South Korea Mass Spectrometry Market Size, Share, and COVID-19 Impact Analysis, By Product (Consumables & Services and Instruments), By Application (Metabolomics, Glycomics, Proteomics, Others), and South Korea Mass Spectrometry Market Insights, Industry Trend, Forecasts to 2035
Industry: Semiconductors & ElectronicsSouth Korea Mass Spectrometry Market Size Insights Forecasts to 2035
- The South Korea Mass Spectrometry Market Size was estimated at USD 136.6 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 7.51% from 2025 to 2035
- The South Korea Mass Spectrometry Market Size is Expected to Reach USD 302.9 Million by 2035
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According to a research report published by Spherical Insights & Consulting, the South Korea Mass Spectrometry Market Size is anticipated to reach USD 302.9 million by 2035, growing at a CAGR of 7.51% from 2025 to 2035. Mass spectrometer demand will rise as a result of government regulations on drug safety and the pharmaceutical industry's increased investment in R&D. The need for mass spectrometers will increase as more money is allocated to energy exploration and climate research.
Market Overview
The South Korea mass spectrometry market refers to the ecosystem of technologies, goods, services, and organizations engaged in the creation, supply, and use of mass spectrometry (MS) systems in South Korea is referred to as the mass spectrometry market in that country. Mass spectrometry is a sophisticated analytical method that is essential to the life sciences, pharmaceuticals, environmental testing, food safety, and clinical diagnostics because it can identify and quantify molecules based on their mass-to-charge ratio. Additionally, to improve data analysis and operational efficiency, mass spectrometry systems are increasingly integrating AI and ML. These technologies make it easier to process complicated datasets, leading to quicker and more precise results. Precision is essential in domains like biotechnology and personalized medicine, where this integration is especially advantageous. Moreover, to promote biotechnology innovation, the South Korean government has formed the Presidential Bio Committee and started programs like the "Advanced Bio Initiative." By combining biotechnology and digital technologies, these initiatives hope to advance the growth of bio-based materials and manufacturing sectors.
Report Coverage
This research report categorizes the market for the South Korea mass spectrometry market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mass spectrometry market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea mass spectrometry market.
South Korea Mass Spectrometry Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 136.6 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 7.51% |
2035 Value Projection: | USD 302.9 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 148 |
Tables, Charts & Figures: | 125 |
Segments covered: | By Product, By Application and COVID-19 Impact Analysis |
Companies covered:: | Young In Scientific Co., Ltd, Dong-il SH Co., Ltd., Korea Institute of Science and Technology, and Other key vendors |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The demand for high-precision analytical tools, especially mass spectrometry, is rising as a result of South Korea's increasing investments in drug development, discovery, and quality assurance. This technology plays a vital role in the development of personalized medicine, where precision and molecular-level understanding are essential for customized treatments, by identifying biomarkers and performing in-depth proteomic and metabolomic analyses. Additionally, in South Korea, the need for mass spectrometry is being greatly increased by the growing use of proteomics, metabolomics, and glycomics in both academic and clinical research. Mass spectrometers are vital instruments for precise molecular analysis, biomarker discovery, and personalized medicine initiatives since these sophisticated "omics" applications rely on their high sensitivity and precision.
Restraining Factors
Mass spectrometers are expensive analytical instruments that can be unaffordable for smaller labs and institutions due to the high initial investment needed for sophisticated systems. The total cost of ownership rises sharply above the purchase price due to ongoing maintenance, calibration, and consumable costs, erecting financial obstacles that prevent broad adoption in South Korea's scientific and industrial sectors.
Market Segmentation
The South Korea mass spectrometry market share is classified into product and application.
- The instruments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea mass spectrometry market is segmented by product into consumables & services and instruments. Among these, the instruments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Growing need for high-precision analytical instruments in environmental testing, biotechnology, and pharmaceuticals. Strong R&D facilities, government-sponsored scientific programs, and the growing application of mass spectrometry in omics technologies such as proteomics and metabolomics all contribute to the nation's growth. Furthermore, ongoing investment in state-of-the-art instrumentation is being driven by the necessity of sophisticated diagnostics and quality control in drug development.
- The proteomics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea mass spectrometry market is segmented by application into metabolomics, glycomics, proteomics, and others. Among these, the proteomics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is driven by its expanding use in the identification and measurement of proteins, which is crucial for comprehending intricate biological systems. The need for personalized medicine and biomarker discovery, especially in drug development and disease diagnostics, is also driving this.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mass spectrometry market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Young In Scientific Co., Ltd
- Dong-il SH Co., Ltd.
- Korea Institute of Science and Technology
- others
Recent Developments:
- In June 2025, A global leader in life science analytical technologies signed a strategic Memorandum of Understanding (MOU) with Chungnam National University. The agreement, signed by Chris Hagen, President of SCIEX, and Kim Jung-Kyum, President of Chungnam National University, emphasized the significance of this strategic alliance between the two institutions
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea mass spectrometry Market based on the below-mentioned segments:
South Korea Mass Spectrometry Market, By Product
- Consumables & services
- Instruments
South Korea Mass Spectrometry Market, By Application
- Metabolomics
- Glycomics
- Proteomics
- Others
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