South Korea Next Generation Sequencing Services Market Size & Outlook
South Korea next generation sequencing services market, 2018-2030 (US$M)
Related Markets
South Korea next generation sequencing services market highlights
- The South Korea next generation sequencing services market generated a revenue of USD 210.6 million in 2023 and is expected to reach USD 948.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, human genome sequencing services was the largest revenue generating services type in 2023.
- Human Genome Sequencing Services is the most lucrative services type segment registering the fastest growth during the forecast period.
Next generation sequencing services market data book summary
| Market revenue in 2023 | USD 210.6 million |
| Market revenue in 2030 | USD 948.2 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Human genome sequencing services |
| Fastest growing segment | Human Genome Sequencing Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Genome Sequencing Services, Single Cell Sequencing Services, Microbial Genome-based Sequencing Services, Gene Regulation Services, Animal & Plant Sequencing Services, Other Sequencing Services |
| Key market players worldwide | Quest Diagnostics Inc, Azenta Inc, Illumina Inc, Pacific Biosciences of California Inc, The Carlyle Group Inc, Novogene |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.6% of the global next generation sequencing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China next generation sequencing services 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 1,166.0 million by 2030.
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Next Generation Sequencing Services Market Scope
Next Generation Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea next generation sequencing services 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 next generation sequencing services market will help companies and investors design strategic landscapes.
Human genome sequencing services was the largest segment with a revenue share of 29.01% in 2023. Horizon Databook has segmented the South Korea next generation sequencing services market based on human genome sequencing services, single cell sequencing services, microbial genome-based sequencing services, gene regulation services, animal & plant sequencing services, other sequencing services covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Next Generation Sequencing Services Services Type Outlook (Revenue, USD Million, 2018-2030)
- Human Genome Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Single Cell Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Microbial Genome-based Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Gene Regulation Services
- Small Rna Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Chip Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Other Gene Regulation-Based Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Small Rna Sequencing Services
- Animal & Plant Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Other Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Human Genome Sequencing Services
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Target buyers of South Korea next generation sequencing services market databook
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Our clientele includes a mix of next generation sequencing services 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 next generation sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea next generation sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea next generation sequencing services market size, by services type, 2018-2030 (US$M)
South Korea Next Generation Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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