South Korea Point-of-care Glucose Testing Market Size & Outlook
South Korea point-of-care glucose testing market, 2018-2030 (US$M)
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South Korea point-of-care glucose testing market highlights
- The South Korea point-of-care glucose testing market generated a revenue of USD 88.1 million in 2023 and is expected to reach USD 117.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, accu-chek inform ii was the largest revenue generating product in 2023.
- Freestyle Lite is the most lucrative product segment registering the fastest growth during the forecast period.
Point-of-care glucose testing market data book summary
| Market revenue in 2023 | USD 88.1 million |
| Market revenue in 2030 | USD 117.3 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accu Check Aviva Meter, Onetouch Verio Flex, I-STAT, Freestyle Lite, Bayer CONTOUR blood glucose monitoring system, True Metrix, Accu-Chek Inform II, StatStrip |
| Key market players worldwide | Roche, Abbott Laboratories, Nipro Corp, Nova Biomedical, ACON Laboratories, Bayer AG, EKF Diagnostics Holdings PLC |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.6% of the global point-of-care glucose testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan point-of-care glucose testing 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 244.0 million by 2030.
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Point-of-Care Glucose Testing Market Scope
Point-of-Care Glucose Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea point-of-care glucose 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 point-of-care glucose testing market will help companies and investors design strategic landscapes.
Accu-chek inform ii was the largest segment with a revenue share of 18.39% in 2023. Horizon Databook has segmented the South Korea point-of-care glucose testing market based on accu check aviva meter, onetouch verio flex, i-stat, freestyle lite, bayer contour blood glucose monitoring system, true metrix, accu-chek inform ii, statstrip covering the revenue growth of each sub-segment from 2018 to 2030.
According to International Diabetes Federation, there were around 3.6 million people living with diabetes, accounting for a prevalence rate of 8.8%, in 2019. The market in the region is primarily driven by new product launches and innovation in field of insulin patch pumps.
In addition, Korea is also witnessing revolutionary advancements in terms of sensors incorporated in minimally invasive as well as noninvasive glucose monitoring systems. For instance, Ulsan National Institute of Korea (UNIST) is engaged in the development of soft lenses for smart contact lenses including glucose detection.
Moreover, the Electronics and Telecommunications Research Institute in Korea (ETRI) is focusing on the development of fingertip glucose detection system via photoacoustic spectroscopy technology.
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Target buyers of South Korea point-of-care glucose testing market databook
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Our clientele includes a mix of point-of-care glucose 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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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 point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea point-of-care glucose testing market size, by product, 2018-2030 (US$M)
South Korea Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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