South Korea E-prescribing Market Size & Outlook, 2023-2030
South Korea e-prescribing market, 2018-2030 (US$M)
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South Korea e-prescribing market highlights
- The South Korea e-prescribing market generated a revenue of USD 41.9 million in 2023 and is expected to reach USD 272.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 30.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
E-prescribing market data book summary
| Market revenue in 2023 | USD 41.9 million |
| Market revenue in 2030 | USD 272.2 million |
| Growth rate | 30.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Oracle Corp, Allscripts Healthcare, Epic Systems Corporation, Athenahealth, NXGN, McKesson Corp, UnitedHealth Group Inc, DrFirst, Surescripts, Veradigm Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% of the global e-prescribing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Australia e-prescribing market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 811.6 million by 2030.
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E-Prescribing Market Scope
E-Prescribing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea e-prescribing 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 e-prescribing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 58.71% in 2023. Horizon Databook has segmented the South Korea e-prescribing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is anticipated to grow at a significant rate during the forecast period. This can be attributed to high growth prospects of Korea as a lucrative destination for conducting healthcare services. The increasing preference is believed to be a result of low associated costs and limited complications.
Moreover, in April 2019 South Korea launched blockchain-based smart hospitals in collaboration with the Seoul Medical Center, to revamp its medical services. This is intended to improve precision of patients’ data and reduce processing time at hospitals.
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Target buyers of South Korea e-prescribing market databook
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Our clientele includes a mix of e-prescribing 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 e-prescribing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea e-prescribing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea e-prescribing market size, by product, 2018-2030 (US$M)
South Korea E-Prescribing Market Outlook Share, 2023 & 2030 (US$M)
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