South Korea Eclinical Solutions Market Size & Outlook
South Korea eclinical solutions market, 2018-2030 (US$M)
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South Korea eclinical solutions market highlights
- The South Korea eclinical solutions market generated a revenue of USD 607.5 million in 2023 and is expected to reach USD 1,749.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.3% from 2024 to 2030.
- In terms of segment, ctms was the largest revenue generating product in 2023.
- ECOA is the most lucrative product segment registering the fastest growth during the forecast period.
Eclinical solutions market data book summary
| Market revenue in 2023 | USD 607.5 million |
| Market revenue in 2030 | USD 1,749.7 million |
| Growth rate | 16.3% (CAGR from 2023 to 2030) |
| Largest segment | Ctms |
| Fastest growing segment | ECOA |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ECOA, EDC & CDMS, Clinical Analytics Platforms, Clinical Data Integration Platforms, Safety solutions, CTMS, RTSM, ETMF, EConsent |
| Key market players worldwide | DATATRAK International Inc, Oracle Corp, PAREXEL, Dassault Systemes SE, Signant Health, Clario, eClinicalWorks, International Business Machines Corp, IQVIA Holdings Inc, Veeva Systems Inc Class A, Anju Software, MaxisIT Inc., Castor |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.4% of the global eclinical solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan eclinical solutions 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 1,612.5 million by 2030.
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EClinical Solutions Market Scope
EClinical Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea eclinical solutions 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 eclinical solutions market will help companies and investors design strategic landscapes.
Ctms was the largest segment with a revenue share of 20.38% in 2023. Horizon Databook has segmented the South Korea eclinical solutions market based on ecoa, edc & cdms, clinical analytics platforms, clinical data integration platforms, safety solutions, ctms, rtsm, etmf, econsent covering the revenue growth of each sub-segment from 2018 to 2030.
Korea is anticipated to grow at a significant rate during the forecast period. This constant rate is attributable to high growth prospects of Korea emerging as a lucrative destination for conducting clinical trials. The increasing preference is believed to be a result of low associated costs and limited complications.
The probable increase in clinical trials is believed to raise the demand for eClinical solutions across this region. For instance, Korea’s Good Clinical Practice guidelines (GCP) have been consistently implemented and harmonized with ICP GCP, thus ensuring a good degree of standardization.
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Target buyers of South Korea eclinical solutions market databook
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Our clientele includes a mix of eclinical solutions 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 eclinical solutions market , including forecasts for subscribers. This country databook contains high-level insights into South Korea eclinical solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea eclinical solutions market size, by product, 2018-2030 (US$M)
South Korea EClinical Solutions Market Outlook Share, 2023 & 2030 (US$M)
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