South Korea MRI Market - Forecasts from 2025 to 2030
Description
The South Korea MRI Market is estimated to attain a market size of US$292.384 million by 2030, growing at a 3.07% CAGR from a valuation of US$251.343 million in 2025, during the forecast period of 2025 to 2030.
The country is witnessing high adoption of 3T MRI systems, AI-powered imaging, and hybrid modalities like PET-MRI, all of which improve diagnostic accuracy and operational efficiency. Moreover, collaboration are happening to boast technological advancement, such as in October 2024 AIRS Medical and HealthCare Konnect formed a partnership which aimed to accelerate access to SwiftMR, an AI-driven MRI acceleration software which uses deep learning to reduce MRI scan times by up to 50% while producing sharper images, allowing radiology centers to scan more patients in less time and ultimately enhancing the overall patient experience.
Market Trends:
Rise in Chronic Diseases: The increasing prevalence of chronic conditions like diabetes in South Korea is driving demand for advanced diagnostic imaging, such as MRI. Diabetes-related complications, including cardiovascular disease and stroke, necessitate early detection and monitoring through MRI. The International Diabetes Federation reports an 8.6% diabetes prevalence among South Korean adults, with 3,511,800 cases recorded in 2021.
Seoul's Healthcare Advancements: As South Korea’s capital, Seoul boasts a robust healthcare infrastructure and ongoing advancements in medical technology for improved diagnostics. The city is home to major medical facilities, including Seoul National University Hospital and Seoul Metropolitan Government Medical Center, which offer MRI screening for diagnostic purposes. Additionally, heightened cancer awareness has prompted government initiatives like the “National Lung Cancer Screening Program,” further boosting the demand for MRI screening in Seoul and other major South Korean cities.
Some of the major players covered in this report include Siemens Healthineers AG, Canon Medical Systems Corporation, and Koninklijke Philips N.V., among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
South Korea MRI Market Segmentation:
By Type
Closed
Open
By Application
Screening
Diagnosis
Treatment Monitoring
Research
By End-User
Hospitals
Diagnostic Centre
Others
By Geography
Seoul
Incheon
Busan
Daegu
Others
The country is witnessing high adoption of 3T MRI systems, AI-powered imaging, and hybrid modalities like PET-MRI, all of which improve diagnostic accuracy and operational efficiency. Moreover, collaboration are happening to boast technological advancement, such as in October 2024 AIRS Medical and HealthCare Konnect formed a partnership which aimed to accelerate access to SwiftMR, an AI-driven MRI acceleration software which uses deep learning to reduce MRI scan times by up to 50% while producing sharper images, allowing radiology centers to scan more patients in less time and ultimately enhancing the overall patient experience.
Market Trends:
Rise in Chronic Diseases: The increasing prevalence of chronic conditions like diabetes in South Korea is driving demand for advanced diagnostic imaging, such as MRI. Diabetes-related complications, including cardiovascular disease and stroke, necessitate early detection and monitoring through MRI. The International Diabetes Federation reports an 8.6% diabetes prevalence among South Korean adults, with 3,511,800 cases recorded in 2021.
Seoul's Healthcare Advancements: As South Korea’s capital, Seoul boasts a robust healthcare infrastructure and ongoing advancements in medical technology for improved diagnostics. The city is home to major medical facilities, including Seoul National University Hospital and Seoul Metropolitan Government Medical Center, which offer MRI screening for diagnostic purposes. Additionally, heightened cancer awareness has prompted government initiatives like the “National Lung Cancer Screening Program,” further boosting the demand for MRI screening in Seoul and other major South Korean cities.
Some of the major players covered in this report include Siemens Healthineers AG, Canon Medical Systems Corporation, and Koninklijke Philips N.V., among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
South Korea MRI Market Segmentation:
By Type
Closed
Open
By Application
Screening
Diagnosis
Treatment Monitoring
Research
By End-User
Hospitals
Diagnostic Centre
Others
By Geography
Seoul
Incheon
Busan
Daegu
Others
Table of Contents
80 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. SOUTH KOREA MRI MARKET BY TYPE
- 5.1. Introduction
- 5.2. Closed
- 5.3. Open
- 6. SOUTH KOREA MRI MARKET BY APPLICATION
- 6.1. Introduction
- 6.2. Screening
- 6.3. Diagnosis
- 6.4. Treatment Monitoring
- 6.5. Research
- 7. SOUTH KOREA MRI MARKET BY END-USER
- 7.1. Introduction
- 7.2. Hospitals
- 7.3. Diagnostic Centre
- 7.4. Others
- 8. SOUTH KOREA MRI MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. Seoul
- 8.3. Incheon
- 8.4. Busan
- 8.5. Daegu
- 8.6. Others
- 9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
- 10. COMPANY PROFILES
- 10.1. Siemens Healthineers AG
- 10.2. Canon Medical Systems Corporation
- 10.3. Koninklijke Philips N.V.
- 10.4. General Electric Company
- 10.5. FUJIFILM Holdings Corporation
- 10.6. Esaote SPA
- 10.7. Shanghai United Imaging Healthcare Co., Ltd.
- 10.8. Brightonix Imaging
- 11. APPENDIX
- 11.1. Currency
- 11.2. Assumptions
- 11.3. Base and Forecast Years Timeline
- 11.4. Key benefits for the stakeholders
- 11.5. Research Methodology
- 11.6. Abbreviations
Pricing
Currency Rates
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