South Korea’s ultrasound systems market poised for 3% CAGR growth until 2033

The country comprises 8% of the ultrasound systems market in APAC.

South Korea’s ultrasound systems market is expected to grow at a compound annual growth rate of 3% until 2033, according to GlobalData.

The report also revealed that the country accounted for approximately 8% of the ultrasound systems market in the Asia-Pacific (APAC) region.

“With growing minimally invasive procedure volumes to treat an ageing population, readily available, fast and accurate diagnostic tools are in demand.” Kanchan Chauhan, Medical Devices Analyst at GlobalData, said.

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“As a result, ultrasound diagnosis is likely to become indispensable at all levels of the healthcare system, driving market growth," Chauhan added.

Some factors that have driven the market’s growth include South Korea’s increasing access to healthcare, growing awareness of treatment options, and improvements in healthcare infrastructure.