Market Insights Health Hospitals Inpatient Care

Other Inpatient Care - South Korea

South Korea

The Other Inpatient Care market in South Korea is expected to witness significant growth in the coming years.
According to projections, the revenue is projected to reach €18.06bn in 2024.
This indicates a positive trend in the market's performance.
Furthermore, it is anticipated that the market will continue to grow steadily with an annual growth rate of 5.83% from 2024 to 2029.
This growth rate is calculated using the Compound Annual Growth Rate (CAGR) metric.
As a result, the market volume is expected to reach €23.97bn by 2029.
In a global context, it is interesting to note that United States is expected to generate the highest revenue in the Other Inpatient Care market.
In 2024, the projected revenue for the United States is estimated to be €320.70bn.
This highlights the dominance of the United States in this particular market.
South Korea's Other Inpatient Care market is witnessing a surge in demand due to the country's aging population and increasing prevalence of chronic diseases.

Key regions: United States, China, India, Japan, Canada

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Región

Comparación de regiones

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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.