South Korea Cell Reprogramming Market Size & Outlook
South Korea cell reprogramming market, 2018-2030 (US$M)
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South Korea cell reprogramming market highlights
- The South Korea cell reprogramming market generated a revenue of USD 11.1 million in 2023 and is expected to reach USD 19.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, episomal reprogramming was the largest revenue generating technology in 2023.
- MRNA Reprogramming is the most lucrative technology segment registering the fastest growth during the forecast period.
Cell reprogramming market data book summary
| Market revenue in 2023 | USD 11.1 million |
| Market revenue in 2030 | USD 19.9 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Episomal reprogramming |
| Fastest growing segment | MRNA Reprogramming |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sendai Virus-based Reprogramming, MRNA Reprogramming, Episomal Reprogramming |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Bio-Techne Corp, ReproCELL, Lonza Group Ltd, FUJIFILM Holdings Corp, Astellas Pharma Inc, Allele Biotech, Alstem, STEMCELL Technologies |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global cell reprogramming market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cell reprogramming 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 39.3 million by 2030.
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Cell Reprogramming Market Scope
Cell Reprogramming Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea cell reprogramming 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 cell reprogramming market will help companies and investors design strategic landscapes.
Episomal reprogramming was the largest segment with a revenue share of 32.43% in 2023. Horizon Databook has segmented the South Korea cell reprogramming market based on sendai virus-based reprogramming, mrna reprogramming, episomal reprogramming covering the revenue growth of each sub-segment from 2018 to 2030.
The cell reprogramming market in South Korea is anticipated to grow owing to the increasing presence of cell reprogramming companies in the nation. Companies such as Bristol-Myers Squibb Company, bit.bio, and Novo Nordisk A/S regularly undertake business initiatives to expand their reach in the cell reprogramming market.
Moreover, South Korea has regulatory bodies such as National Cancer Centre – Korea (NCC), which undertakes initiatives in the field of cancer recovery. Such factors are ultimately anticipated to boost the national cell reprogramming market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cell reprogramming market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cell reprogramming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cell reprogramming market size, by technology, 2018-2030 (US$M)
South Korea Cell Reprogramming Market Outlook Share, 2023 & 2030 (US$M)
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