South Korea Medical Billing Outsourcing Market Size & Outlook
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South Korea medical billing outsourcing market highlights
- The South Korea medical billing outsourcing market generated a revenue of USD 149.3 million in 2024 and is expected to reach USD 321.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.8% from 2025 to 2030.
- In terms of segment, outsourced was the largest revenue generating component in 2024.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
Medical billing outsourcing market data book summary
| Market revenue in 2024 | USD 149.3 million |
| Market revenue in 2030 | USD 321.4 million |
| Growth rate | 13.8% (CAGR from 2025 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourced |
| Key market players worldwide | R1 RCM Inc, Veradigm Inc, Oracle Corp, Quest Diagnostics Inc, McKesson Corp, eClinicalWorks, Kareo, AdvancedMD, Promantra |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global medical billing outsourcing market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan medical billing outsourcing 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 1,142.9 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Promantra | View profile | 501-1000 | Somerset, New Jersey, United States, North America | http://www.promantra.us |
| AdvancedMD | View profile | 101-250 | South Jordan, Utah, United States, North America | http://www.advancedmd.com/ |
| Kareo | View profile | 501-1000 | Irvine, California, United States, North America | http://www.kareo.com |
| eClinicalWorks | View profile | 1001-5000 | Westborough, Massachusetts, United States, North America | http://www.eclinicalworks.com |
| R1 RCM Inc | View profile | 30000 | 434 West Ascension Way, 6th Floor, Murray, UT, United States, 84123 | https://www.r1rcm.com |
| McKesson Corp | View profile | 51000 | 6555 State Highway 161, Irving, TX, United States, 75039 | https://www.mckesson.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Veradigm Inc | View profile | 7869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | https://www.veradigm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
South Korea medical billing outsourcing 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 medical billing outsourcing market will help companies and investors design strategic landscapes.
Outsourced was the largest segment with a revenue share of 58.74% in 2024. Horizon Databook has segmented the South Korea medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea medical billing outsourcing market databook
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Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 medical billing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea medical billing outsourcing market size, by component, 2018-2030 (US$M)
South Korea Medical Billing Outsourcing Market Outlook Share, 2024 & 2030 (US$M)
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