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South Korean Diabetes Diagnostics Markets
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Description: |
This Frost & Sullivan research service titled South Korean Diabetes Diagnostics Markets provides a complete market analysis with Market Engineering measurements, revenue forecasts, market revenues, technology trends, market share analysis, and end-user analysis. In this study, Frost & Sullivan's expert analysts thoroughly examine the following markets: Laboratory and POCT diabetes diagnostics.
Market Overview
South Korea Diabetes Diagnostic Market Shows Immense Growth Potential
The South Korean diabetes diagnostics market grew at a higher pace in 2005 over 2004, and is expected to grow even at a higher compound annual growth rate (CAGR) from 2005 to 2012. The increasing incidence of diabetes and the resulting higher volumes of diagnostic tests are expected to support this strong growth. "South Korea has such high rates of diabetes that almost 43.0 percent of the South Korean population is diagnosed with diabetes," according to the analyst of the study. "However, approximately 2.28 million remains undiagnosed, reflecting the future long-term potential of this market."
Laboratory diabetes diagnostics has long been the ‘golden standard’ for diabetes diagnosis. However with the emergence of point of care testing (POCT), the current low level of testing is expected to grow by 2012, thereby effectively taking away the shares of laboratory testing. This non-invasive technology is set to be a huge driver for the POCT diabetes diagnostics market. The introduction of this cutting-edge technology is expected to fuel the growth of POCT further to new heights, and contribute to increased test volumes.
Changing Lifestyle Trends and Growing Aging Population Heightens Risk of Diabetes thus Boosting the Market’s Growth Potential
The changing lifestyle is bound to have an impact on the increase of the diabetogenic factors. The reduced physical activity and increasing stress levels of people are considered the major causes. These, coupled with unhealthy high-calorie food habits are resulting in obesity and overweight among the South Korean population. This trend is expected to increase the prevalence of diabetes, and hence the large market potential.
The elderly population in South Korea is increasing with the people aged 65 years and above growing at 5.0 percent each year. Nearly 9.0 percent of the total population of the country is above 65 years of age. "With researches proving that the aged people are more susceptible to Type II Diabetes, the aged population has a direct impact on the incidence of diabetes," explains the analyst. "Hence, due to this increasing diabetes incidence, the demand for diagnostic testing of diabetes is expected to increase."
Technologies
The following technologies are covered in this research:
-Automation and integration
-Total lab automation
-Non-invasive technology
-Centralized POCT
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
-Laboratory diabetes diagnostics
-POCT diabetes diagnostics |
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Contents: |
Extended TOC
-1. Executive Summary
--1. Market Dynamics
---1. Market Overview
---2. Industry Challenges
--2. Market Engineering Measurements
---1. Market Stage
---2. Market Revenues
---3. Market Growth Rate
--3. Market Revenue Forecasts
---1. Revenue Forecasts
-2. Research and Market Overview
--1. Research Overview
---1. Research Scope and Methodology
---2. Market Segmentation
---3. Glossary of Terms
--2. Market Overview
---1. Introduction
---2. Industry Challenges
---3. Market Drivers
a. Changing Lifestyle of the People
b. Improved Awareness Levels among Patients
c. Rapidly Increasing Ageing Population
d. The Quick and User-friendly POCT Meters Encouraging Patients for More Regular Health Check Ups
e. Introduction of Non-invasive Tests in POCT
4. Market Restraints
a. Local Low-cost Reagent Suppliers
b. Reimbursement not Provided for Diagnostic Testing
c. Distribution Pattern Reduces Sales
-3. Market Engineering Measurements
--1. Market Analysis
---1. Comparison of the Laboratory and POCT Diabetes Diagnostics Market Segments
---2. Market Stage
---3. Market Revenues
---4. Revenue Growth Rate
---5. Pricing
---6. Degree of Competition
--2. End-user Analysis
---1. Test Volumes
---2. Customer Priorities
---3. Customer Loyalty
--3. Technological Trends
---1. Laboratory Diabetes Diagnostics Market Segment
---2. POCT Diabetes Diagnostics Market Segment
--4. Distribution Structure and Trends
---1. Market Distribution Structure
---2. Trends in Distribution
-4. Competitive Structure and Revenue Forecasts
--1. Competitive Structure
---1. Competitive Framework
---2. Tiers of Competition
--2. Revenue Forecasts
---1. Revenue Forecasts for the South Korean Diabetes Diagnostics Market
---2. Revenue Forecasts for the Laboratory Diabetes Diagnostics Market Segment
---3. Revenue Forecasts for the POCT Diabetes Diagnostics Market Segment
-5. Conclusion
--1. Strategic Recommendations
---1. Recommendations
-6. Appendix
--1. Decision Support Database Tables
---1. Diabetes Prevalence as a Percent of Population
---2. Obese Population
---3. Number of Hospitals
---4. Total Male Population of Age 65 and Above
---5. Total Female Population of Age 65 and Above
--2. Datatbase of Key Industry Participants
---1. Database of Key Industry Participants
List of Figures
Chapter 2
Diabetes Diagnostics Market: Impact of Top Industry Challenges (South Korea), 2006-2012
Diabetes Diagnostics Market: Market Drivers Ranked in Order of Impact (South Korea), 2006-2012
Diabetes Diagnostics Market: Market Restraints Ranked in Order of Impact (South Korea), 2006-2012
Chapter 3
Diabetes Diagnostics Market: Revenues by Market Segments (South Korea), 2005
Diabetes Diagnostics Market: Shifting of Customer Priorities (South Korea), 2005 and 2012
Chapter 4
Diabetes Diagnostics Market: Revenue Forecasts (South Korea), 2002-2012
Laboratory Diabetes Diagnostics Market: Revenue Forecasts (South Korea), 2002-2012
POCT Diabetes Diagnostics Market: Revenue Forecasts (South Korea), 2002-2012 |
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