South Korea Biotechnology Market to 2032
Overview
The South Korea Biotechnology Market is expected to reach a 167,108.94 USD Billion by 2032 and is projected to grow at a CAGR of 52.22% from 2025 to 2032.
Revenue, 2024 (USD Billion)
18,014.72
Forecast, 2032 (USD Billion)
167,108.94
CAGR, 2024 - 2032
52.22%
Report Coverage
South Korea
South Korea Biotechnology Market 2018-2032 USD Billion
South Korea Biotechnology Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 18,014.72 USD Billion
- Projected Market Size (2032): 167,108.94 USD Billion
- CAGR (2025-2032): 52.22%
Key Findings of South Korea Biotechnology Market
- The South Korea Biotechnology Market was valued at 18,014.72 USD Billion in 2024.
- The South Korea Biotechnology Market is likely to grow at a CAGR of 52.22% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Direct Tender in Distribution Channel Segment accounted for the largest share of the market with a revenue of 12,687.52 USD Billion
- The fastest growing segment Nanocrystals in Technology Segment grew Fastest with a CAGR of 56.14% during the forecast period from 2024 to 2032.
South Korea Biotechnology Market Scope
South Korea Biotechnology Market Segmentation & Scope
Technology
- Nanopore Sequencing
- Others
- Affinity Chromatography
- Chain Termination Sequencing
- High-Throughput Screening
- High-Performance Liquid Chromatography/Ultra High-Performance Liquid Chromatography (HPLC/UHPLC)
- Downstream Process
- Single Molecule Real-Time Sequencing
- Label-Free-Detection
- Stem Cell Technology
- Automated Handling
- Others
- Other PCR
- Supercritical Fluid Chromatography
- Pyrosequencing
- Cell Culture Technology
- Others
- Thin Layer Chromatography
- Sequencing By Ligation
- Liquid Chromatography
- Upstream Process
- Flow Cytometry
- Reverse Transcription PCR (RT-PCR)
- Ion Semiconductor Sequencing
- Fermentation
- Micelles
- Gas Chromatography
- Digital PCR (DPCR)
- Sequencing By Synthesis
- Immunoisolation Technology
- Real-Time PCR (QPCR)
- Cell-Based Assays
- Liposomes
- Tissue Engineering And Regeneration
- Conventional PCR
- Nanoparticles
- Chromatography
- Dna Sequencing
- Nanocrystals
- PCR Technology
- Nano Biotechnology
Product Type
- Services & Software
- Reagents
- Instruments
Distribution Channel
- Others
- Third Party Distributor
- Direct Tender
End User
- Others
- Academic & Research Institutes
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
Application
- Bioagriculture
- Bioinformatics
- Bioservices
- Bioindustrial
- Biopharmacy
South Korea Biotechnology Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 18,014.72 USD Billion |
| Market Value in 2032 | 167,108.94 USD Billion |
| CAGR (2025-2032) | 52.22% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Technology, Product Type, Distribution Channel, End User, Application |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 18,014.72 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 18,014.72 USD Billion in 2024.
Segments and Scope
-
South Korea Biotechnology Market to 2032, By Technology
- Nano Biotechnology is the largest segment in South Korea Biotechnology Market to 2032 with a revenue of 7,115.83 USD Billion in the year 2024.
- Nanocrystals is the Fastest growing segment in South Korea Biotechnology Market to 2032 with a Growth rate of 55.02 % in forecast period 2025-2032.
-
South Korea Biotechnology Market to 2032, By Product Type
- Instruments is the largest segment in South Korea Biotechnology Market to 2032 with a revenue of 11,641.98 USD Billion in the year 2024.
- Reagents is the Fastest growing segment in South Korea Biotechnology Market to 2032 with a Growth rate of 51.49 % in forecast period 2025-2032.
-
South Korea Biotechnology Market to 2032, By Distribution Channel
- Direct Tender is the largest segment in South Korea Biotechnology Market to 2032 with a revenue of 12,687.52 USD Billion in the year 2024.
- Third Party Distributor is the Fastest growing segment in South Korea Biotechnology Market to 2032 with a Growth rate of 52.42 % in forecast period 2025-2032.
