South Korea Medical Device Design And Development Services Market Size & Outlook
The medical device design and development services market in South Korea is expected to reach a projected revenue of US$ 437.7 million by 2030. A compound annual growth rate of 13% is expected of South Korea medical device design and development services market from 2024 to 2030.
Revenue, 2023 (US$M)
$186.2
Forecast, 2030 (US$M)
$437.7
CAGR, 2024 - 2030
13%
Report Coverage
South Korea
South Korea medical device design and development services market, 2018-2030 (US$M)
Related Markets
South Korea medical device design and development services market highlights
- The South Korea medical device design and development services market generated a revenue of USD 186.2 million in 2023 and is expected to reach USD 437.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, designing & engineering was the largest revenue generating services in 2023.
- Packaging is the most lucrative services segment registering the fastest growth during the forecast period.
Medical device design and development services market data book summary
| Market revenue in 2023 | USD 186.2 million |
| Market revenue in 2030 | USD 437.7 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Designing & engineering |
| Fastest growing segment | Packaging |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Designing & Engineering, Machining, Molding, Packaging |
| Key market players worldwide | Ximedica, Jabil Inc, Flex Ltd, Plexus Corp, Nordson Corp, Celestica Inc Ordinary Shares (Subordinate Voting) |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global medical device design and development 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 medical device design and development services 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 2,043.0 million by 2030.
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Medical Device Design And Development Services Market Scope
Medical device design and development services market segmentation & scope
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Medical Device Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea medical device design and development services market size, by services, 2018-2030 (US$M)
South Korea Medical Device Design And Development Services Market Outlook Share, 2023 & 2030 (US$M)
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