South Korea Liquid Biopsy Market Size & Outlook, 2023-2030
South Korea liquid biopsy market, 2018-2030 (US$M)
Related Markets
South Korea liquid biopsy market highlights
- The South Korea liquid biopsy market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 29.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.4% from 2024 to 2030.
- In terms of segment, blood sample was the largest revenue generating type in 2023.
- Blood Sample is the most lucrative type segment registering the fastest growth during the forecast period.
Liquid biopsy market data book summary
| Market revenue in 2023 | USD 10.8 million |
| Market revenue in 2030 | USD 29.4 million |
| Growth rate | 15.4% (CAGR from 2023 to 2030) |
| Largest segment | Blood sample |
| Fastest growing segment | Blood Sample |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Sample |
| Key market players worldwide | ANGLE PLC, Guardant Health Inc, Myriad Genetics Inc, Biocept Inc, Lucence Health, Roche, Qiagen NV, Illumina Inc, Thermo Fisher Scientific Inc, Epigenomics AG, Oncimmune, Freenome |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.1% of the global liquid biopsy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China liquid biopsy market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 29.4 million by 2030.
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Liquid Biopsy Market Scope
Liquid Biopsy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea liquid biopsy 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 liquid biopsy market will help companies and investors design strategic landscapes.
Blood sample was the largest segment with a revenue share of 73.15% in 2023. Horizon Databook has segmented the South Korea liquid biopsy market based on blood sample covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits strong potential for R&D capabilities in the pharmaceutical and biopharmaceutical sectors, which is expected to boost the demand for NGS liquid biopsy products in research. Cancer research has become a national priority for the Korean government.
It supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create significant demand for NGS products in the coming years. Furthermore, increasing R&D investments by key pharmaceutical companies in South Korea are expected to create a lucrative environment for market growth.
Reasons to subscribe to South Korea liquid biopsy market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea liquid biopsy market databook
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Our clientele includes a mix of liquid biopsy 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 liquid biopsy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea liquid biopsy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea liquid biopsy market size, by type, 2018-2030 (US$M)
South Korea Liquid Biopsy Market Outlook Share, 2023 & 2030 (US$M)
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