South Korea Dna Synthesis Market Size & Outlook, 2023-2030
South Korea dna synthesis market, 2018-2030 (US$M)
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South Korea dna synthesis market highlights
- The South Korea dna synthesis market generated a revenue of USD 77.2 million in 2023 and is expected to reach USD 200.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.6% from 2024 to 2030.
- In terms of segment, oligonucleotide synthesis was the largest revenue generating service type in 2023.
- Gene Synthesis is the most lucrative service type segment registering the fastest growth during the forecast period.
Dna synthesis market data book summary
| Market revenue in 2023 | USD 77.2 million |
| Market revenue in 2030 | USD 200.8 million |
| Growth rate | 14.6% (CAGR from 2023 to 2030) |
| Largest segment | Oligonucleotide synthesis |
| Fastest growing segment | Gene Synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotide Synthesis, Gene Synthesis |
| Key market players worldwide | Thermo Fisher Scientific Inc, Twist Bioscience Corp, Codexis Inc, LGC Group, Eurofins Scientific SE, Genscript Biotech Corp Class H, Bioneer, IBA Lifesciences, Danaher Corp, Quintarabio |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global dna synthesis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China dna synthesis 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 863.2 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea dna synthesis 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 dna synthesis market will help companies and investors design strategic landscapes.
Oligonucleotide synthesis was the largest segment with a revenue share of 55.96% in 2023. Horizon Databook has segmented the South Korea dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits strong potential for R&D capabilities in pharmaceutical and biopharmaceutical sectors, boosting the demand for DNA synthesis in research. Cancer research has become a national priority for the country’s government.
Furthermore, increasing R&D investments by key pharmaceutical companies in South Korea are anticipated to create a lucrative environment for market growth. For instance, in accordance with South Korea's long-term strategy for future digital-biotech sector, in January 2023, the science ministry announced the allocation of KRW 559.4 billion (USD 438.4 million) for core biotechnology R&D.
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Our clientele includes a mix of dna synthesis 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 dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into South Korea dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dna synthesis market report size, by service type, 2018-2030 (US$M)
South Korea DNA Synthesis Market Share, 2023 & 2030 (US$M)
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