South Korea Patient Monitoring Industry Industry Overview and Projections

South Korea Patient Monitoring Industry by Type of Device (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Multi-parameter Monitors, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Other Types of Devices), by Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, Other Applications), by End Users (Home Healthcare, Hospitals and Clinics, Other End Users), by South Korea Forecast 2025-2033

Jul 25 2025
Base Year: 2024
197 Pages
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South Korea Patient Monitoring Industry Industry Overview and Projections

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Key Insights

The South Korean patient monitoring market, valued at $1.07 billion in 2025, is projected to experience robust growth, driven by a rapidly aging population, increasing prevalence of chronic diseases like cardiovascular ailments and diabetes, and rising healthcare expenditure. The market's compound annual growth rate (CAGR) of 6.87% from 2019 to 2025 indicates a consistent upward trajectory. Key growth drivers include technological advancements in remote patient monitoring (RPM) devices, the increasing adoption of telehealth solutions, and government initiatives promoting advanced healthcare infrastructure. The segment encompassing cardiac monitoring devices is expected to dominate the market, fueled by the high prevalence of heart-related diseases. Hospitals and clinics constitute the largest end-user segment, although the home healthcare sector is exhibiting significant growth potential, driven by the preference for convenient and cost-effective care. Leading players like Medtronic, GE Healthcare, and Philips are heavily invested in this market, competing through product innovation and strategic partnerships. However, high initial costs associated with advanced monitoring devices and potential regulatory hurdles might act as restraints on market expansion.

Despite these challenges, the long-term outlook for the South Korean patient monitoring market remains positive. The forecast period from 2025 to 2033 anticipates sustained growth, propelled by factors such as increased investments in healthcare infrastructure, rising awareness about preventative healthcare, and the burgeoning adoption of advanced diagnostic and monitoring technologies. The market is likely to see further diversification across various application areas, including neurology and respiratory monitoring, reflecting the evolving healthcare needs of the population. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) into patient monitoring systems is expected to enhance diagnostic accuracy and predictive capabilities, contributing to significant market expansion. Competitive intensity is likely to remain high, with existing players and new entrants vying for market share through technological innovation and strategic collaborations.

South Korea Patient Monitoring Industry Research Report - Market Size, Growth & Forecast

South Korea Patient Monitoring Industry: Market Report 2019-2033

This comprehensive report provides an in-depth analysis of the South Korea patient monitoring industry, offering valuable insights for stakeholders, investors, and industry professionals. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report delivers a detailed understanding of market trends, competitive dynamics, and future growth potential. The report incorporates meticulous data analysis, covering market size, segmentation, key players, and technological advancements, projecting a market value of xx Million by 2033.

South Korea Patient Monitoring Industry Market Structure & Competitive Dynamics

The South Korean patient monitoring market exhibits a moderately concentrated structure, with key players such as Edwards Lifesciences Corporation, Dexcom Inc, Abbott Laboratories, Koninklijke Philips N V, and Medtronic Plc holding significant market share. The market is characterized by a dynamic innovation ecosystem, fueled by government initiatives promoting technological advancements in healthcare. The regulatory framework, primarily overseen by the South Korean Ministry of Food and Drug Safety (MFDS), plays a crucial role in shaping market access and product approvals. The market witnesses ongoing M&A activities, with deal values reaching xx Million in recent years. This activity reflects the consolidation trend and the pursuit of technological synergies within the industry. Substitutes, such as traditional methods of patient monitoring, face increasing competition from advanced technologies. End-user trends increasingly favor remote patient monitoring solutions, driven by aging demographics and rising healthcare costs.

  • Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share (2024).
  • Innovation Ecosystems: Strong, supported by government funding and academic research collaborations.
  • Regulatory Frameworks: Primarily governed by the MFDS, influencing product approvals and market access.
  • M&A Activities: Significant activity observed in recent years, with deal values totaling xx Million (2019-2024).
  • End-User Trends: Growing preference for remote patient monitoring and home healthcare solutions.

