South Korea Infectious Respiratory Disease Diagnostics Market Size & Outlook
The infectious respiratory disease diagnostics market in South Korea is expected to reach a projected revenue of US$ 160.9 million by 2033. A compound annual growth rate of 2.5% is expected of South Korea infectious respiratory disease diagnostics market from 2025 to 2033.
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Infectious Respiratory Disease Diagnostics Market Outlook
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South Korea infectious respiratory disease diagnostics market highlights
The South Korea infectious respiratory disease diagnostics market generated a revenue of USD 129.2 million in 2024 and is expected to reach USD 160.9 million by 2033.
The South Korea market is expected to grow at a CAGR of 2.5% from 2025 to 2033.
In terms of segment, reagents was the largest revenue generating product in 2024.
Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Infectious respiratory disease diagnostics market data book summary
In terms of revenue, South Korea accounted for 1.1% of the global infectious respiratory disease diagnostics market in 2024.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
In Asia Pacific, China infectious respiratory disease diagnostics market is projected to lead the regional market in terms of revenue in 2033.
China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,455.0 million by 2033.
Increasing awareness among people and rising government support is expected to drive the growth of the infectious respiratory disease diagnostics market in South Korea. For instance, North Korea and South Korea have entered into an agreement to develop measures for combating infectious diseases, especially tuberculosis.
In addition, the increasing incidence of infectious diseases, such as pneumonia and pertussis, is expected to drive market growth. Furthermore, the country has announced that the government will cover all expenses for COVID-19 and has been effective in containing the infection rate.
Thus, this initiative is expected to boost the number of tests for COVID-19, thereby fueling the market growth. The country conducted over 1,804,422 tests as of August 24, 2020. South Korea has set up around 50 drive-through testing centers, which is expected to drive the market in the country.
South Korea Infectious Respiratory Disease 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 Infectious Respiratory Disease Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 66.64% in 2024.
Horizon Databook has segmented the South Korea infectious respiratory disease diagnostics market based on instruments, reagents, services covering the revenue growth of each sub-segment from 2021 to 2033.
Increasing awareness among people and rising government support is expected to drive the growth of the infectious respiratory disease diagnostics market in South Korea. For instance, North Korea and South Korea have entered into an agreement to develop measures for combating infectious diseases, especially tuberculosis.
In addition, the increasing incidence of infectious diseases, such as pneumonia and pertussis, is expected to drive market growth. Furthermore, the country has announced that the government will cover all expenses for COVID-19 and has been effective in containing the infection rate.
Thus, this initiative is expected to boost the number of tests for COVID-19, thereby fueling the market growth. The country conducted over 1,804,422 tests as of August 24, 2020. South Korea has set up around 50 drive-through testing centers, which is expected to drive the market in the country.
South Korea Infectious Respiratory Disease Diagnostics Market Product Outlook (Revenue, USD Million , 2021-2033)
Instruments
Reagents
Services
South Korea Infectious Respiratory Disease Diagnostics Market Technology Outlook (Revenue, USD Million , 2021-2033)
Molecular Diagnostics
Immunoassays
Microbiology
Rapid/Point-of-Care Diagnostics
Other Technologies
South Korea Infectious Respiratory Disease Diagnostics Market Application Outlook (Revenue, USD Million , 2021-2033)
COVID-19
Influenza
Tuberculosis
Respiratory Syncytial Virus (RSV)
Non-tuberculosis Mycobacterium Testing
Bacterial Pneumonia Testing
Other Respiratory Diseases
South Korea Infectious Respiratory Disease Diagnostics Market End Use Outlook (Revenue, USD Million , 2021-2033)
Hospitals
Clinics
Diagnostics Laboratories
Research Institutes
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Infectious Respiratory Disease Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Infectious Respiratory Disease Diagnostics Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Infectious Respiratory Disease Diagnostics Market, 2021-2033 (US$M)