South Korea Polymerase Chain Reaction Market Size & Outlook
South Korea polymerase chain reaction market, 2018-2030 (US$M)
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South Korea polymerase chain reaction market highlights
- The South Korea polymerase chain reaction market generated a revenue of USD 900.1 million in 2023 and is expected to reach USD 433.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of -9.9% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR is the most lucrative type segment registering the fastest growth during the forecast period.
Polymerase chain reaction market data book summary
| Market revenue in 2023 | USD 900.1 million |
| Market revenue in 2030 | USD 433.2 million |
| Growth rate | -9.9% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.9% of the global polymerase chain reaction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polymerase chain reaction market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 815.5 million by 2030.
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea polymerase chain reaction 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 polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 2.87% in 2023. Horizon Databook has segmented the South Korea polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in strategic initiatives by the government to address the challenges in diagnosing infectious diseases in the country is expected to drive the market. This agreement is expected to strengthen the relations between South Korea and WHO and thus improve global healthcare.
For instance, in February 2022, Seegene, Inc. received CE-marking for its Allplex SARS-CoV-2 fast MDx Assay. In addition, an increase in the incidence of infectious diseases, such as scarlet fever, measles, mumps, hepatitis A, and pertussis, is expected to drive the market.
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Target buyers of South Korea polymerase chain reaction market databook
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Our clientele includes a mix of polymerase chain reaction 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 polymerase chain reaction market , including forecasts for subscribers. This country databook contains high-level insights into South Korea polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea polymerase chain reaction market size, by type, 2018-2030 (US$M)
South Korea Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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