South Korea Patient Monitoring Industry Industry Trends & Insights

The South Korean patient monitoring market is experiencing robust growth, driven by factors such as rising prevalence of chronic diseases, increasing geriatric population, rising healthcare expenditure, and government initiatives promoting technological adoption in healthcare. The market is witnessing a significant shift towards technologically advanced solutions, including remote patient monitoring (RPM) devices and AI-powered diagnostic tools. Consumer preferences increasingly favor user-friendly, portable, and interconnected devices. The market is highly competitive, with established players and emerging startups vying for market share through innovation and strategic partnerships. The Compound Annual Growth Rate (CAGR) is projected to be xx% during the forecast period (2025-2033), with significant market penetration anticipated in remote patient monitoring and multi-parameter monitoring segments.

South Korea Patient Monitoring Industry Growth

Dominant Markets & Segments in South Korea Patient Monitoring Industry

The South Korean patient monitoring market is largely dominated by the Hospitals and Clinics segment within the end-user category, accounting for the largest market share. This is driven by the significant number of hospitals and clinics across the country and the increased adoption of advanced monitoring technologies in these settings. The Cardiology segment under the application category holds a dominant position due to the high prevalence of cardiovascular diseases in South Korea. Within device types, Multi-parameter Monitors represent a significant segment owing to their versatility and comprehensive monitoring capabilities.

  • Key Drivers for Hospitals and Clinics Segment: High concentration of healthcare facilities, government investments in healthcare infrastructure, and rising adoption of advanced technologies.
  • Key Drivers for Cardiology Segment: High prevalence of cardiovascular diseases, increasing awareness about heart health, and advancements in cardiac monitoring technologies.
  • Key Drivers for Multi-parameter Monitors Segment: Versatility, comprehensive data collection, and cost-effectiveness compared to individual monitoring devices.

South Korea Patient Monitoring Industry Product Innovations

Recent innovations in the South Korean patient monitoring market are largely focused on enhancing connectivity, portability, and integration with AI-powered diagnostics. The development of wearable sensors, electronic tattoo-like bioelectrodes, and smartphone-integrated monitoring systems reflect this trend. These advancements enhance patient convenience, improve data accessibility for healthcare providers, and enable timely intervention in critical situations. The market is witnessing a convergence of various technologies, resulting in more sophisticated and integrated patient monitoring solutions that cater to various healthcare needs. This includes a push towards seamless data integration with electronic health records (EHR) systems.

Report Segmentation & Scope

This report segments the South Korean patient monitoring market across various parameters:

By Application: Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, Other Applications. Each segment's growth is influenced by specific disease prevalence and technological advancements. The Cardiology segment is projected to experience significant growth, driven by rising cardiovascular disease incidence.

By End Users: Home Healthcare, Hospitals and Clinics, Other End Users. The Hospitals and Clinics segment currently dominates, but the Home Healthcare segment is experiencing rapid growth, driven by technological advancements and increasing demand for convenient and cost-effective care.

By Type of Device: Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Multi-parameter Monitors, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Other Types of Devices. The Multi-parameter Monitors segment is expected to demonstrate high growth due to its comprehensive monitoring capabilities. Remote Patient Monitoring devices are also experiencing rapid growth due to increased demand for convenient and cost-effective monitoring solutions.

Key Drivers of South Korea Patient Monitoring Industry Growth

The growth of the South Korean patient monitoring market is propelled by several key factors: the burgeoning geriatric population, increasing prevalence of chronic diseases like cardiovascular ailments and diabetes, rising healthcare expenditure, and supportive government policies promoting digital healthcare and technological innovation. Advancements in remote patient monitoring technologies enable more effective and convenient patient care, driving further market expansion. The increasing adoption of wearable sensors and AI-powered diagnostic tools is also accelerating growth.

Challenges in the South Korea Patient Monitoring Industry Sector

Despite significant growth potential, challenges remain in the South Korean patient monitoring sector. High initial investment costs for advanced technologies can hinder widespread adoption, particularly in smaller clinics. Strict regulatory approvals for new medical devices can create delays in market entry. Ensuring data security and privacy in interconnected devices is a critical concern. Furthermore, competition from established international players can pose a significant challenge to local companies. These challenges need strategic navigation for the sector to fully realize its potential.

