South Korea Biobank Market Size & Outlook, 2023-2030
South Korea biobank market, 2018-2030 (US$M)
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South Korea biobank market highlights
- The South Korea biobank market generated a revenue of USD 1,397.5 million in 2023 and is expected to reach USD 3,134.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, biobanking equipment was the largest revenue generating product in 2023.
- LIMS is the most lucrative product segment registering the fastest growth during the forecast period.
Biobank market data book summary
| Market revenue in 2023 | USD 1,397.5 million |
| Market revenue in 2030 | USD 3,134.3 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Biobanking equipment |
| Fastest growing segment | LIMS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biobanking Equipment, Biobanking Consumables, LIMS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Qiagen NV, Booz Allen Hamilton Holding Corp Class A, Tecan Group AG, Danaher Corp, Becton Dickinson & Co, Taylor-Wharton, Charles River Laboratories International Inc, Lonza Group Ltd, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global biobank market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biobank 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 2,169.0 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea biobank 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 biobank market will help companies and investors design strategic landscapes.
Biobanking equipment was the largest segment with a revenue share of 76.98% in 2023. Horizon Databook has segmented the South Korea biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, the National Biobank of Korea formed the Human Biobank Information System Sample, a management system for the collection, storage, and distribution of human samples. The system was used by over 60 human biobanks in South Korea as of 2020.
The country also has the Korea Biobank Network established under the Korea Centers for Disease Control and Prevention, which undertakes biobanking sample collection and management activities. Prominent biobanks in the country include Korean National Tissue Bank and Korea National Research Resource Center Seoul.
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Target buyers of South Korea biobank market databook
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Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea biobank market , including forecasts for subscribers. This country databook contains high-level insights into South Korea biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea biobank market size, by product, 2018-2030 (US$M)
South Korea Biobank Market Outlook Share, 2023 & 2030 (US$M)
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