South Korea Analytical Laboratory Services Market to 2032
Overview
The South Korea Analytical Laboratory Services Market is expected to reach a 452.64 USD Million by 2032 and is projected to grow at a CAGR of 26.58% from 2025 to 2032.
Revenue, 2024 (USD Million)
121.95
Forecast, 2032 (USD Million)
452.64
CAGR, 2024 - 2032
26.58%
Report Coverage
South Korea
South Korea Analytical Laboratory Services Market 2018-2032 USD Million
South Korea Analytical Laboratory Services Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 121.95 USD Million
- Projected Market Size (2032): 452.64 USD Million
- CAGR (2025-2032): 26.58%
Key Findings of South Korea Analytical Laboratory Services Market
- The South Korea Analytical Laboratory Services Market was valued at 121.95 USD Million in 2024.
- The South Korea Analytical Laboratory Services Market is likely to grow at a CAGR of 26.58% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Oncology in Application Segment accounted for the largest share of the market with a revenue of 63.01 USD Million
- The fastest growing segment Mass Spectrometry (LC-MS/MS) in Technology Segment grew Fastest with a CAGR of 28.65% during the forecast period from 2024 to 2032.
South Korea Analytical Laboratory Services Market Scope
South Korea Analytical Laboratory Services Market Segmentation & Scope
Test Type
- Environmental Monitoring
- Stability Testing
- Microbial Testing
- Physical Characterization
- Raw Material Testing
- Method Validation
- Batch Release Testing
- Bioanalytical Testing
Service Type
- Clinics-Based Laboratories
- Stand Alone Laboratories
- Hospital-Based Laboratories
Application
- Gastroenterology
- Cardiology
- Other Applications
- Neurology
- Infectious Diseases
- Oncology
Technology
- Others
- Turbulent Flow Technology
- UPLC Technology
- Immunochemistry
- Mass Spectrometry (LC-MS/MS)
End User
- Pharmaceutical and Biopharmaceutical Companies
- Others
- Contract Research Organizations
- Contract Development and Manufacturing Organizations
Method Type
- Serology
- Immunogenecity
- Cell-Based Assays
- Virology Testing
- Biomarker Testing
- Pharmacokinetic Testing
South Korea Analytical Laboratory Services Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 121.95 USD Million |
| Market Value in 2032 | 452.64 USD Million |
| CAGR (2025-2032) | 26.58% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Test Type,Service Type,Application,Technology,End User,Method Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 121.95 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 121.95 USD Million in 2024.
Segments and Scope
-
South Korea Analytical Laboratory Services Market to 2032, By Test Type
- Bioanalytical Testing is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 54.67 USD Million in the year 2024.
- Bioanalytical Testing is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 28.58 % in forecast period 2025-2032.
-
South Korea Analytical Laboratory Services Market to 2032, By Service Type
- Hospital-Based Laboratories is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 53.66 USD Million in the year 2024.
- Stand Alone Laboratories is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 25.64 % in forecast period 2025-2032.
-
South Korea Analytical Laboratory Services Market to 2032, By Application
- Oncology is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 63.01 USD Million in the year 2024.
- Infectious Diseases is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 27.03 % in forecast period 2025-2032.
-
South Korea Analytical Laboratory Services Market to 2032, By Technology
- Mass Spectrometry (LC-MS/MS) is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 42.38 USD Million in the year 2024.
- Mass Spectrometry (LC-MS/MS) is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 28.65 % in forecast period 2025-2032.
-
South Korea Analytical Laboratory Services Market to 2032, By End User
- Contract Development and Manufacturing Organizations is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 39.73 USD Million in the year 2024.
- Pharmaceutical and Biopharmaceutical Companies is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 26.75 % in forecast period 2025-2032.
-
South Korea Analytical Laboratory Services Market to 2032, By Method Type
- Pharmacokinetic Testing is the largest segment in South Korea Analytical Laboratory Services Market to 2032 with a revenue of 56.49 USD Million in the year 2024.
- Biomarker Testing is the Fastest growing segment in South Korea Analytical Laboratory Services Market to 2032 with a Growth rate of 27.17 % in forecast period 2025-2032.
South Korea Analytical Laboratory Services Market Company Share Analysis
| Company Name |
|
||
| ICON PLC | |||
| Intertek Group Plc | |||
| Labcorp Drug Development | |||
| Syneos Health | |||
| Wuxi AppTec | |||
South Korea Analytical Laboratory Services Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Analytical Laboratory Services Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Analytical Laboratory Services Market is segmented based on Segmentation Test Type,Service Type,Application,Technology,End User,Method Type.
South Korea Analytical Laboratory Services Market was valued at USD 121.95(Revenue in USD Million) in 2020.
South Korea Analytical Laboratory Services Market is projected to grow at a CAGR of 26.58% during the forecast period of 2024 to 2032.
The Oncology segment is expected to dominate the South Korea Analytical Laboratory Services Market, holding a largest market share of 63.01 USD Million in 2024
South Korea Analytical Laboratory Services Market Scope
South Korea Analytical Laboratory Services Market Segmentation & Scope
Test Type
- Environmental Monitoring
- Stability Testing
- Microbial Testing
- Physical Characterization
- Raw Material Testing
- Method Validation
- Batch Release Testing
- Bioanalytical Testing
Service Type
- Clinics-Based Laboratories
- Stand Alone Laboratories
- Hospital-Based Laboratories
Application
- Gastroenterology
- Cardiology
- Other Applications
- Neurology
- Infectious Diseases
- Oncology
Technology
- Others
- Turbulent Flow Technology
- UPLC Technology
- Immunochemistry
- Mass Spectrometry (LC-MS/MS)
End User
- Pharmaceutical and Biopharmaceutical Companies
- Others
- Contract Research Organizations
- Contract Development and Manufacturing Organizations
Method Type
- Serology
- Immunogenecity
- Cell-Based Assays
- Virology Testing
- Biomarker Testing
- Pharmacokinetic Testing
Frequently Asked Questions
The South Korea Analytical Laboratory Services Market is segmented based on Segmentation Test Type,Service Type,Application,Technology,End User,Method Type.
South Korea Analytical Laboratory Services Market was valued at USD 121.95(Revenue in USD Million) in 2020.
South Korea Analytical Laboratory Services Market is projected to grow at a CAGR of 26.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Analytical Laboratory Services Market for final year is USD 452.64 (USD Million).
South Korea Analytical Laboratory Services Market Company Profiling
Frequently Asked Questions
The South Korea Analytical Laboratory Services Market is segmented based on Segmentation Test Type,Service Type,Application,Technology,End User,Method Type.
South Korea Analytical Laboratory Services Market was valued at USD 121.95(Revenue in USD Million) in 2020.
South Korea Analytical Laboratory Services Market is projected to grow at a CAGR of 26.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Analytical Laboratory Services Market for final year is USD 452.64 (USD Million).
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