South Korea Pharmaceutical Cleaning Validation Market Size & Outlook
South Korea pharmaceutical cleaning validation market, 2018-2028 (US$M)
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South Korea pharmaceutical cleaning validation market highlights
- The South Korea pharmaceutical cleaning validation market generated a revenue of USD 465.8 million in 2021 and is expected to reach USD 790.6 million by 2028.
- The South Korea market is expected to grow at a CAGR of 7.9% from 2022 to 2028.
- In terms of segment, small molecule drug was the largest revenue generating product in 2021.
- Peptides is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cleaning validation market data book summary
| Market revenue in 2021 | USD 465.8 million |
| Market revenue in 2028 | USD 790.6 million |
| Growth rate | 7.9% (CAGR from 2021 to 2028) |
| Largest segment | Small molecule drug |
| Fastest growing segment | Peptides |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small molecule drug, Peptides, Proteins, Cleaning detergent |
| Key market players worldwide | SUEZ Environnement, Danaher Corp, Teledyne Technologies Inc, SGS AG, Merck KGaA, Intertek Group PLC, Shimadzu Corp, Waters Corp, Avomeen Analytical Services, Lucideon, QPharma, ProPharma Group, Kymos Pharma Services |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global pharmaceutical cleaning validation market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan pharmaceutical cleaning validation market is projected to lead the regional market in terms of revenue in 2028.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,007.3 million by 2028.
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Pharmaceutical Cleaning Validation Market Scope
Pharmaceutical Cleaning Validation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea pharmaceutical cleaning validation 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 cleaning validation market will help companies and investors design strategic landscapes.
Small molecule drug was the largest segment with a revenue share of 46.05% in 2021. Horizon Databook has segmented the South Korea pharmaceutical cleaning validation market based on small molecule drug, peptides, proteins, cleaning detergent covering the revenue growth of each sub-segment from 2018 to 2028.
South Korea pharmaceutical market is undergoing a significant change in size and volume.
The company is attracting domestic and international players and is witnessing increased competitiveness.
Therefore, the growth of pharmaceutical industry is anticipated to contribute to the demand for cleaning validation products and services. It has been attracting numerous investments and opportunities, which has had a positive impact on market growth.
Reasons to subscribe to South Korea pharmaceutical cleaning validation market databook:
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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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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea pharmaceutical cleaning validation market databook
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Our clientele includes a mix of pharmaceutical cleaning validation 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 cleaning validation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical cleaning validation market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical cleaning validation market size, by product, 2018-2028 (US$M)
South Korea Pharmaceutical Cleaning Validation Market Outlook Share, 2021 & 2028 (US$M)
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