South Korea In Vitro Diagnostics Quality Control Market Size & Outlook
South Korea in vitro diagnostics quality control market, 2018-2030 (US$M)
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South Korea in vitro diagnostics quality control market highlights
- The South Korea in vitro diagnostics quality control market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 21.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, controls was the largest revenue generating product in 2023.
- Calibrators is the most lucrative product segment registering the fastest growth during the forecast period.
In vitro diagnostics quality control market data book summary
| Market revenue in 2023 | USD 16.4 million |
| Market revenue in 2030 | USD 21.7 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Controls |
| Fastest growing segment | Calibrators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Controls, Calibrators |
| Key market players worldwide | Siemens Healthineers AG ADR, Abbott Laboratories, Bio-Rad Laboratories Inc, Danaher Corp, Roche Holding AG ADR, Sysmex Corp, QuidelOrtho Corp, Thermo Fisher Scientific Inc, BD, Merck KGaA, Qiagen NV, Hologic Inc, Bio-Techne Corp, Randox, Helena Laboratories, Seracare Life Sciences, Fortress Diagnostics, Microbiologics, TRINA BIOREACTIVES, Cone Bioproducts, Biorex Food Diagnostics |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global in vitro diagnostics quality control market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China in vitro diagnostics quality control 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 38.1 million by 2030.
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In Vitro Diagnostics Quality Control Market Scope
In Vitro Diagnostics Quality Control Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea in vitro diagnostics quality control 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 in vitro diagnostics quality control market will help companies and investors design strategic landscapes.
Controls was the largest segment with a revenue share of 48.17% in 2023. Horizon Databook has segmented the South Korea in vitro diagnostics quality control market based on controls, calibrators covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean clinical diagnostic industry is technologically advanced and consumer expenditure is significantly high on healthcare. There is a growing adoption of technologically advanced diagnostic devices in the country, which need constant calibration.
Moreover, coverage of the entire population under the Korean National Health Insurance System improves the adoption rate of diagnostics in the country, thus acting as a driver for the IVD quality control market.
Moreover, the local presence of key players and the adoption of various market strategies to expand their market footprints in the country are factors leading to an increase in the country’s access to cost-effective quality control products.
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Target buyers of South Korea in vitro diagnostics quality control market databook
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Our clientele includes a mix of in vitro diagnostics quality control 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea in vitro diagnostics quality control market , including forecasts for subscribers. This country databook contains high-level insights into South Korea in vitro diagnostics quality control market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea in vitro diagnostics quality control market size, by product, 2018-2030 (US$M)
South Korea In Vitro Diagnostics Quality Control Market Outlook Share, 2023 & 2030 (US$M)
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