South Korea Femtech Market Size & Outlook, 2023-2030
South Korea femtech market, 2018-2030 (US$M)
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South Korea femtech market highlights
- The South Korea femtech market generated a revenue of USD 411.4 million in 2023 and is expected to reach USD 1,214.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, devices was the largest revenue generating type in 2023.
- Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Femtech market data book summary
| Market revenue in 2023 | USD 411.4 million |
| Market revenue in 2030 | USD 1,214.6 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Devices |
| Fastest growing segment | Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Software, Services, Consumer Products |
| Key market players worldwide | Alphabet Inc Class A, Apple Inc, Nokia Oyj, Fitbit, Flo Health, Natural Cycles, Glow, Clue |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.2% of the global femtech market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China femtech 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 3,875.8 million by 2030.
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Femtech Market Scope
Femtech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea femtech 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 femtech market will help companies and investors design strategic landscapes.
Devices was the largest segment with a revenue share of 33.81% in 2023. Horizon Databook has segmented the South Korea femtech market based on devices, software, services, consumer products covering the revenue growth of each sub-segment from 2018 to 2030.
Despite being one of the most advanced countries in both healthcare and digital sectors, South Korea has been slow in becoming a digital healthcare hub in East Asia. Stringent regulations and limited market presence are among factors restricting 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 intends to collect genetic and biometric data of about 10 million patients in one database to support research and health initiatives.
South Korean healthcare industry struggles with multiple challenges, such as rapidly growing geriatric population, rising prevalence of chronic diseases, and negative birth rate, which are directly contributing to increase in the demand for smart health solutions.
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Target buyers of South Korea femtech market databook
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Our clientele includes a mix of femtech 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 femtech market, including forecasts for subscribers. This country databook contains high-level insights into South Korea femtech market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea femtech market size, by type, 2018-2030 (US$M)
South Korea Femtech Market Share, 2023 & 2030 (US$M)
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