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The South Korean diagnostic imaging market is divided into product, application, and end user segments. The product segments include X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography, nuclear medicine, fluoroscope, and mammography (Hospitals, Diagnostic Centers and Other End Users).
On the market, the COVID-19 pandemic is anticipated to have a substantial effect. Given the potential advantages, including reduced exposure of healthcare workers to infected patients, repeatability during follow-up, low costs, and easier application in low-resource settings, the COVID-19 pandemic has an effect on the demand for imaging diagnostics, which could have a marginally positive effect on the diagnostic imaging market.
The incidence of chronic diseases, technological improvements, and the growing elderly population are the main market drivers for diagnostic imaging in South Korea.
The South Korea Medical Imaging market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Nano-X Imaging Ltd., an organisation that develops medical imaging technologies, declared that “it has opened its new semiconductor chip fabrication facilities in South Korea.” According to Nano-X Imaging, the newly launched production facility is now completely operational and has been up and running as planned.
The facility was created, according to the business, to serve as the main location for producing its micro-electro-mechanical systems (MEMs), also known as its Nanox.SOURCE semiconductor “chips”.
The Nanox.SOURCE chip creates the digital X-ray source for the company’s Nanox.ARC system, a 3D medical imaging system that has the ability to democratise significant access to imaging that isn’t currently available in about two-thirds of the world, the company claims. Nanox stated that it intended for the new factory to achieve targeted scaled production.
The company stated that it is simultaneously preparing its assembly line and manufacturing capacity at its Nanox.ARC system production line in Israel.
The new South Korean fabrication facility, according to the business, is ideally positioned next to Yongin, South Korea’s largest semiconductor cluster, and is built with the express purpose of producing MEMs.
