South Korea Clinical Trial Patient Recruitment Services Market Size & Outlook
South Korea clinical trial patient recruitment services market, 2018-2030 (US$M)
Related Markets
South Korea clinical trial patient recruitment services market highlights
- The South Korea clinical trial patient recruitment services market generated a revenue of USD 24.2 million in 2023 and is expected to reach USD 45.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
Clinical trial patient recruitment services market data book summary
| Market revenue in 2023 | USD 24.2 million |
| Market revenue in 2030 | USD 45.6 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III, Phase IV |
| Key market players worldwide | Thermo Fisher Scientific Inc, IQVIA Holdings Inc, Clara Health, Antidote Health, BBK Worldwide, Clariness, Costas Inc, Worldwide Clinical Trials, Veristat, Elligo Health Research |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.7% of the global clinical trial patient recruitment services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China clinical trial patient recruitment services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 29.5 million by 2030.
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Clinical Trial Patient Recruitment Services Market Scope
Clinical Trial Patient Recruitment Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea clinical trial patient recruitment services 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 clinical trial patient recruitment services market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 57.44% in 2023. Horizon Databook has segmented the South Korea clinical trial patient recruitment services market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is a prominent destination for clinical trials in the Asia Pacific, with its superior medical infrastructure, highly educated medical personnel, and wide patient pool. In addition, increasing government support has led to an increase in the number of opportunities for drug development companies.
For instance, in April 2020, the Ministry of Food and Drug Safety announced a 5-year plan for the advancement of clinical trials in South Korea. This plan was launched to enhance clinical trial management by 2023.
The plan included three strategies, which involved improving international competitiveness in clinical trials, developing a clinical trial safety management system, and expanding treatment opportunities & communication systems for patients.
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Target buyers of South Korea clinical trial patient recruitment services market databook
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Our clientele includes a mix of clinical trial patient recruitment services 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea clinical trial patient recruitment services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea clinical trial patient recruitment services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea clinical trial patient recruitment services market size, by phase, 2018-2030 (US$M)
South Korea Clinical Trial Patient Recruitment Services Market Outlook Share, 2023 & 2030 (US$M)
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