South Korea Home Healthcare Market Size & Outlook
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South Korea home healthcare market highlights
- The South Korea home healthcare market generated a revenue of USD 7,308.8 million in 2024 and is expected to reach USD 14,007.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.5% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating component in 2024.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2024 | USD 7,308.8 million |
| Market revenue in 2030 | USD 14,007.2 million |
| Growth rate | 11.5% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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 1.8% of the global home healthcare market in 2024.
- 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 8,479.1 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Home Instead | View profile | 501-1000 | Omaha, Nebraska, United States, North America | http://www.homeinstead.com |
| Sunrise Senior Living | View profile | 10001+ | Mclean, Virginia, United States, North America | https://www.sunriseseniorliving.com |
| Sonida Senior Living Inc | View profile | 3955 | 14755 Preston Road, Suite 810, Dallas, TX, United States, 75254 | https://www.sonidaseniorliving.com |
| Extendicare Inc | View profile | 22000 | 3000 Steeles Avenue East, Suite 700, Markham, ON, Canada, L3R 4T9 | https://www.extendicare.com |
| Brookdale Senior Living Inc | View profile | 36000 | 111 Westwood Place, Suite 400, Brentwood, TN, United States, 37027 | https://www.brookdale.com |
| Fresenius Medical Care AG | View profile | 119845 | Else-Kroener-Strasse 1, Bad Homburg, HE, Germany, 61352 | https://www.freseniusmedicalcare.com |
| Amedisys Inc | View profile | 19000 | 3854 American Way, Suite A, Baton Rouge, LA, United States, 70816 | https://www.amedisys.com |
| Vygon | View profile | 1001-5000 | Écouen, Picardie, France, Europe | https://www.vygon.com/ |
| Arkray | View profile | 5001-10000 | Kyoto-shi, Kyoto, Japan, Asia | https://www.arkray.co.jp/japanese/index.html |
| Sunrise Medical | View profile | 1001-5000 | Boulder, Colorado, United States, North America | http://www.sunrisemedical.com |
| Medline Industries | View profile | 10001+ | Mundelein, Illinois, United States, North America | http://www.medline.com/home.jsp |
| Drive Medical | View profile | 1001-5000 | Port Washington, New York, United States, North America | http://www.drivemedical.com/ |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Moog Inc A | View profile | 13500 | 400 Jamison Road, East Aurora, New York, NY, United States, 14052-0018 | https://www.moog.com |
| B. Braun | View profile | 10001+ | Chapeltown, Sheffield, United Kingdom, Europe | https://www.bbraun.co.uk |
| UnitedHealth Group Inc | View profile | 440000 | 9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, United States, 55343 | https://www.unitedhealthgroup.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Cardinal Health Inc | View profile | 48000 | 7000 Cardinal Place, Dublin, OH, United States, 43017 | https://www.cardinalhealth.com |
| Genesis Healthcare Inc Class A | View profile | 44000 | 101 East State Street, Kennett Square, PA, United States, 19348 | http://www.genesishcc.com |
| Teleflex Inc | View profile | 14500 | 550 East Swedesford Road, Suite 400, Wayne, PA, United States, 19087 | https://www.teleflex.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Fresenius SE & Co KGaA | View profile | 193865 | Else-Kroener-Strasse 1, Bad Homburg, HE, Germany, 61352 | https://www.fresenius.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Baxter International Inc | View profile | 60000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | https://www.baxter.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
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 93.43% in 2024. 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.
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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 Component - Home Healthcare Market size, 2024 - 2030 (US$M)
South Korea Home Healthcare Market Outlook Share, 2024 & 2030 (US$M)
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