South Korea Mycoplasma Testing Market Size & Outlook
South Korea mycoplasma testing market, 2018-2030 (US$M)
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South Korea mycoplasma testing market highlights
- The South Korea mycoplasma testing market generated a revenue of USD 23.0 million in 2023 and is expected to reach USD 58.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Mycoplasma testing market data book summary
| Market revenue in 2023 | USD 23.0 million |
| Market revenue in 2030 | USD 58.4 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Kits & Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Lonza Group Ltd, Merck KGaA, Charles River Laboratories International Inc, Asahi Kasei Corp, Sartorius AG, Eurofins Scientific SE, PromoCell GmbH, ATCC, InvivoGen |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global mycoplasma testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan mycoplasma testing 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 96.9 million by 2030.
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Mycoplasma Testing Market Scope
Mycoplasma Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea mycoplasma testing 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 mycoplasma testing market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 54.35% in 2023. Horizon Databook has segmented the South Korea mycoplasma testing market based on instruments, kits & reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits high potential for R&D capabilities in the pharmaceutical & biopharmaceutical sectors, which is expected to boost the demand for mycoplasma testing products for quality control. Cancer research has become a national priority for the Korean government.
Therefore, the Korean government supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create significant demand for cell culture products in the country, likely fueling the demand for mycoplasma testing services.
Furthermore, increasing R&D investments by major pharmaceutical companies in South Korea are anticipated to create a lucrative environment for market growth. For instance, in November 2021, Sartorius announced investments worth around USD 300 million (EUR 270 million) to be invested through the end of 2024 to expand its activities in the country.
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Our clientele includes a mix of mycoplasma testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mycoplasma testing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mycoplasma testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mycoplasma testing market size, by product, 2018-2030 (US$M)
South Korea Mycoplasma Testing Market Outlook Share, 2023 & 2030 (US$M)
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