The South Korea RUO immunoassay market is expected to grow at a CAGR of 16.49% from 2025 to 2030.
South Korea is one of the greying societies in Asia, with an escalating proportion of the elderly population, which stood at 15.73% in 2020, 16.57% in 2021, and 17.47% in 2022, depicting a notable demographic shift. This trend underscores an increasing demand for treatments and diagnoses for chronic diseases like diabetes, cancer, and Alzheimer's. According to the Korean Cancer Association, in total, 273,076 new cancer cases and 81,818 cancer deaths were recorded in 2023. The cancer burden in Korea leads to evaluate and develop treatments, where RUO Immunoassays play a vital role.
Another, prominent disease affecting the older population is dementia. In 2021, the prevalence of dementia in Korea was estimated to be more than 786,000 with numbers expected to continue to rise. For this, Bredis Healthcare received a grant from the South Korean government, in August 2023, under the Deep Tech TIPS program to enhance the early diagnosis of Alzheimer's disease.
The grant amounts to KRW 1.7 billion. The company has developed a novel platform for digital immunoassay technology, which showed the ability to detect Alzheimer's biomarkers with a sensitivity 10,000 times greater than current diagnostic methods, capable of detecting blood biomarkers at the femtogram level. The medical device market size of South Korea was valued at $9,198 million by the Ministry of Food and Drug Safety. There are several key players like Koma Biotech Co., Ltd. specializing in supplying reagents, consumables, and equipment for life science research in areas including molecular biology, immunology, cell biology, and genetics. They offer customized manufacturing services to meet specific customer needs and contribute to the development of effective treatments.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 β 2031 |
| Report Metric | Details |
| South Korea RUO Immunoassay Market Size in 2025 | US$1.666 billion |
| South Korea RUO Immunoassay Market Size in 2030 | US$2.345 billion |
| Growth Rate | CAGR of 16.49% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | Seoul, Busan, Incheon, Daegu, Others |
| List of Major Companies in the South Korea RUO Immunoassay Market | |
| Customization Scope | Free report customization with purchase |
South Korea RUO Immunoassay Market Segmentation
By Product Type
By Sample Type
By Application
By End-User
By City