Market Insights Health Hospitals Inpatient Care

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 3.96%, 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$60,480.00m 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.

Key regions: France, China, Japan, United States, Europe

Market

Region

Region comparison

Currency

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.