South Korea Mesenchymal Stem Cells Market Size & Outlook
South Korea mesenchymal stem cells market, 2018-2030 (US$M)
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South Korea mesenchymal stem cells market highlights
- The South Korea mesenchymal stem cells market generated a revenue of USD 107.6 million in 2023 and is expected to reach USD 262.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.6% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & services in 2023.
- Services is the most lucrative product & services segment registering the fastest growth during the forecast period.
Mesenchymal stem cells market data book summary
| Market revenue in 2023 | USD 107.6 million |
| Market revenue in 2030 | USD 262.3 million |
| Growth rate | 13.6% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, STEMCELL Technologies, Merck KGaA, Lonza Group Ltd, PromoCell GmbH, Cyagen Biosciences, Stemedica Cell Technologies, Axol Bioscience, Celprogen, Cellcolabs, Visual Photonics Epitaxy |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.4% of the global mesenchymal stem cells market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mesenchymal stem cells 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 439.0 million by 2030.
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Mesenchymal Stem Cells Market Scope
Mesenchymal Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea mesenchymal stem cells 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 mesenchymal stem cells market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 76.21% in 2023. Horizon Databook has segmented the South Korea mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea MSCs market is expected to show lucrative growth on account of various strategic initiatives undertaken between local players and international companies. The pandemic also resulted in a spur of stem cell therapies for treating the condition.
For instance, in August 2022, Panacell Biotech used Natural Killer (NK) cells, brown Adipose-Derived Stem Cells (ADSC), and exosomes to treat COVID19 infection. The clinical trial for the same is expected to start soon.
As reported by the Korea Biomedical Review, in November 2023, the research team observed that nanoparticles exhibited the capability to stimulate osteogenic differentiation, which is the process through which human MSCs (hMSCs) — derived from adult bone marrow, not fetal cell lines — undergo formation, development, repair, and maintenance.
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Our clientele includes a mix of mesenchymal stem cells market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
South Korea Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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