South Korea Medical Equipment Maintenance Market Size & Outlook, 2025-2033
South Korea Medical Equipment Maintenance Market Size
According to Straits Research analysis, the South Korea Medical Equipment Maintenance Market was valued at USD 918.62 Million in 2024 and is projected to reach USD 1992.31 Million by 2033, expanding at a CAGR of 9.1% during the forecast period. This growth is primarily driven by the rapid advancement in the healthcare sector and the ageing infrastructure of existing medical facilities. investment in renewable energy, green production methods, and sustainability initiatives are identified as emerging trends that could offer new opportunities. Medical imaging equipment, including MRI, CT, and X-ray machines, tops the demand, driven by an increasing number of diagnostic centers and hospitals. South Korea’s focus on technological innovation and high-quality healthcare solutions are key factors in its medical equipment maintenance market growth prediction. The nation is positioning itself as a significant player in the global medical equipment maintenance market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Medical Equipment Maintenance Market Highlights
- Corrective Maintenance held the leading position among Service Type segments in 2024, based on market size.
- Preventive Maintenance is projected to post the fastest growth rate, sustaining its position as the most attractive Service Type segment during the forecast horizon.
- As of 2024, South Korea held 2.18% of the global medical equipment maintenance market size.
- By 2033, United States is anticipated to capture the largest share of the global medical equipment maintenance market.
- In Asia Pacific, China is expected to lead the regional medical equipment maintenance market size by 2033.
- India will remain the fastest-growing market in Asia Pacific, reaching USD 58503 Million by 2033.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 918.62 Million |
| Market Size In 2033 | USD 1992.31 Million |
| Largest segment | Corrective Maintenance |
| Fastest segment | Preventive Maintenance |
| Units | Revenue in USD Million |
| CAGR | 9.1% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Service Type |
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| Service Provider |
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| Device Type |
|
| End-User |
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South Korea Medical Equipment Maintenance Market By Service Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Medical Equipment Maintenance Market By Service Provider 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Medical Equipment Maintenance Market By Device Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Korea Medical Equipment Maintenance Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
