In 2023, the CT devices market in Korea is estimated to be around USD *** million in terms of manufacturers/importers' initial selling prices, representing a decrease of ***% from the 2019 market of around USD *** million. The number of units supplied in 2023 is estimated to be around ***, down by a CAGR of ***% from approximately *** units in 2019.
This is different from the number of units actually installed in medical institutions, including the number of units in stock for sale to both domestic and overseas medical institutions.
The CT devices market in terms of retail prices is estimated to be around USD *** million and expected to reach USD *** million over the next five years in 2028 at at CAGR of ***%. This is related to the increasing supply of CT devices with advanced technologies sugh as artificial intelligence (AI) as well as the increasing unit price per device.
According to the "Medical Equipment Reporting and Unique Device Identification Standards", the CT devices that medical institutions have to report to the Health Insurance Review and Assessment Service are (1) Computed Tomography and (2) Cone beam CT. Dental cone beam CTs are not included in the scope of this report.
In 2023, the total number of CT units (whole body + partial body) installed in all the *** medical institutions nationwide for medical purposes like disease diagnosis is ***, an increase of ***% at a CAGR of ***% from the *** units in 2019.
In 2023, there were *** CT devices used for whole-body imaging. The number of high-resolution devices (more than 64 channels and less than 256 channels) is about *** and medium-resolution devices (more than 16 channels and less than 64 channels) is about ***. Low-resolution devices (less than 16 channels) are about ***.
CT devices continued to grow in number of installations across all types of medical institutions. Especially in tertiary hospitals and other institutions, with CAGRs of ***% and ***% respectively over the five years from 2019 to 2023
Cone beam CTs used for multi-purpose, site-specific imaging was *** units in 2023, up ***% CAGF from *** units in 2019. The rate of new installations is increasing in all healthcare organizations except general hospitals. Over the five-year period from 2019 to 2023, the CAGR for clinics and tertiary hospitals increased significantly at ***% and ***% respectively.
In terms of the whold-body CT market share in 2023, Siemens Healthineers has the largest market share of ***%, followed by GE Healthcare ***%, Canon Medical Systems ***% and Philips ***%, making it an oligopolistic market with the top four suppliers accounting for approximately ***%.
The two suppliers L&C AI and Vatech have a combined market share of approximately ***% for the standalone cone beam CT market. The respective shares are ***% for L&C AI and ***% for Vatech.
With an ageing population and increasing life expectancy, the number of cancer patients is on the rise. This is expected to create opportunities for the CT devices market of Korea as CT is being used to diagnose cancer in various parts of the body.
Recently, Simens Healthineers, Philips Electronics and Philips, Canon Medical Systems and Fujifilm are known to actively develop AI in the field of CT imaging diagnostics.
Currently, AI in the Korean CT devices market is mainly used to improve image quality and reconstruct images from low-dose CT scans. In the future, it is expected that software develoopment will become more active to improve diagnostic accuracy and examination convenience.
The CT devices market of Korea is expected to continue to grow at a CAGR of ***% over the next five years, driven by an aging population, extending life expectancy, increasing early cancer screening rates and soaring development of artificial intelligence software which improves diagnostic accuracy and test effciency.

Abbreviations and Acronyms
Chapter 1. Introduction
   1.1. Purpose
   1.2. Suggestions for Best Use
   1.3. Scope
   1.4. Research Methods
      1.4.1. Desk Research
      1.4.2. Primary Research
   1.6. Analysis and Projection Methods of Market Size
      1.5.1. Data Sources
      1.5.2. Exchange Rate
      1.5.3. Market Size Estimation Methods
Chapter 2. Executive Summary
Chapter 3. Market Overview
   3.1. Market Size at Manufacturers/Importers' Initial Selling Prices
      3.1.1. Five-Year Forecast of Market Size
   3.2. Market Size by Installation at Medical Institutions
      3.2.1. Installations of CT Systems
         3.2.1.1. Total Installations at Medical Institutions
         3.2.1.2. Installations by Resolution (Number of Channels)
         3.2.1.3. Installations by End-User Type
         3.2.1.4. Installations at Health Screening Centers and Radiology Clinics
      3.2.2. Installations of Single Cone Beam CT
         3.2.2.1. Total Installations at Medical Institutions
         3.2.2.2. Installations by End-User Type
Chapter 4. Major Suppliers
   4.1. Siemens Healthineers
   4.2. GE HealthCare
   4.3. Canon Medical Systems
   4.4. Philips
   4.5. DK Medical Solutions
   4.6. L&C AI
   4.7. Vatech
Chapter 5. Market Dynamics
   5.1. Charateristics of Health Care Maket in Korea
      5.1.1. History of CT Systems Market in Korea
      5.1.2. Change History of Payment Environment
      5.1.3. Number of Medical Institutions in Korea
      5.2.1. Key Indicators of CT Systems Market
      5.2.1. Aging Populations and Increasing Life Expectancy
      5.2.2. Early Detection of Lung Cancer
      5.2.3. Radiological Care
      5.2.4. CT Diagnostics
         5.2.4.1. CT Diagnostics by End-User Type
         5.2.4.2. CT Diagnostics by Common Site
      5.2.5. Cancer Prevalence and Number of New Cases
      5.2.6. Use of Contrast Agent for CT
   5.3. Market Drivers
      5.3.1. Demand
      5.3.2. Increase in Number of Suppliers
   5.4. Market Opportunities
      5.4.1. Aging Population and Increasing demand for early cancer screening
      5.4.2. Increasing Demand with Higher Quality Control Standards
      5.4.3. Medical AI Software Development
   5.5. Market Restraints
   5.6. Unmet Needs
Appendix 1. List of Reimbursement Contrast Agents (as of 01 August 2024)

