South Korea In-vitro Diagnostics Market Size to Expand Significantly by the End of 2024 | Top Key Manufacturers – Abbott, Bio-Rad Lab, Danaher, Johnson & Johnson, Roche Diagnostics, Thermo Fisher Scientific

The report covers a forecast and an analysis of the In-vitro Diagnostics Market on a South Korea and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2024 based on revenue and volume.

Overview of the South Korea In-vitro Diagnostics Market:

The report spread across 68 pages is an overview of the South Korea In-vitro Diagnostics Market. These report study based on the In-vitro Diagnostics Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The South Korean In-vitro Diagnostics Market is expected to witness a CAGR of 5.4% during the forecast period. Some of the major key factors that are driving the market growth include the high prevalence of chronic diseases, increasing use of point-of-care (POC) diagnostics, advanced technologies, and increasing awareness and acceptance of personalized medicine and companion diagnostics.

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As per the Ministry of Health and Welfare, chronic illness accounts for the majority of ailments in South Korea, a condition worsened by the health care system’s focus on treatment relatively more than prevention. South Korean adults run the risk of chronic diseases due to an unhealthy diet, a report from a state-run agency showed. According to the “Public Health Weekly Report” published in 2018 by the Korea Centers for Disease Control and Prevention, Koreans eat much less than the recommended daily intake of nut and seeds, calcium, milk, vegetables, and fruits. On the other hand, they eat much more than the recommended amount of red meat, processed meat, and sugar-sweetened beverages.

The reagent is expected to hold its Highest Market Share in the Product Segment; The reagent segment of the market studied includes chemical, biological, or immunological components, solutions, or preparations intended by the manufacturer to be used during the in-vitro diagnosis process. Because of the high cost of many diagnostic platforms, it is common for manufacturers to lease equipment instead of selling technology outright to end users.

Industry Analysis: The South Korean In-vitro Diagnostics Market is highly competitive and consists of a number of major players. Companies like Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Danaher Corporation, Johnson & Johnson, Roche Diagnostics, Siemens Healthcare, Thermo Fisher Scientific Inc., among others, hold the substantial market share in the South Korean in-vitro diagnostics market.

This comprehensive In-vitro Diagnostics Market research report 2019 – 2024 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analysis the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Abbott Laboratories

2 Becton, Dickinson, and Company

3 Bio-Rad Laboratories Inc.

4 Danaher Corporation

5 Johnson & Johnson

6 Roche Diagnostics

7 Siemens Healthcare

8 Thermo Fisher Scientific Inc. and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2024 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

Table of Contents:

1 Introduction

2 South Korea In-vitro Diagnostics Market Research Methodology

3 Executive Summary

4 South Korea In-vitro Diagnostics Market Dynamics

5 South Korea In-vitro Diagnostics Market Segmentation

6 Competitive Landscape

7 South Korea In-vitro Diagnostics Market Opportunities and Future Trends

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