South Korea Short-read Sequencing Market Size & Outlook

The short-read sequencing market in South Korea is expected to reach a projected revenue of US$ 104.3 million by 2030. A compound annual growth rate of 13.9% is expected of South Korea short-read sequencing market from 2024 to 2030.

Revenue, 2023 (US$M)
$41.9
Forecast, 2030 (US$M)
$104.3
CAGR, 2024 - 2030
13.9%
Report Coverage
South Korea

South Korea short-read sequencing market highlights

  • The South Korea short-read sequencing market generated a revenue of USD 41.9 million in 2023 and is expected to reach USD 104.3 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
  • In terms of segment, consumables was the largest revenue generating product in 2023.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.


Short-read sequencing market data book summary

Market revenue in 2023USD 41.9 million
Market revenue in 2030USD 104.3 million
Growth rate13.9% (CAGR from 2023 to 2030)
Largest segmentConsumables
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInstruments, Consumables, Services
Key market players worldwideIllumina Inc, Thermo Fisher Scientific Inc, Pacific Biosciences of California Inc, Birks Group Inc Class A, Qiagen NV, Agilent Technologies Inc, Macrogenics Inc, Azenta Inc, PerkinElmer, ProPhase Labs Inc


Other key industry trends

  • In terms of revenue, South Korea accounted for 0.7% of the global short-read sequencing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China short-read sequencing 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 1,490.1 million by 2030.

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Short-read Sequencing Market Scope

Short-read sequencing market segmentation & scope
Instruments
Consumables
Services
Pre-Sequencing
Sequencing
Data Analysis
Whole Genome Sequencing
Whole Exome Sequencing
Targeted Sequencing & Resequencing
Others
Academic & Research Institutes
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others

Short-read Sequencing Market Companies

Name Profile # Employees HQ Website

South Korea short-read sequencing 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 short-read sequencing market will help companies and investors design strategic landscapes.


Consumables was the largest segment with a revenue share of 62.77% in 2023. Horizon Databook has segmented the South Korea short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea short-read sequencing market databook

  • Our clientele includes a mix of short-read sequencing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 short-read sequencing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea short-read sequencing market size, by product, 2018-2030 (US$M)

South Korea Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)

South Korea short-read sequencing market size, by product, 2018-2030 (US$M)

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