In Vitro Diagnostics (IVD) include reagents, instruments, and systems intended for use in the diagnosis of disease or other conditions, including the determination of the state of health, in order to treat or prevent disease. The reagents, instruments and systems are intended for use in the collection, preparation, and examination of specimens taken from the human body. The categories tracked under this market are Cardiac Disease, Hematological Disorders, Hormonal Disorders, Metabolic Disorder, Infectious Disease, IVD Analyzers and Reagents, Oncology and Reproductive Health Diagnostics. COVID- tests are carried out to screen for and detect infections causes by the emerging pathogen, the SARS-CoV-2- coronavirus, which was first identified in China in early 2020 GlobalData uses proprietary data and analytics to provide a comprehensive report on the covid-19 tests market in South Korea. Buy the latest report here.
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In 2022, GlobalData’s Market Model methodology determined that the leading player in the covid-19 tests market in South Korea was Abbott Laboratories followed by Altona Diagnostic, Becton Dickinson and Co, BGI Genomics, bioMerieux, Danaher, F. Hoffmann-La Roche, PerkinElmer and Qiagen.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
COVID-19 tests can be based on PCR, laboratory based ELISA testing or point of care rapid tests.
The covid-19 tests market in South Korea can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size covid-19 tests in South Korea, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
