Featuring commentary from our Forvis Mazars experts and contributors including Damien Catoir, Servier, and Cédric Moreau, Sofinnova Partners, the report provides a valuable benchmark for sector players looking to navigate a rapidly-evolving landscape.
The Korean pharmaceutical and biotechnology industry shares similar growth directions and challenges with the global market. In particular, Korea is strengthening its global competitiveness through innovation and technology-driven strategies. However, ensuring supply chain stability, enhancing ESG compliance, and accelerating digital transformation will be crucial strategic priorities for sustaining long-term growth in the sector.
Jung Min Lee
Partner, Audit & assurance
Key findings
- Most leaders (98%) in the sector have a positive outlook for their businesses in 2025.
- Increased competition (55%) and supply chain restrictions (47%) are listed as the top factors holding back growth for C-suite executives.
- Economic factors were identified as having the biggest impact on businesses by 39% of leaders, with 37% viewing the emergence of technologies as significant.
Looking ahead, executives have outlined three core strategic priorities for 2025 and beyond: entering new products and services, transformation through company IT and technology, and international expansion.
Explore the full findings and discover how sector leaders are preparing for growth in a complex and competitive environment.