South Korea Non Invasive Prenatal Testing Market Size & Outlook
The non invasive prenatal testing market in South Korea is expected to reach a projected revenue of US$ 134.7 million by 2030. A compound annual growth rate of 11.6% is expected of South Korea non invasive prenatal testing market from 2024 to 2030.
South Korea non invasive prenatal testing market highlights
The South Korea non invasive prenatal testing market generated a revenue of USD 63.2 million in 2023 and is expected to reach USD 134.7 million by 2030.
The South Korea market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
In terms of segment, 13-24 weeks was the largest revenue generating gestation period in 2023.
0-12 weeks is the most lucrative gestation period segment registering the fastest growth during the forecast period.
Non invasive prenatal testing market data book summary
In terms of revenue, South Korea accounted for 1.5% of the global non invasive prenatal testing market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China non invasive prenatal testing 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 247.6 million by 2030.
In South Korea, the proportion of elderly pregnant women has dramatic rise in elderly pregnancy has raised worries about the high risk of fetal aneuploidies. In South Korea, the expected number of infants with Down syndrome is 4.5 per 10,000 births.
According to South Korean government statistics, more than 97.5% of pregnant women are given some form of serum screening test for detecting fetal aneuploidies during pregnancy. Increasing R&D investments by key pharmaceutical companies in South Korea are expected to create a lucrative environment for market growth.
For instance, in December 2019, Roche Diagnostics Korea announced plans to encourage the use of a non-invasive prenatal test (NIPT) in the Korean market. In 2016, the business launched its NIPT, Harmony, in the local market. To send retrieved samples to U.S. testing institutions and receive results, the firm used the "test and send out" (TSO) technique.
South Korea Non Invasive Prenatal 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 Non Invasive Prenatal Testing Market Outlook will help companies and investors design strategic landscapes.
13-24 Weeks was the largest segment with a revenue share of 58.07% in 2023.
Horizon Databook has segmented the South Korea non invasive prenatal testing market based on 0-12 weeks, 13-24 weeks, 25-36 weeks covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, the proportion of elderly pregnant women has dramatic rise in elderly pregnancy has raised worries about the high risk of fetal aneuploidies. In South Korea, the expected number of infants with Down syndrome is 4.5 per 10,000 births.
According to South Korean government statistics, more than 97.5% of pregnant women are given some form of serum screening test for detecting fetal aneuploidies during pregnancy. Increasing R&D investments by key pharmaceutical companies in South Korea are expected to create a lucrative environment for market growth.
For instance, in December 2019, Roche Diagnostics Korea announced plans to encourage the use of a non-invasive prenatal test (NIPT) in the Korean market. In 2016, the business launched its NIPT, Harmony, in the local market. To send retrieved samples to U.S. testing institutions and receive results, the firm used the "test and send out" (TSO) technique.
South Korea Non Invasive Prenatal Testing Market Gestation Period Outlook (Revenue, USD Million , 2018-2030)
0-12 weeks
13-24 weeks
25-36 weeks
South Korea Non Invasive Prenatal Testing Market Risk Outlook (Revenue, USD Million , 2018-2030)
High & Average Risk
Low Risk
South Korea Non Invasive Prenatal Testing Market Method Outlook (Revenue, USD Million , 2018-2030)
Ultrasound Detection
Biochemical Screening Tests
Cell-Free DNA in Maternal Plasma Tests
South Korea Non Invasive Prenatal Testing Market Technology Outlook (Revenue, USD Million , 2018-2030)
NGS
Array Technology
PCR
Others
South Korea Non Invasive Prenatal Testing Market Product Outlook (Revenue, USD Million , 2018-2030)
Consumables & Reagents
Instruments
South Korea Non Invasive Prenatal Testing Market Application Outlook (Revenue, USD Million , 2018-2030)
Trisomy
Microdeletion Syndrome
Other Applications
South Korea Non Invasive Prenatal Testing Market End-use Outlook (Revenue, USD Million , 2018-2030)
Hospitals & Clinics
Diagnostic Laboratories
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Non Invasive Prenatal Testing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Non Invasive Prenatal Testing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Non Invasive Prenatal Testing Market, 2018-2030 (US$M)