South Korea Regenerative Medicine Market Size & Outlook
South Korea regenerative medicine market, 2018-2030 (US$M)
Related Markets
South Korea regenerative medicine market highlights
- The South Korea regenerative medicine market generated a revenue of USD 399.7 million in 2023 and is expected to reach USD 1,288.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating product in 2023.
- Banks is the most lucrative product segment registering the fastest growth during the forecast period.
Regenerative medicine market data book summary
| Market revenue in 2023 | USD 399.7 million |
| Market revenue in 2030 | USD 1,288.1 million |
| Growth rate | 18.2% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Banks |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Therapeutics, Tools, Banks, Services |
| Key market players worldwide | AstraZeneca PLC, Roche Holding AG, Integra Lifesciences Holdings Corp, Astellas Pharma Inc, Cook Group, Bayer AG, Pfizer Inc, Merck KGaA, Abbott Laboratories, Vericel Corp, Novartis AG ADR, GlaxoSmithKline |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global regenerative medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan regenerative medicine market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,288.1 million by 2030.
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Regenerative Medicine Market Scope
Regenerative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea regenerative medicine 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 regenerative medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 76.78% in 2023. Horizon Databook has segmented the South Korea regenerative medicine market based on therapeutics, tools, banks, services covering the revenue growth of each sub-segment from 2018 to 2030.
The regenerative medicine market in South Korea is anticipated to significantly grow over the forecast period due to increasing demand for SCT products and other advanced therapy medicinal products. Companies are focusing on SCT, gene therapy, and tissue-based products in the country.
For instance, in April 2022, Daewoong Pharmaceutical collaborated with UCI Therapeutics for CARNK cell therapy development. Thus, the increasing expansion and development of the cell therapy and gene therapy market highlight the increasing demand for regenerative medicine in the country.
Reasons to subscribe to South Korea regenerative medicine market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea regenerative medicine market databook
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Our clientele includes a mix of regenerative medicine 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 regenerative medicine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea regenerative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea regenerative medicine market size, by product, 2018-2030 (US$M)
South Korea Regenerative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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