South Korea Pharmaceutical Cdmo Market Size & Outlook
South Korea pharmaceutical cdmo market, 2018-2030 (US$M)
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South Korea pharmaceutical cdmo market highlights
- The South Korea pharmaceutical cdmo market generated a revenue of USD 3,519.7 million in 2023 and is expected to reach USD 5,805.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, api was the largest revenue generating product in 2023.
- API is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cdmo market data book summary
| Market revenue in 2023 | USD 3,519.7 million |
| Market revenue in 2030 | USD 5,805.4 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Api |
| Fastest growing segment | API |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API, Drug Product |
| Key market players worldwide | Lonza Group Ltd, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Catalent Inc, Wuxi AppTec Co Ltd, Siegfried Holding AG, Nipro Corp, Piramal Pharma Solutions, Recipharm Venture Fund, CordenPharma, Cambrex, Bushu Pharmaceuticals, Seqens |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global pharmaceutical cdmo 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 cdmo 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 30,630.9 million by 2030.
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Pharmaceutical CDMO Market Scope
Pharmaceutical CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea pharmaceutical cdmo 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 cdmo market will help companies and investors design strategic landscapes.
Api was the largest segment with a revenue share of 80.83% in 2023. Horizon Databook has segmented the South Korea pharmaceutical cdmo market based on api, drug product covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is positioned as the world's tenth-largest pharmaceutical market, which is identified as a significant driver for the country's prospective economic expansion. The government has actively promoted local manufacturing of medicines, increasing the number of domestic pharmaceutical companies in the market in South Korea.
This governmental support is anticipated to further propel the growth of the domestic pharmaceutical industry. Furthermore, key pharmaceutical companies are collaborating with local players to expand their market presence & strengthen their contract manufacturing capabilities in South Korea.
Reasons to subscribe to South Korea pharmaceutical cdmo market databook:
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Target buyers of South Korea pharmaceutical cdmo market databook
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Our clientele includes a mix of pharmaceutical cdmo 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 cdmo market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical cdmo market size, by product, 2018-2030 (US$M)
South Korea Pharmaceutical CDMO Market Outlook Share, 2023 & 2030 (US$M)
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