South Korea Red Biotechnology Market Size & Outlook
South Korea red biotechnology market, 2018-2030 (US$M)
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South Korea red biotechnology market highlights
- The South Korea red biotechnology market generated a revenue of USD 9,442.2 million in 2023 and is expected to reach USD 21,802.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, monoclonal antibodies was the largest revenue generating product in 2023.
- Gene Therapy Products is the most lucrative product segment registering the fastest growth during the forecast period.
Red biotechnology market data book summary
| Market revenue in 2023 | USD 9,442.2 million |
| Market revenue in 2030 | USD 21,802.8 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Monoclonal antibodies |
| Fastest growing segment | Gene Therapy Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Proteins, Vaccines, Cell-Based Immunotherapy Products, Gene Therapy Products, Cell Therapy Products, Tissue-Engineered Products, Stem Cells, Cell Culture, Viral Vector, Enzymes, Kits and Reagents, Animal Models, Molecular Diagnostics |
| Key market players worldwide | Merck KGaA, Roche Holding AG ADR, Pfizer Inc, Regeneron Pharmaceuticals Inc, AstraZeneca PLC, Gilead Sciences Inc, Biogen Inc, Amgen Inc, Bristol-Myers Squibb Co, Takeda Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global red biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan red biotechnology 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 54,951.1 million by 2030.
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Red Biotechnology Market Scope
Red Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea red biotechnology 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 red biotechnology market will help companies and investors design strategic landscapes.
Monoclonal antibodies was the largest segment with a revenue share of 49.66% in 2023. Horizon Databook has segmented the South Korea red biotechnology market based on monoclonal antibodies, polyclonal antibodies, recombinant proteins, vaccines, cell-based immunotherapy products, gene therapy products, cell therapy products, tissue-engineered products, stem cells, cell culture, viral vector, enzymes, kits and reagents, animal models, molecular diagnostics covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of red biotechnology 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 red biotechnology market , including forecasts for subscribers. This country databook contains high-level insights into South Korea red biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea red biotechnology market outlook size, by product, 2018-2030 (US$M)
South Korea Red Biotechnology Market Outlook Share, 2023 & 2030 (US$M)
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