Other Hospital Services - South Korea
South Korea- In South Korea, the Other Hospital Services market is expected to witness significant growth in the coming years.
- By 2024, the projected revenue for this market is estimated to reach US$19.85bn.
- This indicates a positive growth trend for the industry.
- Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 1.14% from 2024 to 2029.
- As a result, the market volume is projected to reach US$21.01bn by 2029.
- This demonstrates the potential for sustained growth in the South Korean Other Hospital Services market.
- When compared globally, it is worth noting that China is expected to generate the highest revenue in this sector.
- In 2024, China is projected to reach a revenue of US$99.82bn, surpassing other countries in terms of market performance.
- This highlights the significant impact and potential of the Chinese healthcare market in the context of Other Hospital Services market.
- South Korea is witnessing a surge in demand for alternative hospital services, such as traditional medicine and wellness therapies.
- Key regions:
- Germany,
- United States,
- China,
- France,
- Brazil
Definition:
Other Hospital Services refers to healthcare services that are provided outside of a basic hospital setting, e.g., day care, long-term care, and home-based care provided by hospitals. Day care services include planned medical and paramedical services provided to patients who have been formally admitted for diagnosis, treatment, and/or other types of health care but with the objective of discharging the patient on the same day. Long-term care provides ongoing medical and non-medical support to inpatients in long-stay hospital wards, including quadriplegic or end-of-life care or long-term care for patients suffering from mental disabilities and/or substance abuse. Home-based care provides medical services to patients in their homes, allowing them to receive treatment in a comfortable and familiar environment. These types of services aim to provide quality medical care to patients in alternative settings.
Additional information:
The Other Hospital Services market comprise 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
- Hospital day care
- Hospital long term care
- Hospital home-based care
- Other medical goods and collective health services by hospitals
Out-Of-Scope
- Services from long-term care facilities
- Services from ambulatory care providers, such as specialist practices and dental practices
- Services from medical retailers and other providers of medical supplies
