South Korea Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
South Korea clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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South Korea clinical trial biorepository & archiving solutions market highlights
- The South Korea clinical trial biorepository & archiving solutions market generated a revenue of USD 86.2 million in 2023 and is expected to reach USD 225.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, biorepository services was the largest revenue generating service in 2023.
- Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial biorepository & archiving solutions market data book summary
| Market revenue in 2023 | USD 86.2 million |
| Market revenue in 2030 | USD 225.3 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | Biorepository services |
| Fastest growing segment | Biorepository Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biorepository Services, Archiving Solution Services |
| Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global clinical trial biorepository & archiving solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China clinical trial biorepository & archiving solutions 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 296.3 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.36% in 2023. Horizon Databook has segmented the South Korea clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.
Clinical trial biorepository & archiving solutions market in South Korea is expected to exhibit gradual growth during the forecast period. South Korea has become one of the top Asian countries for conducting clinical trials owing to the presence of quality clinical research infrastructure. Moreover, the country has recently implemented various protection and safety requirements for clinical trial participants.
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Clinical Trial Biorepository & Archiving Solutions Market Scope
Clinical Trial Biorepository & Archiving Solutions Market Companies
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South Korea clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)
South Korea Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)
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