South Korea Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
South Korea nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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South Korea nuclear magnetic resonance spectroscopy market highlights
- The South Korea nuclear magnetic resonance spectroscopy market generated a revenue of USD 13.4 million in 2023 and is expected to reach USD 19.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, academic was the largest revenue generating end use in 2023.
- Pharmaceutical & Biotech companies is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 13.4 million |
| Market revenue in 2030 | USD 19.8 million |
| Growth rate | 5.7% (CAGR from 2024 to 2030) |
| Largest segment | Academic |
| Fastest growing segment | Pharmaceutical & Biotech companies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Academic, Pharmaceutical & Biotech companies, Agriculture and Food, Chemical Industries |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan nuclear magnetic resonance spectroscopy 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 48.9 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Academic was the largest segment with a revenue share of 43.28% in 2023. Horizon Databook has segmented the South Korea nuclear magnetic resonance spectroscopy market based on academic, pharmaceutical & biotech companies, agriculture and food, chemical industries covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits high potential for R&D capabilities in the pharmaceutical and biopharmaceutical sectors, which is expected to boost the demand for NMR spectroscopy products. Cancer research has become a national priority for the government of Korea.
The government supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create a high demand for NMR spectroscopy tools. Moreover, increasing focus on developing novel NMR methods by the major research institutions in the country is anticipated to drive growth in the South Korea market during the forecast period.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
South Korea Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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