South Korea Contrast Media Market Size & Outlook
South Korea contrast media market, 2018-2030 (US$M)
Related Markets
South Korea contrast media market highlights
- The South Korea contrast media market generated a revenue of USD 141.8 million in 2023 and is expected to reach USD 250.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Ultrasound is the most lucrative modality segment registering the fastest growth during the forecast period.
Contrast media market data book summary
| Market revenue in 2023 | USD 141.8 million |
| Market revenue in 2030 | USD 250.0 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Ultrasound |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasound, Magnetic Resonance Imaging, X-ray/Computed Tomography |
| Key market players worldwide | Bayer AG, GE Aerospace, Guerbet, Bracco, Lantheus Holdings Inc, Imax Corp, Nano Therapeutics, Trivitron Healthcare |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global contrast media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan contrast media market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 242.8 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea contrast media 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 media market will help companies and investors design strategic landscapes.
X-ray/computed tomography was the largest segment with a revenue share of 76.87% in 2023. Horizon Databook has segmented the South Korea contrast media market based on ultrasound, magnetic resonance imaging, x-ray/computed tomography covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population and growing incidence of chronic diseases in South Korea are major market drivers. For instance, according to the report by Statistics Korea, the number of people aged 65 years & older was 8.53 million in 2021.
Furthermore, increasing healthcare expenditure and favorable government policies for product approval have encouraged several major players to enter this market.
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Target buyers of South Korea contrast media market databook
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Our clientele includes a mix of contrast media market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea contrast media market , including forecasts for subscribers. This country databook contains high-level insights into South Korea contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea contrast media market size, by modality, 2018-2030 (US$M)
South Korea Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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