South Korea Pharmaceutical Cdmo Market Size & Outlook

The pharmaceutical cdmo market in South Korea is expected to reach a projected revenue of US$ 5,805.4 million by 2030. A compound annual growth rate of 7.4% is expected of South Korea pharmaceutical cdmo market from 2024 to 2030.

Revenue, 2023 (US$M)
$3,519.7
Forecast, 2030 (US$M)
$5,805.4
CAGR, 2024 - 2030
7.4%
Report Coverage
South Korea

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 2023USD 3,519.7 million
Market revenue in 2030USD 5,805.4 million
Growth rate7.4% (CAGR from 2023 to 2030)
Largest segmentApi
Fastest growing segmentAPI
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAPI, Drug Product
Key market players worldwideLonza 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 Companies

Name Profile # Employees HQ Website

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 Pharmaceutical CDMO Product Outlook (Revenue, USD Million, 2018-2030)
    • API
      • Synthetic
        • Solid
        • Liquid
      • Biotech
    • Drug Product
      • Oral Solid Dose
      • Semi-solid Dose
      • Liquid Dose
      • Others
  • South Korea Pharmaceutical CDMO Work Flow Outlook (Revenue, USD Million, 2018-2030)
    • Clinical
    • Commercial
  • South Korea Pharmaceutical CDMO Application Outlook (Revenue, USD Million, 2018-2030)
    • Oncology
      • Small Molecule
      • Biologics
    • Infectious Diseases
    • Neurological Disorders
    • Cardiovascular Diseases
    • Metabolic Disorders
    • Autoimmune Diseases
    • Respiratory Diseases
    • Ophthalmology
    • Gastrointestinal Disorders
    • Hormonal Disorders
    • Hematological Disorders
    • Others

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  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Target buyers of South Korea pharmaceutical cdmo market databook

  • Our clientele includes a mix of pharmaceutical cdmo market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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)

South Korea pharmaceutical cdmo market size, by product, 2018-2030 (US$M)

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