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Gastroenterology - South Korea

South Korea
  • In South Korea, the Gastroenterology market is expected to witness a significant rise in revenue, reaching approximately US$3.13bn in 2024.
  • This projection indicates a positive growth trajectory for the market.
  • Furthermore, it is anticipated that the market will continue to expand at an annual growth rate (CAGR 2024-2029) of 3.92%, resulting in a market volume of approximately US$3.80bn by 2029.
  • When comparing South Korea's Gastroenterology market to other countries globally, it is noteworthy that United States is predicted to generate the highest revenue, amounting to US$60.48bn in 2024.
  • This demonstrates the dominant position of the United States in terms of revenue generation within the Gastroenterology market.
  • South Korea's gastroenterology market is experiencing a surge in demand for endoscopic procedures due to the country's high prevalence of stomach and colon cancer.

Definition:
Gastroenterology refers to medical treatments and procedures that are provided to patients who require overnight hospitalization for digestive system disorders, e.g., gastrointestinal motility disorders, inflammatory bowel diseases, and liver diseases. Patients are provided with a variety of services during their stay in the hospital. These include endoscopic procedures (e.g., colonoscopies or upper endoscopies), surgical interventions, and changes to their diet and lifestyle that help manage the underlying condition and improve digestive health.

Additional information:
The Gastroenterology market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

In-Scope

  • Diagnostic and therapeutic endoscopic procedures
  • Surgical interventions for digestive system diseases
  • Monitoring and management of patients receiving nutrition support

Out-Of-Scope

  • Treatment of chronic digestive system diseases that do not require hospitalization
  • Routine follow-up care after hospitals discharge
Hospitals

Hospitals

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Statistics report on inflammatory bowel disease (IBD) in the U.S.

Inflammatory bowel disease (IBD) in the U.S.

Study Details
    methodology

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    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

    Modeling approach / Market size:

    Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

    Health

    Access more Market Insights on Health topics with our featured report

    Inflammatory bowel disease (IBD) in the U.S. - BackgroundInflammatory bowel disease (IBD) in the U.S. - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Inflammatory bowel disease in the U.S. - Statistics & Facts

    Inflammatory bowel disease (IBD) refers to disorders that cause chronic inflammation of the digestive tract. The two most common types of IBD are Crohn’s disease and ulcerative colitis. IBD can be difficult to diagnose because symptoms are typical of other illnesses and diseases and can vary from person to person. Symptoms of IBD include diarrhea, stomach pain and cramping, bleeding ulcers, weight loss, and fatigue. A survey of patients with Crohn's disease in North America and Europe found that 56 percent had experienced tiredness/exhaustion/fatigue in the past month, while 53 percent had abdominal pain/cramps. Such symptoms were only slightly less common among patients with ulcerative colitis.
    More data on the topic
    Number of adults aged 18 to 24 years with Crohn's disease or ulcerative colitis in the U.S.
    152,000
    U.S. region with the highest percentage of people with Crohn's disease or ulcerative colitis
    Northeast/South
    Most common symptom among IBD patients in the U.S.
    Fatigue

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