South Korea Microbiology Market Size & Outlook, 2023-2030
South Korea microbiology market, 2018-2030 (US$M)
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South Korea microbiology market highlights
- The South Korea microbiology market generated a revenue of USD 96.7 million in 2023 and is expected to reach USD 154.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
Microbiology market data book summary
| Market revenue in 2023 | USD 96.7 million |
| Market revenue in 2030 | USD 154.2 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
| Key market players worldwide | Abbott Laboratories, BioMerieux SA, QuidelOrtho Corp, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Qiagen NV, Sysmex Corp, Charles River Laboratories International Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Danaher Corp, Becton Dickinson & Co, Roche Holding AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global microbiology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microbiology 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 181.3 million by 2030.
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Microbiology Market Scope
Microbiology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea microbiology 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 microbiology market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 45.71% in 2023. Horizon Databook has segmented the South Korea microbiology market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Microbiology End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Outpatient Facilities
- Home Care
- Research & Manufacturing
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Target buyers of South Korea microbiology market databook
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Our clientele includes a mix of microbiology 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 microbiology market , including forecasts for subscribers. This country databook contains high-level insights into South Korea microbiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea microbiology market size, by end use, 2018-2030 (US$M)
South Korea Microbiology Market Outlook Share, 2023 & 2030 (US$M)
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