South Korea Medical Device Outsourcing Market to 2032
Overview
The South Korea Medical Device Outsourcing Market is expected to reach a 4.67 USD Billion by 2032 and is projected to grow at a CAGR of 20.90% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.54
Forecast, 2032 (USD Billion)
4.67
CAGR, 2024 - 2032
20.90%
Report Coverage
South Korea
South Korea Medical Device Outsourcing Market 2018-2032 USD Billion
South Korea Medical Device Outsourcing Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.54 USD Billion
- Projected Market Size (2032): 4.67 USD Billion
- CAGR (2025-2032): 20.90%
Key Findings of South Korea Medical Device Outsourcing Market
- The South Korea Medical Device Outsourcing Market was valued at 1.54 USD Billion in 2024.
- The South Korea Medical Device Outsourcing Market is likely to grow at a CAGR of 20.90% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Finished Goods in Product Segment accounted for the largest share of the market with a revenue of 1.12 USD Billion
- The fastest growing segment Contract Manufacturing in Services Segment grew Fastest with a CAGR of 23.33% during the forecast period from 2024 to 2032.
South Korea Medical Device Outsourcing Market Scope
South Korea Medical Device Outsourcing Market Segmentation & Scope
Services
- Materials And Chemical Characterization
- Medical Electrical Equipment Services
- Raw Material Services
- Product Maintenance Services
- Product Upgrade Services
- Product Implementation Services
- Product Testing And Sterilization Services
- Product Design And Development Services
- Regulatory Affairs Services
- Quality Assurance
- Contract Manufacturing
Application
- Others
- Diabetic Care
- Endoscopy
- Dental
- Drug Delivery
- General and Plastic Surgery
- Opthalmic
- IVD
- Orthopedic
- Diagnostic Imaging
- Cardiology
End User
- Large Medical Device Company
- Medium Medical Device Company
- Small Medical Device Company
Device Type
- Class III
- Class II
- Class I
Product
- Raw Material
- Electronics
- Finished Goods
South Korea Medical Device Outsourcing Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.54 USD Billion |
| Market Value in 2032 | 4.67 USD Billion |
| CAGR (2025-2032) | 20.90% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Services,Application,End User,Device Type,Product |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 1.54 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 1,541.64 USD Million in 2024.
Segments and Scope
-
South Korea Medical Device Outsourcing Market to 2032, By Services
- Contract Manufacturing is the largest segment in South Korea Medical Device Outsourcing Market to 2032 with a revenue of 424.11 USD Billion in the year 2024.
- Contract Manufacturing is the Fastest growing segment in South Korea Medical Device Outsourcing Market to 2032 with a Growth rate of 23.33 % in forecast period 2025-2032.
-
South Korea Medical Device Outsourcing Market to 2032, By Application
- Cardiology is the largest segment in South Korea Medical Device Outsourcing Market to 2032 with a revenue of 564.26 USD Billion in the year 2024.
- Cardiology is the Fastest growing segment in South Korea Medical Device Outsourcing Market to 2032 with a Growth rate of 23.14 % in forecast period 2025-2032.
-
South Korea Medical Device Outsourcing Market to 2032, By End User
- Small Medical Device Company is the largest segment in South Korea Medical Device Outsourcing Market to 2032 with a revenue of 1.09 USD Billion in the year 2024.
- Small Medical Device Company is the Fastest growing segment in South Korea Medical Device Outsourcing Market to 2032 with a Growth rate of 21.10 % in forecast period 2025-2032.
-
South Korea Medical Device Outsourcing Market to 2032, By Device Type
- Class I is the largest segment in South Korea Medical Device Outsourcing Market to 2032 with a revenue of 1.05 USD Billion in the year 2024.
- Class I is the Fastest growing segment in South Korea Medical Device Outsourcing Market to 2032 with a Growth rate of 21.09 % in forecast period 2025-2032.
-
South Korea Medical Device Outsourcing Market to 2032, By Product
- Finished Goods is the largest segment in South Korea Medical Device Outsourcing Market to 2032 with a revenue of 1.12 USD Billion in the year 2024.
- Finished Goods is the Fastest growing segment in South Korea Medical Device Outsourcing Market to 2032 with a Growth rate of 21.06 % in forecast period 2025-2032.
South Korea Medical Device Outsourcing Market Company Share Analysis
| Company Name |
|
||
| IQVIA | |||
| Integer Holdings Corporation | |||
| Intertek Group plc | |||
| Labcorp Drug Development | |||
| Syneos Health | |||
South Korea Medical Device Outsourcing Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Medical Device Outsourcing Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Medical Device Outsourcing Market is segmented based on Segmentation Services,Application,End User,Device Type,Product.
South Korea Medical Device Outsourcing Market was valued at USD 1.54(Revenue in USD Billion) in 2021.
South Korea Medical Device Outsourcing Market is projected to grow at a CAGR of 20.90% during the forecast period of 2024 to 2032.
The Finished Goods segment is expected to dominate the South Korea Medical Device Outsourcing Market, holding a largest market share of 1.12 USD Billion in 2024
South Korea Medical Device Outsourcing Market Scope
South Korea Medical Device Outsourcing Market Segmentation & Scope
Services
- Materials And Chemical Characterization
- Medical Electrical Equipment Services
- Raw Material Services
- Product Maintenance Services
- Product Upgrade Services
- Product Implementation Services
- Product Testing And Sterilization Services
- Product Design And Development Services
- Regulatory Affairs Services
- Quality Assurance
- Contract Manufacturing
Application
- Others
- Diabetic Care
- Endoscopy
- Dental
- Drug Delivery
- General and Plastic Surgery
- Opthalmic
- IVD
- Orthopedic
- Diagnostic Imaging
- Cardiology
End User
- Large Medical Device Company
- Medium Medical Device Company
- Small Medical Device Company
Device Type
- Class III
- Class II
- Class I
Product
- Raw Material
- Electronics
- Finished Goods
Frequently Asked Questions
The South Korea Medical Device Outsourcing Market is segmented based on Segmentation Services,Application,End User,Device Type,Product.
South Korea Medical Device Outsourcing Market was valued at USD 1.54(Revenue in USD Billion) in 2021.
South Korea Medical Device Outsourcing Market is projected to grow at a CAGR of 20.90% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Medical Device Outsourcing Market for final year is USD 4.67 (USD Billion).
South Korea Medical Device Outsourcing Market Company Profiling
Frequently Asked Questions
The South Korea Medical Device Outsourcing Market is segmented based on Segmentation Services,Application,End User,Device Type,Product.
South Korea Medical Device Outsourcing Market was valued at USD 1.54(Revenue in USD Billion) in 2021.
South Korea Medical Device Outsourcing Market is projected to grow at a CAGR of 20.90% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Medical Device Outsourcing Market for final year is USD 4.67 (USD Billion).
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