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Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 15.26 Million

Market Size (2030)

USD 85.26 Million

CAGR (2025-2030)

33.21%

Fastest Growing Segment

CT Scanner

Largest Market

Northern

 

Market Overview

South Korea Diagnostic Imaging Market was valued at USD 15.26 million in 2024 and is expected to reach USD 85.26 million by 2030 with a CAGR of 33.21% during the forecast period. This can be ascribed to the growing technological advancements, growing geriatric population, and the rising prevalence of associated diseases. Several startup companies are combining AI and machine learning techniques into medical diagnostics to ensure better and faster diagnoses, thereby accelerating the growth of South Korea Diagnostic Imaging Market.

Medical images like X-rays, CT scans, and MRIs can be analysed by AI algorithms to help in the detection and diagnosis of a variety of illnesses. Large datasets of annotated medical images can be used to train machine learning models to discover patterns and spot abnormalities. This can make it easier and more accurate for South Korean radiologists and medical professionals to identify illnesses like cancer, cardiovascular issues, and neurological disorders.

Key Market Drivers

Aging Population and Rising Chronic Disease Burden

South Korea is experiencing a rapid demographic shift toward an aging population. According to the Korean Statistical Information Service, individuals aged 65 and over are projected to constitute 40.1% of the population by 2050, positioning South Korea among the countries with the highest elderly population ratios globally. This aging trend correlates with an increased prevalence of chronic diseases, such as cardiovascular ailments and cancers, which necessitate advanced diagnostic imaging for effective management.

The National Health Insurance Service reports a 32.5% increase in healthcare spending among the elderly between 2017 and 2022, with diagnostic imaging playing a pivotal role in managing age-related health conditions. Furthermore, the Korea Health Industry Development Institute notes a 28.3% rise in chronic diseases requiring advanced imaging technologies over the past five years. These statistics underscore the growing demand for sophisticated diagnostic imaging solutions to address the healthcare needs of an aging population.

Government Investment in Medical Technology and AI Integration

The South Korean government is actively investing in medical technology advancements, including the integration of artificial intelligence (AI) into diagnostic imaging. In 2022, the Ministry of Science and ICT allocated approximately 1.2 trillion won (around $900 million) for medical technology research and development, emphasizing sophisticated imaging technologies. This investment aims to enhance the precision and efficiency of diagnostic procedures.

Additionally, the Ministry of Health and Welfare introduced 'The 1st Comprehensive Plan for Development and Support for the Medical Devices Industry (2023-2027)', focusing on facilitating market entry for innovative technologies such as AI and digital solutions. These initiatives reflect the government's commitment to fostering innovation in the medical devices sector, thereby driving growth in the diagnostic imaging market.


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Key Market Challenges

Shortage of Skilled Radiologists and Technicians

A significant challenge facing the diagnostic imaging market in South Korea is the shortage of skilled radiologists and technicians. Despite a 1.3-fold increase in the number of radiologists from 2013 to 2023, the volume of radiological examinations has increased tenfold during the same period. This disparity leads to increased workloads, with radiologists performing an average of 47 examinations daily, contributing to burnout and reduced job satisfaction.

The shortage of qualified professionals hampers the efficiency and effectiveness of diagnostic services, potentially impacting patient care. Addressing this issue requires strategic workforce planning, including training programs and incentives to attract and retain skilled personnel in the radiology field.

High Costs of Advanced Diagnostic Imaging Equipment

The high costs associated with advanced diagnostic imaging equipment present a barrier to market expansion, particularly for smaller healthcare facilities. The capital investment required for purchasing, installing, and maintaining equipment like MRI and CT scanners can be prohibitive. This financial burden may limit access to cutting-edge diagnostic technologies, especially in rural or underserved areas.

Furthermore, the stringent regulations related to equipment safety and quality add to operational costs, impacting the affordability and accessibility of diagnostic imaging services. To overcome these challenges, the government and industry stakeholders need to explore cost-effective solutions and provide financial support to healthcare providers for equipment procurement and maintenance.

