South Korea Chemiluminescence Immunoassay Market Size & Outlook
South Korea chemiluminescence immunoassay market, 2016-2028 (US$M)
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South Korea chemiluminescence immunoassay market highlights
- The South Korea chemiluminescence immunoassay market generated a revenue of USD 210.3 million in 2020 and is expected to reach USD 471.4 million by 2028.
- The South Korea market is expected to grow at a CAGR of 10.6% from 2021 to 2028.
- In terms of segment, consumables was the largest revenue generating product & services in 2020.
- Consumables is the most lucrative product & services segment registering the fastest growth during the forecast period.
Chemiluminescence immunoassay market data book summary
| Market revenue in 2020 | USD 210.3 million |
| Market revenue in 2028 | USD 471.4 million |
| Growth rate | 10.6% (CAGR from 2020 to 2028) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Software & Services |
| Key market players worldwide | Diasorin SpA, Abbott Laboratories, Siemens Healthineers AG ADR, QuidelOrtho Corp, shenzhen mindray automation equipment co., Immunodiagnostic Systems, Beckman Coulter, Roche Holding AG ADR, Roche, Inova Diagnostics, Maccura |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.9% of the global chemiluminescence immunoassay market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan chemiluminescence immunoassay market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 766.3 million by 2028.
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Chemiluminescence Immunoassay Market Scope
Chemiluminescence Immunoassay Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea chemiluminescence immunoassay 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 chemiluminescence immunoassay market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 66.38% in 2020. Horizon Databook has segmented the South Korea chemiluminescence immunoassay market based on consumables, instruments, software & services covering the revenue growth of each sub-segment from 2016 to 2028.
South Korea chemiluminescence immunoassay market is expected to exhibit lucrative growth over the forecast period owing to presence of an established healthcare system and high adoption of advanced CLIA solutions.
In addition, emergence of local CLIA manufacturers with efficient products has supported the market growth in the country. For instance, in April 2020, Plexense, Inc., a Korean immunoassay developer, launched an antibody testing kit for detection of COVID-19.
Furthermore, increasing prevalence of life-threatening diseases and growing geriatric population have created high demand for CLIA solutions. South Korea had a geriatric population of over 3.4 million in 2017, as per UN data.
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Our clientele includes a mix of chemiluminescence immunoassay market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea chemiluminescence immunoassay market , including forecasts for subscribers. This country databook contains high-level insights into South Korea chemiluminescence immunoassay market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea chemiluminescence immunoassay market size, by product & services, 2016-2028 (US$M)
South Korea Chemiluminescence Immunoassay Market Outlook Share, 2020 & 2028 (US$M)
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