South Korea Digital Health Market Size & Outlook
South Korea digital health market, 2018-2030 (US$M)
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South Korea digital health market highlights
- The South Korea digital health market generated a revenue of USD 2,745.9 million in 2023 and is expected to reach USD 11,466.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 22.7% from 2024 to 2030.
- In terms of segment, tele-healthcare was the largest revenue generating technology in 2023.
- Tele-Healthcare is the most lucrative technology segment registering the fastest growth during the forecast period.
Digital health market data book summary
| Market revenue in 2023 | USD 2,745.9 million |
| Market revenue in 2030 | USD 11,466.5 million |
| Growth rate | 22.7% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tele-Healthcare, MHealth, Healthcare Analytics, Digital Health Systems |
| Key market players worldwide | Epic Systems Corporation, Telefonica SA, AT&T, Airstrip Technologies, Quantum-Si Inc Ordinary Shares - Class A, Alphabet Inc Class C, Orange SA, SoftServe, Hims & Hers Health Inc Ordinary Shares - Class A, Computer Programs and Systems Inc. (CPSI), Vocera Communications, International Business Machines Corp, Cisco Systems Inc, Apple Inc, Oracle Corp, Veradigm Inc, McKesson Corp, Vodafone Group PLC, Qualcomm Inc, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global digital health 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 market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 52,872.0 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea digital health 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 market will help companies and investors design strategic landscapes.
Tele-healthcare was the largest segment with a revenue share of 43.2% in 2024. Horizon Databook has segmented the South Korea digital health market based on tele-healthcare, mhealth, healthcare analytics, digital health systems covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea, despite being one of the most advanced countries in both 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 country’s healthcare industry.
To boost digital adoption in healthcare, the South Korean government started a pilot project in the first half of 2018 with fundamental investments in digitalization of the country’s healthcare system. This initiative is supposed to collect genetic and biometric data of about ten million patients in one database to support research purposes and health initiatives.
Digital Health has been the center of attention for years, and the focus has increased further since the pandemic. There has been a positive shift toward digital health, which was accelerated due to the pandemic.
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Our clientele includes a mix of digital health 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 market , including forecasts for subscribers. This country databook contains high-level insights into South Korea digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea digital health market size, by technology, 2018-2030 (US$M)
South Korea Digital Health Market Outlook Share, 2024 & 2030 (US$M)
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