South Korea Internet Of Medical Things (iomt) Market Size & Outlook
South Korea internet of medical things (iomt) market, 2018-2030 (US$B)
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South Korea internet of medical things (iomt) market highlights
- The South Korea internet of medical things (iomt) market generated a revenue of USD 6.0 billion in 2023 and is expected to reach USD 25.2 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 22.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of medical things (iomt) market data book summary
| Market revenue in 2023 | USD 6.0 billion |
| Market revenue in 2030 | USD 25.2 billion |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.3% of the global internet of medical things (iomt) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China internet of medical things (iomt) 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 30.6 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea internet of medical things (iomt) 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 internet of medical things (iomt) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 45% in 2023. Horizon Databook has segmented the South Korea internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea Internet of Medical Things market is expected to reach The growth is attributed to the rapid development driven by technological advancements and a strong focus on healthcare innovation.
The country’s robust IT infrastructure and high smartphone penetration rates create a conducive environment for IoMT adoption. South Korean companies are leveraging IoT technologies to enhance medical services, improve patient care, and optimize healthcare operations, which in turn is expected to boost the market growth.
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Our clientele includes a mix of internet of medical things (iomt) 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 internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into South Korea internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea internet of medical things iomt market report size, by component, 2018-2030 (US$B)
South Korea Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$B)
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