South Korea Cell Therapy Market Size & Outlook, 2023-2030
South Korea Cell Therapy Market, 2018-2030 (US$M)
Global Market
Related Markets
South Korea cell therapy market highlights
- The South Korea cell therapy market generated a revenue of USD 368.0 million in 2023 and is expected to reach USD 1,399.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 21% from 2024 to 2030.
- In terms of segment, autologous therapies was the largest revenue generating therapy type in 2023.
- Allogeneic Therapies is the most lucrative therapy type segment registering the fastest growth during the forecast period.
Cell therapy market data book summary
| Market revenue in 2023 | USD 368.0 million |
| Market revenue in 2030 | USD 1,399.3 million |
| Growth rate | 21% (CAGR from 2023 to 2030) |
| Largest segment | Autologous therapies |
| Fastest growing segment | Allogeneic Therapies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Allogeneic Therapies, Autologous Therapies |
| Key market players worldwide | Novartis AG ADR, Gilead Sciences Inc, Bristol-Myers Squibb Co, Johnson & Johnson, JCR Pharmaceuticals Co Ltd, JW (Cayman) Therapeutics Co Ltd Ordinary Shares, Atara Biotherapeutics Inc, Medipost, Beiersdorf AG, Nkarta Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, South Korea accounted for 7.8% of the global cell therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea cell therapy 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 103.7 million by 2030.
The South Korea cell therapy market is expected to exhibit lucrative growth due to various strategic initiatives undertaken by local players and international companies. The COVID-19 pandemic led to an increase in stem cell therapies for treating the condition. For instance, in August 2022, Panacell Biotech announced that it would be using Natural Killer (NK) cells, brown Adipose-Derived Stem Cells (ADSC), and exosomes for treating COVID-19 infection.
Furthermore, several companies are focusing on cell & gene therapy and tissue-based products. Industry participants are undertaking numerous strategies to remain competitive in the country. For instance, in April 2022, Daewoong Pharmaceutical collaborated with UCI Therapeutics for CAR-NK cell therapy development.
Under the partnership, the two organizations would cooperate in inventing immune cell therapy based on their production capabilities and cell therapy development technologies. Such collaborations among key players for the development of cell therapy are expected to boost the market over the forecast period.
Key Regions:U.S., UK, Japan, South Korea, Germany
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Cell Therapy Market Scope
Cell Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Bristol-Myers Squibb Co | View profile | 34,100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | www.bms.com |
| Beiersdorf AG | View profile | 21,958 | Unnastrasse 48, Hamburg, Germany, 22529 | www.beiersdorf.com |
| Gilead Sciences Inc | View profile | 18,000 | 333 Lakeside Drive, Foster, CA, United States, 94404 | www.gilead.com |
| JCR Pharmaceuticals Co Ltd | View profile | 932 | 3-19 Kasuga-cho, Ashiya, Hyogo, Japan, 659-0021 | www.jcrpharm.co.jp |
| Medipost | View profile | 51-100 | Seongnam, Kyonggi-do, South Korea, Asia | www.medi-post.com/ |
| JW (Cayman) Therapeutics Co Ltd Ordinary Shares | View profile | 398 | No. 699 Zhong Ke Road, 5F, Building B, Pudong New District, Shanghai, China, People's Republic of | www.jwtherapeutics.com |
| Atara Biotherapeutics Inc | View profile | 173 | 2380 Conejo Spectrum St, Suite 200, Thousand Oaks, CA, United States, 91320 | www.atarabio.com |
| Nkarta Inc Ordinary Shares | View profile | 150 | 1150 Veterans Boulevard, South San Francisco, CA, United States, 94080 | www.nkartatx.com |
South Korea Cell Therapy 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 Cell Therapy Market Outlook will help companies and investors design strategic landscapes.
Autologous Therapies was the largest segment with a revenue share of 68.12% in 2023.
Horizon Databook has segmented the South Korea cell therapy market based on allogeneic therapies, autologous therapies covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea cell therapy market is expected to exhibit lucrative growth due to various strategic initiatives undertaken by local players and international companies. The COVID-19 pandemic led to an increase in stem cell therapies for treating the condition. For instance, in August 2022, Panacell Biotech announced that it would be using Natural Killer (NK) cells, brown Adipose-Derived Stem Cells (ADSC), and exosomes for treating COVID-19 infection.
Furthermore, several companies are focusing on cell & gene therapy and tissue-based products. Industry participants are undertaking numerous strategies to remain competitive in the country. For instance, in April 2022, Daewoong Pharmaceutical collaborated with UCI Therapeutics for CAR-NK cell therapy development.
Under the partnership, the two organizations would cooperate in inventing immune cell therapy based on their production capabilities and cell therapy development technologies. Such collaborations among key players for the development of cell therapy are expected to boost the market over the forecast period.
- South Korea Cell Therapy Market Therapy Type Outlook (Revenue, USD Million , 2018-2030)
- Allogeneic Therapies
- Autologous Therapies
- South Korea Cell Therapy Market Therapeutic Area Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Cardiovascular Disease (CVD)
- Musculoskeletal Disorders
- Dermatology
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Cell Therapy Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Cell Therapy Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Cell Therapy Market, 2018-2030 (US$M)
South Korea cell therapy market statistics, by therapy type, 2018-2030 (US$M)
