South Korea Hereditary Testing Market Size & Outlook
South Korea hereditary testing market, 2018-2030 (US$M)
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South Korea hereditary testing market highlights
- The South Korea hereditary testing market generated a revenue of USD 119.3 million in 2023 and is expected to reach USD 212.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, hereditary non-cancer testing was the largest revenue generating disease type in 2023.
- Hereditary Non-cancer Testing is the most lucrative disease type segment registering the fastest growth during the forecast period.
Hereditary testing market data book summary
| Market revenue in 2023 | USD 119.3 million |
| Market revenue in 2030 | USD 212.0 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Hereditary non-cancer testing |
| Fastest growing segment | Hereditary Non-cancer Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hereditary Cancer Testing, Hereditary Non-cancer Testing |
| Key market players worldwide | Myriad Genetics Inc, Invitae Corp, Illumina Inc, Natera Inc, Labcorp Holdings Inc, Roche Holding AG ADR, Quest Diagnostics Inc, CooperSurgical, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Twist Bioscience Corp, Sophia Genetics SA, Fulgent Genetics Inc, MedGenome, Centogene NV Ordinary Shares, The Cooper Companies Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global hereditary testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hereditary testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 417.9 million by 2030.
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Hereditary Testing Market Scope
Hereditary Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea hereditary testing 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 hereditary testing market will help companies and investors design strategic landscapes.
Hereditary non-cancer testing was the largest segment with a revenue share of 86.42% in 2023. Horizon Databook has segmented the South Korea hereditary testing market based on hereditary cancer testing, hereditary non-cancer testing covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's hereditary testing market is driven by ongoing expansion of NIPTs by local and international players. In December 2019, Roche Diagnostics Korea announced that it would promote application of NIPT in Korea.
In 2016, it introduced an NIPT solution, Harmony, which implemented a test-and-send-out approach to send extracted samples to U.S. test institutions and receive results. To improve NIPTs in Korea, the company would have to directly conduct these tests, thereby saving time and costs.
NIPT based on digital PCR developed by Korean company BioCore is increasingly being adopted by research studies to screen trisomy 21, due to its high sensitivity and real-time diagnosis to help overcome challenges faced in sequence-based analysis.
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Our clientele includes a mix of hereditary testing market companies, investment firms, advisory firms & academic institutions.
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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 hereditary testing market, including forecasts for subscribers. This country databook contains high-level insights into South Korea hereditary testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hereditary testing market size, by disease type, 2018-2030 (US$M)
South Korea Hereditary Testing Market Share, 2023 & 2030 (US$M)
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