South Korea Microrna Market Size & Outlook, 2023-2030
South Korea microrna market, 2018-2030 (US$M)
Related Markets
South Korea microrna market highlights
- The South Korea microrna market generated a revenue of USD 32.3 million in 2023 and is expected to reach USD 76.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating services scope in 2023.
- Services is the most lucrative services scope segment registering the fastest growth during the forecast period.
Microrna market data book summary
| Market revenue in 2023 | USD 32.3 million |
| Market revenue in 2030 | USD 76.8 million |
| Growth rate | 13.2% (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 | Services, Products Type |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, Horizon Discovery, NanoString Technologies, Merck KGaA, Takara Bio Inc, LGC Group, Biogenex, New England Biolabs, GeneCopoeia |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global microrna market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microrna 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 218.9 million by 2030.
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MicroRNA Market Scope
MicroRNA Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea microrna 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 microrna market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 61.3% in 2023. Horizon Databook has segmented the South Korea microrna market based on services, products type covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean microRNA market is expected to exhibit lucrative growth due to various strategic initiatives by local players and international companies.
For instance, in January 2022, BIORCHESTRA and SK Biopharmaceuticals entered into a partnership in the study and creation of novel therapeutic substances that target miRNAs for potential epilepsy treatments.
As per the terms of the collaboration agreement, the South Korean biotech business BIORCHESTRA, which creates RNA therapies for neurological illnesses, will be in charge of target research, selection, and synthesis using proprietary technologies.
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Target buyers of South Korea microrna market databook
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Our clientele includes a mix of microrna 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 microrna market , including forecasts for subscribers. This country databook contains high-level insights into South Korea microrna market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea microrna market size, by services scope, 2018-2030 (US$M)
South Korea MicroRNA Market Outlook Share, 2023 & 2030 (US$M)
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