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The IVD Market in South Korea, 2024

Publication Date: February 26, 2024

SKU: 24-013

Tags: APAC, Asia, Clinical Chemistry, Cytology, Diagnostics Market Research, Histology, Immunoassay, Korea, Microbiology, Molecular Testing, POC, Point-of-Care (POC) Diagnostics, South Korea

Pages: 70

SKU: 24-013

Gain valuable insights into South Korea’s in vitro diagnostics (IVD) market with Kalorama Information’s comprehensive report, The IVD Market in South Korea, 2024. We offer a detailed analysis of South Korea’s IVD revenues for 2023 and forecasts for 2028, segmented into key categories such as clinical chemistry, immunoassay, microbiology/molecular testing, point-of-care (POC), and histology/cytology. Our report also includes trends influencing the industry and country-level data, including disease incidence, life expectancy, population demographics, economic status, healthcare utilization, and other market influences. 

Stay ahead of the competition with our in-depth analysis of South Korea’s IVD market. Order now to receive valuable insights that can help drive your business forward!

 

Key Segments Covered: 

  • Clinical Chemistry: Includes routine lab testing, urinalysis, blood chemistry testing, hematology, and hemoglobin tests. 
  • Immunoassays: Covers hormones, thyroid function, tumor markers, allergy, anemia, neonatal tests, prenatal tests, interleukins, PCT, toxicology, and common infectious diseases. 
  • Microbiology and Molecular Testing: Includes manual and automated tests, culture media, transport media, blood culture, sensitivity discs, and nucleic acid testing. 
  • Point-of-Care Testing: Encompasses POC tests for cardiology, toxicology, coagulation, diabetes, infectious diseases, blood gas, electrolytes, and glucose self-monitoring tests. 
  • Histology/Cytology: Covers PAP, HE, IHC, ISH, FISH, primary and secondary antibodies. 

 

Scope:

Our report is based on primary and secondary research conducted between January 2024 and February 2024. We interviewed industry participants, government officials, medical device regulators, distributors, healthcare providers, and global market participants. Secondary data sources included government databases, company literature, medical journals, and reports. All market data pertains to the South Korean IVD market at the manufacturers’ level, with data for 2023 and forecasts up to 2028 provided. Compound annual growth rates (CAGRs) are provided for the 2023-2028 period. 

 

Why Choose Our Report: 

  • Comprehensive Overview: Get a detailed analysis of South Korea’s IVD market and the factors shaping it. 
  • Industry Trends: Stay informed about the latest trends influencing the IVD market in South Korea. 
  • Strategic Insights: Use our data to make informed decisions and develop effective strategies for your business. 

 

 

Table: South Korea In Vitro Diagnostic Sales, by Extracted Market Segment, 2023-2028 (in millions $)

Segment  2023  2028  CAGR 
General Chemistry  $XX Million  $XX Million  XX% 
Blood Gas Analysis  $XX Million  $XX Million  XX% 
Urinalysis  $XX Million  $XX Million  XX% 
Hematology  $XX Million  $XX Million  XX% 
Hemoglobin  $XX Million  $XX Million  XX% 
Infectious Disease Immunoassays  $XX Million  $XX Million  XX% 
Non-infectious Disease Immunos  $XX Million  $XX Million  XX% 
Blood Bank Screening Immunoassays  $XX Million  $XX Million  XX% 
POC Glucose  $XX Million  $XX Million  XX% 
POC Infectious Disease  $XX Million  $XX Million  XX% 
POC Other  $XX Million  $XX Million  XX% 
ID/AST  $XX Million  $XX Million  XX% 
Microbiology Molecular  $XX Million  $XX Million  XX% 
Blood Screening NAT  $XX Million  $XX Million  XX% 
HPV  $XX Million  $XX Million  XX% 
CTC  $XX Million  $XX Million  XX% 
Other Histology  $XX Million  $XX Million  XX% 
Others  $XX Million  $XX Million  XX% 
Total  $XX Million  $XX Million  XX% 

Source: Kalorama Information     

For further details and to purchase directly, please contact us.

Table of Contents

Chapter 1: Executive Summary

Industry Overview

Scope and Methodology

South Korea IVD Market Summary

  • Figure 1-1: South Korea In Vitro Diagnostic Sales by Market Segment, 2023-2028 ($M)

Company Profiles

 

Chapter 2: South Korea Overview

Population

  • Table 2-1: Total Midyear Population by Broad Age Group: South Korea, 2010-2050 (million persons)
  • Figure 2-1: Total Midyear Population by Broad Age Group: South Korea, 2010-2050 (million persons)
  • Figure 2-2: Total Number of Births in South Korea, by Year, 1990-2010 and Forecast 2020-2050
  • Figure 2-3: South Korea Life Expectancy at Birth in Years, 2010-2050

Health Indicators

General Health

Disease Profiles in South Korea

  • Table 2-2: Number of Deaths Attributed to Non-Communicable Diseases, by Type of Disease, All Sexes, 2019
  • Table 2-3: Top 5 Cancers Affecting South Korean Population (ranked by total number of cases), 2020
  • Figure 2-4: Tuberculosis – New and Relapse Case Notifications, 2000-2021

Economy and Health Spending

  • Figure 2-5: South Korea GDP, GDP (PPP) and Health Spending, 1990-2020 ($B)
  • Figure 2-6: South Korea Distribution of Income or Consumption by Quintile, 2011-2016

