South Korea Remote Patient Monitoring Devices Market Size & Outlook
South Korea remote patient monitoring devices market, 2018-2030 (US$M)
Related Markets
South Korea remote patient monitoring devices market highlights
- The South Korea remote patient monitoring devices market generated a revenue of USD 319.6 million in 2023 and is expected to reach USD 1,189.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 20.6% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Remote patient monitoring devices market data book summary
| Market revenue in 2023 | USD 319.6 million |
| Market revenue in 2030 | USD 1,189.0 million |
| Growth rate | 20.6% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, South Korea accounted for 6.2% of the global remote patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea remote patient monitoring devices 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 452.7 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
Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea remote patient monitoring devices 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.54% in 2023. Horizon Databook has segmented the South Korea remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea ranked second in terms of ICT development in 2017 and is a technologically advanced country. Thus, the presence of developed healthcare IT infrastructure, financial and government support, along with an educated workforce, is anticipated to increase the local market potential.
Furthermore, in 2018, the South Korean government initiated a pilot project related to the digitalization of the national health system, which comprised the consolidation of hospital data into a single patient repository.
Such initiatives are anticipated to boost the market further. However, strict regulations are anticipated to limit the mass penetration of digital technologies. According to the World Bank Group, the country’s population aged 65 and above accounted for nearly 15.1% of the total population in 2019.
Reasons to subscribe to South Korea remote patient monitoring devices 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 remote patient monitoring devices market databook
-
Our clientele includes a mix of remote patient monitoring devices 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 remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea remote patient monitoring devices market size, by product, 2018-2030 (US$M)
South Korea Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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
