South Korea Single-use Bioprocessing Market Size & Outlook
South Korea single-use bioprocessing market, 2018-2030 (US$M)
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South Korea single-use bioprocessing market highlights
- The South Korea single-use bioprocessing market generated a revenue of USD 767.8 million in 2023 and is expected to reach USD 2,178.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, simple & peripheral elements was the largest revenue generating product in 2023.
- Simple & Peripheral Elements is the most lucrative product segment registering the fastest growth during the forecast period.
Single-use bioprocessing market data book summary
| Market revenue in 2023 | USD 767.8 million |
| Market revenue in 2030 | USD 2,178.0 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Simple & peripheral elements |
| Fastest growing segment | Simple & Peripheral Elements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Simple & Peripheral Elements, Apparatus & Plants, Work Equipment |
| Key market players worldwide | Sartorius AG, Danaher Corp, Thermo Fisher Scientific Inc, Merck KGaA, Avantor Inc, Eppendorf, Corning Inc, Lonza Group Ltd, PBS Biotech, Meissner |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.7% of the global single-use bioprocessing 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 bioprocessing 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 4,575.2 million by 2030.
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Single-use Bioprocessing Market Scope
Single-use Bioprocessing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea single-use bioprocessing 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 bioprocessing market will help companies and investors design strategic landscapes.
Simple & peripheral elements was the largest segment with a revenue share of 49.48% in 2023. Horizon Databook has segmented the South Korea single-use bioprocessing market based on simple & peripheral elements, apparatus & plants, work equipment 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 equipment in their bioprocessing operations. Moreover, contract service providers, such as Samsung Biologics, have also expanded their business 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 strategic moves toward meeting the growing demand for biologics as well as biosimilar development.
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Target buyers of South Korea single-use bioprocessing market databook
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Our clientele includes a mix of single-use bioprocessing 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 single-use bioprocessing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea single-use bioprocessing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea single-use bioprocessing market size, by product, 2018-2030 (US$M)
South Korea Single-use Bioprocessing Market Outlook Share, 2023 & 2030 (US$M)
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