The number of radiation therapy equipment units in South Korea has shown a steady increase from 284 in 2013 to 363 in 2023. This consistent upward trend is marked by a year-on-year variation ranging from 0% to 4.8% over the observed period. Specifically, in 2023, we observe a year-on-year increase of 1.4%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.43%, indicative of a stable growth pattern in this sector.
Looking ahead, the forecast data from 2024 to 2028 suggest a more modest growth trajectory with a forecasted five-year CAGR of 1.01% and an overall growth rate of 5.16% by 2028. The year-on-year growth rates are expected to remain positive but lower compared to the historical data.
Future trends to watch for include technological advancements in radiation therapy equipment, government healthcare policies, and increased investment in healthcare infrastructure. These factors are likely to influence the demand and deployment of radiation therapy equipment in South Korea.
