South Korea Medical Device Outsourcing Market Size & Outlook
- HC Outsourcing
- Clinical & Non-Clinical Outsourcing Services
- Medical Device Outsourcing Market Outlook
- Clinical & Non-Clinical Outsourcing Services
Global Market
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South Korea medical device outsourcing market highlights
- The South Korea medical device outsourcing market generated a revenue of USD 2,881.9 million in 2025 and is expected to reach USD 8,514.8 million by 2033.
- The South Korea market is expected to grow at a CAGR of 14.8% from 2026 to 2033.
- In terms of segment, cardiology was the largest revenue generating application in 2025.
- General & Plastic Surgery is the most lucrative application segment registering the fastest growth during the forecast period.
Medical device outsourcing market data book summary
| Market revenue in 2025 | USD 2,881.9 million |
| Market revenue in 2033 | USD 8,514.8 million |
| Growth rate | 14.8% (CAGR from 2026 to 2033) |
| Largest segment | Cardiology |
| Fastest growing segment | General & Plastic Surgery |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiology, Diagnostic imaging, Orthopedic, IVD, Ophthalmic, General & Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care, Other Application |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Pace Analytical Services, Intertek Group PLC, Wuxi AppTec Co Ltd, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, Medical Device Testing Services, FREYR Battery Inc, PAREXEL, Accell, Genpact Ltd, Criterium Inc., Promedica International, Medpace Holdings Inc, Icon PLC, IQVIA Holdings Inc, Integer Holdings Corp, Tecomet, Jabil Inc, Flex Ltd, Celestica Inc Ordinary Shares (Subordinate Voting), Sanmina Corp, Plexus Corp, Molex, Steris PLC, West Pharmaceutical Services Inc, NAMSA, TUV SUD, RJR Consulting, Mandala International, Global Regulatory Partners, Emergo Group, BioTeknica Engineering & Regulatory Services |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global medical device outsourcing market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China medical device outsourcing market is projected to lead the regional market in terms of revenue in 2033.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,919.1 million by 2033.
The country has several high-tech manufacturing facilities as well as research infrastructure. The cost of manufacturing and development of medical devices is quite less in the country as compared to developed economies. This is expected to boost the demand for the manufacturing and development of medical devices in South Korea.
South Korea is a prominent destination for clinical trials in Asia, with its superior medical infrastructure and a highly educated, relatively healthy & wealthy population. The government support in the country for developing a robust clinical trial environment is anticipated to contribute to the demand for clinical trial application services, thereby contributing to market growth.
In 2019, the country adopted the Five-year Plan for the Advancement of Clinical Trial to establish the country as a leading clinical trial destination globally. The adoption of such practices in the country by the government is expected to increase clinical studies in the country, thus supporting the market in South Korea.
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Publish Date: Jan 15, 2026
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Medical Device Outsourcing Market Scope
Medical Device Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Steris PLC | View profile | 17,100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | www.steris-ir.com |
| Sotera Health Co Ordinary Shares | View profile | 3,000 | 9100 South Hills Boulevard, Suite 300, Broadview Heights, OH, United States, 44147 | investors.soterahealth.com |
| Eurofins Scientific SE | View profile | 61,798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | www.eurofins.com |
| Charles River Laboratories International Inc | View profile | 21,400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | www.criver.com |
| West Pharmaceutical Services Inc | View profile | 10,600 | 530 Herman O. West Drive, Exton, PA, United States, 19341-1147 | www.westpharma.com |
| Labcorp Holdings Inc | View profile | 67,000 | 358 South Main Street, Burlington, NC, United States, 27215 | www.labcorp.com |
| Flex Ltd | View profile | 148,115 | 2 Changi South Lane, Singapore, Singapore, 486123 | www.flex.com |
| Jabil Inc | View profile | 236,000 | 10800 Roosevelt Boulevard North, Saint Petersburg, FL, United States, 33716 | www.jabil.com |
| Plexus Corp | View profile | 25,000 | One Plexus Way, P.O. Box 156, Neenah, WI, United States, 54957 | www.plexus.com |
| Celestica Inc Ordinary Shares (Subordinate Voting) | View profile | 26,554 | 5140 Yonge Street, Suite 1900, Toronto, ON, Canada, M2N 6L7 | www.celestica.com |
South Korea Medical Device Outsourcing 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 Medical Device Outsourcing Market Outlook will help companies and investors design strategic landscapes.
Cardiology was the largest segment with a revenue share of 26.06% in 2025.
Horizon Databook has segmented the South Korea medical device outsourcing market based on cardiology, diagnostic imaging, orthopedic, ivd, ophthalmic, general & plastic surgery, drug delivery, dental, endoscopy, diabetes care, other application covering the revenue growth of each sub-segment from 2021 to 2033.
The country has several high-tech manufacturing facilities as well as research infrastructure. The cost of manufacturing and development of medical devices is quite less in the country as compared to developed economies. This is expected to boost the demand for the manufacturing and development of medical devices in South Korea.
South Korea is a prominent destination for clinical trials in Asia, with its superior medical infrastructure and a highly educated, relatively healthy & wealthy population. The government support in the country for developing a robust clinical trial environment is anticipated to contribute to the demand for clinical trial application services, thereby contributing to market growth.
In 2019, the country adopted the Five-year Plan for the Advancement of Clinical Trial to establish the country as a leading clinical trial destination globally. The adoption of such practices in the country by the government is expected to increase clinical studies in the country, thus supporting the market in South Korea.
- South Korea Medical Device Outsourcing Market Application Outlook (Revenue, USD Million , 2021-2033)
- Cardiology
- Diagnostic imaging
- Orthopedic
- IVD
- Ophthalmic
- General & Plastic Surgery
- Drug Delivery
- Dental
- Endoscopy
- Diabetes Care
- Other Application
- South Korea Medical Device Outsourcing Market Services Outlook (Revenue, USD Million , 2021-2033)
- Quality Assurance Services
- Regulatory Consulting Services
- Product Design & Development Services
- Product Testing & Sterilization Services
- Product Implementation Services
- Product Upgrade Services
- Product Maintenance Services
- Contract Manufacturing Services
- South Korea Medical Device Outsourcing Market Class Type Outlook (Revenue, USD Million , 2021-2033)
- Class I
- Class II
- Class III
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Medical Device Outsourcing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Medical Device Outsourcing Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Medical Device Outsourcing Market, 2021-2033 (US$M)
South Korea Application - Medical Device Outsourcing Market Statistics, 2025 - 2033 (US$M)
