South Korea Long-term Care Market Size & Outlook
The long-term care market in South Korea is expected to reach a projected revenue of US$ 30,501.1 million by 2030. A compound annual growth rate of 7.8% is expected of South Korea long-term care market from 2024 to 2030.
Revenue, 2023 (US$M)
$17,976.1
Forecast, 2030 (US$M)
$30,501.1
CAGR, 2024 - 2030
7.8%
Report Coverage
South Korea
South Korea long-term care market, 2018-2030 (US$M)
Related Markets
South Korea long-term care market highlights
- The South Korea long-term care market generated a revenue of USD 17,976.1 million in 2023 and is expected to reach USD 30,501.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, home healthcare was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
Long-term care market data book summary
| Market revenue in 2023 | USD 17,976.1 million |
| Market revenue in 2030 | USD 30,501.1 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Home healthcare |
| Fastest growing segment | Hospice |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities |
| Key market players worldwide | Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global long-term care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India long-term care market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,329.5 million by 2030.
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Long-Term Care Market Scope
Long-term care market segmentation & scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea long term care market size, by service, 2018-2030 (US$M)
South Korea Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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