South Korea Life Science Analytics Market Size & Outlook
South Korea life science analytics market, 2018-2030 (US$M)
Related Markets
South Korea life science analytics market highlights
- The South Korea life science analytics market generated a revenue of USD 439.6 million in 2023 and is expected to reach USD 1,104.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Life science analytics market data book summary
| Market revenue in 2023 | USD 439.6 million |
| Market revenue in 2030 | USD 1,104.2 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Oracle Corp, IQVIA Holdings Inc, SAS, Cognizant Technology Solutions Corp Class A, International Business Machines Corp, Accenture PLC Class A, Wipro Ltd ADR, TAKE Solutions |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global life science analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,596.5 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea life science analytics 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 life science analytics market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 59.44% in 2023. Horizon Databook has segmented the South Korea life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea life science analytics market is expected to grow moderately over the forecast period owing to advancements in healthcare infrastructure and increasing adoption of latest medical technology.
The South Korean healthcare system is burdened with a super aging society coupled with chronic diseases and an increase in healthcare expenditure. As per Statista estimates in June 2020, it stated that South Koreans spent approximately USD 3,200 per capita on health in 2018 and the healthcare spending increased by 11.0% in 2019.
The South Korean government over the past few years has been focusing on developing and modernizing healthcare with technological advancement and increased funding support. Government initiatives and support toward developing and adopting advance technologies in the healthcare space is expected to positively impact the market.
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Target buyers of South Korea life science analytics market databook
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Our clientele includes a mix of life science analytics 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 life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea life science analytics market size, by component, 2018-2030 (US$M)
South Korea Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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