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South Korea Medical Imaging Displays Market

ID: MRFR/MED/49111-HCR
200 Pages
Garvit Vyas
October 2025

South Korea Medical Imaging Displays Market Research Report By Display Technology (LED, TFT-LCD, CRT, PM-LCD, PMOLED, AMOLED) - Forecast to 2035

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South Korea Medical Imaging Displays Market Infographic
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South Korea Medical Imaging Displays Market Summary

As per MRFR analysis, the South Korea medical imaging-displays market size was estimated at 70.67 USD Million in 2024. The South Korea medical imaging-displays market is projected to grow from 73.71 USD Million in 2025 to 112.34 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South Korea medical imaging-displays market is poised for growth driven by technological advancements and increasing healthcare demands.

  • Technological advancements in imaging displays are enhancing diagnostic accuracy and efficiency.
  • The demand for diagnostic imaging is rising, particularly in the largest segment of radiology.
  • Telemedicine services are expanding, contributing to the fastest-growing segment of remote diagnostics.
  • Rising healthcare expenditure and a growing aging population are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 70.67 (USD Million)
2035 Market Size 112.34 (USD Million)

Major Players

GE Healthcare (US), Siemens Healthineers (DE), Philips Healthcare (NL), Canon Medical Systems (JP), Fujifilm Medical Systems (JP), Agfa HealthCare (BE), Carestream Health (US), Konica Minolta Healthcare (JP)

South Korea Medical Imaging Displays Market Trends

The medical imaging-displays market in South Korea is currently experiencing notable advancements driven by technological innovations and increasing healthcare demands. The integration of high-resolution displays and advanced imaging technologies is enhancing diagnostic accuracy and improving patient outcomes. Furthermore, the growing prevalence of chronic diseases necessitates the adoption of sophisticated imaging solutions, thereby propelling market growth. As healthcare facilities strive to provide superior services, the emphasis on quality imaging displays becomes paramount, influencing purchasing decisions and investment strategies. In addition, the regulatory environment in South Korea appears to support the expansion of the medical imaging-displays market. Government initiatives aimed at modernizing healthcare infrastructure and promoting research and development are likely to foster a conducive atmosphere for market players. The collaboration between public and private sectors may lead to innovative solutions tailored to meet the specific needs of healthcare providers. Overall, the medical imaging-displays market is poised for growth, driven by technological advancements and supportive policies that encourage investment in healthcare technologies.

Technological Advancements in Imaging Displays

the medical imaging-displays market witnesses rapid technological advancements., particularly in display resolution and image processing capabilities. Innovations such as OLED and LED technologies are enhancing image clarity and color accuracy, which are crucial for precise diagnostics. These advancements are likely to improve the overall efficiency of healthcare providers in South Korea.

Increased Demand for Diagnostic Imaging

There is a growing demand for diagnostic imaging solutions within the medical imaging-displays market, driven by an increase in chronic diseases and an aging population. This trend suggests that healthcare facilities are prioritizing investments in high-quality imaging displays to ensure accurate diagnoses and effective treatment plans.

Regulatory Support and Investment

The regulatory framework in South Korea appears to be increasingly supportive of the medical imaging-displays market. Government initiatives aimed at enhancing healthcare infrastructure and promoting technological innovation may lead to increased investments in advanced imaging solutions, thereby fostering market growth.

South Korea Medical Imaging Displays Market Drivers

Growing Aging Population

The demographic shift towards an aging population in South Korea is significantly impacting the medical imaging-displays market. As the population aged 65 and over is expected to reach 20% by 2025, there is a corresponding increase in the prevalence of age-related health issues. This demographic trend necessitates enhanced diagnostic capabilities, leading to a higher demand for advanced imaging displays. Hospitals and healthcare facilities are likely to invest in superior imaging technologies to cater to the needs of older patients, who often require more frequent medical evaluations. Consequently, the medical imaging-displays market is poised for growth as healthcare providers seek to improve diagnostic accuracy and patient care for this expanding demographic.