Key Market Trends

Integration of AI and Automation in Diagnostic Imaging

The integration of AI and automation into diagnostic imaging is transforming the healthcare landscape in South Korea. AI algorithms enhance image accuracy and processing speed, enabling automatic abnormality detection and more informed decision-making. This technological advancement improves patient outcomes and operational efficiency.

The South Korean government supports this transformation through initiatives like the AI Open Data Project, which promotes AI development in medical diagnostics. Moreover, collaborations between domestic and international companies are accelerating the adoption of AI-powered diagnostic tools in hospitals. These developments signify a shift towards more precise and efficient diagnostic practices in the country.

Emphasis on Early Detection and Preventive Healthcare

There is a growing emphasis on early detection and preventive healthcare in South Korea, leading to increased utilization of diagnostic imaging services. The National Cancer Center of Korea reports that cancer screening rates have risen to 81.4% for major cancer types, with advanced imaging technology playing a crucial role in early detection. This proactive approach to healthcare is driving demand for diagnostic imaging equipment and services.

Government policies promoting routine health check-ups and screenings further support this trend. The widespread availability of advanced diagnostic equipment across the country facilitates patient care and underscores the importance of early disease detection. These factors contribute to the growth and development of the diagnostic imaging market in South Korea.

Segmental Insights

Type Insights

Based on Type, X-ray imaging solutions represent the largest market share. This is primarily due to their widespread use across a range of healthcare settings, from major hospitals to local clinics. X-ray machines are considered a fundamental diagnostic tool because they are relatively affordable, easy to operate, and versatile in their applications. They are commonly employed in various medical disciplines such as orthopedics, dentistry, and emergency medicine. Moreover, the ongoing transition from traditional film-based systems to digital radiography has significantly improved image quality and reduced radiation exposure for patients, making X-rays an even more attractive option for both patients and healthcare providers. The South Korean government has supported the modernization of medical equipment, encouraging healthcare facilities to upgrade to digital systems, which further bolsters the adoption of X-ray technology. Additionally, with the country’s population aging rapidly, there is a growing demand for diagnostic imaging tools to detect and monitor age-related conditions, reinforcing the importance of X-ray imaging in routine and emergency diagnostics.


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Regional Insights

Based on the Region, the Northern region of South Korea, which includes the Seoul Capital Area—comprising Seoul, Incheon, and Gyeonggi Province—holds the largest share of the diagnostic imaging market in the country. This dominance is largely attributed to the region's concentration of advanced healthcare infrastructure, world-class hospitals, and a high density of both public and private medical institutions. Major hospitals such as Seoul National University Hospital, Asan Medical Center, and Samsung Medical Center are all located in this region and are equipped with cutting-edge imaging technologies, including MRI, CT, and nuclear imaging systems. The Northern region is also home to leading research universities and national medical institutes that consistently push forward technological innovations in medical diagnostics.

Moreover, Government support has further bolstered the region’s position as a medical hub. Policies aimed at modernizing healthcare facilities and encouraging public-private partnerships have helped ensure that the Northern region maintains a steady lead in terms of both technology adoption and diagnostic capabilities. Additionally, the high population density and aging demographic in this region drive consistent demand for diagnostic imaging services. As a result, the Northern region serves not only as the most technologically advanced but also as the most commercially significant zone for diagnostic imaging in South Korea.

