MEDICAL STANDARD Co., Ltd.

What MEDICAL STANDARD Co., Ltd. does

MEDICAL STANDARD Co., Ltd. is a Seoul-based medical imaging software company founded in March 2000 that builds and licenses PACS (Picture Archiving and Communication System) solutions under the PACSPLUS brand, primarily serving hospitals, national medical centers, clinics, and nuclear medicine institutions. Its product portfolio spans an enterprise PACS platform with department-specific viewers (MammoView for mammography, Cardiac for cardiology, Focus for ophthalmology, Screen for screening), DICOM gateway software (PPdicom series, PPVideo 500) for converting non-DICOM images from endoscopy, ultrasound, and other modalities into the DICOM standard, AI-augmented modules (SubtleMR for MRI acceleration, SoyNet AI inference engine), a voxel-based nuclear medicine dosimetry product (QDOSE+), an MRI training simulator (CORSMED), and a cloud-based teleradiology system (msGPTr). The platform is DICOM-compliant, FDA-cleared, CE-certified, and operates under ISO 9001 and ISO 13485 quality systems.

The company generates revenue primarily through subscription-based software licensing (PACS solutions, QDOSE+, CORSMED Lite and Full plans) and professional services including installation, training, and remote technical support by PACS specialist engineers. Distribution is direct enterprise sales in Korea via five regional offices (Seoul headquarters, Chungcheong, Daegu, Busan, Gwangju), supplemented by wholly-owned subsidiaries in the US (2005) and Japan (2006) and global channel partners including Telix, Versant Physics, Eczacibasi Monrol, and KEV Imaging. Strategic AI partnerships with Lunit, Neurophet, Subtle Medical, and SoyNet position Medical Standard as a consolidator of third-party AI capabilities on top of its installed PACS base.

The company has executed more than 5,000 PACS installations across 30+ countries, completed PACS reconstruction for all 20 Korean national medical centers in November 2018, and was designated a World-Class Product by Korea's Ministry of Trade, Industry and Energy in 2018. CEO Lee Seung-mook received the Prime Minister's Commendation in May 2022. The company registered on the K-OTC market in June 2024 under stock code 482390. Despite the global footprint and 20+ year operating history, Medical Standard operates with a notably lean headcount of approximately 15 employees, indicating a partnership-heavy distribution model.

Name

MEDICAL STANDARD Co., Ltd.

Legal name

주식회사 메디칼스탠다드 (Medical Standard Co., Ltd.)

Website

https://medicalstandard.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

MEDICAL STANDARD Co., Ltd. develops and licenses the PACSPLUS PACS platform, DICOM gateway software, and AI-augmented imaging modules (SubtleMR, QDOSE+, CORSMED) for hospitals, national medical centers, and clinics, with 5,000+ installations across 30+ countries and revenue from subscriptions and professional services.

Ownership category

akta.pro rank

Product category

Medical Imaging Software (PACS)

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Picture Archiving & Communication Systems (PACS) (HLACALAA)

akta.pro secondary industries

Teleradiology Platforms & Reading Workflow (HLACALAK), AI Orchestration & Imaging Analytics Platforms (Model Management/Triage) (HLACALAG), Imaging Interoperability & Standards Enablement (DICOM/HL7/FHIR/IHE) (HLACALAJ)

Keywords

• Medical imaging software
• PACS solutions
• DICOM medical viewers
• Nuclear medicine dosimetry
• MRI simulation training

Headquarters

HQ city

Seoul (Songpa-gu, Songpa District)

HQ country

South Korea

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. PACS Software and Solutions: Enterprise PACS systems including installation, education, and maintenance. Includes various specialized viewers (Workstation, MammoView, MammoQC, Clinic, Web, Cardiac, Focus, Screen) and Gateway solutions (PPdicom series, PPVideo)
2. AI Software Licensing: AI-powered medical software including SubtleMR for MRI acceleration and SoyNet AI engine acceleration solution
3. QDOSE+ Nuclear Medicine Software: Voxel-based dose measurement software for nuclear medicine with regional distribution partners
4. CORSMED MRI Simulator: MRI training simulation software with subscription service plans (Lite and Full tiers)
5. Technical Support Services: PACS specialist engineers providing remote support and on-site hardware support services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

MEDICAL STANDARD Co., Ltd. develops and sells PACSPLUS, a DICOM-compliant Picture Archiving and Communication System enterprise software platform for hospitals and medical imaging centers. Its portfolio includes specialized PACSPLUS viewers for radiology, mammography, cardiac, ophthalmology, and screening; PACSPLUS Gateway products (PPdicom 100/100C/200/300 and PPVideo 500) for converting non-DICOM images to DICOM; QDOSE+ nuclear medicine voxel-based dosimetry software; CORSMED MRI training simulator; Subtle MR AI-powered MRI acceleration solution; SoyNet AI inference engine; and msGPTr cloud tele-radiology platform. The company also provides installation, education, and technical support services.

Product overview

MEDICAL STANDARD Co., Ltd. offers an integrated digital health platform built around PACSPLUS, a comprehensive Picture Archiving and Communication System. The product portfolio comprises core PACS solutions (PACSPLUS Viewer/Server with specialized viewers for mammography, cardiac, ophthalmology, and screening), DICOM gateway products for converting non-standard images to DICOM format, AI-enhanced MRI acceleration through Subtle MR, nuclear medicine dose calculation via QDOSE+, MRI training simulation through CORSMED, cloud-based tele-radiology with msGPTr, and AI engine optimization with SoyNet. The modular architecture allows healthcare facilities to deploy enterprise-level PACS with specialized add-ons tailored to specific imaging departments.

