South Korea Pharmaceutical Contract Manufacturing And Research Services Market Size & Outlook
South Korea pharmaceutical contract manufacturing and research services market, 2018-2030 (US$M)
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South Korea pharmaceutical contract manufacturing and research services market highlights
- The South Korea pharmaceutical contract manufacturing and research services market generated a revenue of USD 11,699.4 million in 2023 and is expected to reach USD 19,824.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating service in 2023.
- Research is the most lucrative service segment registering the fastest growth during the forecast period.
Pharmaceutical contract manufacturing and research services market data book summary
| Market revenue in 2023 | USD 11,699.4 million |
| Market revenue in 2030 | USD 19,824.6 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Research |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Research |
| Key market players worldwide | Catalent Inc, Pharmaceutical Product Development, AbbVie Inc, Baxter International Inc, Grifols SA Ordinary Shares - Class A, Dalton Pharma Services, Boehringer Ingelheim, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.8% of the global pharmaceutical contract manufacturing and research services 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 contract manufacturing and research services market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,847.7 million by 2030.
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Pharmaceutical Contract Manufacturing And Research Services Market Scope
Pharmaceutical Contract Manufacturing And Research Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea pharmaceutical contract manufacturing and research services 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 contract manufacturing and research services market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 66.07% in 2023. Horizon Databook has segmented the South Korea pharmaceutical contract manufacturing and research services market based on manufacturing, research covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean pharmaceutical sector is witnessing increase in competition. Contract manufacturing sector in the country has exhibited rapid growth over the past 2 years.
The Korean pharmaceutical industry witnessed a 12% boost in its overall competition, as per the 2022 CPHI Annual survey.
Major pharmaceutical companies in South Korea include Kolmar Korea, Chong Kun Dang, Daewoong Pharmaceutical, GC Pharma, Hanmi Pharmaceutical, Yuhan Corp., and Kwang Dong Pharmaceutical.
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Target buyers of South Korea pharmaceutical contract manufacturing and research services market databook
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Our clientele includes a mix of pharmaceutical contract manufacturing and research services 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 contract manufacturing and research services market, including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical contract manufacturing and research services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical contract manufacturing market size, by service, 2018-2030 (US$M)
South Korea Pharmaceutical Contract Manufacturing And Research Services Market Share, 2023 & 2030 (US$M)
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