Leading Players in the South Korea Patient Monitoring Industry Market

  • Edwards Lifesciences Corporation
  • Dexcom Inc
  • Abbott Laboratories
  • Koninklijke Philips N V
  • General Electric Company (GE Healthcare)
  • OMRON Corporation
  • Medtronic Plc
  • Dragerwerk AG & Co KGaA
  • Nihon Kohden Corporation
  • SCHILLER

Key Developments in South Korea Patient Monitoring Industry Sector

  • August 2022: The South Korean Ministry of Food and Drug Safety (MFDS) granted clearance to VUNO for its Hativ Pro ECG device, a portable device with a connected mobile app. This signifies the growing acceptance of AI-powered diagnostic tools in the market.
  • August 2022: Researchers at KAIST developed an electronic tattoo ink acting as a bioelectrode, capable of monitoring heart rate and other vital signs. This innovation holds immense potential for continuous and non-invasive patient monitoring.

Strategic South Korea Patient Monitoring Industry Market Outlook

The South Korean patient monitoring market presents substantial growth opportunities for companies willing to innovate and adapt to evolving technological trends. The rising prevalence of chronic diseases, coupled with an aging population and increased healthcare spending, creates a favorable environment for market expansion. Strategic partnerships, investments in research and development, and a focus on user-friendly and cost-effective solutions will be critical for success in this dynamic market. The integration of artificial intelligence and machine learning will continue to shape the future of patient monitoring in South Korea, enabling more accurate diagnostics and proactive interventions.

South Korea Patient Monitoring Industry Segmentation

  • 1. Type of Device
    • 1.1. Hemodynamic Monitoring Devices
    • 1.2. Neuromonitoring Devices
    • 1.3. Cardiac Monitoring Devices
    • 1.4. Multi-parameter Monitors
    • 1.5. Respiratory Monitoring Devices
    • 1.6. Remote Patient Monitoring Devices
    • 1.7. Other Types of Devices
  • 2. Application
    • 2.1. Cardiology
    • 2.2. Neurology
    • 2.3. Respiratory
    • 2.4. Fetal and Neonatal
    • 2.5. Weight Management and Fitness Monitoring
    • 2.6. Other Applications
  • 3. End Users
    • 3.1. Home Healthcare
    • 3.2. Hospitals and Clinics
    • 3.3. Other End Users

South Korea Patient Monitoring Industry Segmentation By Geography

  • 1. South Korea
South Korea Patient Monitoring Industry Regional Share

South Korea Patient Monitoring Industry REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 6.87% from 2019-2033
Segmentation
    • By Type of Device
      • Hemodynamic Monitoring Devices
      • Neuromonitoring Devices
      • Cardiac Monitoring Devices
      • Multi-parameter Monitors
      • Respiratory Monitoring Devices
      • Remote Patient Monitoring Devices
      • Other Types of Devices
    • By Application
      • Cardiology
      • Neurology
      • Respiratory
      • Fetal and Neonatal
      • Weight Management and Fitness Monitoring
      • Other Applications
    • By End Users
      • Home Healthcare
      • Hospitals and Clinics
      • Other End Users
  • By Geography
    • South Korea

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Burden of Chronic Diseases due to Lifestyle Changes; Growing Preference for Home and Remote Monitoring
      • 3.3. Market Restrains
        • 3.3.1. High Cost of Technology
      • 3.4. Market Trends
        • 3.4.1. Remote Patient Monitoring Devices Segment Expects to Register a High CAGR in the South Korea Patient Monitoring Market Over the Forecast Period
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. South Korea Patient Monitoring Industry Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Type of Device
      • 5.1.1. Hemodynamic Monitoring Devices
      • 5.1.2. Neuromonitoring Devices
      • 5.1.3. Cardiac Monitoring Devices
      • 5.1.4. Multi-parameter Monitors
      • 5.1.5. Respiratory Monitoring Devices
      • 5.1.6. Remote Patient Monitoring Devices
      • 5.1.7. Other Types of Devices
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Cardiology
      • 5.2.2. Neurology
      • 5.2.3. Respiratory
      • 5.2.4. Fetal and Neonatal
      • 5.2.5. Weight Management and Fitness Monitoring
      • 5.2.6. Other Applications
    • 5.3. Market Analysis, Insights and Forecast - by End Users
      • 5.3.1. Home Healthcare
      • 5.3.2. Hospitals and Clinics
      • 5.3.3. Other End Users
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. South Korea
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Edwards Lifesciences Corporation
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Dexcom Inc
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Abbott Laboratories
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Koninklijke Philips N V
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 General Electric Company (GE Healthcare)
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 OMRON Corporation
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Medtronic Plc
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Dragerwerk AG & Co KGaA
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Nihon Kohden Corporation
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 SCHILLER*List Not Exhaustive
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: South Korea Patient Monitoring Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: South Korea Patient Monitoring Industry Share (%) by Company 2024

