South Korea Medical Imaging Market Size & Outlook
South Korea medical imaging market, 2018-2030 (US$M)
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South Korea medical imaging market highlights
- The South Korea medical imaging market generated a revenue of USD 569.3 million in 2023 and is expected to reach USD 832.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating technology in 2023.
- Computed Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 569.3 million |
| Market revenue in 2030 | USD 832.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | Computed Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global medical imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical imaging market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,401.9 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea medical imaging 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 medical imaging market will help companies and investors design strategic landscapes.
X-ray was the largest segment with a revenue share of 28.46% in 2023. Horizon Databook has segmented the South Korea medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean government has been actively supporting the healthcare and life sciences industries. Investments in R&D, as well as funding initiatives, have encouraged the adoption of advanced technologies, such as medical imaging device systems.
Moreover, to fulfill the regional and global demand for medical imaging devices, South Korea is considering all the essential steps to support the country’s major market players. With an increase in foreign demand for Korean-made medical imaging devices, domestic companies are aiming for the global market with competitive services & prices.
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Target buyers of South Korea medical imaging market databook
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Our clientele includes a mix of medical imaging 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 medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea medical imaging market size, by technology, 2018-2030 (US$M)
South Korea Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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