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)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

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 2023USD 186.2 million
Market revenue in 2030USD 437.7 million
Growth rate13% (CAGR from 2023 to 2030)
Largest segmentDesigning & engineering
Fastest growing segmentPackaging
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDesigning & Engineering, Machining, Molding, Packaging
Key market players worldwideXimedica, 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Medical Device Design And Development Services Market Scope

Medical device design and development services market segmentation & scope

Medical Device Design And Development Services Market Companies

Name Profile # Employees HQ Website

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)

South Korea medical device design and development services market size, by services, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more