South Korea Clinical Trial Supply & Logistics Market Size & Outlook
South Korea clinical trial supply & logistics market, 2018-2030 (US$M)
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South Korea clinical trial supply & logistics market highlights
- The South Korea clinical trial supply & logistics market generated a revenue of USD 66.6 million in 2023 and is expected to reach USD 111.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, logistics & distribution was the largest revenue generating service in 2023.
- Logistics & distribution is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial supply & logistics market data book summary
| Market revenue in 2023 | USD 66.6 million |
| Market revenue in 2030 | USD 111.7 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Logistics & distribution |
| Fastest growing segment | Logistics & distribution |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Logistics & distribution, Storage & retention, Packaging, labeling and blinding, Manufacturing, Comparator sourcing, Other services (solutions, ancillary supply) |
| Key market players worldwide | Thermo Fisher Scientific Inc, Catalent Inc, PAREXEL, Almac Group, Piramal Pharma Solutions, DHL Group, FedEx Corp, UDG Healthcare, Marken, Walden Group, PCI Pharma Services |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global clinical trial supply & logistics 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 supply & logistics market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 281.1 million by 2030.
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Clinical Trial Supply & Logistics Market Scope
Clinical Trial Supply & Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea clinical trial supply & logistics 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 supply & logistics market will help companies and investors design strategic landscapes.
Logistics & distribution was the largest segment with a revenue share of 25.38% in 2023. Horizon Databook has segmented the South Korea clinical trial supply & logistics market based on logistics & distribution, storage & retention, packaging, labeling and blinding, manufacturing, comparator sourcing, other services (solutions, ancillary supply) covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea clinical trial supply and logistics market has grown rapidly over the last 10 years. In this period, many of the major pharmaceutical players entered Seoul seeking access to the country’s broad patient pool.
Moreover, local South Korean pharmaceutical players started focusing on developing new drugs of their own, as the government is supporting the life sciences industry. The country has one of the most efficient clinical trial approval processes of 30 working days.
It has a research-intensive environment, advanced IT infrastructure with highly educated & motivated resources, and rapid expenditure on R&D. Sites in Korea have established track records in quality as well as efficiency in clinical trials.
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Target buyers of South Korea clinical trial supply & logistics market databook
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Our clientele includes a mix of clinical trial supply & logistics 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 clinical trial supply & logistics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea clinical trial supply & logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea clinical trial supply & logistics market size, by service, 2018-2030 (US$M)
South Korea Clinical Trial Supply & Logistics Market Outlook Share, 2023 & 2030 (US$M)
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