List of Tables

  1. Table 1: South Korea Patient Monitoring Industry Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: South Korea Patient Monitoring Industry Revenue Million Forecast, by Type of Device 2019 & 2032
  3. Table 3: South Korea Patient Monitoring Industry Revenue Million Forecast, by Application 2019 & 2032
  4. Table 4: South Korea Patient Monitoring Industry Revenue Million Forecast, by End Users 2019 & 2032
  5. Table 5: South Korea Patient Monitoring Industry Revenue Million Forecast, by Region 2019 & 2032
  6. Table 6: South Korea Patient Monitoring Industry Revenue Million Forecast, by Country 2019 & 2032
  7. Table 7: South Korea Patient Monitoring Industry Revenue Million Forecast, by Type of Device 2019 & 2032
  8. Table 8: South Korea Patient Monitoring Industry Revenue Million Forecast, by Application 2019 & 2032
  9. Table 9: South Korea Patient Monitoring Industry Revenue Million Forecast, by End Users 2019 & 2032
  10. Table 10: South Korea Patient Monitoring Industry Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the South Korea Patient Monitoring Industry?

The projected CAGR is approximately 6.87%.

2. Which companies are prominent players in the South Korea Patient Monitoring Industry?

Key companies in the market include Edwards Lifesciences Corporation, Dexcom Inc, Abbott Laboratories, Koninklijke Philips N V, General Electric Company (GE Healthcare), OMRON Corporation, Medtronic Plc, Dragerwerk AG & Co KGaA, Nihon Kohden Corporation, SCHILLER*List Not Exhaustive.

3. What are the main segments of the South Korea Patient Monitoring Industry?

The market segments include Type of Device, Application, End Users.

4. Can you provide details about the market size?

The market size is estimated to be USD 1.07 Million as of 2022.

5. What are some drivers contributing to market growth?

Rising Burden of Chronic Diseases due to Lifestyle Changes; Growing Preference for Home and Remote Monitoring.

6. What are the notable trends driving market growth?

Remote Patient Monitoring Devices Segment Expects to Register a High CAGR in the South Korea Patient Monitoring Market Over the Forecast Period.

7. Are there any restraints impacting market growth?

High Cost of Technology.

8. Can you provide examples of recent developments in the market?

In August 2022, the South Korean Ministry of Food and Drug Safety granted clearance to VUNO, a medical artificial intelligence company, for its ECG device, Hativ Pro, a portable medical device that measures a user's heart rate and sends this data through a connected mobile phone app.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "South Korea Patient Monitoring Industry," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the South Korea Patient Monitoring Industry report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the South Korea Patient Monitoring Industry?

To stay informed about further developments, trends, and reports in the South Korea Patient Monitoring Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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The global macular degeneration treatment market is booming, projected to reach [estimated 2033 market size based on CAGR] by 2033, driven by an aging population and innovative therapies. Explore market trends, key players (Regeneron, Novartis, Roche), and regional growth insights in this comprehensive analysis.

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Discover the booming permanent artificial skin market projected to reach [Value] million by 2033, driven by advancements in biomaterials and rising chronic wound prevalence. Explore market trends, segmentation, key players (MiMedX, Bioventus, Medtronic, etc.), and regional insights in this comprehensive analysis.

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