South Korea Contrast Enhanced Ultrasound Market Size & Outlook
South Korea contrast enhanced ultrasound market, 2018-2030 (US$M)
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South Korea contrast enhanced ultrasound market highlights
- The South Korea contrast enhanced ultrasound market generated a revenue of USD 31.5 million in 2023 and is expected to reach USD 50.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Contrast Agents is the most lucrative product segment registering the fastest growth during the forecast period.
Contrast enhanced ultrasound market data book summary
| Market revenue in 2023 | USD 31.5 million |
| Market revenue in 2030 | USD 50.3 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Contrast Agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Contrast Agents |
| Key market players worldwide | Lantheus Holdings Inc, GE Aerospace, Bracco, Siemens Healthineers AG ADR, Koninklijke Philips NV, Canon Inc, Mindray Medical International |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global contrast enhanced ultrasound market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China contrast enhanced ultrasound 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 209.4 million by 2030.
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Contrast Enhanced Ultrasound Market Scope
Contrast Enhanced Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea contrast enhanced ultrasound 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 contrast enhanced ultrasound market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 72.38% in 2023. Horizon Databook has segmented the South Korea contrast enhanced ultrasound market based on equipment, contrast agents covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, ultrasound has become a fundamental and essential diagnostic tool. The healthcare providers are learning, adjusting, and adapting to this changing dynamic. People in Korea have good accessibility to ultrasound contrast agents.
Sonoazoid contrast agents by GE Healthcare is commonly used in Korea. The absence of standard guidelines regarding the clinical application of contrast-enhanced ultrasound is limiting its use.
However, awareness about contrast-enhanced ultrasound is increasing because ultrasound organizations are collaborating to develop standard protocols with respect to the administration and use of ultrasound contrast agents.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea contrast enhanced ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into South Korea contrast enhanced ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea contrast enhanced ultrasound market size, by product, 2018-2030 (US$M)
South Korea Contrast Enhanced Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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