South Korea Healthcare Payer Services Market Size & Outlook
South Korea healthcare payer services market, 2018-2030 (US$M)
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South Korea healthcare payer services market highlights
- The South Korea healthcare payer services market generated a revenue of USD 441.5 million in 2023 and is expected to reach USD 812.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, ito services was the largest revenue generating services in 2023.
- KPO Services is the most lucrative services segment registering the fastest growth during the forecast period.
Healthcare payer services market data book summary
| Market revenue in 2023 | USD 441.5 million |
| Market revenue in 2030 | USD 812.2 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Ito services |
| Fastest growing segment | KPO Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BPO Services, ITO Services, KPO Services |
| Key market players worldwide | Cognizant Technology Solutions Corp Class A, ExlService Holdings Inc, Accenture PLC Class A, Xerox Holdings Corp, Concentrix Corp Ordinary Shares, Genpact Ltd, Wipro Ltd ADR, HCL Technologies, Hinduja Global Solutions |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.7% of the global healthcare payer services 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 payer services 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 2,799.9 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea healthcare payer services 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 payer services market will help companies and investors design strategic landscapes.
Ito services was the largest segment with a revenue share of 51.05% in 2023. Horizon Databook has segmented the South Korea healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has a universal healthcare system, extending access to citizens and foreign residents alike through the National Health Insurance (NHI) program. According to an enkorwithus article, inclusive coverage, irrespective of demographics, income, or employment, promotes a healthier society.
The comprehensive healthcare services provided encompass hospitalization, outpatient care, prescription medications, preventive measures, rehabilitation, hospice and palliative care, mental health services, dental care, and traditional Korean medicine.
This integrated and accessible healthcare approach in South Korea presents opportunities for the growth and enhancement of healthcare payer services in the market.
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Our clientele includes a mix of healthcare payer services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea healthcare payer services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea healthcare payer services market size, by services, 2018-2030 (US$M)
South Korea Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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