South Korea Patient Monitoring Industry Consumer Trends: Insights and Forecasts 2025-2033

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 13 2025
Base Year: 2024
197 Pages
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South Korea Patient Monitoring Industry Consumer Trends: Insights and Forecasts 2025-2033

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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 rising geriatric population, increasing prevalence of chronic diseases like cardiovascular ailments and diabetes, and a growing preference for home healthcare. Technological advancements, such as the development of wireless and wearable monitoring devices, are further fueling market expansion. The integration of artificial intelligence (AI) and machine learning (ML) in patient monitoring systems is improving diagnostic accuracy and enabling predictive analytics, leading to better patient outcomes and reduced healthcare costs. This trend is particularly strong in segments like cardiac and respiratory monitoring, where continuous remote monitoring is gaining traction. While regulatory hurdles and high initial investment costs for advanced technologies might pose some challenges, the overall market outlook remains positive. The government's initiatives to promote digital healthcare and telehealth are also expected to accelerate market growth in the coming years.

Segmentation within the South Korean patient monitoring market reveals significant opportunities across various applications. Cardiology and neurology are leading segments, followed by respiratory and fetal/neonatal monitoring. The home healthcare end-user segment is showing particularly strong growth, driven by the increasing preference for convenient and cost-effective care options. Major players like Edwards Lifesciences, Dexcom, Abbott, and Philips are actively competing in this market, introducing innovative products and expanding their market share. This competitive landscape is expected to further drive innovation and improve the quality and affordability of patient monitoring solutions available to South Korean patients. The forecast period (2025-2033) anticipates sustained growth, with a Compound Annual Growth Rate (CAGR) exceeding 6.87%, exceeding the initial estimate due to the acceleration caused by technological advancements and government initiatives.

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

South Korea Patient Monitoring Industry: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the South Korea patient monitoring industry, covering market size, segmentation, growth drivers, challenges, and future opportunities. The report leverages data from the historical period (2019-2024), base year (2025), and estimated year (2025) to forecast market trends until 2033. It offers actionable insights for industry stakeholders, including manufacturers, healthcare providers, investors, and regulatory bodies.

South Korea Patient Monitoring Industry Market Concentration & Innovation

The South Korean patient monitoring market exhibits a moderately concentrated landscape, with key players like 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, and SCHILLER holding significant market share. However, the market is witnessing increased participation from smaller, specialized firms, particularly in the areas of remote patient monitoring and AI-driven diagnostics. The combined market share of the top five players is estimated at xx% in 2025.

Innovation in the South Korean patient monitoring market is driven by factors such as the rising prevalence of chronic diseases, increasing demand for remote patient care, technological advancements in sensor technology, and supportive government initiatives to improve healthcare infrastructure. Regulatory frameworks, while stringent to ensure safety and efficacy, also incentivize innovation through fast-track approvals for technologically advanced devices. The market sees limited substitution from traditional methods due to the enhanced accuracy and efficiency of modern patient monitoring devices. Recent M&A activities have focused on expanding product portfolios and geographic reach, with total deal values estimated at approximately $xx Million in the past five years. The growing adoption of telehealth is a major catalyst influencing the market's evolution, pushing towards greater integration of remote monitoring capabilities.

South Korea Patient Monitoring Industry Industry Trends & Insights

The South Korean patient monitoring market is experiencing robust growth, driven by a confluence of factors. The aging population, coupled with increasing prevalence of chronic diseases like cardiovascular conditions and diabetes, fuels demand for reliable and comprehensive patient monitoring solutions. Technological advancements, such as the development of miniaturized sensors, AI-powered diagnostic tools, and improved connectivity, are enabling the transition towards remote patient monitoring (RPM) and personalized healthcare. Consumer preferences are shifting towards convenient, non-invasive, and user-friendly devices that integrate seamlessly with smartphones and other digital health platforms. The market's CAGR is projected at xx% from 2025 to 2033, reaching a market size of $xx Million by 2033. This strong growth reflects a high market penetration rate, particularly within hospitals and clinics, with increasing adoption in home healthcare settings. Competitive dynamics are characterized by both intense rivalry among established players and the emergence of innovative startups, leading to continuous product enhancements and price adjustments.

South Korea Patient Monitoring Industry Growth

Dominant Markets & Segments in South Korea Patient Monitoring Industry

  • By Application: Cardiology dominates the South Korean patient monitoring market, driven by the high prevalence of cardiovascular diseases and advanced medical infrastructure. Neurology and respiratory monitoring segments are also experiencing substantial growth, reflecting the rising incidence of neurological disorders and respiratory illnesses. The fetal and neonatal monitoring segment shows steady growth, fueled by increasing awareness of the importance of early detection and intervention for newborns.

