South Korean hospitals in need of AI transformation to improve diagnostics

The diagnostic imaging market is seen to grow at 5% between 2023 and 2030.

Hospitals in South Korea have an increasing demand for AI-based imaging solutions from healthtech startups, analytics firm, GlobalData, said.

It added that the South Korea diagnostic imaging market is projected to grow at a compound annual growth rate of approximately 5% between 2023 and 2030.

Damini Goyal, medical devices analyst in GlobalData, said the AI and machine learning into medical diagnostics will fully equip hospitals’ diagnosis for patients.

“Rise in demand for high-precision equipment in military hospitals and accelerated approval policies are expanding South Korea's innovation and foreign attractiveness potential,” said Goyal, in a statement.

Goyal was referring to the “Armed Forces Medical System AI Transformation project, military collaborations with companies offering AI-powered medical devices have demonstrated advanced patient care in military settings, where there is a shortage of diagnostic specialists, therefore increasing the demand.”

An example of these are Lunit Inc which recently partnered with military hospitals and the UAE's largest healthcare network to provide AI-based X-ray and mammography analysis products to over 1,000 hospitals.