South Korea Gene Detection Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 2.20 Billion by 2030, growing at a CAGR of 14.80% from 2024 to 2030.
The South Korea Gene Detection Market is rapidly evolving, driven by technological advancements and the increasing demand for precision medicine. As the country continues to invest heavily in genomic research, gene detection has become a crucial tool across various industries, including healthcare, agriculture, and biotechnology. The growing need for genetic testing and personalized medicine is reshaping the market, creating new opportunities and challenges for businesses involved in this field.
The application of gene detection technologies in South Korea spans a wide range of sectors. In healthcare, for instance, gene testing plays a critical role in identifying genetic disorders, assessing susceptibility to diseases, and guiding treatment plans. The ability to detect genes responsible for diseases such as cancer, cardiovascular conditions, and rare genetic disorders has paved the way for more targeted and effective therapies. In fact, gene detection is increasingly becoming a part of routine medical screenings, especially in areas such as prenatal testing and cancer diagnostics.
Moreover, the agriculture sector in South Korea is benefiting from gene detection technologies. With the demand for high-quality, genetically modified crops on the rise, farmers and agribusinesses are turning to gene detection to develop crops with improved resistance to pests, diseases, and environmental stressors. The ability to detect and modify genes in crops has led to innovations in agricultural productivity and sustainability, enabling South Korea to maintain its competitive edge in the global food production market.
From a biotechnology perspective, the gene detection market is fueling the development of new treatments and therapies. Biotech companies are investing in research and development to discover gene-based solutions for various health conditions, including genetic disorders and certain types of cancer. These innovations are driving growth in the industry, as demand for gene detection tools and services continues to rise.
As industries increasingly rely on gene detection, there is a growing requirement for advanced diagnostic tools and skilled professionals. South Korea's government is supporting these advancements by funding genomic research and offering incentives for companies developing innovative gene detection technologies. This support, combined with the country’s expertise in technology and science, positions South Korea as a global leader in the gene detection market.
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Genomic Vision
Cent Gene
Invitae
Myriad Genetics
Blueprint Genetics
BGI
Berry Genomics
DAAN GENE
WuXi AppTec
Vcanbio
DIAN DIAGNOSTICS
KingMed
ANOROAD
Ankebio
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Gene Detection Market
Polymerase Chain Reaction (PCR)
Next-Generation Sequencing (NGS)
Microarray Analysis
Sanger Sequencing
Other Technologies (e.g., CRISPR-based assays)
Oncology
Cardiovascular Diseases
Infectious Diseases
Genetic Disorders
Pharmacogenomics
Personalized Medicine
Hospitals and Clinics
Diagnostic Laboratories
Research Laboratories
Pharmaceutical and Biotech Companies
Academic Institutions
Reagents & Kits
Instruments
Software
Consumables
Services (e.g., testing services, data analysis)
Pre-analytical (sample collection, treatment)
Analytical (actual detection and interpretation)
Post-analytical (data reporting, interpretation)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Gene Detection Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Gene Detection Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Gene Detection Market, By Type
6. South Korea Gene Detection Market, By Application
7. South Korea Gene Detection Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Gene Detection Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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