South Korea Non Invasive Prenatal Testing Market Size & Outlook
South Korea non invasive prenatal testing market, 2018-2030 (US$M)
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South Korea non invasive prenatal testing market highlights
- The South Korea non invasive prenatal testing market generated a revenue of USD 56.1 million in 2022 and is expected to reach USD 131.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.3% from 2023 to 2030.
- In terms of segment, 13-24 weeks was the largest revenue generating gestation period in 2022.
- 0-12 weeks is the most lucrative gestation period segment registering the fastest growth during the forecast period.
Non invasive prenatal testing market data book summary
| Market revenue in 2022 | USD 56.1 million |
| Market revenue in 2030 | USD 131.9 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | 13-24 weeks |
| Fastest growing segment | 0-12 weeks |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 0-12 weeks, 13-24 weeks, 25-36 weeks |
| Key market players worldwide | CooperSurgical, Natera Inc, Eurofins Scientific SE, Illumina Inc, Centogene NV Ordinary Shares, MedGenome, Myriad Genetics Inc, Roche Holding AG, Qiagen NV, Labcorp Holdings Inc, Quest Diagnostics Inc, Biora Therapeutics |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global non invasive prenatal testing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China non invasive prenatal 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 242.4 million by 2030.
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Non Invasive Prenatal Testing Market Scope
Non Invasive Prenatal Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea non invasive prenatal 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 non invasive prenatal testing market will help companies and investors design strategic landscapes.
13-24 weeks was the largest segment with a revenue share of 52.41% in 2022. Horizon Databook has segmented the South Korea non invasive prenatal testing market based on 0-12 weeks, 13-24 weeks, 25-36 weeks covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, the proportion of elderly pregnant women has dramatic rise in elderly pregnancy has raised worries about the high risk of fetal aneuploidies. In South Korea, the expected number of infants with Down syndrome is 4.5 per 10,000 births. According to South Korean government statistics, more than 97.5% of pregnant women are given some form of serum screening test for detecting fetal aneuploidies during pregnancy. Increasing R&D investments by key pharmaceutical companies in South Korea are expected to create a lucrative environment for market growth. For instance, in December 2019, Roche Diagnostics Korea announced plans to encourage the use of a non-invasive prenatal test (NIPT) in the Korean market. In 2016, the business launched its NIPT, Harmony, in the local market. To send retrieved samples to U.S. testing institutions and receive results, the firm used the "test and send out" (TSO) technique.
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Our clientele includes a mix of non invasive prenatal testing 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea non invasive prenatal testing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea non invasive prenatal testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea non invasive prenatal testing market size, by gestation period, 2018-2030 (US$M)
South Korea Non Invasive Prenatal Testing Market Outlook Share, 2022 & 2030 (US$M)
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