South Korea Diagnostic Imaging Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (X-Ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography, Nuclear Medicine, Fluoroscope, Mammography), By Application (Cardiology, Oncology, Neurology, Orthopedic, Gastroenterology, Gynecology and Other Applications), and South Korea Diagnostic Imaging Equipment Market Insights, Industry Trend, Forecasts to 2035.

South Korea Diagnostic Imaging Equipment Market Insights Forecasts to 2035

• The South Korea Diagnostic Imaging Equipment Market Size was estimated at USD 450.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.95% from 2025 to 2035
• The South Korea Diagnostic Imaging Equipment Market Size is Expected to Reach USD 850.0 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Diagnostic Imaging Equipment Market Size is Anticipated to reach USD 850 Million By 2035, Growing at a CAGR of 5.95% from 2025 to 2035. The rising incidence of chronic illnesses, universal presence of sophisticated diagnostic machines, and the growth of hospitals, clinics, and other healthcare centers in the nation are some of the major factors influencing the market.

Market Overview

The South Korea diagnostic imaging equipment market refers to the creation, production, and use of medical imaging devices aimed at making the internal organs of the human body visible for the purpose of diagnosis. These devices consist of X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), nuclear medicine, fluoroscopy, and mammography. They are critical healthcare tools used for the diagnosis, monitoring, and management of a wide variety of medical conditions, especially cardiology, oncology, neurology, orthopedics, and gynecology. Additionally, the easy availability of sophisticated diagnostic machinery throughout the nation is helping in patient care and propelling the demand for new imaging technologies. In addition, market leaders are constantly developing R&D initiatives to launch state-of-the-art technologies, like more advanced MRI machines with better resolution and scan speed.

Report Coverage

This research report categorizes the market for the South Korea diagnostic imaging equipment market market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea diagnostic imaging equipment market market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea diagnostic imaging equipment market market.

Driving Factors

The increasing knowledge regarding the advantages of early disease diagnosis and personalized medicine is driving the demand for more accurate and advanced diagnostic imaging devices. The increasing use of artificial intelligence (AI) and machine learning in diagnostic imaging devices is also aiding the market growth within the country. AI algorithms can help radiologists interpret images more accurately and rapidly, resulting in more effective diagnoses.

Restraining Factors

The South Korean diagnostic imaging industry struggles with strict laws and regulatory compliance. It is challenging and time-consuming to keep pace with evolving healthcare legislation, maintaining appropriate equipment certification, and conforming to safety guidelines for patients and healthcare staff.

Market Segmentation

The South Korea diagnostic imaging equipment market share is classified into product and application.

• The magnetic resonance imaging (MRI) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea diagnostic imaging equipment market is segmented by product into X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography, nuclear medicine, fluoroscope, mammography. Among these, the magnetic resonance imaging (MRI) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Magnetic Resonance Imaging (MRI) is amongst the safest imaging medical procedures since it does not entail the utilization of any injurious imaging agents. The reasons for high MRI growth in the nation include increasing technological developments in the MRI modality and expanding the use of MRI in medicine.

• The orthopedic segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea diagnostic imaging equipment market is segmented by application into cardiology, oncology, neurology, orthopedic, gastroenterology, gynecology, and others. Among these, the orthopedic segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment's domination owes to the fact that there is a high demand for musculoskeletal disorder-related imaging services, such as fractures, joint diseases, and degenerative diseases. The aging population and growing incidence of orthopedic disorders account for the huge market share of this segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea diagnostic imaging equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of companies

• Canon Inc.
• Fujifilm Holdings Corporation
• GE Healthcare
• Koninklijke Philips NV
• Siemens Healthineers
• Shimadzu Medical
• Esaote SpA

Recent Developments:

• In May 2025, KOSDAQ-listed company Lunit partnered with private radiology network Starvision Service on a five-year agreement to install various medical imaging AI solutions in its 79 locations. These comprise software applications for the analysis of chest, breast, and fracture images.

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea diagnostic imaging equipment market based on the below-mentioned segments:

South Korea Diagnostic Imaging Equipment Market, By Product

• X-Ray
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• Computed Tomography
• Nuclear Medicine
• Fluoroscope
• Mammography

South Korea Diagnostic Imaging Equipment Market, By Application

• Cardiology
• Oncology
• Neurology
• Orthopedic
• Gastroenterology
• Gynecology
• Other Applications