South Korea Smart Healthcare Market Size & Outlook
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South Korea smart healthcare market highlights
- The South Korea smart healthcare market generated a revenue of USD 2,187.3 million in 2023 and is expected to reach USD 6,209.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, telemedicine was the largest revenue generating product in 2023.
- RFID Kanban Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Smart healthcare market data book summary
| Market revenue in 2023 | USD 2,187.3 million |
| Market revenue in 2030 | USD 6,209.4 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Telemedicine |
| Fastest growing segment | RFID Kanban Systems |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RFID Kanban Systems, RFID Smart Cabinets, Electronic Health Records (EHR), Telemedicine, MHealth, Smart Pills, Smart Syringes |
| Key market players worldwide | Airstrip Technologies, Allscripts Healthcare, Apple Inc, AT&T, Brooks Automation, Oracle Corp, Cisco Systems Inc, GE HealthCare Technologies Inc Common Stock, Covidien, International Business Machines Corp, McKesson Corp, Olympus Corp, Samsung Electronics Co Ltd, Siemens Healthineers AG ADR, Solstice Medical, TwinBin, LogiTag, Pepperl+Fuchs, InnerSpace, Wurth Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global smart healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart healthcare market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,209.4 million by 2030.
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Smart Healthcare Market Scope
Smart Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Wurth Group | View profile | 10001+ | Künzelsau, Baden-Wurttemberg, Germany, Europe | https://www.wuerth.de/web/de/awkg/kontakt/kontakt.php |
| InnerSpace | View profile | 11-50 | Toronto, Ontario, Canada, North America | http://www.innerspace.io |
| Pepperl+Fuchs | View profile | 5001-10000 | Mannheim, Baden-Wurttemberg, Germany, Europe | http://www.pepperl-fuchs.com |
| TwinBin | View profile | 11-50 | Whalley, Lancashire, United Kingdom, Europe | https://twinbin.com |
| Solstice Medical | View profile | 11-50 | Columbia City, Indiana, United States, North America | http://solsticemedical.com |
| Covidien | View profile | 10001+ | Dublin, Dublin, Ireland, Europe | http://www.covidien.com |
| Brooks Automation | View profile | 1001-5000 | Chelmsford, Massachusetts, United States, North America | http://www.brooks.com |
| LogiTag | View profile | 11-50 | Netanya, HaMerkaz, Israel, Asia | http://www.logi-tag.com/ |
| Airstrip Technologies | View profile | 101-250 | San Antonio, Texas, United States, North America | http://www.airstrip.com/ |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Allscripts Healthcare | View profile | - | - | |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| McKesson Corp | View profile | 51000 | 6555 State Highway 161, Irving, TX, United States, 75039 | https://www.mckesson.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
South Korea smart healthcare 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 smart healthcare market will help companies and investors design strategic landscapes.
Telemedicine was the largest segment with a revenue share of 43.73% in 2024. Horizon Databook has segmented the South Korea smart healthcare market based on rfid kanban systems, rfid smart cabinets, electronic health records (ehr), telemedicine, mhealth, smart pills, smart syringes covering the revenue growth of each sub-segment from 2018 to 2030.
The growing emphasis on preventive healthcare and wellness management in South Korea is expected to fuel the demand for fitness apps. South Korea’s highly developed mobile infrastructure and widespread smartphone adoption are expected to drive the country’s market.
In February 2021, the Korean Ministry of Health and Welfare launched the My HealthWay app. This app enables smartphone users to search, save, and access public health data.
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Our clientele includes a mix of smart healthcare 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 smart healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Korea smart healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea Product Type - Smart Healthcare Market size, 2024 - 2030 (US$M)
South Korea Smart Healthcare Market Outlook Share, 2024 & 2030 (US$M)
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