Key Market Players

  • 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

By Type

By Mobility

By Source

By Application

By End User

By Region

  • X-Ray Imaging Solution
  • Ultrasound Systems
  • MRI Systems
  • CT Scanner
  • Nuclear Imaging Solutions
  • Portable
  • Standalone
  • Domestic
  • Import
  • Cardiology
  • Oncology
  • Neurology
  • Orthopaedics
  • Gastroenterology
  • Gynaecology
  • Others
  • Hospitals & Clinics
  • Diagnostic Centers
  • Ambulatory Care Centers
  • Others
  • Northern
  • Southern
  • Central

 

Report Scope:

In this report, the South Korea Diagnostic Imaging Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • South Korea Diagnostic Imaging Market, By Type:

o   X-Ray Imaging Solution

o   Ultrasound Systems

o   MRI Systems

o   CT Scanner

o   Nuclear Imaging Solutions

  • South Korea Diagnostic Imaging Market, By Mobility:

o   Portable

o   Standalone

  • South Korea Diagnostic Imaging Market, By Source:

o   Domestic

o   Import

  • South Korea Diagnostic Imaging Market, By Application:

o   Cardiology

o   Oncology

o   Neurology

o   Orthopaedics

o   Gastroenterology

o   Gynaecology

  • South Korea Diagnostic Imaging Market, By End User:

o   Hospitals & Clinics

o   Diagnostic Centers

o   Ambulatory Care Centers

o   Others

  • South Korea Diagnostic Imaging Market, By Region:

o   Northern

o   Southern

o   Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the South Korea Diagnostic Imaging Market.

Available Customizations:

South Korea Diagnostic Imaging Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

South Korea Diagnostic Imaging Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    South Korea Diagnostic Imaging Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions)

5.2.2.     By Mobility (Portable, Standalone)

5.2.3.     By Source (Domestic, Import)

5.2.4.     By Application (Cardiology, Oncology, Neurology, Orthopaedics, Gastroenterology, Gynaecology, Others)

5.2.5.     By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others)

5.2.6.     By Region

5.2.7.     By Company (2024)

5.3.  Market Map

6.    Northern Diagnostic Imaging Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Mobility

6.2.3.     By Source

6.2.4.     By Application

6.2.5.     By End User

7.    Southern Diagnostic Imaging Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Mobility

7.2.3.     By Source

7.2.4.     By Application

7.2.5.     By End User

8.    Central Diagnostic Imaging Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Mobility

8.2.3.     By Source

8.2.4.     By Application

8.2.5.     By End User

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

10.1.              Merger & Acquisition (If Any)

10.2.              Product Launches (If Any)

10.3.              Recent Developments

11.  Porters Five Forces Analysis

11.1.              Competition in the Industry

11.2.              Potential of New Entrants

11.3.              Power of Suppliers

11.4.              Power of Customers

11.5.              Threat of Substitute Products/Services

12.  Competitive Landscape

12.1.              FUJIFILM Holdings Corporation

12.1.1.  Business Overview

12.1.2.  Company Snapshot

12.1.3.  Products & Services

12.1.4.  Financials (As Reported)

12.1.5.  Recent Developments

12.1.6.  Key Personnel Details

12.1.7.  SWOT Analysis

12.2.              GE Healthcare Korea Co Ltd

12.3.              Koninklijke Philips N.V.

12.4.              Siemens Healthineers

12.5.              Canon Medical Systems Korea

12.6.              F. Hoffmann-La Roche AG

12.7.              Bio-Rad Laboratories, Inc.

12.8.              Abbott Korea Ltd.

12.9.              Fisher Scientific Korea Ltd.

12.10.            DR TECH CORP

13.  Strategic Recommendations

14.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the South Korea Diagnostic Imaging Market was estimated to be USD 15.26 million in 2024.

FUJIFILM Holdings Corporation, GE Healthcare Korea Co Ltd, Koninklijke Philips N.V, Siemens Healthineers, Canon Medical Systems Korea are some of the key players operating in the South Korea Diagnostic Imaging Market.

Shortage of Skilled Radiologists and Technicians and High Costs of Advanced Diagnostic Imaging Equipment are some of the major challenges faced by the South Korea Diagnostic Imaging Market in the upcoming years.

Aging Population and Rising Chronic Disease Burden and Government Investment in Medical Technology and AI Integration are the major drivers for the South Korea Diagnostic Imaging Market.

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