Rising Healthcare Expenditure

The medical imaging-displays market in South Korea is experiencing growth due to the increasing healthcare expenditure. The South Korean government has been investing heavily in healthcare infrastructure, which includes advanced imaging technologies. In 2025, healthcare spending is projected to reach approximately 9.5% of the GDP, indicating a robust commitment to enhancing medical services. This financial support facilitates the acquisition of high-quality imaging displays, which are essential for accurate diagnostics. Furthermore, as hospitals and clinics upgrade their facilities, the demand for state-of-the-art imaging displays is likely to rise, thereby driving market growth. The emphasis on improving patient outcomes through better imaging solutions aligns with the overall trend of increasing healthcare investments in the region.

Expansion of Telemedicine Services

The expansion of telemedicine services in South Korea is emerging as a key driver for the medical imaging-displays market. With the rise of remote consultations and digital health platforms, there is a growing need for high-quality imaging displays that can facilitate accurate remote diagnostics. Telemedicine allows healthcare providers to reach patients in remote areas, thereby increasing the demand for imaging technologies that can be utilized in virtual consultations. As of 2025, it is estimated that telemedicine services will account for approximately 15% of all healthcare consultations in South Korea. This trend suggests a significant opportunity for the medical imaging-displays market, as healthcare providers invest in technologies that support telehealth initiatives.

Technological Integration in Healthcare

The integration of advanced technologies such as artificial intelligence (AI) and machine learning into the medical imaging-displays market is transforming the landscape of healthcare in South Korea. These technologies enhance the capabilities of imaging displays, allowing for improved image analysis and interpretation. As healthcare providers increasingly adopt AI-driven solutions, the demand for high-resolution imaging displays that can support these technologies is likely to grow. In 2025, it is anticipated that the market for AI in medical imaging will reach approximately $2 billion, further driving the need for compatible imaging displays. This trend indicates a shift towards more sophisticated diagnostic tools, which could potentially enhance patient outcomes and operational efficiency in healthcare settings.

Increased Focus on Preventive Healthcare

The medical imaging-displays market is benefiting from a growing emphasis on preventive healthcare in South Korea. As awareness of health issues rises, individuals are more inclined to undergo regular health screenings and diagnostic imaging. This shift towards preventive measures is prompting healthcare facilities to invest in advanced imaging technologies that provide clearer and more accurate results. The South Korean government has also been promoting initiatives aimed at early detection of diseases, which further fuels the demand for high-quality imaging displays. As a result, the market is likely to see an uptick in sales as healthcare providers seek to meet the increasing demand for preventive diagnostic services.

Market Segment Insights

Medical Imaging Displays Market Display Technology Insights

The South Korea Medical Imaging Displays Market is experiencing notable advancements within the Display Technology segment, which plays a critical role in enhancing image quality and diagnostic capabilities in healthcare. This segment encompasses several technologies, including LED, TFT-LCD, CRT, PM-LCD, PMOLED, and AMOLED, each contributing uniquely to the medical imaging landscape. LED technology stands out due to its energy efficiency and superior brightness, making it suitable for various imaging applications, which enhances visibility in challenging diagnostic environments. 

TFT-LCD remains significant due to its widespread adoption in medical monitors, providing reliable color accuracy and clarity, essential for precise diagnoses. CRT, though gradually being phased out, still holds relevance in some older imaging systems because of its reliability, albeit with limitations in portability and energy consumption.In addition, PM-LCD offers advantages in terms of lightweight design and thin profiles, which are vital for portable medical devices. PMOLED reflects a trend towards flexible display solutions, enhancing the advent of new medical devices that require innovative form factors.

AMOLED technology promises faster refresh rates and better contrast ratios, making it ideal for high-definition medical imaging, thereby improving patient outcomes through clearer, more detailed images. 

