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$99,820.00m, 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

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.