South Korea Research-grade Proteins Market Size & Outlook
South Korea research-grade proteins market, 2018-2030 (US$M)
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South Korea research-grade proteins market highlights
- The South Korea research-grade proteins market generated a revenue of USD 24.8 million in 2023 and is expected to reach USD 80.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18.3% from 2024 to 2030.
- In terms of segment, cytokines & growth factors was the largest revenue generating product in 2023.
- Cytokines & Growth Factors is the most lucrative product segment registering the fastest growth during the forecast period.
Research-grade proteins market data book summary
| Market revenue in 2023 | USD 24.8 million |
| Market revenue in 2030 | USD 80.3 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Cytokines & growth factors |
| Fastest growing segment | Cytokines & Growth Factors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cytokines & Growth Factors, Antibodies, Immune checkpoint proteins, Virus Antigens, Enzymes, Recombinant Regulatory Protein, Hormones |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Bio-Techne Corp, Sino Biological, Miltenyi Biotec, Proteintech Group, Prospec, New England Biolabs |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global research-grade proteins market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China research-grade proteins 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 169.6 million by 2030.
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Research-grade Proteins Market Scope
Research-grade Proteins Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea research-grade proteins 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 research-grade proteins market will help companies and investors design strategic landscapes.
Cytokines & growth factors was the largest segment with a revenue share of 22.58% in 2023. Horizon Databook has segmented the South Korea research-grade proteins market based on cytokines & growth factors, antibodies, immune checkpoint proteins, virus antigens, enzymes, recombinant regulatory protein, hormones covering the revenue growth of each sub-segment from 2018 to 2030.
Research-grade proteins are in demand by professionals operating in the pharmaceutical & biotechnology industry in the country. For instance, in September 2023, Samsung’s Life Science invested in AimedBio, a Korea-based biotechnology company focused on Antibody-drug Conjugates (ADC).
The ADC technology aims to improve anticancer therapeutic effects with minimum damage to nontumor cells. In May 2023, PharmAbcine obtained authorization from the Korean Ministry of Food and Drug Safety (MFDS) for the Investigational New Drug (IND) application purpose.
This clearance has led to the commencement of Phase I clinical trial for PMC-403, intended for the treatment of Neovascular Age-related Macular Degeneration (nAMD).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea research-grade proteins market , including forecasts for subscribers. This country databook contains high-level insights into South Korea research-grade proteins market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea research-grade proteins market size, by product, 2018-2030 (US$M)
South Korea Research-grade Proteins Market Outlook Share, 2023 & 2030 (US$M)
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