[Table 1] CT Systems Product Approval
[Table 2] Market Size of Initial Selling Price
[Table 3] Full-Body CT Scans Market Size of Initial Selling Price
[Table 4] Local CT Scans Market Size of Initial Selling Price
[Table 5] Five-Year Forecast of Market Size
[Table 6] Total Installations by Product Type
[Table 7] Number of Medical Institutions with CT Systems
[Table 8] Imported vs. Manufactured Products Installations
[Table 9] Installations by Resolution Type
[Table 10] Installations by End-User Type
[Table 11] Number of Health Screening Centers and Radiology Clinics with CT Systems
[Table 12] Number of CT Systems at Health Screening Centers and Radiology Clinics
[Table 13] Installations at Health Screening Centers and Radiology Clinics by Resolution Type
[Table 14] Cone Beam CT Installations by Imported vs. Manufactured Products
[Table 15] Cone Beam CT Installations by End-User Type
[Table 16] Number of CT Systems Approval by Product Type
[Table 17] Key Brands of Major Suppliers
[Table 18] CT Systems Supply by Major Companies per End-User Type
[Table 19] Key Brand of Siemens Healthineers - SOMATOM Pro.Pulse
[Table 20] Key Brand of GE HealthCare - Revolution Maxima, Revolution Apex
[Table 21] Key Brand of GE HealthCare - Optima
[Table 22] Key Brand of Canon Medical Systems - Aquilion PRIME SP
[Table 23] Key Brand of Canon Medical Systems - Aquilion Serve
[Table 24] Key Brand of Philips - Brilliance CT 64-slice
[Table 25] Key Brand of Philips - Incisive CT
[Table 26] Key Brand of Philips - Big Bore RT
[Table 27] Key Brand of Philips - Spectral CT 7500
[Table 28] Key Brand of Philips - CT 5300
[Table 29] Key Brand of DK Medical Solution - Planmed Verity
[Table 30] Key Brand of L&C AI - Phion 2.0
[Table 31] Key Brand of Vatech - Smart M
[Table 32] Generational Evolution of CT Imaging Technology
[Table 33] Reimbursement Criteria for CT Scans
[Table 34] Number of Medical Institutions in Korea 2019-2023
[Table 35] Estimate of Elderly Population Over 65 Years Old
[Table 36] Lung Cancer Screening Recommendations
[Table 37] Cancer Screening Rates by Cancer Type 2018-2022
[Table 38] Radiology Care
[Table 39] Number of Board-certified Radiologists
[Table 40] Number of CT Scans by End-User Type
[Table 41] Number of CT Scans by Common Site
[Table 42] Number of New Patients by Cancer Type 2022
[Table 43] Contrast Agents Types and Substances for CT Scans
[Table 44] Production/Import Volume of Major Contrast Agents for CT Scans and Gastrointestinal Imaging
[Table 45] Use of Contrast Agents for CT Scans by Common Site
[Table 46] Summary of Market Drivers
[Table 47] Changes in Number of Suppliers by Product Type

[Fig 1] Computed Tomography Systems
[Fig 2] CT Market Size of Initial Selling Price 2019-2023
[Fig 3] CT Systems Approval by Product Type 2023
[Fig 4] Five-Year Forecast of Market Size
[Fig 5] Installations by Product Type
[Fig 6] Total CT Installations at Medical Institutions of Korea
[Fig 7] Installations by Resolution Type 2023
[Fig 8] Trends in Installations by Resolution Type 2019-2023
[Fig 9] Installations by End-User Type 2023
[Fig 10] Trends in Installations by End-User Type 2019-2023
[Fig 11] Total Cone Beam CT Installations at Medical Institutions of Korea
[Fig 12] Cone Beam CT Installations by End-User Type 2023
[Fig 13] Trends in Cone Beam CT Installations by End-User Type 2019-2023
[Fig 14] Market Share Estimate of Major Suppliers 2023
[Fig 15] Cone Beam CT Market Share Estimate of Major Suppliers 2023
[Fig 16] Percentage of Population aged 65+ years
[Fig 17] Life Expectancy 2011-2021
[Fig 18] Lung Cancer Screening Rates 2020-2022
[Fig 19] Number of Radiology Patients 2018-2022
[Fig 20] Number of Board-Certified Radiologists 2019-2023
[Fig 21] Number of CT Scans 2018-2022

Siemens Healthineers
GE HealthCare
Canon Medical Systems
Philips
DK Medical Solutions
L&C AI
Vatech