Written by Mohit singh » Updated on: June 17th, 2025
Biotechnology Market- South Korea
Base Year: 2023
Market Size in 2023: USD 13.6 Billion
Market Size in 2032: USD 23.2 Billion
Market Growth Rate: 6.10% (2024-2032)
South Korea biotechnology sector has emerged as a global powerhouse, driven by substantial government investment, strong academic institutions, and a highly skilled workforce. According to IMARC Group, the market size is expected to exhibit a growth rate (CAGR) of 6.10% during 2024-2032.
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South Korea Biotechnology Industry Trends and Drivers:
South Korea Biotechnology Sector: A Global Powerhouse
Government Investment and Support
Strong Academic and Research Institutions
Biopharmaceuticals, Regenerative Medicine, and Medical Devices
Robust Pipeline of New Drug Candidates and Medical Devices
Collaborative Efforts Across Sectors
Strategic Location and International Expansion
We explore the factors propelling the South Korea biotechnology market growth, including technological advancements, consumer behaviors, and regulatory changes.
South Korea Biotechnology Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
Technology Insights:
Application Insights:
Regional Insights:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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