South Korea Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
South Korea nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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South Korea nuclear magnetic resonance spectroscopy market highlights
- The South Korea nuclear magnetic resonance spectroscopy market generated a revenue of USD 5.6 million in 2023 and is expected to reach USD 8.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 5.6 million |
| Market revenue in 2030 | USD 8.2 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Jeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nuclear magnetic resonance spectroscopy 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 48.9 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 46.43% in 2023. Horizon Databook has segmented the South Korea nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits high potential for R&D capabilities in the pharmaceutical and biopharmaceutical sectors, which is expected to boost the demand for NMR spectroscopy products. Cancer research has become a national priority for the government of Korea.
The government supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create a high demand for NMR spectroscopy tools. Moreover, increasing focus on developing novel NMR methods by the major research institutions in the country is anticipated to drive growth in the South Korea market during the forecast period.
For instance, in July 2023, the National Research Council of Science & Technology researchers developed a novel NMR method for drug structure elucidation.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
South Korea Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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