Health Infrastructure

  • Figure 2-7: Healthcare System in Korea

Medical Facilities

Hospital Bed Density

  • Figure 2-8: Hospital Bed Density per 1,000 Population, by Country, 2023 Estimates

Physicians

  • Figure 2-9: Physician Density per 1,000 Population, by Country, 2023 Estimates

Medical Tourism

  • Figure 2-10: South Korea Medical Tourism Visits Reported, 2009-2021 (# of patients)

Medical Device Regulation

  • Figure 2-11: Medical Device Approval Process, South Korea

Regulatory News

Precision Medicine and NGS

Physician Shortage in South Korea

  • Table 2-4: Market Divers and Inhibitors for Entering South Korea’s Medical Device Market
  • Figure 2-12: South Korea Medical Device Market Growth as a Global Comparison, 2023-2028 CAGR (%)

 

Chapter 3: IVD Markets in South Korea

Market Summary

  • Table 3-1: South Korea In Vitro Diagnostic Sales, by Extracted Market Segment (Blood Bank Screening Immunoassays, Blood Gas Analysis, Blood Screening NAT, CTC, General Chemistry, Hematology, Hemoglobin, HPV, ID/AST, Infectious Disease Immunoassays, Microbiology Molecular, Non-infectious Disease Immunos, Other Histology, POC Glucose, POC Infectious Disease, POC Other, Urinalysis, Others), 2023-2028 ($M)
  • Figure 3-1: South Korea In Vitro Diagnostic Sales, by Broad Market Segment (Clinical Chemistry, Histology, Immunoassay, Microbiology, POC, Other), 2023-2028 ($M)
  • Figure 3-2: South Korea In Vitro Diagnostic Sales, by Broad Market Segment (Clinical Chemistry, Histology, Immunoassay, Microbiology, POC, Other), 2023 Market Distribution (%)

Clinical Chemistry

Hematology

Hemoglobin

Blood Gas Analysis

Urinalysis

  • Figure 3-3: South Korea – Clinical Chemistry Market (Blood Gas Analysis, General Chemistries, Hematology, Hemoglobin, Urinalysis), 2023-2028

Immunoassay

Non Infectious Disease Immunoassays

Infectious Disease Immunoassays

  • Figure 3-4: South Korea Immunoassay Infectious Disease Market Distribution, by Disease (Blook Bank Screening Immunos, HAIs/Sepsis, Hepatitis, HIV, Mycology, Parasitology, Respiratory [w/ COVID], STD, ToRCH, Other [EBV, Chagas, Dengue, Malaria, etc.]), 2023 (%)

Blood Bank Screening Immunoassays

  • Figure 3-5: South Korea – Immunoassay Market Value, by Segment (Blood Bank Screening, Infectious Disease, Non-infectious Disease), 2023-2028 ($M)

Microbiology/Molecular

ID/AST

  • Figure 3-6: South Korea ID/AST Manual, Auto Market Distribution, 2023 (%)

Molecular Diagnostics

  • Figure 3-7: South Korea Molecular Infectious Disease Market Distribution, by Segment (Molecular Blood Screening – NAT, Molecular HAI [c. diff/sepsis, MRSA, VRE, others], Molecular Hepatitis, Molecular HIV, Molecular Mycobacteria/TB, Molecular Other Microbiology, Molecular STD, Respiratory w/ COVID), 2023 (%)

Blood Screening

  • Figure 3-8: South Korea Microbiology/Molecular Testing Market Value, by Segment (Blood Screening-NAT, ID/AST, Molecular Dx), 2023-2028 ($M)

Point-of-Care

POC Glucose

POC Infectious Disease

  • Figure 3-9: South Korea POC Market Value, by Segment (Glucose, Infectious Disease, Other POC),  2023-2028 ($M)

Histology

HPV

CTC

  • Figure 3-10: South Korea – Histology Market (HPV, CTC, Others), 2023-2028 ($M)

 

Chapter 4: Major Market Participants

Abbott Laboratories

  • Table 4-1: Abbott Corporate Summary

Company Overview

Becton Dickinson (BD)

  • Table 4-2: BD Corporate Summary

Company Overview

Bertis, Inc

  • Table 4-3:  Bertis Corporate Summary

Company Overview

bioMerieux SA

  • Table 4-4: bioMerieux SA Corporate Summary

Company Overview

Bio-Rad Laboratories Inc.

  • Table 4-5: Bio-Rad Labs Corporate Summary

Company Overview

Danaher Corporation

  • Table 4-6: Danaher Corporation Summary

Company Overview

Fujirebio Inc

  • Table 4-7: Fujirebio Corporate Summary

Company Overview

Gencurix

  • Table 4-8: Gencurix Corporation Summary

Company Overview

Roche Diagnostic Corporation

  • Table 4-9: Roche Diagnostic Corporate Summary

Company Overview

SD Biosensor

  • Table 4-10: SD Biosensor Corporate Summary

Company Overview

Seegene, Inc.

  • Table 4-11: Seegene Corporate Summary

Company Overview

Siemens Healthineers GmbH

  • Table 4-12: Siemens Healthineers Corporate Summary

Company Overview

Sugentech

  • Table 4-13: Sugentech Corporate Summary

Company Overview

Sysmex Corporation

  • Table 4-14: Sysmex Corporate Summary

Company Overview

Thermo Fisher Scientific

  • Table 4-15: Thermo Fisher Corporate Summary

Company Overview

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