South Korea Connected Health And Wellness Solutions Market Size & Outlook
The connected health and wellness solutions market in South Korea is expected to reach a projected revenue of US$ 5,248.0 million by 2030. A compound annual growth rate of 26.4% is expected of South Korea connected health and wellness solutions market from 2024 to 2030.
- Healthcare IT
- Digital Health
- Connected Health And Wellness Solutions Market Outlook
- Digital Health
Revenue, 2023 (US$M)
$1,018.9
Forecast, 2030 (US$M)
$5,248.0
CAGR, 2024 - 2030
26.4%
Report Coverage
South Korea
South Korea Connected Health And Wellness Solutions Market, 2018-2030 (US$M)
Global Market
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South Korea connected health and wellness solutions market highlights
- The South Korea connected health and wellness solutions market generated a revenue of USD 1,018.9 million in 2023 and is expected to reach USD 5,248.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.4% from 2024 to 2030.
- In terms of segment, software & services was the largest revenue generating product in 2023.
- Wellness products is the most lucrative product segment registering the fastest growth during the forecast period.
Connected health and wellness solutions market data book summary
| Market revenue in 2023 | USD 1,018.9 million |
| Market revenue in 2030 | USD 5,248.0 million |
| Growth rate | 26.4% (CAGR from 2023 to 2030) |
| Largest segment | Software & services |
| Fastest growing segment | Wellness products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal medical devices, Wellness products, Software & services |
| Key market players worldwide | OMRON Corp, Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Draegerwerk AG & Co KGaA, Fitbit, Medtronic PLC, Abbott Laboratories, Boston Scientific Corp, Garmin Ltd, Apple Inc, Masimo Corp, ResMed Inc, Senseonics Holdings Inc, NXGN |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global connected health and wellness solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India connected health and wellness solutions 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 8,085.4 million by 2030.
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Connected Health And Wellness Solutions Market Scope
Connected Health And Wellness Solutions Market segmentation & scope
Connected Health And Wellness Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Draegerwerk AG & Co KGaA | View profile | 16,476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | www.draeger.com |
South Korea Connected Health And Wellness Solutions 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 Connected Health And Wellness Solutions Market Outlook will help companies and investors design strategic landscapes.
Software & Services was the largest segment with a revenue share of 47.21% in 2023.
Horizon Databook has segmented the South Korea connected health and wellness solutions market based on personal medical devices, wellness products, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Connected Health And Wellness Solutions Market Product Outlook (Revenue, USD Million , 2018-2030)
- Personal medical devices
- Wellness products
- Software & services
- South Korea Connected Health And Wellness Solutions Market Function Outlook (Revenue, USD Million , 2018-2030)
- Clinical Monitoring
- Telehealth
- South Korea Connected Health And Wellness Solutions Market Application Outlook (Revenue, USD Million , 2018-2030)
- Diagnosis & Treatment
- Wellness and prevention
- Monitoring
- Others
- South Korea Connected Health And Wellness Solutions Market End User Outlook (Revenue, USD Million , 2018-2030)
- Home Monitoring
- Hospitals & Clinics
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Connected Health And Wellness Solutions Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Connected Health And Wellness Solutions Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Connected Health And Wellness Solutions Market, 2018-2030 (US$M)
South Korea connected health and wellness solutions market statistics, by product, 2018-2030 (US$M)
