South Korea Forensic Swab Market
South Korea Forensic Swab Market Research Report: By Type (Foam, Flocked, Cotton), By Type of Swab Shaft (Wood-stick Shaft, Polystyrene Shaft) and By End User (Forensic Science, Laboratories, Hospitals) - Forecast to 2035
Industry Developments
There have been notable developments in the South Korea Forensic Swab Market, particularly with an increasing focus on technological advancements and product innovation. Companies such as Merck KGaA and Roche have been expanding their portfolio related to swab technology enhancement. Recently, in August 2023, Thermo Fisher Scientific launched a new line of swabs designed specifically for high-sensitivity DNA extraction, addressing the growing needs for accurate forensic testing in Korea. Additionally, the market has seen a surge in the demand for COVID-19 testing kits, which has positively influenced the growth trajectories of companies like Bio-Rad Laboratories and Acon Laboratories. In terms of mergers and acquisitions, in October 2022, Merck KGaA acquired a local biotech firm to strengthen its position in the forensic sector, further expanding its reach in the Asian market. This acquisition aligns with the increasing emphasis on forensic applications within healthcare and criminal justice in South Korea. Furthermore, industry reports indicate that the South Korean forensic swab market is experiencing a compound annual growth rate of approximately 6%, driven by investments in Research and Development and regulatory support aimed at enhancing forensic methodologies.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 94.0(USD Million) |
| MARKET SIZE 2024 | 99.16(USD Million) |
| MARKET SIZE 2035 | 199.2(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.547% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Merck KGaA, Palinton, BioRad Laboratories, Roche, Qiagen, Luminex Corporation, Thermo Fisher Scientific, MilliporeSigma, Waltzer Group, Fisher Scientific, Korea Bio technology, Agilent Technologies, Sangon Biotech, Becton Dickinson, Acon Laboratories |
| SEGMENTS COVERED | Type, Type of Swab Shaft, End User |
| KEY MARKET OPPORTUNITIES | Rising crime rates, Advanced forensic technologies, Increased government funding, Growing awareness of forensics, Expansion in criminal justice systems |
| KEY MARKET DYNAMICS | growing crime rates, increased forensic investments, technological advancements, rising awareness of DNA evidence, government support for forensic initiatives |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market value of the South Korea Forensic Swab Market in 2024?
The South Korea Forensic Swab Market is expected to be valued at 99.16 million USD in 2024.
What will be the market size of the South Korea Forensic Swab Market in 2035?
By 2035, the market is expected to reach a value of 199.2 million USD.
What is the expected CAGR for the South Korea Forensic Swab Market from 2025 to 2035?
The market is projected to grow at a CAGR of 6.547% during the period from 2025 to 2035.
Which type of swab is expected to dominate the market by 2035?
The Flocked swab type is anticipated to dominate the market with a value forecast of 80.0 million USD in 2035.
What was the market value of Foam swabs in 2024?
In 2024, the Foam swab segment is valued at 30.0 million USD.
Who are the major competitors in the South Korea Forensic Swab Market?
Key players include Merck KGaA, BioRad Laboratories, Roche, and Thermo Fisher Scientific among others.
What is the projected market size for Cotton swabs in 2035?
The projected market size for Cotton swabs in 2035 is expected to be 59.2 million USD.
What are the growth opportunities in the South Korea Forensic Swab Market?
Growth opportunities include advancements in forensic technologies and increased demand for crime scene investigation tools.
What challenges are currently facing the South Korea Forensic Swab Market?
Challenges include regulatory hurdles and the need for continuous innovation in forensic products.
What impact does technological advancement have on the South Korea Forensic Swab Market?
Technological advancements enhance the effectiveness and efficiency of forensic swabs, driving market growth.
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