-
South Korea Biotechnology Market to 2032, By End User
- Pharmaceutical & Biotechnology Companies is the largest segment in South Korea Biotechnology Market to 2032 with a revenue of 11,097.85 USD Billion in the year 2024.
- Pharmaceutical & Biotechnology Companies is the Fastest growing segment in South Korea Biotechnology Market to 2032 with a Growth rate of 52.77 % in forecast period 2025-2032.
-
South Korea Biotechnology Market to 2032, By Application
- Biopharmacy is the largest segment in South Korea Biotechnology Market to 2032 with a revenue of 11,579.74 USD Billion in the year 2024.
- Bioindustrial is the Fastest growing segment in South Korea Biotechnology Market to 2032 with a Growth rate of 51.66 % in forecast period 2025-2032.
South Korea Biotechnology Market Company Share Analysis
| Company Name |
|
||
| Merck KGaA | |||
| PerkinElmer Inc. | |||
| Thermo Fisher Scientific Inc. | |||
| Biogen | |||
| BIOMÉRIEUX | |||
South Korea Biotechnology Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Biotechnology Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Biotechnology Market is segmented based on Segmentation Technology, Product Type, Distribution Channel, End User, Application.
South Korea Biotechnology Market was valued at USD 18,014.72(Revenue in USD Billion) in 2020.
South Korea Biotechnology Market is projected to grow at a CAGR of 52.22% during the forecast period of 2024 to 2032.
The Direct Tender segment is expected to dominate the South Korea Biotechnology Market, holding a largest market share of 12,687.52 USD Billion in 2024
South Korea Biotechnology Market Scope
South Korea Biotechnology Market Segmentation & Scope
Technology
- Nanopore Sequencing
- Others
- Affinity Chromatography
- Chain Termination Sequencing
- High-Throughput Screening
- High-Performance Liquid Chromatography/Ultra High-Performance Liquid Chromatography (HPLC/UHPLC)
- Downstream Process
- Single Molecule Real-Time Sequencing
- Label-Free-Detection
- Stem Cell Technology
- Automated Handling
- Others
- Other PCR
- Supercritical Fluid Chromatography
- Pyrosequencing
- Cell Culture Technology
- Others
- Thin Layer Chromatography
- Sequencing By Ligation
- Liquid Chromatography
- Upstream Process
- Flow Cytometry
- Reverse Transcription PCR (RT-PCR)
- Ion Semiconductor Sequencing
- Fermentation
- Micelles
- Gas Chromatography
- Digital PCR (DPCR)
- Sequencing By Synthesis
- Immunoisolation Technology
- Real-Time PCR (QPCR)
- Cell-Based Assays
- Liposomes
- Tissue Engineering And Regeneration
- Conventional PCR
- Nanoparticles
- Chromatography
- Dna Sequencing
- Nanocrystals
- PCR Technology
- Nano Biotechnology
Product Type
- Services & Software
- Reagents
- Instruments
Distribution Channel
- Others
- Third Party Distributor
- Direct Tender
End User
- Others
- Academic & Research Institutes
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
Application
- Bioagriculture
- Bioinformatics
- Bioservices
- Bioindustrial
- Biopharmacy
Frequently Asked Questions
The South Korea Biotechnology Market is segmented based on Segmentation Technology, Product Type, Distribution Channel, End User, Application.
South Korea Biotechnology Market was valued at USD 18,014.72(Revenue in USD Billion) in 2020.
South Korea Biotechnology Market is projected to grow at a CAGR of 52.22% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Biotechnology Market for final year is USD 167,108.94 (USD Billion).
South Korea Biotechnology Market Company Profiling
Frequently Asked Questions
The South Korea Biotechnology Market is segmented based on Segmentation Technology, Product Type, Distribution Channel, End User, Application.
South Korea Biotechnology Market was valued at USD 18,014.72(Revenue in USD Billion) in 2020.
South Korea Biotechnology Market is projected to grow at a CAGR of 52.22% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Biotechnology Market for final year is USD 167,108.94 (USD Billion).
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