South Korea Single Cell Analysis Market Size & Outlook
South Korea single cell analysis market, 2018-2030 (US$M)
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South Korea single cell analysis market highlights
- The South Korea single cell analysis market generated a revenue of USD 40.8 million in 2022 and is expected to reach USD 146.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.4% from 2023 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2022.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Single cell analysis market data book summary
| Market revenue in 2022 | USD 40.8 million |
| Market revenue in 2030 | USD 146.8 million |
| Growth rate | 17.4% (CAGR from 2022 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, Bio-Rad Laboratories Inc, Illumina Inc, Merck KGaA, Becton Dickinson & Co, Standard BioTools Inc, 10x Genomics Inc Ordinary Shares - Class A, BGI Group, Novogene |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global single cell analysis market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China single cell analysis 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 437.2 million by 2030.
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Single Cell Analysis Market Scope
Single Cell Analysis Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea single cell analysis 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 single cell analysis market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 54.9% in 2022. Horizon Databook has segmented the South Korea single cell analysis market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Over the past few years, the single-cell analysis market in South Korea has undergone several changes, leading to significant growth in the market. According to Front Line Genomics, in November 2023, genetic testing was commonly employed for hereditary diseases, especially in infants, and was extensively used after cancer diagnoses to guide precision medicine interventions.
South Korea utilizes advanced genomic research to pioneer innovative treatments, employing modern technology for genetic testing. The South Korean government has allocated approximately USD 55.7 million to develop these treatments.
According to Pharma Manufacturing, in June 2021, with a USD 1.7 billion investment, South Korea launched a 5-year plan in 2019 to advance research, development, and commercialization in medical biotechnology sectors.
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Our clientele includes a mix of single cell analysis market companies, investment firms, advisory firms & academic institutions.
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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 single cell analysis market , including forecasts for subscribers. This country databook contains high-level insights into South Korea single cell analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea single cell analysis market size, by product, 2018-2030 (US$M)
South Korea Single Cell Analysis Market Outlook Share, 2022 & 2030 (US$M)
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