Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Market Share by Type

Recent research investigated the application of IoT and machine learning to diagnose COVID-19 patients. The machine learning and IoT-based suggested model may be used as a system for supporting clinical decisions in the coming future. Additionally, it is anticipated that it will help lessen the excessive burden on medical professionals and address the COVID-19-related issue of patient overcrowding. Personal health records (PHRs), a type of mobile health record system, are designed to enable self-monitoring and management by gathering data such as weight, activity level, and blood sugar levels from mobile phones as well as information on treatments and examinations from various medical facilities. 

 

Smart pills, smart syringes, electronic healthcare products, etc. are a few of the most common types of smart healthcare products. The rise in chronic diseases, including diabetes, heart disease, and cancer, among others, is a major factor in the smart healthcare market's expansion. Integrating the two-bin kanban replenishment system with RFID technology improves hospital procedures and minimises waste such as expired items, surplus inventory, and personnel movements. Because of rising smartphone usage and digitalization, mHealth adoption has lately expanded dramatically. The need for smart healthcare systems is projected to increase due to the increasing use of mHealth, government efforts to digitise healthcare, and the growth of chronic diseases among populations.

 

South Korea Smart Healthcare Market Report Snapshots

South Korea Smart Healthcare Market Size

South Korea Smart Healthcare Market Analysis

South Korea Smart Healthcare Market Share

South Korea Smart Healthcare Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 8.1% between 2024 and 2032.

The major drivers of the smart healthcare industry in South Korea are research and innovation in the healthcare sector, high internet facilities, expo and exhibition events, the surge of ICT and AI in the country, the rise in the ageing population, an increase in disposable income, busy lifestyles and a high standard of living.

The key industry trends of the smart healthcare market in South Korea are the emergence of smart hospitals and the government’s support for the digitalization of the healthcare system.

The key players in the South Korea smart healthcare industry are Lemon Healthcare Co., Ltd., Dr. Now Co., Ltd., iCOOP Co., Ltd, Apple Inc., Siemens Healthcare GmbH, and LG Electronics Co., Ltd., among others.

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