South Korea Blood Cancer Diagnostics Market Size & Outlook
- Clinical Diagnostics
- Cancer Diagnostics
- Blood Cancer Diagnostics Market Outlook
- Cancer Diagnostics
Global Market
Related Markets
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South Korea blood cancer diagnostics market highlights
- The South Korea blood cancer diagnostics market generated a revenue of USD 201.5 million in 2024 and is expected to reach USD 305.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.2% from 2025 to 2030.
- In terms of segment, assay kits and reagents was the largest revenue generating product in 2024.
- Assay Kits and Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Blood cancer diagnostics market data book summary
| Market revenue in 2024 | USD 201.5 million |
| Market revenue in 2030 | USD 305.8 million |
| Growth rate | 7.2% (CAGR from 2025 to 2030) |
| Largest segment | Assay kits and reagents |
| Fastest growing segment | Assay Kits and Reagents |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Assay Kits and Reagents |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global blood cancer diagnostics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China blood cancer diagnostics 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 1,612.3 million by 2030.
South Korea blood diagnostics market has experienced significant growth over recent years, driven by several key factors. The country's rapidly aging population has led to a surge in demand for accurate and timely diagnostic tests, particularly for chronic diseases such as blood cancer. In addition, the increasing prevalence of blood cancer has fueled the need for advanced diagnostic technologies to detect and monitor the disease.
Furthermore, the government's efforts to promote healthcare innovation and investment in biotechnology have created a favorable environment for companies to develop and commercialize new diagnostic products & services. The growing demand for personalized medicine, driven by the need for targeted therapies and individualized treatment plans, is also driving growth in the blood diagnostics market.
As a result, South Korea is becoming an appealing hub for international players in the diagnostics industry, with many multinational companies establishing operations or partnering with local firms to tap into the market's growth potential.
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Publish Date: Mar 21, 2025
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Blood Cancer Diagnostics Market Scope
Blood Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Quest Diagnostics Inc | View profile | 48,000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | www.questdiagnostics.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Bio-Techne Corp | View profile | 3,050 | 614 McKinley Place N.E., Minneapolis, MN, United States, 55413 | www.bio-techne.com |
| Sophia Genetics SA | View profile | 449 | La Pièce 12, Rolle, Switzerland, CH-1180 | www.sophiagenetics.com |
| Adaptive Biotechnologies | View profile | 501-1000 | Seattle, Washington, United States, North America | adaptivebiotech.com |
| Danaher Corporation | View profile | - | - | - |
| QIAGEN | View profile | - | - | - |
| Abbott | View profile | - | - | - |
| Invivoscribe, Inc. | View profile | 251-500 | San Diego, California, United States, North America | www.invivoscribe.com |
South Korea Blood 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 Blood Cancer Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Assay Kits And Reagents was the largest segment with a revenue share of 73.0% in 2024.
Horizon Databook has segmented the South Korea blood cancer diagnostics market based on instruments, assay kits and reagents covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea blood diagnostics market has experienced significant growth over recent years, driven by several key factors. The country's rapidly aging population has led to a surge in demand for accurate and timely diagnostic tests, particularly for chronic diseases such as blood cancer. In addition, the increasing prevalence of blood cancer has fueled the need for advanced diagnostic technologies to detect and monitor the disease.
Furthermore, the government's efforts to promote healthcare innovation and investment in biotechnology have created a favorable environment for companies to develop and commercialize new diagnostic products & services. The growing demand for personalized medicine, driven by the need for targeted therapies and individualized treatment plans, is also driving growth in the blood diagnostics market.
As a result, South Korea is becoming an appealing hub for international players in the diagnostics industry, with many multinational companies establishing operations or partnering with local firms to tap into the market's growth potential.
- South Korea Blood Cancer Diagnostics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Instruments
- Assay Kits and Reagents
- South Korea Blood Cancer Diagnostics Market Test Outlook (Revenue, USD Million , 2018-2030)
- Blood Tests
- Imaging Tests
- Biopsy
- Molecular Test
- South Korea Blood Cancer Diagnostics Market Enduse Outlook (Revenue, USD Million , 2018-2030)
- Hospitals and Clinics
- Diagnostic Labs
- Research Institutes
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Blood Cancer Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Blood Cancer Diagnostics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Blood Cancer Diagnostics Market, 2018-2030 (US$M)
South Korea blood cancer diagnostics market statistics, by product, 2018-2030 (US$M)
