South Korea Telecare Market Size & Outlook, 2023-2030

The telecare market in South Korea is expected to reach a projected revenue of US$ 89.3 million by 2030. A compound annual growth rate of 8.2% is expected of South Korea telecare market from 2024 to 2030.
Revenue, 2023 (US$M)
$51.4
Forecast, 2030 (US$M)
$89.3
CAGR, 2024 - 2030
8.2%
Report Coverage
South Korea

South Korea telecare market highlights

  • The South Korea telecare market generated a revenue of USD 51.4 million in 2023 and is expected to reach USD 89.3 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
  • In terms of segment, remote medication management was the largest revenue generating type in 2023.
  • Remote Medication Management is the most lucrative type segment registering the fastest growth during the forecast period.


Telecare market data book summary

Market revenue in 2023USD 51.4 million
Market revenue in 2030USD 89.3 million
Growth rate8.2% (CAGR from 2023 to 2030)
Largest segmentRemote medication management
Fastest growing segmentRemote Medication Management
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationActivity Monitoring, Remote Medication Management
Key market players worldwideTeladoc Health Inc, Abbott Laboratories, Johnson & Johnson, AstraZeneca PLC, Roche Holding AG ADR, Novartis AG ADR, Bristol-Myers Squibb Co, GlaxoSmithKline, Merck & Co Inc, Pfizer Inc, Sanofi SA, Samsung Electronics Co Ltd, Qualcomm Inc, Orange SA, Alphabet Inc Class A, Airstrip Technologies, AT&T, Apple Inc, Allscripts Healthcare


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.2% of the global telecare market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China telecare market is projected to lead the regional market in terms of revenue in 2030.
  • Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 31.3 million by 2030.

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Telecare Market Companies

Name Profile # Employees HQ Website

South Korea telecare 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 telecare market will help companies and investors design strategic landscapes.


Remote medication management was the largest segment with a revenue share of 51.75% in 2023. Horizon Databook has segmented the South Korea telecare market based on activity monitoring, remote medication management covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea telecare market databook

  • Our clientele includes a mix of telecare 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea telecare market, including forecasts for subscribers. This country databook contains high-level insights into South Korea telecare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea telecare market size, by type, 2018-2030 (US$M)

South Korea Telecare Market Share, 2023 & 2030 (US$M)

South Korea telecare market size, by type, 2018-2030 (US$M)

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