South Korea Clinical Trials Management System Market Size & Outlook
South Korea clinical trials management system market, 2017-2030 (US$M)
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South Korea clinical trials management system market highlights
- The South Korea clinical trials management system market generated a revenue of USD 34.8 million in 2023 and is expected to reach USD 116.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, web & cloud based was the largest revenue generating delivery mode in 2023.
- Web & Cloud based is the most lucrative delivery mode segment registering the fastest growth during the forecast period.
Clinical trials management system market data book summary
| Market revenue in 2023 | USD 34.8 million |
| Market revenue in 2030 | USD 116.0 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Web & cloud based |
| Fastest growing segment | Web & Cloud based |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Web & Cloud based, On premise |
| Key market players worldwide | IQVIA Holdings Inc, Medidata, Oracle Corp, DATATRAK International Inc, Clario, PAREXEL, Labcorp Holdings Inc, Veeva Systems Inc Class A, Wipro Ltd ADR |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global clinical trials management system 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 trials management system 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 188.6 million by 2030.
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Clinical Trials Management System Market Scope
Clinical Trials Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea clinical trials management system 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 trials management system market will help companies and investors design strategic landscapes.
Web & cloud based was the largest segment with a revenue share of 70.69% in 2023. Horizon Databook has segmented the South Korea clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
The success of research for any pharmaceutical company is frequently dependent on selecting the right country in which to conduct a trial. A few elements that need to be taken into account are patient accessibility, government regulations, and clinical experience.
South Korea has recently seen extraordinary growth in this area. Sponsors typically prefer conducting clinical trials in South Korea owing to the efficiency and high standard of care they receive, according to the Korean National Enterprise for Clinical Trials.
In addition, South Korean healthcare organizations are consistently striving to achieve expanded clinical trial capacity & capabilities and also aid the development of human resources and infrastructure to achieve the aforementioned targets.
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Target buyers of South Korea clinical trials management system market databook
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Our clientele includes a mix of clinical trials management system 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 trials management system market , including forecasts for subscribers. This country databook contains high-level insights into South Korea clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
South Korea Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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