South Korea Oligonucleotide Synthesis Market Size & Outlook
South Korea oligonucleotide synthesis market, 2018-2030 (US$M)
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South Korea oligonucleotide synthesis market highlights
- The South Korea oligonucleotide synthesis market generated a revenue of USD 97.8 million in 2024 and is expected to reach USD 202.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.9% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating segment in 2024.
- Services is the most lucrative segment segment registering the fastest growth during the forecast period.
Oligonucleotide synthesis market data book summary
| Market revenue in 2024 | USD 97.8 million |
| Market revenue in 2030 | USD 202.3 million |
| Growth rate | 12.9% (CAGR from 2024 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotides, Equipment/Synthesizer, Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, GE HealthCare Technologies Inc Common Stock, Agilent Technologies, Kaneka Corp, Heritage Global Inc, Twist Bioscience Corp, Bio-Synthesis, Biolegio |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global oligonucleotide synthesis market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oligonucleotide synthesis 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 868.4 million by 2030.
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Oligonucleotide Synthesis Market Scope
Oligonucleotide Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea oligonucleotide synthesis 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 oligonucleotide synthesis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 38.24% in 2024. Horizon Databook has segmented the South Korea oligonucleotide synthesis market based on oligonucleotides, equipment/synthesizer, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits strong potential for R&D capabilities in pharmaceutical and biopharmaceutical sectors, boosting the demand for oligonucleotide synthesis in research. Cancer research has become a national priority for the country’s government.
Furthermore, increasing R&D investments by key pharmaceutical companies in South Korea are anticipated to create a lucrative environment for market growth. For instance, in September 2023, ST Pharm announced the expansion of its oligonucleotide manufacturing capabilities and capacity.
This expansion is aimed at growing demand for oligonucleotide therapeutics, including short interfering RNA (siRNA), Antistreptolysin O (ASO), and Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR), and to enhance overall capabilities.
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Target buyers of South Korea oligonucleotide synthesis market databook
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Our clientele includes a mix of oligonucleotide synthesis 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 oligonucleotide synthesis market , including forecasts for subscribers. This country databook contains high-level insights into South Korea oligonucleotide synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea oligonucleotide synthesis market size, by segment, 2018-2030 (US$M)
South Korea Oligonucleotide Synthesis Market Outlook Share, 2024 & 2030 (US$M)
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