South Korea 3d Medical Imaging Devices Market Size & Outlook
South Korea 3d medical imaging devices market, 2018-2030 (US$M)
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South Korea 3d medical imaging devices market highlights
- The South Korea 3d medical imaging devices market generated a revenue of USD 262.3 million in 2023 and is expected to reach USD 458.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating device type in 2023.
- Software is the most lucrative device type segment registering the fastest growth during the forecast period.
3d medical imaging devices market data book summary
| Market revenue in 2023 | USD 262.3 million |
| Market revenue in 2030 | USD 458.2 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Siemens Healthineers AG ADR, Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Canon Inc, Hitachi Ltd, Shimadzu Corp, Esaote, Digirad, UMG/DEL MEDICAL |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global 3d medical imaging devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan 3d medical imaging devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,232.1 million by 2030.
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3D Medical Imaging Devices Market Scope
3D Medical Imaging Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 3d medical imaging devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 3d medical imaging devices market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.48% in 2023. Horizon Databook has segmented the South Korea 3d medical imaging devices market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea largely depends on imports from countries such as the U.S., Japan, and other EU countries to meet the high demand for medical devices. The country has signed the KORUS Free Trade Agreement (FTA) with the U.S. Under this agreement, medical device manufacturers in the U.S. can apply for an independent review procedure for pricing of medical devices.
The South Korean government’s public health insurance system covers radiology services under “fee to service” model for services such as colon, stomach, cervix cancer, liver, and breast screening. According to World Bank Group, the country’s population aged 65 years & above accounted for nearly 15.1% of the total population in 2019.
According to Cable News Network, this demographic is estimated to reach 23.4% by 2030. Rapidly growing geriatric population is anticipated to increase the demand for effective treatment & diagnosis therapies, fueling market growth.
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Our clientele includes a mix of 3d medical imaging devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea 3d medical imaging devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 3d medical imaging devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea 3d medical imaging devices market size, by device type, 2018-2030 (US$M)
South Korea 3D Medical Imaging Devices Market Outlook Share, 2023 & 2030 (US$M)
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