South Korea Diagnostic Imaging Market to to Grow with a CAGR of 33.21% through 2030
Increasing
incidences of chronic diseases and technological advancement is expected to
drive the growth of South Korea Diagnostic Imaging Market in the forecast
period 2026-2030.
According
to TechSci Research report, “South Korea Diagnostic Imaging - By Region, Competition, Forecast and Opportunities, 2020-2030F”, South Korea Diagnostic
Imaging Market stood at USD 15.26 million in 2024 and is anticipated to
grow with a CAGR of 33.21% in the forecast period through 2030. The market
of diagnostic imaging is increasing in South Korea due to the growing geriatric
population. Furthermore, the market growth is also influenced by the entry of
new startup companies manufacturing diagnostic imaging devices by incorporating
artificial intelligence and machine learning.
The
market's expansion is impeded by the lack of radiologists and the high cost of
diagnostic imaging devices. Nowadays, the population is more aware regarding
the early detection and diagnosis of chronic disorders. The South
Korean market for diagnostic imaging has been significantly impacted by the
COVID-19 outbreak. The severe need for COVID-19 testing and treatment took
precedence during the pandemic, which temporarily reduced the number of imaging
operations not related to COVID. To prioritize resources and lower the risk of
transmission, many routine tests and elective operations were postponed or
cancelled. The pandemic allowed patients to receive consultations and imaging
examinations remotely, but it also hastened the implementation of telemedicine
and remote imaging services. The pandemic also brought focus to the value of
diagnostic imaging in identifying and tracking COVID-19 patients, which raised
the demand for chest imaging, such as X-rays and CT scans.
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South
Korea Diagnostic Imaging Market is segmented into Type, Mobility, Source,
Application, End User, Regional Distribution and.
Based on Type, Computed Tomography (CT) scanners are
emerging as the fastest-growing segment in South Korea’s diagnostic imaging
sector. CT technology is particularly valuable for its ability to provide
detailed cross-sectional images of the body, which are essential in diagnosing
complex conditions such as cancer, neurological disorders, and cardiovascular
diseases. The rising prevalence of chronic illnesses has increased the demand
for more precise and advanced imaging techniques, and CT scanners are well-suited
to meet this need. Technological innovations, including faster scan times and
lower radiation doses, have enhanced the safety and efficacy of CT imaging.
Furthermore, the integration of artificial intelligence into CT imaging systems
is improving diagnostic accuracy and workflow efficiency, allowing radiologists
to deliver quicker and more reliable assessments. The South Korean government’s
strategic investments in upgrading healthcare infrastructure have also
facilitated the broader availability of high-performance CT scanners across
both urban and regional medical institutions. As a result, CT imaging is
rapidly gaining ground, driven by clinical demand and advancements in imaging
technology.
Based on Region, Southern region is emerging as the
fastest-growing area in South Korea's diagnostic imaging landscape. Cities such
as Busan, Daegu, and Gwangju are witnessing rapid development in their
healthcare sectors, fueled by local government initiatives, increased
healthcare spending, and expanding private healthcare facilities. The Southern
region is also becoming a focal point for regional medical tourism, especially
in Busan, which is attracting international patients seeking affordable and high-quality
diagnostic and therapeutic services. This influx is encouraging hospitals and
clinics to invest in advanced imaging systems to improve diagnostic accuracy
and patient outcomes.
Moreover, the Southern region is seeing increasing support
from both local governments and the central government in terms of funding for
healthcare infrastructure development. Several regional hospitals are
undergoing modernization programs that include the procurement of high-end
diagnostic imaging equipment such as 3D ultrasound, multi-slice CT, and digital
mammography systems. Combined with a rising elderly population and growing
awareness about early disease detection, these developments are contributing to
an accelerated growth trajectory in the region. As a result, the Southern
region is quickly positioning itself as a key contributor to the future
expansion of the diagnostic imaging market in South Korea.
Major companies operating in South Korea Diagnostic
Imaging Market are:
- FUJIFILM
Holdings Corporation
- GE
Healthcare Korea Co Ltd
- Koninklijke
Philips N.V
- Siemens
Healthineers
- Canon
Medical Systems Korea
- F.
Hoffmann-La Roche AG
- Bio-Rad
Laboratories, Inc.
- Abbott
Korea Ltd.
- Thermo
Fisher Scientific, Inc.
- DR
TECH CORP
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“In South
Korea, the market for diagnostic imaging is expanding significantly due to
several factors. Demand is being fueled by increasing awareness regarding early
detection and diagnosis, which is being supported by public health efforts and
an increased focus on preventative healthcare. Accuracy and efficiency are
being improved by technological developments such as advanced imaging
modalities and analytics powered by AI. However, there are also challenges,
such as high expenses, infrastructural limits, and worries regarding data
privacy. The diagnostic imaging market in South Korea will grow more rapidly if
these issues are overcome and future trends like telemedicine and remote
imaging services are properly taken advantage”, said Mr. Karan Chechi, Research
Director of TechSci Research, a research based global management consulting
firm.
“South Korea Diagnostic Imaging Market By Type (X-Ray
Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear
Imaging Solutions), By Mobility (Portable v/s Standalone), By Source (Domestic
v/s Import), By Application (Cardiology, Oncology, Neurology, Orthopaedics,
Gastroenterology, Gynaecology, Others), By End User (Hospitals & Clinics,
Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Competition,
Forecast and Opportunities, 2020-2030F”, has evaluated the future
growth potential of South Korea Diagnostic Imaging Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in South Korea Diagnostic Imaging Market.
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