
Global & South Korea Ultrasound Market to 2031
Description
The ultrasound market in South Korea is significantly influenced by a robust public healthcare system, an aging demographic, and an increasing incidence of chronic diseases. The government's proactive stance on healthcare funding and the adoption of advanced technologies further bolster market growth.
A major factor driving this market is the rising number of chronic health conditions. A 2024 report from the National Health Insurance Service (NHIS) indicates a notable increase in chronic diseases, with diabetes alone affecting approximately 5.3 million adults aged 30 and above in 2022. This surge in chronic illnesses necessitates regular diagnostic imaging, with ultrasound playing a vital role in managing and monitoring related complications, particularly cardiovascular problems.
Additionally, the healthcare sector's emphasis on technological progress is pivotal for market expansion. The National Digital Transformation (DX) Promotion Plan, as outlined in a 2024 report by the International Trade Administration, encourages the integration of AI-driven diagnostic technologies. This initiative aims to enhance healthcare service efficiency, leading to the quicker adoption of advanced ultrasound systems equipped with AI for improved image analysis and expedited diagnoses. This strategy also aligns with the NHIS's efforts to provide better compensation for essential medical services that are often undervalued.
In summary, the South Korean ultrasound market is set for ongoing growth, supported by a well-resourced healthcare system and a strategic emphasis on addressing chronic diseases through technological advancements.
A major factor driving this market is the rising number of chronic health conditions. A 2024 report from the National Health Insurance Service (NHIS) indicates a notable increase in chronic diseases, with diabetes alone affecting approximately 5.3 million adults aged 30 and above in 2022. This surge in chronic illnesses necessitates regular diagnostic imaging, with ultrasound playing a vital role in managing and monitoring related complications, particularly cardiovascular problems.
Additionally, the healthcare sector's emphasis on technological progress is pivotal for market expansion. The National Digital Transformation (DX) Promotion Plan, as outlined in a 2024 report by the International Trade Administration, encourages the integration of AI-driven diagnostic technologies. This initiative aims to enhance healthcare service efficiency, leading to the quicker adoption of advanced ultrasound systems equipped with AI for improved image analysis and expedited diagnoses. This strategy also aligns with the NHIS's efforts to provide better compensation for essential medical services that are often undervalued.
In summary, the South Korean ultrasound market is set for ongoing growth, supported by a well-resourced healthcare system and a strategic emphasis on addressing chronic diseases through technological advancements.
Table of Contents
109 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. South Korea Ultrasound Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Ultrasound Market Key Market Dynamics
- 5.1 Ultrasound Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. South Korea Ultrasound Market – Analysis
- 6.1 South Korea Ultrasound Market Revenue (US$ Million), 2021–2031
- 6.2 South Korea Ultrasound Market Revenue and Forecast Analysis
- 7. South Korea Ultrasound Market Analysis – by Product Type
- 7.1 South Korea Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Product Type
- 8. South Korea Ultrasound Market Analysis – by Portability
- 8.1 South Korea Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Portability
- 9. South Korea Ultrasound Market Analysis – by Application
- 9.1 South Korea Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
- 10. South Korea Ultrasound Market Analysis – by End User
- 10.1 South Korea Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 GE HealthCare Technologies Inc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Siemens Healthineers AG
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 FUJIFILM Holdings Corp
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Canon Inc
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Koninklijke Philips NV
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 ESAOTE SPA
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Shenzhen Mindray Bio-Medical Electronics Co Ltd
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Hologic Inc
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Trivitron Healthcare Pvt Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Samsung Healthcare
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. South Korea Ultrasound Market Segmentation
- Table 2. List of Vendors
- Table 3. South Korea Ultrasound Market – Revenue, 2021–2024 (US$ Million)
- Table 4. South Korea Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. South Korea Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Product Type
- Table 6. South Korea Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
- Table 7. South Korea Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Portability
- Table 8. South Korea Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Portability
- Table 9. South Korea Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Application
- Table 10. South Korea Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
- Table 11. South Korea Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by End User
- Table 12. South Korea Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. South Korea Ultrasound Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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