South Korea Prostate Cancer Diagnostics Market Size & Outlook
South Korea prostate cancer diagnostics market, 2018-2030 (US$M)
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South Korea prostate cancer diagnostics market highlights
- The South Korea prostate cancer diagnostics market generated a revenue of USD 203.8 million in 2023 and is expected to reach USD 378.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
Prostate cancer diagnostics market data book summary
| Market revenue in 2023 | USD 203.8 million |
| Market revenue in 2030 | USD 378.1 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing |
| Key market players worldwide | MDxHealth SA, Myriad Genetics Inc, Abbott Laboratories, Roche Holding AG, Bayer AG, Siemens Healthineers AG ADR, OPKO Health Inc, Exact Sciences Corp, Pfizer Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.6% of the global prostate cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China prostate cancer diagnostics 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 376.1 million by 2030.
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Prostate Cancer Diagnostics Market Scope
Prostate Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea prostate cancer diagnostics 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 prostate cancer diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 65.85% in 2023. Horizon Databook has segmented the South Korea prostate cancer diagnostics market based on hospitals, outpatient facilities, home care, research & manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
A study conducted in South Korea found that the risk of mortality associated to prostate cancer increases with the rising serum PSA concentration in men screened for the disease. The common guideline for biopsy state that results with PSA level < 1 ng/mL also increased the risk of death.
It was proven that low levels of PSA reflect a higher risk of prostate cancer. Thus, it fails to fulfill the goal of PSA screening to reduce the risk of uncertainty from prostate cancer; additionally, it increases unwanted biopsies. The study concluded that an increase in PSA screening can accelerate the risk of prostate cancer death in South Korean men.
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Target buyers of South Korea prostate cancer diagnostics market databook
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Our clientele includes a mix of prostate cancer diagnostics 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 prostate cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea prostate cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea prostate cancer diagnostics market size, by end use, 2018-2030 (US$M)
South Korea Prostate Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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