South Korea Virus Safety Testing Services Market Size & Outlook
South Korea virus safety testing services market, 2016-2028 (US$M)
Related Markets
South Korea virus safety testing services market highlights
- The South Korea virus safety testing services market generated a revenue of USD 16.7 million in 2021 and is expected to reach USD 43.4 million by 2028.
- The South Korea market is expected to grow at a CAGR of 14.6% from 2022 to 2028.
- In terms of segment, adventitious virus tests was the largest revenue generating test type in 2021.
- Adventitious Virus Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
Virus safety testing services market data book summary
| Market revenue in 2021 | USD 16.7 million |
| Market revenue in 2028 | USD 43.4 million |
| Growth rate | 14.6% (CAGR from 2021 to 2028) |
| Largest segment | Adventitious virus tests |
| Fastest growing segment | Adventitious Virus Tests |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adventitious Virus Tests, Antibody Production Tests, Retrovirus Tests, Specific Virus Tests, Other Tests |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global virus safety testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan virus safety testing services market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 86.7 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Virus Safety Testing Services Market Scope
Virus Safety Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea virus safety testing services 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 virus safety testing services market will help companies and investors design strategic landscapes.
Adventitious virus tests was the largest segment with a revenue share of 36.53% in 2021. Horizon Databook has segmented the South Korea virus safety testing services market based on adventitious virus tests, antibody production tests, retrovirus tests, specific virus tests, other tests covering the revenue growth of each sub-segment from 2016 to 2028.
The country displays high potential for R&D capabilities in the pharmaceutical sector. It also shows strength in biotechnology, biopharmaceutical, and pharmaceutical sectors, which is expected to act as a key driver of the virus safety testing services market.
Government initiatives such as Korea Free Economic Zones (KFEZ) can act to strengthen the pharmaceutical industry’s growth in South Korea. In addition, the Korean government holds a free-trade agreement with the U.S., facilitating greater investments in biopharmaceutical and biotechnology industries.
Such government initiatives are expected to drive the virus safety testing services market in the country. In addition, continuous public-private investments for expanding the biopharma industry in the country is further expected to support market growth.
Reasons to subscribe to South Korea virus safety testing services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea virus safety testing services market databook
-
Our clientele includes a mix of virus safety testing services 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 virus safety testing services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea virus safety testing services market size, by test type, 2016-2028 (US$M)
South Korea Virus Safety Testing Services Market Outlook Share, 2021 & 2028 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
