South Korea Home Healthcare Market Size & Outlook
South Korea home healthcare market, 2018-2030 (US$M)
Related Markets
South Korea home healthcare market highlights
- The South Korea home healthcare market generated a revenue of USD 6,773.8 million in 2023 and is expected to reach USD 12,493.7 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, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 6,773.8 million |
| Market revenue in 2030 | USD 12,493.7 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare 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 7,562.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea home healthcare 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 home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.29% in 2023. Horizon Databook has segmented the South Korea home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of chronic diseases such as cancer, cardiovascular, neurodegenerative diseases, and diabetes among the population is anticipated to increase the demand for Home Healthcare such as patient monitoring systems, thereby driving market expansion.
For instance, a study titled Health economic impact of dementia in South Korea released in October 2021 found that based on clinical diagnosis, the prevalence of dementia among adults aged 65 and older increased to 7.3% from 5.9%, with an estimated 588,000 elderly dementia patients in Korea.
As a result, there may be an increase in demand for portable patient monitoring devices, including those that measure blood pressure and temperature. According to GLOBOCAN, there were approximately 230,317 new cancer cases in South Korea in 2020, including 28,713 new cases of stomach cancer, 28,651 new cases of prostate cancer, and 25,817 new cases of breast cancer.
Reasons to subscribe to South Korea home healthcare market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea home healthcare market databook
-
Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Korea home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea home healthcare market size, by component, 2018-2030 (US$M)
South Korea Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
