South Korea Single-use Bioprocessing Probes And Sensors Market Size & Outlook
South Korea single-use bioprocessing probes and sensors market, 2018-2030 (US$M)
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South Korea single-use bioprocessing probes and sensors market highlights
- The South Korea single-use bioprocessing probes and sensors market generated a revenue of USD 51.8 million in 2023 and is expected to reach USD 115.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, ph sensor was the largest revenue generating type in 2023.
- PH Sensor is the most lucrative type segment registering the fastest growth during the forecast period.
Single-use bioprocessing probes and sensors market data book summary
| Market revenue in 2023 | USD 51.8 million |
| Market revenue in 2030 | USD 115.0 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Ph sensor |
| Fastest growing segment | PH Sensor |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PH Sensor, Oxygen Sensors, Pressure Sensors, Temperature Sensors, Conductivity Sensors, Flow Meter & Sensors, Other Sensors |
| Key market players worldwide | Thermo Fisher Scientific Inc, Sartorius AG, Danaher Corp, Alphabet Inc Class C, Booz Allen Hamilton Holding Corp Class A, Compagnie de Saint-Gobain SA, Parker Hannifin Corp, Dover Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global single-use bioprocessing probes and sensors 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 probes and sensors market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 260.0 million by 2030.
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Single-use Bioprocessing Probes And Sensors Market Scope
Single-use Bioprocessing Probes And Sensors Market Companies
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South Korea single-use bioprocessing probes and sensors 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 probes and sensors market will help companies and investors design strategic landscapes.
Ph sensor was the largest segment with a revenue share of 20.27% in 2023. Horizon Databook has segmented the South Korea single-use bioprocessing probes and sensors market based on ph sensor, oxygen sensors, pressure sensors, temperature sensors, conductivity sensors, flow meter & sensors, other sensors 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. Such initiatives are expected to aid in revenue growth in this country during the forecast period. Moreover, South Korea is also witnessing high investments in the growth of its biopharmaceutical industry.
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Target buyers of South Korea single-use bioprocessing probes and sensors market databook
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Our clientele includes a mix of single-use bioprocessing probes and sensors 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea single-use bioprocessing probes and sensors market , including forecasts for subscribers. This country databook contains high-level insights into South Korea single-use bioprocessing probes and sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea single-use bioprocessing probes and sensors market size, by type, 2018-2030 (US$M)
South Korea Single-use Bioprocessing Probes And Sensors Market Outlook Share, 2023 & 2030 (US$M)
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