South Korea Mycoplasma Testing Market Size & Outlook

The mycoplasma testing market in South Korea is expected to reach a projected revenue of US$ 58.4 million by 2030. A compound annual growth rate of 14.2% is expected of South Korea mycoplasma testing market from 2024 to 2030.
Revenue, 2023 (US$M)
$23.0
Forecast, 2030 (US$M)
$58.4
CAGR, 2024 - 2030
14.2%
Report Coverage
South Korea

South Korea mycoplasma testing market, 2018-2030 (US$M)

South

South Korea mycoplasma testing market highlights

  • The South Korea mycoplasma testing market generated a revenue of USD 23.0 million in 2023 and is expected to reach USD 58.4 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
  • In terms of segment, kits & reagents was the largest revenue generating product in 2023.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.


Mycoplasma testing market data book summary

Market revenue in 2023USD 23.0 million
Market revenue in 2030USD 58.4 million
Growth rate14.2% (CAGR from 2023 to 2030)
Largest segmentKits & reagents
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInstruments, Kits & Reagents, Services
Key market players worldwideThermo Fisher Scientific Inc, Lonza Group Ltd, Merck KGaA, Charles River Laboratories International Inc, Asahi Kasei Corp, Sartorius AG, Eurofins Scientific SE, PromoCell GmbH, ATCC, InvivoGen


Other key industry trends

  • In terms of revenue, South Korea accounted for 2.4% of the global mycoplasma testing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Japan mycoplasma testing 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 96.9 million by 2030.

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Mycoplasma Testing Market Companies

Name Profile # Employees HQ Website

South Korea mycoplasma testing 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 mycoplasma testing market will help companies and investors design strategic landscapes.


Kits & reagents was the largest segment with a revenue share of 54.35% in 2023. Horizon Databook has segmented the South Korea mycoplasma testing market based on instruments, kits & reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.


South Korea exhibits high potential for R&D capabilities in the pharmaceutical & biopharmaceutical sectors, which is expected to boost the demand for mycoplasma testing products for quality control. Cancer research has become a national priority for the Korean government.

Therefore, the Korean government supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create significant demand for cell culture products in the country, likely fueling the demand for mycoplasma testing services.

Furthermore, increasing R&D investments by major pharmaceutical companies in South Korea are anticipated to create a lucrative environment for market growth. For instance, in November 2021, Sartorius announced investments worth around USD 300 million (EUR 270 million) to be invested through the end of 2024 to expand its activities in the country.

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Target buyers of South Korea mycoplasma testing market databook

  • Our clientele includes a mix of mycoplasma testing 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 mycoplasma testing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mycoplasma testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea mycoplasma testing market size, by product, 2018-2030 (US$M)

South Korea Mycoplasma Testing Market Outlook Share, 2023 & 2030 (US$M)

South Korea mycoplasma testing market size, by product, 2018-2030 (US$M)

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