South Korea Healthcare Analytics Market Size & Outlook
South Korea healthcare analytics market, 2018-2030 (US$M)
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South Korea healthcare analytics market highlights
- The South Korea healthcare analytics market generated a revenue of USD 1,272.3 million in 2023 and is expected to reach USD 5,750.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, descriptive analytics was the largest revenue generating type in 2023.
- Predictive Analytics is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare analytics market data book summary
| Market revenue in 2023 | USD 1,272.3 million |
| Market revenue in 2030 | USD 5,750.5 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics |
| Key market players worldwide | McKesson Corp, UnitedHealth Group Inc, International Business Machines Corp, Oracle Corp, SAS, IQVIA Holdings Inc, Verisk Analytics Inc, ELSE Corp, Allscripts Healthcare, Cerner Corporation |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global healthcare analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare analytics market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 414.8 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea healthcare analytics 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 healthcare analytics market will help companies and investors design strategic landscapes.
Descriptive analytics was the largest segment with a revenue share of 44.69% in 2023. Horizon Databook has segmented the South Korea healthcare analytics market based on descriptive analytics, diagnostic analytics, predictive analytics, prescriptive analytics covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea healthcare analytics market is expected to grow moderately over the forecast period owing to advancements in healthcare infrastructure and increasing adoption of latest medical technology. The South Korean healthcare system is burdened with super aging society coupled with chronic diseases and increase in healthcare expenditure.
High demand for reducing healthcare costs, advancements in healthcare infrastructure, and increased adoption of innovative medical technology are driving the market. The South Korean government, over the past few years, has been focusing on developing and modernizing healthcare with technological advancement & increased funding support.
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Target buyers of South Korea healthcare analytics market databook
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Our clientele includes a mix of healthcare analytics 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 healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea healthcare analytics market size, by type, 2018-2030 (US$M)
South Korea Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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