South Korea Veterinary Imaging Market Size & Outlook
South Korea veterinary imaging market, 2018-2030 (US$M)
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South Korea veterinary imaging market highlights
- The South Korea veterinary imaging market generated a revenue of USD 28.0 million in 2023 and is expected to reach USD 49.2 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, ultrasound was the largest revenue generating product in 2023.
- MRI is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary imaging market data book summary
| Market revenue in 2023 | USD 28.0 million |
| Market revenue in 2030 | USD 49.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | MRI |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Ultrasound, MRI, CT Imaging, Video Endoscopy |
| Key market players worldwide | IDEXX Laboratories Inc, GE Aerospace, FUJIFILM Holdings Corp, Mars Group Holdings Corp, shenzhen mindray automation equipment co., Esaote, Sound, Universal Medical Systems, Hallmarq Veterinary Imaging, HESKA |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global veterinary 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 veterinary imaging 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 89.5 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea veterinary 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 veterinary imaging market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 33.93% in 2023. Horizon Databook has segmented the South Korea veterinary imaging market based on x-ray, ultrasound, mri, ct imaging, video endoscopy covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has many advanced veterinary hospitals located in various regions across the country. These hospitals provide a wide range of imaging services for animals, including CT, MRI, X-ray, and other advanced imaging solutions for various conditions.
Overall, the veterinary imaging sector in South Korea is likely to continue to grow in the coming years, driven by a combination of increasing pet ownership, growing awareness of animal welfare, advances in veterinary imaging technology, and government support.
The presence of specialized veterinary digital imaging solution companies, such as Woorien, in South Korea is supplementing growth of veterinary imaging market. In order to boost sales and meet the expanding needs of end users, manufacturers in the market are introducing innovative and novel products. It is expected that this will lead to more growth opportunities.
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Target buyers of South Korea veterinary imaging market databook
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Our clientele includes a mix of veterinary 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 veterinary imaging market, including forecasts for subscribers. This country databook contains high-level insights into South Korea veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea veterinary imaging market size, by product, 2018-2030 (US$M)
South Korea Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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