South Korea Digital Health For Cardiovascular Market Size & Outlook
South Korea digital health for cardiovascular market, 2018-2030 (US$M)
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South Korea digital health for cardiovascular market highlights
- The South Korea digital health for cardiovascular market generated a revenue of USD 194.3 million in 2023 and is expected to reach USD 1,009.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Digital health for cardiovascular market data book summary
| Market revenue in 2023 | USD 194.3 million |
| Market revenue in 2030 | USD 1,009.2 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Epic Systems Corporation, Orange SA, GE HealthCare Technologies Inc Common Stock, Apple Inc, Siemens Healthineers AG ADR, Oracle Corp, NXGN, Samsung Electronics Co Ltd, Devon Energy Corp, Alphabet Inc Class A, Hill-Rom, Health Information Management (HIM GmbH), CardiAI inc., HeartFlow, Vista.ai, Viz, RSIP Vision, Cleerly |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.5% of the global digital health for cardiovascular market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China digital health for cardiovascular market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,009.2 million by 2030.
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Digital Health for Cardiovascular Market Scope
Digital Health for Cardiovascular Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea digital health for cardiovascular market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital health for cardiovascular market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 37.78% in 2023. Horizon Databook has segmented the South Korea digital health for cardiovascular market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea, despite being one of the most advanced countries in healthcare and digital sectors, has been slow in becoming a digital healthcare hub in East Asia. Strict regulations and limited market presence are restricting the adoption of innovative technologies in the healthcare industry.
However, high smartphone ownership is expected to accelerate market growth. According to a report by the South Korean Ministry of Science and ICT, smartphone ownership in South Korea was at 96% in 2022.
Furthermore, the South Korean government started a pilot project in the first half of 2018 with fundamental investments in the digitalization of the healthcare system to boost digital adoption in healthcare.
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Target buyers of South Korea digital health for cardiovascular market databook
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Our clientele includes a mix of digital health for cardiovascular market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea digital health for cardiovascular market, including forecasts for subscribers. This country databook contains high-level insights into South Korea digital health for cardiovascular market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea digital health for cardiovascular market size, by component, 2018-2030 (US$M)
South Korea Digital Health for Cardiovascular Market Share, 2023 & 2030 (US$M)
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