South Korea Transcriptomics Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The South Korea transcriptomics market is experiencing significant growth due to its applications in various industries, particularly healthcare and biotechnology. Transcriptomics, which involves the study of RNA transcripts produced by the genome under specific conditions, plays a crucial role in understanding diseases, drug development, and personalized medicine. As industries in South Korea are focusing on advanced healthcare solutions and biotechnology innovations, the demand for transcriptomics technologies is increasing rapidly.
One of the major applications of transcriptomics is in disease diagnosis and treatment. By analyzing gene expression, researchers can identify biomarkers for diseases like cancer, neurological disorders, and autoimmune conditions. This allows for more accurate diagnoses and the development of targeted therapies, which is particularly important in personalized medicine. The pharmaceutical industry in South Korea is heavily investing in transcriptomics to develop drugs that are tailored to individual genetic profiles, enhancing their efficacy and reducing side effects.
Moreover, transcriptomics is vital in the agricultural and environmental sectors. In agriculture, it aids in understanding plant responses to environmental stress, pest attacks, and diseases. This information is crucial for developing genetically modified crops that are resistant to these challenges. South Korean agricultural firms are leveraging transcriptomics to boost crop yields and improve food security, aligning with the nation's focus on sustainable agricultural practices.
The South Korean transcriptomics market also faces certain challenges and requirements from industries. One of the main requirements is the need for advanced technological infrastructure. The accuracy and reliability of transcriptomics data depend on high-quality sequencing technologies and computational tools for data analysis. Industries are seeking solutions that can provide real-time, cost-effective, and high-throughput transcriptomics data.
Furthermore, skilled professionals are in high demand to analyze the vast amounts of data generated by transcriptomics studies. This requirement is driving educational institutions in South Korea to offer specialized programs to develop talent in the field. The collaboration between research institutions, healthcare providers, and biotechnology companies is essential for advancing transcriptomics applications and meeting industry needs.
As the South Korea transcriptomics market continues to expand, industries are increasingly relying on these technologies to innovate and enhance their offerings, driving the country’s position as a leader in biomedical and agricultural research.
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Thermo Fisher Scientific
Illumina
QIAGEN (Exiqon)
Agilent Technologies
Roche
GE Healthcare
Bio-Rad Laboratories
Fluidigm
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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 Transcriptomics Market
Reagents
Instruments
Software
Consumables
RNA Sequencing (RNA-Seq)
Microarray Analysis
Quantitative PCR (qPCR)
Single-Cell RNA Sequencing
Clinical Diagnostics
Drug Discovery
Personalized Medicine
Biomarker Discovery
Academic and Research Institutes
Pharmaceutical and Biotech Companies
Clinical Laboratories
Contract Research Organizations (CROs)
Sample Preparation
Library Preparation
Sequencing
Data Analysis
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Transcriptomics 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 Transcriptomics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Transcriptomics Market, By Type
6. South Korea Transcriptomics Market, By Application
7. South Korea Transcriptomics Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Transcriptomics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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