South Korea Revenue Cycle Management Market Size & Outlook
South Korea revenue cycle management market, 2018-2030 (US$M)
Related Markets
South Korea revenue cycle management market highlights
- The South Korea revenue cycle management market generated a revenue of USD 3.0 million in 2023 and is expected to reach USD 6.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Integrated is the most lucrative type segment registering the fastest growth during the forecast period.
Revenue cycle management market data book summary
| Market revenue in 2023 | USD 3.0 million |
| Market revenue in 2030 | USD 6.8 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Integrated |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Standalone |
| Key market players worldwide | The SSI Group, Veradigm Inc, Athenahealth, Experian PLC, R1 RCM Inc, Epic Systems Corporation, McKesson Corp, NXGN, CareCloud Inc, Quest Diagnostics Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global revenue cycle management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India revenue cycle management 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 39.4 million by 2030.
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Revenue Cycle Management Market Scope
Revenue Cycle Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea revenue cycle management 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 revenue cycle management market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the South Korea revenue cycle management market based on integrated, standalone covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean healthcare system is burdened with a super aging society coupled with chronic diseases and an increase in healthcare expenditure. As per Statista estimates in June 2020, South Koreans spent approximately USD 3,200 per capita on health in 2018 and the healthcare spending increased by 11.0% in 2019.
The demand for cost reduction and simultaneous technological advancements in healthcare space are driving the market. The South Korean government over the past few years has been focusing on developing and modernizing healthcare with technological advancement and increased funding support.
In May 2017, President Moon Jae-In identified digital healthcare as a key growth sector and emphasized on big data analytics, healthcare IT, and artificial intelligence boosting the aspects of digital healthcare environment and RCM solutions.
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Our clientele includes a mix of revenue cycle management 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 revenue cycle management market , including forecasts for subscribers. This country databook contains high-level insights into South Korea revenue cycle management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea revenue cycle management market size, by type, 2018-2030 (US$M)
South Korea Revenue Cycle Management Market Outlook Share, 2023 & 2030 (US$M)
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