South Korea Pharmaceutical Analytical Testing Outsourcing Market Size & Outlook
South Korea pharmaceutical analytical testing outsourcing market, 2018-2030 (US$M)
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South Korea pharmaceutical analytical testing outsourcing market highlights
- The South Korea pharmaceutical analytical testing outsourcing market generated a revenue of USD 165.5 million in 2023 and is expected to reach USD 324.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, other testing services was the largest revenue generating services in 2023.
- Bioanalytical Testing is the most lucrative services segment registering the fastest growth during the forecast period.
Pharmaceutical analytical testing outsourcing market data book summary
| Market revenue in 2023 | USD 165.5 million |
| Market revenue in 2030 | USD 324.0 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Other testing services |
| Fastest growing segment | Bioanalytical Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioanalytical Testing, Method Development and Validation, Stability Testing, Other Testing Services |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Intertek Group PLC, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, Charles River Laboratories International Inc, West Pharmaceutical Services Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global pharmaceutical analytical testing outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pharmaceutical analytical testing outsourcing 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 308.7 million by 2030.
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Pharmaceutical Analytical Testing Outsourcing Market Scope
Pharmaceutical Analytical Testing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea pharmaceutical analytical testing outsourcing 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 pharmaceutical analytical testing outsourcing market will help companies and investors design strategic landscapes.
Other testing services was the largest segment with a revenue share of 40.12% in 2023. Horizon Databook has segmented the South Korea pharmaceutical analytical testing outsourcing market based on bioanalytical testing, method development and validation, stability testing, other testing services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea pharmaceutical analytical testing outsourcing market databook
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Our clientele includes a mix of pharmaceutical analytical testing outsourcing 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 pharmaceutical analytical testing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical analytical testing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical analytical testing outsourcing market size, by services, 2018-2030 (US$M)
South Korea Pharmaceutical Analytical Testing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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