Custom Assay Development Service Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 3.2 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
The Custom Assay Development Service Market in South Korea is experiencing significant growth, driven by the country's robust biotechnology sector and the increasing demand for personalized medicine. As of 2023, the market has seen a substantial rise in revenue, with projections indicating continued expansion through 2030.
Key factors contributing to this growth include:
Biotechnology Advancements: South Korea's biotechnology market reached USD 13.6 billion in 2023, with expectations to grow at a CAGR of 6.10% from 2024 to 2032. This growth is fueling the demand for custom assays in various applications.
Pharmaceutical Analytical Testing: The pharmaceutical analytical testing outsourcing market in South Korea generated USD 165.5 million in 2023 and is projected to reach USD 324.0 million by 2030, growing at a CAGR of 10.1%.
Bioanalytical Testing Services: This segment is anticipated to grow at a CAGR of 9.7% from 2024 to 2030, highlighting the increasing need for specialized assay development.
Industries are increasingly seeking custom assay development services to meet specific research and diagnostic needs. The primary requirements from these industries include:
High Sensitivity and Specificity: Custom assays must provide accurate and reliable results for various biomarkers.
Rapid Turnaround Time: Industries require quick development and validation of assays to accelerate research and product development.
Regulatory Compliance: Assays must meet stringent regulatory standards to ensure safety and efficacy.
Moreover, the integration of artificial intelligence (AI) in diagnostics is further enhancing the capabilities of custom assays, allowing for more precise and efficient analysis. South Korea's commitment to innovation and quality in the healthcare sector positions it as a key player in the global custom assay development landscape.
Get an In-Depth Research Analysis of the South Korea Custom Assay Development Service Market Size And Forecast [2025-2032]
Eurofins Scientific
PerkinElmer
Champions Oncology
Inc
Precision for Medicine
Sygnature Discovery
Merck KGaA
Plexbio
Cygnus Technologies
Luminex Corporation
Gyros Protein Technologies AB
Mission Bio
Camtech Innovations
ProteoGenix
Selvita
Multispan
Inc.
Capra Science
Agena Bioscience
Inc.
Celemics
Inc.
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 Custom Assay Development Service Market
In vitro Assays
In vivo Assays
Biochemical Assays
Cell-Based Assays
Functional Assays
Enzyme-Linked Immunosorbent Assay (ELISA)
Western Blotting
Fluorescent and Luminescent Assays
Polymerase Chain Reaction (PCR)
Mass Spectrometry
Drug Discovery and Development
Clinical Diagnostics
Biomarker Discovery
Toxicology Testing
Research and Academic Institutions
Pharmaceutical Companies
Biotechnology Firms
Research Institutions
Clinical Laboratories
Contract Research Organizations (CROs)
Custom Assay Kits
Services (Consultation, Development & Validation)
Reagents and Consumables
Instrumentation and Software
Support and Maintenance Services
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Custom Assay Development Service 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 Custom Assay Development Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Custom Assay Development Service Market, By Type
6. South Korea Custom Assay Development Service Market, By Application
7. South Korea Custom Assay Development Service Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Custom Assay Development Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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