South Korea Analytical Instrumentation Market Size & Outlook
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South Korea analytical instrumentation market highlights
- The South Korea analytical instrumentation market generated a revenue of USD 1,301.9 million in 2024 and is expected to reach USD 2,140.0 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5.8% from 2025 to 2033.
- In terms of segment, instruments was the largest revenue generating product in 2024.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Analytical instrumentation market data book summary
| Market revenue in 2024 | USD 1,301.9 million |
| Market revenue in 2033 | USD 2,140.0 million |
| Growth rate | 5.8% (CAGR from 2025 to 2033) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Software, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global analytical instrumentation market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China analytical instrumentation market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,709.0 million by 2033.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mettler-Toledo International Inc | View profile | 17300 | 1900 Polaris Parkway, Columbus, OH, United States, 43240 | https://www.mt.com |
| Eppendorf | View profile | 1001-5000 | Hamburg, Hamburg, Germany, Europe | https://dasgip.de |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Waters Corp | View profile | 7900 | 34 Maple Street, Milford, MA, United States, 01757 | https://www.waters.com |
| ZEISS Group | View profile | 10001+ | Oberkochen, Baden-Wurttemberg, Germany, Europe | http://www.zeiss.com |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Avantor Inc | View profile | 14500 | 100 Matsonford Road, Suite 200, Building One, Radnor Corporate Center, Radnor, PA, United States, 19087 | https://www.avantorsciences.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Sartorius AG | View profile | 14338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | https://www.sartorius.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Shimadzu Corp | View profile | 15284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | http://www.shimadzu.com |
South Korea analytical instrumentation 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 analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 68.02% in 2024. Horizon Databook has segmented the South Korea analytical instrumentation market based on instruments, software, services covering the revenue growth of each sub-segment from 2021 to 2033.
Increasing R&D investments by major pharmaceutical companies in South Korea are anticipated to create a lucrative environment for market growth.
For instance, in June 2019, AstraZeneca announced that it would spend USD 630 million on R&D in South Korea over the next 5 years. Moreover, local presence of key players and increasing entry of emerging players into the country are leading to an increase in the country’s access to cost-effective flow cytometry products.
For instance, in May 2019, NanoCellect Biomedical, Inc., a manufacturer of flow cytometry and cell sorting technology solutions, selected Seoul-based DAON BioSciences as its exclusive distributor in South Korean market. Such trends are expected to boost the local market in the coming years.
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Target buyers of South Korea analytical instrumentation market databook
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Our clientele includes a mix of analytical instrumentation 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea analytical instrumentation market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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South Korea analytical instrumentation market size, by product, 2021-2033 (US$M)
South Korea Analytical Instrumentation Market Outlook Share, 2024 & 2033 (US$M)
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