Market revenue in 2024 | USD 65.9 million |
Market revenue in 2030 | USD 139.6 million |
Growth rate | 11.1% (CAGR from 2024 to 2030) |
Largest segment | Data management |
Fastest growing segment | Regulatory and Compliance Management |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Data Management, Training management, Supplier management, Regulatory and Compliance Management, Corrective Action Preventive Action (CAPA) Management, Audit Management, Change Management, Non-Conformances Management, Inspection Management, Risk Management |
Key market players worldwide | AmpleLogic, Qualio, Qualityze Inc, Aura Quality Management, SimplerQMS, Dassault Systemes SE, IQVIA Holdings Inc, MasterControl, QT9 Software, Honeywell International Inc, AssurX, Hexagon AB ADR, Veeva Systems Inc Class A, Ideagen |
Data management was the largest segment with a revenue share of 17.3% in 2024. Horizon Databook has segmented the South Korea life sciences quality management software market based on data management, training management, supplier management, regulatory and compliance management, corrective action preventive action (capa) management, audit management, change management, non-conformances management, inspection management, risk management covering the revenue growth of each sub-segment from 2018 to 2030.
The rise of digital transformation within the healthcare and pharmaceutical industries in South Korea drive the innovation in QMS technologies. Companies are engaged in strategic alliances to leverage cloud-based solutions that offer scalability, flexibility, and real-time data access, enhancing operational efficiency and improving collaboration across departments.
In October 2023, South Korea’s SK Bioscience acquired the Germany’s contract development and manufacturing organization (CDMO) IDT Biologika.
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