South Korea Artificial Intelligence In Diagnostics Market Size & Outlook
South Korea artificial intelligence in diagnostics market, 2018-2030 (US$M)
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South Korea artificial intelligence in diagnostics market highlights
- The South Korea artificial intelligence in diagnostics market generated a revenue of USD 19.1 million in 2023 and is expected to reach USD 101.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.9% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Artificial intelligence in diagnostics market data book summary
| Market revenue in 2023 | USD 19.1 million |
| Market revenue in 2030 | USD 101.2 million |
| Growth rate | 26.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Siemens Healthineers AG ADR, Nano X Imaging Ltd Ordinary Shares, GE HealthCare Technologies Inc Common Stock, AliveCor, Riverain Technologies, Aidoc, NeuraSignal, Imagen Technologies, Digital Diagnostics, Vuno |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global artificial intelligence in diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence in diagnostics 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 494.2 million by 2030.
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Artificial Intelligence In Diagnostics Market Scope
Artificial Intelligence In Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea artificial intelligence in diagnostics 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 artificial intelligence in diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 48.17% in 2023. Horizon Databook has segmented the South Korea artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the more recent nations to incorporate AI in its healthcare system. According to Korea Herald, in May 2018, the Ministry of Food and Drug Safety approved the first AI-based medical device, called VUNO Med-Bone Age, which used deep learning to interpret the X-ray of a patient’s hand to determine skeletal age.
In May 2018, the South Korean government invested USD 33.4 million over the next 3 years to build a domestic medical AI system that would analyze a patient’s medical data to provide personalized diagnostics and treatment plans.
An increase in government initiatives is further boosting market growth. For instance, in October 2019, AITRICS developed PROMPT, a deep learning model that uses big data and AI technologies to predict risks related to children’s ICUs.
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Our clientele includes a mix of artificial intelligence in diagnostics 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 artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
South Korea Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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