South Korea Automated Liquid Handling Technologies Market Size & Outlook
South Korea automated liquid handling technologies market, 2018-2030 (US$M)
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South Korea automated liquid handling technologies market highlights
- The South Korea automated liquid handling technologies market generated a revenue of USD 49.1 million in 2022 and is expected to reach USD 128.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.8% from 2023 to 2030.
- In terms of segment, automated liquid handling workstations was the largest revenue generating product in 2022.
- Reagents & Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Automated liquid handling technologies market data book summary
| Market revenue in 2022 | USD 49.1 million |
| Market revenue in 2030 | USD 128.5 million |
| Growth rate | 12.8% (CAGR from 2022 to 2030) |
| Largest segment | Automated liquid handling workstations |
| Fastest growing segment | Reagents & Consumables |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automated Liquid Handling Workstations, Reagents & Consumables |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Danaher Corp, Corning Inc, Eppendorf, Formulatrix, Gilson, Beckman Coulter, Lonza Group Ltd, PerkinElmer, Qiagen NV, Tecan Group AG, Mettler-Toledo International Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.6% of the global automated liquid handling technologies market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan automated liquid handling technologies market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 241.6 million by 2030.
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Automated Liquid Handling Technologies Market Scope
Automated Liquid Handling Technologies Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea automated liquid handling technologies 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 automated liquid handling technologies market will help companies and investors design strategic landscapes.
Automated liquid handling workstations was the largest segment with a revenue share of 58.04% in 2022. Horizon Databook has segmented the South Korea automated liquid handling technologies market based on automated liquid handling workstations, reagents & consumables covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing drug development & research in South Korea and growing government funding are key factors driving the country’s automated liquid handling technologies market. According to an article published by Nature Research Custom Media, the Korea Drug Development Fund (KDDF) is an important unit in the region to support R&D.
With a USD 1 billion budget over 9 years, the organization selected over 100 drugs for the development and advancement of laboratories & equipment for efficient research. Since 2011, KDDF has played a crucial role in 34 licensing deals worth USD 4.7 billion.
Approximately 40% of the deals included global companies. In October 2022, GenScript ProBio formed a strategic partnership with GeneCraft to develop and produce AAV gene therapy for cancer. The strategy is expected to enable them to integrate their resources into drug development.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea automated liquid handling technologies market , including forecasts for subscribers. This country databook contains high-level insights into South Korea automated liquid handling technologies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea automated liquid handling technologies market size, by product, 2018-2030 (US$M)
South Korea Automated Liquid Handling Technologies Market Outlook Share, 2022 & 2030 (US$M)
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