South Korea Diabetes Diagnostic Market Shows Immense Growth Potential.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c48091) has announced the addition of Frost & Sullivan's new report: South Korean Diabetes Diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler Markets to their offering. 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 POCT Point of care testing, see there 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 CAGR See: Compound Annual Growth Rate ) 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the analyst of the study. "However, approximately 2.28 million remains undiagnosed, reflecting the future long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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 Non-invasive A procedure that does not penetrate the body. Mentioned in: Multiple-Gated Acquisition Scan non-invasive 1. not penetrating the skin, e.g. a non-invasive test. 2. 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 obesity, condition resulting from excessive storage of fat in the body. Obesity has been defined as a weight more than 20% above what is considered normal according to standard age, height, and weight tables, or by a complex formula known as the body mass index. and overweight Overweight Refers to an investment position that is larger than the generally accepted benchmark. Notes: For example, if a company normally holds a portfolio whose weighting of cash is 10%, and then increases cash holdings to 15%, the portfolio would have an 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 Type II diabetes Type II diabetes is the most common form of diabetes and usually appears in middle aged adults. It is often associated with obesity and may be delayed or controlled with diet and exercise. Mentioned in: Diabetic Ketoacidosis , 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 Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease 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 For more information visit http://www.researchandmarkets.com/reports/c48091 |
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