 501-1000 | London, England, United Kingdom, Europe | http://www.veristat.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Medpace Holdings Inc | View profile | 5800 | 5375 Medpace Way, Cincinnati, OH, United States, 45227 | https://www.medpace.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
South Korea cell and gene therapy clinical trials 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 cell and gene therapy clinical trials market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 62.16% in 2024. Horizon Databook has segmented the South Korea cell and gene therapy clinical trials market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2021 to 2033.
Korea is rapidly becoming recognized as a leader in clinical research, standing as a Top 10 location globally in terms of the number of studies conducted yearly. In December 2018, the Korean government designated 184 medical institutions as qualified clinical trial sites.
South Korea has conducted the highest number of industry-sponsored Cell and Gene Therapy Clinical Trials than any other Asian countries between 2011 & 2018. South Korea saw 2,210 such trials, compared to 1,627 in Australia and 1,585 in Japan over the same period. The country has one of the most efficient clinical trial approvals of 30 working days.
It has a research intensive environment, rapid expenditure on R&D, and advanced IT infrastructure with a highly educated & motivated resources, sites in Korean have established track records in quality as well as efficiency in cell and gene therapy clinical trials.
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Target buyers of South Korea cell and gene therapy clinical trials market databook
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Our clientele includes a mix of cell and gene therapy clinical trials 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 cell and gene therapy clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cell and gene therapy clinical trials market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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South Korea Phase - Cell And Gene Therapy Clinical Trials Market size, 2024 - 2033 (US$M)
South Korea Cell And Gene Therapy Clinical Trials Market Outlook Share, 2024 & 2033 (US$M)
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