South Korea Organ On A Chip Market Size & Outlook
South Korea organ on a chip market, 2018-2030 (US$M)
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South Korea organ on a chip market highlights
- The South Korea organ on a chip market generated a revenue of USD 2.6 million in 2023 and is expected to reach USD 12.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 25.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product & service in 2023.
- Product is the most lucrative product & service segment registering the fastest growth during the forecast period.
Organ on a chip market data book summary
| Market revenue in 2023 | USD 2.6 million |
| Market revenue in 2030 | USD 12.9 million |
| Growth rate | 25.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Product |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Product |
| Key market players worldwide | Emulate, Mimetas, Valo Health, Nortis, AxoSim, BICO, CN Bio, SynVivo, Draper, AlveoliX AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global organ on a chip market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China organ on a chip 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 55.9 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea organ on a chip 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 organ on a chip market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 50% in 2024. Horizon Databook has segmented the South Korea organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The OOC market is driven by strong government investment in biotechnology, a growing focus on ethical research practices, and increasing demand for advanced drug testing methods that enhance precision and reduce reliance on animal testing.
For instance, in June 2024, a research team from the Department of Biomedical Engineering at UNIST developed an OOC that replicates the blood-brain barrier (BBB) using mouse cell cultures, significantly improving the permeability of therapeutic drugs.
By employing a cell-based phage display screening method, they accurately mimicked the physiological characteristics of organs, setting a new standard for in vitro modeling. Their findings demonstrated better cerebrovascular permeability than traditional trans well methods.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into South Korea organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea organ on a chip market report size, by product & service, 2018-2030 (US$M)
South Korea Organ On A Chip Market Share, 2024 & 2030 (US$M)
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