South Korea Cell Separation Market Size & Outlook
South Korea cell separation market, 2018-2030 (US$M)
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South Korea cell separation market highlights
- The South Korea cell separation market generated a revenue of USD 205.7 million in 2023 and is expected to reach USD 558.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell separation market data book summary
| Market revenue in 2023 | USD 205.7 million |
| Market revenue in 2030 | USD 558.7 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Thermo Fisher Scientific Inc, BD, Danaher Corp, Terumo Corp, STEMCELL Technologies, Bio-Rad Laboratories Inc, Merck KGaA, Agilent Technologies Inc, Corning Inc, Akadeum Life Sciences |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global cell separation 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 separation 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 1,473.5 million by 2030.
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Cell Separation Market Scope
Cell Separation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea cell separation 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 separation market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 64.71% in 2023. Horizon Databook has segmented the South Korea cell separation market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has an emerging & rapidly growing biopharmaceutical landscape due to an aging population and an increase in health issues. The country has a science and technology park that offers various facilities with a range of services to promote innovation in diverse scientific disciplines.
The park hosts over 110 firms and national research institutions and labs, including TCELS CPU, BIOTEC, & GMP Production Unit for Cell and Gene Therapy. Furthermore, the growing R&D landscape is also supported by institutions such as Biopolis and Center for Medical Genomics, which facilitate research and growth opportunities for emerging companies & research institutions.
Hence, with the growth in the biopharmaceutical and biotechnology industries in the country, demand for tools such as cell separation systems is expected to witness significant growth over the forecast period.
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Our clientele includes a mix of cell separation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cell separation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cell separation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cell separation market size, by product, 2018-2030 (US$M)
South Korea Cell Separation Market Outlook Share, 2023 & 2030 (US$M)
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