South Korea Single Use Assemblies Market Size & Outlook
South Korea single use assemblies market, 2018-2030 (US$M)
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South Korea single use assemblies market highlights
- The South Korea single use assemblies market generated a revenue of USD 325.8 million in 2023 and is expected to reach USD 1,270.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, filtration was the largest revenue generating application in 2023.
- Cell Culture & Mixing is the most lucrative application segment registering the fastest growth during the forecast period.
Single use assemblies market data book summary
| Market revenue in 2023 | USD 325.8 million |
| Market revenue in 2030 | USD 1,270.2 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Filtration |
| Fastest growing segment | Cell Culture & Mixing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filtration, Cell Culture & Mixing, Storage, Sampling, Fill-finish Applications, Other Applications |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Sartorius AG, Danaher Corp, Avantor Inc, Lonza Group Ltd, Compagnie de Saint-Gobain SA, Corning Inc, Entegris Inc, Kuhner Shaker |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.7% of the global single use assemblies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China single use assemblies 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 3,928.9 million by 2030.
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Single Use Assemblies Market Scope
Single Use Assemblies Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea single use assemblies 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 use assemblies market will help companies and investors design strategic landscapes.
Filtration was the largest segment with a revenue share of 28.88% in 2023. Horizon Databook has segmented the South Korea single use assemblies market based on filtration, cell culture & mixing, storage, sampling, fill-finish applications, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is considered a lucrative region to invest in by many global players; the country is witnessing rapid growth in the biomanufacturing space. This has resulted in South Korean firms effectively incorporating single-use assemblies in their bioprocessing operations.
Moreover, contract service providers, such as Samsung Biologics, have expanded their businesses in this country. In April 2022, Samsung Biologics announced full ownership of Samsung Bioepis and a capacity expansion of an existing facility in Incheon, South Korea.
Both initiatives were aimed at meeting the growing demand for biologics as well as biosimilar development. Such initiatives are expected to aid in revenue growth in this country during the forecast period. Moreover, South Korea is witnessing high investments in the growth of its biopharmaceutical industry.
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Our clientele includes a mix of single use assemblies 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 single use assemblies market , including forecasts for subscribers. This country databook contains high-level insights into South Korea single use assemblies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea single use assemblies market size, by application, 2018-2030 (US$M)
South Korea Single Use Assemblies Market Outlook Share, 2023 & 2030 (US$M)
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