South Korea Wearable Medical Devices Market Size & Outlook
South Korea wearable medical devices market, 2018-2030 (US$M)
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South Korea wearable medical devices market highlights
- The South Korea wearable medical devices market generated a revenue of USD 2,117.9 million in 2024 and is expected to reach USD 5,018.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.5% from 2025 to 2030.
- In terms of segment, chronic disease management was the largest revenue generating application in 2024.
- Remote Patient Monitoring (RPM) is the most lucrative application segment registering the fastest growth during the forecast period.
Wearable medical devices market data book summary
| Market revenue in 2024 | USD 2,117.9 million |
| Market revenue in 2030 | USD 5,018.7 million |
| Growth rate | 15.5% (CAGR from 2024 to 2030) |
| Largest segment | Chronic disease management |
| Fastest growing segment | Remote Patient Monitoring (RPM) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chronic Disease Management, Post-operative Care, Remote Patient Monitoring (RPM), Other Applications |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.7% of the global wearable medical devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan wearable medical 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 5,670.6 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea wearable medical 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 wearable medical devices market will help companies and investors design strategic landscapes.
Chronic disease management was the largest segment with a revenue share of 38.18% in 2024. Horizon Databook has segmented the South Korea wearable medical devices market based on chronic disease management, post-operative care, remote patient monitoring (rpm), other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare expenditure and rising incidence of chronic diseases & obesity are among the major factors driving market growth in South Korea. Moreover, according to a report published by the Healthdata Organization in 2017, diabetes, ischemic heart disease, and cancer, among others, are some of the high prevalent diseases in the country. Therefore, the aforementioned factors are expected to boost the demand for wearable medical devices in South Korea during the forecast period.
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Target buyers of South Korea wearable medical devices market databook
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Our clientele includes a mix of wearable medical devices 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 wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea wearable medical devices market size, by application, 2018-2030 (US$M)
South Korea Wearable Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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