South Korea Bovine Tuberculosis Diagnosis Market Size & Outlook
South Korea bovine tuberculosis diagnosis market, 2018-2030 (US$M)
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South Korea bovine tuberculosis diagnosis market highlights
- The South Korea bovine tuberculosis diagnosis market generated a revenue of USD 10.3 million in 2022 and is expected to reach USD 16.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, traditional tests was the largest revenue generating test type in 2022.
- Molecular Diagnostic Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
Bovine tuberculosis diagnosis market data book summary
| Market revenue in 2022 | USD 10.3 million |
| Market revenue in 2030 | USD 16.9 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Traditional tests |
| Fastest growing segment | Molecular Diagnostic Tests |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serological Tests, Molecular Diagnostic Tests, Traditional Tests |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Thermo Fisher Scientific Inc, Asure Software Inc, Bio-Rad Laboratories Inc, BioNote, Enfer Medical, IDvet, PBD Biotech |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global bovine tuberculosis diagnosis market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bovine tuberculosis diagnosis market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.9 million by 2030.
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Bovine Tuberculosis Diagnosis Market Scope
Bovine Tuberculosis Diagnosis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea bovine tuberculosis diagnosis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bovine tuberculosis diagnosis market will help companies and investors design strategic landscapes.
Traditional tests was the largest segment with a revenue share of 59.22% in 2022. Horizon Databook has segmented the South Korea bovine tuberculosis diagnosis market based on serological tests, molecular diagnostic tests, traditional tests covering the revenue growth of each sub-segment from 2018 to 2030.
The number of Korean native and beef cattle accounted for 3.026 million in the first quarter of 2019. This figure rose by 78,000, i.e. 2.7% of the total population from the same quarter of the previous year.
An increasing cattle population further drives the risk of animal diseases, such as bTB, in South Korea. Thus, such factors are expected to drive market growth.
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Target buyers of South Korea bovine tuberculosis diagnosis market databook
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Our clientele includes a mix of bovine tuberculosis diagnosis market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea bovine tuberculosis diagnosis market , including forecasts for subscribers. This country databook contains high-level insights into South Korea bovine tuberculosis diagnosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea bovine tuberculosis diagnosis market size, by test type, 2018-2030 (US$M)
South Korea Bovine Tuberculosis Diagnosis Market Outlook Share, 2022 & 2030 (US$M)
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