An endoscope system has an oxygen saturation calculation unit that calculates the oxygen saturation of an observation target using an LUT. The endoscope system includes: an image acquisition unit that acquires a correction image obtained by imaging the observation target before calculating the oxygen saturation； an image correction amount calculation unit that calculates an image correction amount for an oxygen saturation calculation image using the correction image； an image correction unit that corrects the oxygen saturation calculation image according to the image correction amount； and a storage unit that stores the correction image and an oxygen saturation image, which shows the oxygen saturation calculated by the oxygen saturation calculation unit using the oxygen saturation calculation image after correction, so as to be associated with each other.
