South Korea Bioprocess Validation Market Size & Outlook
South Korea bioprocess validation market, 2018-2030 (US$M)
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South Korea bioprocess validation market highlights
- The South Korea bioprocess validation market generated a revenue of USD 8.9 million in 2023 and is expected to reach USD 15.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, bioprocess residuals testing was the largest revenue generating testing type in 2023.
- Extractables & Leachables Testing is the most lucrative testing type segment registering the fastest growth during the forecast period.
Bioprocess validation market data book summary
| Market revenue in 2023 | USD 8.9 million |
| Market revenue in 2030 | USD 15.0 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Bioprocess residuals testing |
| Fastest growing segment | Extractables & Leachables Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extractables & Leachables Testing, Bioprocess Residuals Testing, Viral Clearance Testing, Filtration & Fermentation Systems Testing |
| Key market players worldwide | Eurofins Scientific SE, Sartorius AG, Merck KGaA, Thermo Fisher Scientific Inc, Lonza Group Ltd, Danaher Corp, Charles River Laboratories International Inc, SGS AG, Labcorp Holdings Inc, Cobetter Filtration |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global bioprocess validation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bioprocess validation 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 61.2 million by 2030.
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Bioprocess Validation Market Scope
Bioprocess Validation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea bioprocess validation 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 bioprocess validation market will help companies and investors design strategic landscapes.
Bioprocess residuals testing was the largest segment with a revenue share of 29.21% in 2023. Horizon Databook has segmented the South Korea bioprocess validation market based on extractables & leachables testing, bioprocess residuals testing, viral clearance testing, filtration & fermentation systems testing covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea bioprocess validation market databook
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Our clientele includes a mix of bioprocess validation 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 bioprocess validation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea bioprocess validation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea bioprocess validation market size, by testing type, 2018-2030 (US$M)
South Korea Bioprocess Validation Market Outlook Share, 2023 & 2030 (US$M)
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