South Korea Mass Spectrometry Market Size & Outlook
The mass spectrometry market in South Korea is expected to reach a projected revenue of US$ 200.6 million by 2030. A compound annual growth rate of 7.7% is expected of South Korea mass spectrometry market from 2024 to 2030.
Revenue, 2023 (US$M)
$119.0
Forecast, 2030 (US$M)
$200.6
CAGR, 2024 - 2030
7.7%
Report Coverage
South Korea
South Korea mass spectrometry market, 2018-2030 (US$M)
Related Markets
South Korea mass spectrometry market highlights
- The South Korea mass spectrometry market generated a revenue of USD 119.0 million in 2023 and is expected to reach USD 200.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Mass spectrometry market data book summary
| Market revenue in 2023 | USD 119.0 million |
| Market revenue in 2030 | USD 200.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Danaher Corp, Waters Corp, Bruker Corp, Shimadzu Corp, PerkinElmer, Rigaku, Lincoln Electric Holdings Inc, Jeol Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global mass spectrometry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan mass spectrometry 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 595.8 million by 2030.
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Mass Spectrometry Market Scope
Mass spectrometry market segmentation & scope
Mass Spectrometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea mass spectrometry market size, by end use, 2018-2030 (US$M)
South Korea Mass Spectrometry Market Outlook Share, 2023 & 2030 (US$M)
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