South Korea Healthcare Contract Manufacturing Market Size & Outlook
South Korea healthcare contract manufacturing market, 2018-2030 (US$M)
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South Korea healthcare contract manufacturing market highlights
- The South Korea healthcare contract manufacturing market generated a revenue of USD 4,312.9 million in 2023 and is expected to reach USD 8,777.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, medical devices was the largest revenue generating type in 2023.
- Medical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare contract manufacturing market data book summary
| Market revenue in 2023 | USD 4,312.9 million |
| Market revenue in 2030 | USD 8,777.9 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Medical devices |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Devices, Pharmaceutical |
| Key market players worldwide | Nordson Corp, Integer Holdings Corp, Jabil Inc, Viant Technology Inc Ordinary Shares - Class A, Flex Ltd, Celestica Inc Ordinary Shares (Subordinate Voting), Sanmina Corp, Plexus Corp, Molex, West Pharmaceutical Services Inc, Catalent Inc, Thermo Fisher Scientific Inc, Recipharm, Boehringer Ingelheim, Lonza Group Ltd, Samsung BioLogics, Wuxi AppTec Co Ltd, FUJIFILM Holdings Corp, Cambrex |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global healthcare contract manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare contract manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 50,493.7 million by 2030.
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Healthcare Contract Manufacturing Market Scope
Healthcare Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea healthcare contract manufacturing 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 healthcare contract manufacturing market will help companies and investors design strategic landscapes.
Medical devices was the largest segment with a revenue share of 52.21% in 2023. Horizon Databook has segmented the South Korea healthcare contract manufacturing market based on medical devices, pharmaceutical covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the largest markets in Asia Pacific region along with Japan, China, and India. The medical device market is dependent on imports as low-end medical devices are manufactured in the country.
High-end medical devices are imported from the North America., Asia and Europe. The medical equipment imports from these three regions account for 60.0% of the total market demand, with the U.S. holding the largest share among the three.
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Target buyers of South Korea healthcare contract manufacturing market databook
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Our clientele includes a mix of healthcare contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea healthcare contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea healthcare contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea healthcare contract manufacturing market size, by type, 2018-2030 (US$M)
South Korea Healthcare Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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