The overall importance of these technologies lies in their ability to support evolving healthcare needs and the growing demand for telemedicine solutions bolstered by advancements in technology and digital healthcare initiatives in South Korea. The South Korea Medical Imaging Displays Market segmentation reflects these dynamics, illustrating a landscape ripe with growth opportunities spurred by continuous innovation and integration of cutting-edge technology in the medical imaging sector, underpinning a promising future for medical imaging display solutions.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Get more detailed insights about South Korea Medical Imaging Displays Market

Key Players and Competitive Insights

The medical imaging-displays market in South Korea is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for high-quality imaging solutions. Key players such as GE Healthcare (US), Siemens Healthineers (DE), and Philips Healthcare (NL) are at the forefront, each adopting distinct strategies to enhance their market presence. GE Healthcare (US) focuses on innovation through the development of advanced imaging technologies, while Siemens Healthineers (DE) emphasizes strategic partnerships to expand its product offerings. Philips Healthcare (NL) is actively pursuing digital transformation initiatives, integrating AI capabilities into its imaging solutions, thereby shaping a competitive environment that prioritizes technological superiority and customer-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and enhance supply chain efficiency. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a diverse range of products and services, catering to various segments within the healthcare sector. The collective strategies of these companies indicate a trend towards collaboration and innovation, which is likely to redefine competitive dynamics in the near future.

In October 2025, Siemens Healthineers (DE) announced a strategic partnership with a leading South Korean hospital network to implement its latest imaging technologies. This collaboration aims to enhance diagnostic accuracy and streamline workflows, reflecting Siemens' commitment to integrating advanced solutions into clinical settings. Such partnerships not only bolster Siemens' market position but also signify a growing trend towards collaborative healthcare solutions that prioritize patient outcomes.

In September 2025, Philips Healthcare (NL) launched a new AI-driven imaging platform designed to improve diagnostic efficiency in radiology departments. This platform leverages machine learning algorithms to assist radiologists in identifying anomalies more accurately and swiftly. The introduction of this technology underscores Philips' focus on digital innovation and its potential to transform imaging practices, thereby enhancing its competitive edge in the market.

In August 2025, GE Healthcare (US) expanded its product line by introducing a series of portable imaging devices tailored for remote diagnostics. This move not only addresses the increasing demand for accessible healthcare solutions but also positions GE Healthcare as a leader in portable imaging technology. The strategic importance of this expansion lies in its potential to capture a broader market share, particularly in underserved regions where traditional imaging facilities may be limited.

As of November 2025, current trends in the medical imaging-displays market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, as companies recognize the need to collaborate in order to innovate and meet evolving customer demands. Looking ahead, competitive differentiation is likely to shift from price-based strategies to a focus on technological innovation, reliability in supply chains, and the ability to deliver superior patient care solutions. This evolution suggests that companies must continuously adapt and innovate to maintain their competitive positions in a rapidly changing market.

Key Companies in the South Korea Medical Imaging Displays Market market include

Industry Developments

In recent months, the South Korea Medical Imaging Displays Market has observed notable developments and current trends. Companies like Mindray and Philips Healthcare are at the forefront of technological innovations, enhancing imaging quality and patient diagnostics. In October 2023, Agfa Healthcare announced a partnership with local hospitals to improve digital imaging capabilities, reinforcing its presence in the region.

The increasing demand for advanced imaging solutions, driven by an aging population, has led to growth in the market valuation of companies such as GE Healthcare and Siemens Healthineers, which are actively investing in Research and Development.In terms of mergers and acquisitions, Fujifilm Holdings completed its acquisition of a local imaging firm in September 2023 to strengthen its market offerings in diagnostic imaging. Additionally, in January 2023, Canon Medical Systems expanded its portfolio by acquiring a leading South Korean technology firm focused on imaging software.

These transactions underscore the competitive landscape as companies aim to enhance their market share in South Korea. Over the past two years, the market has shown resilience, adapting to technological advancements and regulatory changes, which contribute to a dynamically evolving environment.