  • By End Users: Hospitals and clinics remain the largest segment, benefiting from the government's investments in upgrading healthcare facilities. However, the home healthcare segment demonstrates the fastest growth rate, propelled by the increasing preference for convenient and cost-effective remote monitoring solutions.

  • By Type of Device: Multi-parameter monitors and cardiac monitoring devices hold the largest market shares due to their versatility and widespread applications in various clinical settings. The remote patient monitoring (RPM) devices segment is witnessing rapid expansion driven by technological advancements and government support for telehealth initiatives. Key drivers for growth across all segments include government policies promoting early disease detection, advanced medical infrastructure development, and a growing awareness of preventive healthcare.

South Korea Patient Monitoring Industry Product Developments

Recent product innovations in the South Korean patient monitoring market highlight a strong trend towards miniaturization, wireless connectivity, and AI integration. Devices are becoming more user-friendly, offering real-time data transmission and personalized insights to improve patient outcomes. The development of wearable sensors and implantable devices, such as the electronic tattoo bioelectrode developed by KAIST, demonstrates a commitment to developing non-invasive and continuous monitoring solutions. This aligns perfectly with the growing demand for convenient and user-friendly monitoring solutions suitable for both in-hospital and home healthcare settings.

Report Scope & Segmentation Analysis

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 projected based on prevalence rates and technological advancements.

  • By End Users: Home Healthcare, Hospitals and Clinics, Other End Users. Market size estimations are influenced by healthcare infrastructure investments and government policies.

  • 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. Growth projections consider technological developments and regulatory approvals.

Competitive dynamics within each segment vary, reflecting the level of innovation and market concentration.

Key Drivers of South Korea Patient Monitoring Industry Growth

The South Korean patient monitoring market's expansion is propelled by several key drivers: an aging population requiring increased healthcare support, the rising prevalence of chronic diseases demanding continuous monitoring, government initiatives to improve healthcare infrastructure and technology adoption, and the increasing acceptance of telehealth and remote patient monitoring solutions. The strong focus on preventive healthcare further encourages the use of monitoring devices for early detection and intervention.

Challenges in the South Korea Patient Monitoring Industry Sector

Challenges facing the industry include high initial investment costs for advanced equipment, the need for skilled professionals to manage complex data, and potential data security and privacy concerns associated with remote monitoring. Regulatory approvals can also present hurdles, while competition from both domestic and international players creates pricing pressures. These factors may impact overall market growth, although the overall market trajectory remains positive.

Emerging Opportunities in South Korea Patient Monitoring Industry

Significant opportunities lie in expanding the use of remote patient monitoring in home settings, integrating AI and machine learning for enhanced diagnostics and predictive analytics, and developing innovative solutions for specific patient populations, such as those with rare diseases. The potential for partnerships between healthcare providers, technology companies, and insurance providers to deliver comprehensive and cost-effective solutions remains largely untapped.

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
  • List Not Exhaustive

Key Developments in South Korea Patient Monitoring Industry Industry

  • August 2022: The South Korean Ministry of Food and Drug Safety granted clearance to VUNO for its Hativ Pro ECG device, boosting the adoption of AI-powered diagnostics.
  • August 2022: KAIST's development of an electronic tattoo bioelectrode showcases innovation in continuous, non-invasive patient monitoring.

These developments signify a shift towards more convenient, accessible, and advanced patient monitoring technologies.

Strategic Outlook for South Korea Patient Monitoring Industry Market

The South Korean patient monitoring market presents a promising outlook, driven by a confluence of factors. The aging population, increasing prevalence of chronic diseases, technological advancements, and supportive government policies all contribute to a robust growth trajectory. Focusing on innovative technologies, data analytics, and seamless integration with telehealth platforms will be key for players to capitalize on emerging opportunities and maintain a competitive edge in this dynamic market. The market is expected to experience sustained growth throughout the forecast period.

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 single-use bioreactor market is booming, projected to reach $3 billion by 2033, driven by surging demand for biologics and advancements in bioprocessing. Explore market size, trends, key players (Danaher, Merck KGaA, Thermo Fisher), and regional insights in this comprehensive analysis.

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No Of Pages: 180
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Navigating Europe Epigenetics Industry Market Trends: Competitor Analysis and Growth 2025-2033

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July 2025
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