South Korea Small Molecule Innovator Cdmo Market Size & Outlook
South Korea small molecule innovator cdmo market, 2018-2030 (US$M)
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South Korea small molecule innovator cdmo market highlights
- The South Korea small molecule innovator cdmo market generated a revenue of USD 1,790.2 million in 2023 and is expected to reach USD 2,857.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, small molecule api was the largest revenue generating product in 2023.
- Small Molecule API is the most lucrative product segment registering the fastest growth during the forecast period.
Small molecule innovator cdmo market data book summary
| Market revenue in 2023 | USD 1,790.2 million |
| Market revenue in 2030 | USD 2,857.1 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule api |
| Fastest growing segment | Small Molecule API |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule API, Small Molecule Drug Product |
| Key market players worldwide | Wuxi AppTec Co Ltd, EQT Corp, Thermo Fisher Scientific Inc, Lonza Group Ltd, Catalent Inc, Siegfried Holding AG, Boehringer Ingelheim, Labcorp Holdings Inc, Piramal Pharma Solutions, CordenPharma, Cambrex |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.7% of the global small molecule innovator cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India small molecule innovator cdmo 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 8,881.8 million by 2030.
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Small Molecule Innovator CDMO Market Scope
Small Molecule Innovator CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea small molecule innovator 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 small molecule innovator cdmo market will help companies and investors design strategic landscapes.
Small molecule api was the largest segment with a revenue share of 61.66% in 2023. Horizon Databook has segmented the South Korea small molecule innovator cdmo market based on small molecule api, small molecule drug product covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing support of the Korean government for R&D initiatives in the pharmaceutical industry is one of the major factors anticipated to boost the market. For instance, in April 2023, Freyr Solutions stated that since 2013.
The Korean government has established and is promoting a comprehensive 5- year plan as the country has recognized the pharmaceutical industry as a future growth engine.
In the 5- year plan by the Ministry of ICT and Science, the country plans to expand its presence in the global biotech market from its current share of 1.7% to 5% by 2025.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea small molecule innovator cdmo market , including forecasts for subscribers. This country databook contains high-level insights into South Korea small molecule innovator cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea small molecule innovator cdmo market size, by product, 2018-2030 (US$M)
South Korea Small Molecule Innovator CDMO Market Outlook Share, 2023 & 2030 (US$M)
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