Future Outlook

South Korea Medical Imaging Displays Market Future Outlook

The medical imaging-displays market in South Korea is projected to grow at a 4.3% CAGR from 2024 to 2035, driven by technological advancements and increasing healthcare demands.

New opportunities lie in:

  • Development of AI-integrated imaging displays for enhanced diagnostics.
  • Expansion of telemedicine platforms utilizing advanced imaging technologies.
  • Partnerships with healthcare providers for customized display solutions.

By 2035, the market is expected to achieve robust growth, reflecting evolving healthcare needs.

Market Segmentation

South Korea Medical Imaging Displays Market Panel Size Outlook

  • 9 Inch
  • 0-26.9 Inch
  • 0-41.9 Inch
  • More than 42 Inch

South Korea Medical Imaging Displays Market Resolution Outlook

  • 2MP
  • 1–4MP
  • 1–8MP
  • Above 8MP

South Korea Medical Imaging Displays Market Technology Outlook

  • LED
  • AMOLED
  • PMOLED
  • CRT
  • TFT-LCD
  • PM-LCD

South Korea Medical Imaging Displays Market Application Outlook

  • Diagnostic
  • Dentistry
  • General radiology
  • Surgical/interventional
  • Digital pathology
  • Mammography
  • Multi-modality
  • Others

South Korea Medical Imaging Displays Market Display Color Outlook

  • Monochrome display
  • Color display

Report Scope

MARKET SIZE 202470.67(USD Million)
MARKET SIZE 202573.71(USD Million)
MARKET SIZE 2035112.34(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.3% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["GE Healthcare (US)", "Siemens Healthineers (DE)", "Philips Healthcare (NL)", "Canon Medical Systems (JP)", "Fujifilm Medical Systems (JP)", "Agfa HealthCare (BE)", "Carestream Health (US)", "Konica Minolta Healthcare (JP)"]
Segments CoveredTechnology, Resolution, Panel Size, Display Color, Application
Key Market OpportunitiesIntegration of advanced artificial intelligence in medical imaging-displays enhances diagnostic accuracy and workflow efficiency.
Key Market DynamicsTechnological advancements drive demand for high-resolution medical imaging displays in South Korea's healthcare sector.
Countries CoveredSouth Korea

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FAQs

What is the expected market size of the South Korea Medical Imaging Displays Market by 2024?

The South Korea Medical Imaging Displays Market is expected to be valued at 105.0 million USD by the year 2024.

What is the projected market size for the South Korea Medical Imaging Displays Market by 2035?

By 2035, the South Korea Medical Imaging Displays Market is projected to be valued at 186.0 million USD.

What is the expected CAGR for the South Korea Medical Imaging Displays Market from 2025 to 2035?

The expected CAGR for the South Korea Medical Imaging Displays Market from 2025 to 2035 is 5.336%.

Which display technology segment holds the largest market share in 2024?

In 2024, the TFT-LCD segment holds the largest market share, valued at 30.0 million USD.

How much is the LED display segment expected to grow by 2035?

The LED display segment is expected to grow from 25.0 million USD in 2024 to 45.0 million USD by 2035.

Who are the key players in the South Korea Medical Imaging Displays Market?

Key players in the market include Mindray, Philips Healthcare, Agfa Healthcare, Fujifilm Holdings, and GE Healthcare.

What is the market size for the CRT display segment by 2035?

The CRT display segment is expected to reach a market size of 15.0 million USD by the year 2035.

What opportunities exist for growth in the South Korea Medical Imaging Displays Market?

Opportunities for growth include advancements in imaging technology and rising demand for high-quality imaging displays.

What challenges does the South Korea Medical Imaging Displays Market currently face?

Challenges include rapid technological changes and competition from emerging display technologies.

What is the expected market size for the PM-LCD segment by 2035?

The PM-LCD segment is expected to grow to 40.0 million USD by the year 2035.

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