Differentiator

Problem solved

Functional benefit

Brands

• PACSPLUS: Enterprise PACS (Picture Archiving and Communication System) product line including Viewer, MammoView, MammoQC, Clinic, Web, Cardiac, Focus, and Screen modules.
• PPdicom
• PPVideo 500
• QDOSE+
• CORSMED
• Subtle MR
• SoyNet
• ms-GPTr
• PACSPLUS Gateway
• PACS Clinic
• PACS Web
• PACS Cardiac
• PACSPLUS Focus
• PACSPLUS Screen

Quantifiable outcome

• MammoView reduces mammography reading time by 50% or more
• +4 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature16 records

Partnerships

13 partnerships are on record, tiered core and flagship.

• Air Medical (에어스메디컬)coreTechnology or Integration · 1 September 2021Partnership for AI-based MRI scan acceleration solution supply activation. Medical Standard partnered with Air Medical to distribute and implement AI-powered MRI acceleration solutions in the Korean market.
• SOYNETcoreTechnology or Integration · 1 September 2021Partnership for AI engine acceleration solution supply activation. SOYNET provides AI inference engine technology that runs AI models approximately 3x faster than TensorFlow, integrated with Medical Standard's solutions.
• Lunit (루닛)coreTechnology or Integration · 1 December 2020Partnership with CXR/MMG diagnostic AI specialist company Lunit for chest X-ray and mammography diagnostic AI solutions. Lunit provides AI-powered diagnostic assistance technology.
• Neurophet (뉴로핏)coreTechnology or Integration · 1 November 2020Partnership with brain MR dementia diagnostic AI specialist company Neurophet. Neurophet provides AI technology for brain MRI dementia diagnosis assistance.
• Versant Physics Ltd.coreChannel Partner/ Reseller/ DistributorRegional distribution partner for QDOSE+ nuclear medicine dose calculation software in US and Canada market.
• Eczacibasi Monrol Nuclear Products Co.coreChannel Partner/ Reseller/ DistributorRegional distribution partner for QDOSE+ in Turkey market, distributing nuclear medicine dose calculation solutions.
• KEV Imaging Ltd.coreChannel Partner/ Reseller/ DistributorRegional distribution partner for QDOSE+ in Greece/EU market.
• TelixflagshipChannel Partner/ Reseller/ DistributorGlobal distribution partner for QDOSE+ nuclear medicine dose calculation software and Subtle Medical AI solutions. Telix distributes worldwide for both products.
• Subtle MedicalflagshipTechnology or IntegrationPartnership to distribute Subtle MR AI-powered MRI acceleration solution. SubtleMR uses denoising and sharpness enhancement to enable up to 60% faster MRI scans. Deployed at 600+ hospitals globally.
• Siemens HealthineerscoreTechnology or IntegrationTechnology partnership for Subtle Medical AI integration. Siemens scanners supported (including Skyra 3T shown in demonstrations). Vendor agnostic compatibility with GE, Siemens, Philips, Toshiba, Hitachi scanners.
• BayercoreStrategic or Co-development PartnerHealthcare partnership for contrast media and AI imaging solutions collaboration.
• BraccocoreStrategic or Co-development PartnerHealthcare partnership for contrast agent and medical imaging AI solutions collaboration.
• Stanford UniversitycoreStrategic or Co-development PartnerAcademic research partnership for Subtle Medical AI technology development and validation.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• INFINITT Healthcare: Korean-headquartered PACS/RIS vendor with global hospital deployments. Direct competitor to PACSPLUS in Korean public medical centers and a comparable specialty-viewer story.
• Visage Imaging: Specialized diagnostic imaging viewer / PACS vendor focused on enterprise and specialty imaging workflows. Closely comparable in scope to PACSPLUS for performance-oriented radiology reading.
• Sectra: Specialized imaging IT vendor (PACS, VNA, orthopaedic/ophthalmology modules) known for high-performance departmental viewers — closely analogous to Medical Standard's specialty-viewer strategy.

Broad incumbents

• GE HealthCare (Centricity / Edison): Large incumbent across imaging equipment and PACS/AI orchestration (Edison platform). Sets the bar on integrated hardware-plus-software imaging workflows that Medical Standard partners around via SubtleMR.
• Fujifilm (Synapse): Global enterprise imaging IT vendor (Synapse PACS/RIS) with deep radiology footprint. Competes with Medical Standard for multi-site hospital PACS contracts worldwide.
• Siemens Healthineers (syngo / teamplay): Global imaging vendor whose scanner-installed base (including Skyra 3T used in SubtleMR demos) and PACS portfolio overlap directly with Medical Standard's PACS and AI acceleration offerings.
• Philips (IntelliSpace PACS): Major enterprise imaging informatics vendor with global hospital PACS and AI orchestration capabilities. Competes head-to-head with PACSPLUS for large hospital deals.
• Agfa HealthCare / Dedalus: Enterprise imaging IT vendor with PACS, RIS and VNA offerings across European and emerging markets, competing for the same multi-site hospital contracts Medical Standard pursues globally.

Emerging players

• Subtle Medical: Developer of SubtleMR (AI MRI acceleration) — Medical Standard's flagship AI distribution partner. Comparable AI-imaging focus and overlapping customer base, but a partner rather than direct competitor today.
• Lunit: Korean diagnostic AI specialist (chest X-ray, mammography) partnering with Medical Standard. Adjacent AI-imaging category with overlapping hospital customers and similar award profile.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/medical-standard-co-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MEDICAL STANDARD Co., Ltd.