South Korea Newborn Screening Market Size & Outlook
The newborn screening market in South Korea is expected to reach a projected revenue of US$ 75.5 million by 2030. A compound annual growth rate of 10.4% is expected of South Korea newborn screening market from 2024 to 2030.
Revenue, 2023 (US$M)
$37.9
Forecast, 2030 (US$M)
$75.5
CAGR, 2024 - 2030
10.3%
Report Coverage
South Korea
South Korea newborn screening market, 2018-2030 (US$M)
Related Markets
South Korea newborn screening market highlights
- The South Korea newborn screening market generated a revenue of USD 37.9 million in 2023 and is expected to reach USD 75.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, tandem mass spectrometry was the largest revenue generating technology in 2023.
- DNA Assays is the most lucrative technology segment registering the fastest growth during the forecast period.
Newborn screening market data book summary
| Market revenue in 2023 | USD 37.9 million |
| Market revenue in 2030 | USD 75.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Tandem mass spectrometry |
| Fastest growing segment | DNA Assays |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tandem Mass Spectrometry, Pulse Oximetry, Enzyme-based Assay, DNA Assays, Electrophoresis |
| Key market players worldwide | Bio-Rad Laboratories Inc, Agilent Technologies, Agilent Technologies Inc, Covidien, Masimo Corp, Waters Corp, Natus Medical, GE HealthCare Technologies Inc Common Stock, PerkinElmer, Danaher Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.7% of the global newborn screening market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Thailand newborn screening 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 75.5 million by 2030.
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Newborn Screening Market Scope
Newborn screening market segmentation & scope
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Newborn Screening Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea newborn screening market size, by technology, 2018-2030 (US$M)
South Korea Newborn Screening Market Outlook Share, 2023 & 2030 (US$M)
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