South Korea Covid-19 Vaccine Development Tools Market Size & Outlook
South Korea covid-19 vaccine development tools market, 2020-2028 (US$M)
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South Korea covid-19 vaccine development tools market highlights
- The South Korea covid-19 vaccine development tools market generated a revenue of USD 650.4 million in 2020 and is expected to reach USD 1,367.9 million by 2028.
- The South Korea market is expected to grow at a CAGR of 9.7% from 2021 to 2028.
- In terms of segment, laboratory technologies was the largest revenue generating technologies in 2020.
- Online Technologies is the most lucrative technologies segment registering the fastest growth during the forecast period.
Covid-19 vaccine development tools market data book summary
| Market revenue in 2020 | USD 650.4 million |
| Market revenue in 2028 | USD 1,367.9 million |
| Growth rate | 9.7% (CAGR from 2020 to 2028) |
| Largest segment | Laboratory technologies |
| Fastest growing segment | Online Technologies |
| Historical data | 2020 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Technologies, Online Technologies |
| Key market players worldwide | Thermo Fisher Scientific Inc, Pfizer Inc, Sartorius AG, Stemcell Holdings Inc Ordinary Shares, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Merck KGaA, Qiagen NV, Shimadzu Corp, Eurofins Scientific SE, Charles River Laboratories International Inc, Takara Bio Inc, Olympus Corp, Avantor Inc, Aurora Innovation Inc Class A, Standard BioTools Inc, Celerion, Cole-Parmer, Hartford Schroders International Stk I, Revvity Inc, Fluidigm Corporation, Polyplus-transfection, Hamilton Lane Inc Class A |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.1% of the global covid-19 vaccine development tools market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China covid-19 vaccine development tools market is projected to lead the regional market in terms of revenue in 2028.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 955.5 million by 2028.
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COVID-19 Vaccine Development Tools Market Scope
COVID-19 Vaccine Development Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea covid-19 vaccine development tools 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 covid-19 vaccine development tools market will help companies and investors design strategic landscapes.
Laboratory technologies was the largest segment with a revenue share of 95.56% in 2020. Horizon Databook has segmented the South Korea covid-19 vaccine development tools market based on laboratory technologies, online technologies covering the revenue growth of each sub-segment from 2020 to 2028.
South Korea outperforms various countries in terms of handling the COVID-19 pandemic. The region was able to flatten the epidemic curve by following the framework: detection, containment, and treatment. Development of vaccines in South Korea was slow.
For instance, in February 2022, POP Biotechnologies, a biopharma startup, announced the approval of Phase 3 clinical study for EuCorVac19, a COVID-19 vaccine candidate. The vaccine was developed in collaboration with EU Biologics and received financial support from the Korean Ministry of Health and Welfare.
The company employed Spontaneous Nanoliposome Antigen Particularization (SNAP) technology to develop and manufacture highly immunogenic particle-based vaccines. SNAP is a vaccine platform technology that can be applied to any vaccine-related indication.
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Target buyers of South Korea covid-19 vaccine development tools market databook
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Our clientele includes a mix of covid-19 vaccine development tools 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 covid-19 vaccine development tools market , including forecasts for subscribers. This country databook contains high-level insights into South Korea covid-19 vaccine development tools market from 2020 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea covid-19 vaccine development tools market size, by technologies, 2020-2028 (US$M)
South Korea COVID-19 Vaccine Development Tools Market Outlook Share, 2020 & 2028 (US$M)
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