South Korea Recombinant Protein Market was valued at USD 2.50 Billion in 2022 and is projected to reach USD 5.80 Billion by 2030, growing at a CAGR of 10.88% from 2024 to 2030.
The South Korea recombinant protein market is witnessing significant growth, driven by advancements in biotechnology and the increasing demand for therapeutic proteins. Recombinant proteins, which are produced through genetic engineering techniques, are pivotal in various industries, particularly in healthcare, pharmaceuticals, and research. These proteins are engineered to serve as essential components for drug development, diagnostics, and medical treatments. South Korea, known for its robust healthcare infrastructure and thriving biotech sector, has become a hub for recombinant protein production and application.
The pharmaceutical and healthcare industries are among the largest consumers of recombinant proteins, particularly in the treatment of diseases like cancer, diabetes, and autoimmune disorders. The demand for monoclonal antibodies and therapeutic proteins is escalating, making recombinant proteins indispensable in these sectors. South Korea's healthcare system is expanding rapidly, which, in turn, boosts the demand for these proteins. According to industry reports, South Korea is projected to continue increasing its expenditure on biotechnology, including recombinant proteins, due to its investment in cutting-edge medical technologies.
Moreover, research and development (R&D) in various sectors, including agriculture, environmental science, and industrial applications, significantly contribute to the recombinant protein market. Industries are increasingly using recombinant proteins for developing more efficient and sustainable processes. For instance, in the agricultural sector, these proteins help enhance crop resistance, leading to higher yield and disease resistance, which is a critical requirement given the challenges posed by climate change.
The biotechnology and pharmaceutical companies in South Korea are focused on improving the production processes for recombinant proteins. Efficient production methods are essential for meeting the growing market demand while ensuring cost-effectiveness. Bioreactors, genetic engineering techniques, and synthetic biology are just a few of the tools that are optimizing recombinant protein production in the country.
With advancements in production and demand from various sectors, the recombinant protein market in South Korea is poised for expansion. As industries continue to prioritize the use of these proteins in various applications, the market's growth trajectory appears promising. Companies in South Korea are focusing on innovation and partnerships to stay competitive in this fast-growing market, meeting the evolving needs of industries and healthcare sectors alike.
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R&D Systems
ProSpec
Thermo Fisher Scientific
GenScript
FiberCell Systems€Ž
Applied Biological Materials Inc Peprotech
Chimerigen
Origene
NOVUS
Abnova
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Recombinant Protein Market
Recombinant Therapeutics
Recombinant Vaccines
Recombinant Hormones
Recombinant Enzymes
Recombinant Antibodies
Microbial Source
Animal Cell Culture
Plant Cell Culture
Insect Cell Culture
Research and Development
Diagnostics
Therapeutics
Industrial Biotechnology
Pharmaceutical Companies
Biosimilar Manufacturers
Academic and Research Institutions
Contract Research Organizations (CROs)
Parenteral
Oral
Topical
Other Novel Delivery Systems
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Recombinant Protein Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Recombinant Protein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Recombinant Protein Market, By Type
6. South Korea Recombinant Protein Market, By Application
7. South Korea Recombinant Protein Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Recombinant Protein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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