South Korea Circulating Tumor Cells Market Size & Outlook
South Korea circulating tumor cells market, 2018-2030 (US$M)
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South Korea circulating tumor cells market highlights
- The South Korea circulating tumor cells market generated a revenue of USD 393.3 million in 2023 and is expected to reach USD 988.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, ctc detection & enrichment methods was the largest revenue generating technology in 2023.
- CTC Analysis is the most lucrative technology segment registering the fastest growth during the forecast period.
Circulating tumor cells market data book summary
| Market revenue in 2023 | USD 393.3 million |
| Market revenue in 2030 | USD 988.7 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Ctc detection & enrichment methods |
| Fastest growing segment | CTC Analysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CTC Detection & Enrichment Methods, CTC Direct Detection Methods, CTC Analysis |
| Key market players worldwide | Qiagen NV, Bio-Techne Corp, Praxis Precision Medicines Inc Ordinary Shares, Aviva PLC, Biocept Inc, Neurocrine Biosciences Inc, Greiner Bio-One, Miltenyi Biotec, Icon PLC, Ecolab Inc, Arcus Biosciences Inc, Epic Corp, Screen Holdings Co Ltd, Menarini Group, Vtex Ordinary Shares - Class A, Sysmex Corp, STEMCELL Technologies |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.4% of the global circulating tumor cells market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China circulating tumor cells market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,897.6 million by 2030.
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Circulating Tumor Cells Market Scope
Circulating Tumor Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea circulating tumor cells 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 circulating tumor cells market will help companies and investors design strategic landscapes.
Ctc detection & enrichment methods was the largest segment with a revenue share of 66.49% in 2023. Horizon Databook has segmented the South Korea circulating tumor cells market based on ctc detection & enrichment methods, ctc direct detection methods, ctc analysis covering the revenue growth of each sub-segment from 2018 to 2030.
The market is expected to grow with a lucrative growth rate over the forecast period due to opportunities for generic manufacturers and attractive drug pricing policies for the products. An article published in June 2020 suggested that OECD countries use 70% of generics from the total medicines used.
However, South Korea accounts for 61.8% of generics by volume and 47.7% by value. This represents a significant growth opportunity for generic pharmaceuticals. The government of South Korea is focusing on reduction of the prices of generic products and expand their usage to reduce the total healthcare expenditure on pharmaceuticals.
However, the price capping on the products could negatively impact the market and opportunities for branded generic players, impeding market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea circulating tumor cells market , including forecasts for subscribers. This country databook contains high-level insights into South Korea circulating tumor cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea circulating tumor cells market size, by technology, 2018-2030 (US$M)
South Korea Circulating Tumor Cells Market Outlook Share, 2023 & 2030 (US$M)
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