South Korea Immunohistochemistry Market Size & Outlook
South Korea immunohistochemistry market, 2018-2030 (US$M)
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South Korea immunohistochemistry market highlights
- The South Korea immunohistochemistry market generated a revenue of USD 57.6 million in 2023 and is expected to reach USD 94.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, antibodies was the largest revenue generating product in 2023.
- Antibodies is the most lucrative product segment registering the fastest growth during the forecast period.
Immunohistochemistry market data book summary
| Market revenue in 2023 | USD 57.6 million |
| Market revenue in 2030 | USD 94.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Antibodies |
| Fastest growing segment | Antibodies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antibodies, Reagents, Equipment, Kits |
| Key market players worldwide | Thermo Fisher Scientific Inc, Roche Holding AG, Merck KGaA, Danaher Corp, PerkinElmer, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Abcam PLC, Cell Signaling Technology, Bio SB |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global immunohistochemistry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan immunohistochemistry 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 228.3 million by 2030.
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Immunohistochemistry Market Scope
Immunohistochemistry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea immunohistochemistry 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 immunohistochemistry market will help companies and investors design strategic landscapes.
Antibodies was the largest segment with a revenue share of 41.84% in 2023. Horizon Databook has segmented the South Korea immunohistochemistry market based on antibodies, reagents, equipment, kits covering the revenue growth of each sub-segment from 2018 to 2030.
As per NCBI, the prevalence of diabetes in South Korea has increased from 8.6% in 2001 to 13.7% in 2016. Moreover, as per World Bank, the South Korean government spent 7.3% of its GDP on healthcare in 2016, which has helped promote R&D in healthcare.
The cancer rate in the country is also high; as per World Cancer Research Fund, in 2018, South Korea was among the top 15 countries with high cancer risk. According to Globocan, in 2018, around 277,075 new cases of cancer were diagnosed in South Korea. The aforementioned factors are anticipated to drive demand for IHC solutions in South Korea over the forecast period.
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Target buyers of South Korea immunohistochemistry market databook
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Our clientele includes a mix of immunohistochemistry 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 immunohistochemistry market , including forecasts for subscribers. This country databook contains high-level insights into South Korea immunohistochemistry market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea immunohistochemistry market size, by product, 2018-2030 (US$M)
South Korea Immunohistochemistry Market Outlook Share, 2023 & 2030 (US$M)
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