South Korea Nucleic Acid Therapeutics Cdmo Market Size & Outlook
South Korea nucleic acid therapeutics cdmo market, 2018-2030 (US$M)
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South Korea nucleic acid therapeutics cdmo market highlights
- The South Korea nucleic acid therapeutics cdmo market generated a revenue of USD 208.3 million in 2023 and is expected to reach USD 560.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.2% from 2024 to 2030.
- In terms of segment, rna-based therapies was the largest revenue generating type in 2023.
- Gene Therapy is the most lucrative type segment registering the fastest growth during the forecast period.
Nucleic acid therapeutics cdmo market data book summary
| Market revenue in 2023 | USD 208.3 million |
| Market revenue in 2030 | USD 560.2 million |
| Growth rate | 15.2% (CAGR from 2023 to 2030) |
| Largest segment | Rna-based therapies |
| Fastest growing segment | Gene Therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gene Therapy, RNA-based Therapies |
| Key market players worldwide | Catalent Inc, Thermo Fisher Scientific Inc, Lonza Group Ltd, FUJIFILM Holdings Corp, Charles River Laboratories International Inc, Eurofins Scientific SE, PerkinElmer, Oxford Biomedical Research, Danaher Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global nucleic acid therapeutics cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nucleic acid therapeutics cdmo 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 2,993.3 million by 2030.
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Nucleic Acid Therapeutics CDMO Market Scope
Nucleic Acid Therapeutics CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea nucleic acid therapeutics cdmo 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 nucleic acid therapeutics cdmo market will help companies and investors design strategic landscapes.
Rna-based therapies was the largest segment with a revenue share of 65.67% in 2023. Horizon Databook has segmented the South Korea nucleic acid therapeutics cdmo market based on gene therapy, rna-based therapies covering the revenue growth of each sub-segment from 2018 to 2030.
The nucleic acid therapeutics CDMO market in South Korea is expected to exhibit lucrative growth in the coming decade. Growth can be attributed to the growing demand for advanced therapies and rapid advancements in the CDMO industry in the past few decades.
In South Korea, there are an increasing number of contract service providers offering gene therapy manufacturing, while the rest offer RNA-based therapy manufacturing services or both. For instance, in October 2022, Medi post announced new GMP facilities for CDMO business for cell & gene therapy products in Korea.
Furthermore, the Korean Ministry of Food and Drug Safety (MFDS) is actively taking action to improve the quality of generics and ensure the availability of efficient & competitive generics in the country.
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Our clientele includes a mix of nucleic acid therapeutics cdmo 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 nucleic acid therapeutics cdmo market , including forecasts for subscribers. This country databook contains high-level insights into South Korea nucleic acid therapeutics cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea nucleic acid therapeutics cdmo market size, by type, 2018-2030 (US$M)
South Korea Nucleic Acid Therapeutics CDMO Market Outlook Share, 2023 & 2030 (US$M)
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