South Korea Digital X-Ray Market Trends

The factors propelling the growth of this market are the increased frequency of various cancer illnesses, the nation's expanding research, and technological developments. Strategic measures are also anticipated to support the development of the future market. In South Korea, there were 230,317 new cases of cancer in 2020, and 350,598 instances are expected by 2040, according to Globocan 2020. The predicted rise in cancer cases would have an impact on how often x-ray machines are used in the nation to diagnose various types of cancer. As a result, it is projected that the market under investigation would experience significant expansion over the forecast period. In South Korea, x-rays are frequently used in research investigations to diagnose cancer. For instance, in April 2020, the Radiological Society of North America (RSNA) Radiology journal published an article with the title "Lung Cancer CT Screening and Lung-RADS in a Tuberculosis-endemic Country: The Korean Lung Cancer Screening Project (K-LUCAS)". The researchers concluded that in a group at risk, tuberculosis sequelae decreased the specificity of lung cancer CT screening utilizing the Lung CT Screening Reporting and Data System. As a result, lung cancer can be screened for using x-ray-based CT imaging. There are a lot of innovations happening in South Korea, including partnerships in the market there for this application. For instance, in June 2021, South Korean companies, VUNO Inc. and Samsung Electronics Co., Ltd. agreed to new cooperation to integrate VUNO Med-Chest X-ray, a premium mobile digital x-ray system from Samsung, inside the GM85. The integrated mobile X-ray suite from Samsung will be able to scan an image while the patient is still in the hospital and send AI results immediately using VUNO's AI. Thus, it is anticipated that the market will expand as a result of additional innovations in this area.

Hence, the above factors are further expected to improve the market growth in this segment.