South Korea Image-guided Therapy Systems Market Size & Outlook
South Korea image-guided therapy systems market, 2018-2030 (US$M)
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South Korea image-guided therapy systems market highlights
- The South Korea image-guided therapy systems market generated a revenue of USD 188.0 million in 2023 and is expected to reach USD 279.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, endoscopes was the largest revenue generating product in 2023.
- Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Image-guided therapy systems market data book summary
| Market revenue in 2023 | USD 188.0 million |
| Market revenue in 2030 | USD 279.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Endoscopes |
| Fastest growing segment | Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI), Endoscopes, X-ray Fluoroscopy, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT) |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Siemens Healthineers AG ADR, Analogic Corporation, GE HealthCare Technologies Inc Common Stock, BrainLAB, Olympus Corp, Stryker Corp, Varian |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.9% of the global image-guided therapy systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan image-guided therapy systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 444.1 million by 2030.
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Image-guided Therapy Systems Market Scope
Image-guided Therapy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea image-guided therapy systems 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 image-guided therapy systems market will help companies and investors design strategic landscapes.
Endoscopes was the largest segment with a revenue share of 32.34% in 2023. Horizon Databook has segmented the South Korea image-guided therapy systems market based on computed tomography (ct) scanners, ultrasound systems, magnetic resonance imaging (mri), endoscopes, x-ray fluoroscopy, positron emission tomography (pet), single photon emission computed tomography (spect) covering the revenue growth of each sub-segment from 2018 to 2030.
Rapidly growing geriatric population is anticipated to increase the demand for effective treatment & diagnosis therapies, fueling the market. As of 2020, Seoul National University Hospital (SNUH) has treated more than 1,000 patients with MRIdian MRI-Guided Radiation Therapy.
Furthermore, SNUH developed and patented a Visual Guidance Patientcontrolled (VGPC) respiratory gating system, thereby becoming a pioneer in MRI-guided radiation therapy. Presence of such institutions is anticipated to advance the research and usage of image-guided therapies in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea image-guided therapy systems market , including forecasts for subscribers. This country databook contains high-level insights into South Korea image-guided therapy systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea image-guided therapy systems market size, by product, 2018-2030 (US$M)
South Korea Image-guided Therapy Systems Market Outlook Share, 2023 & 2030 (US$M)
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