Government drives market demand, with government spending representing 60.1% of total demand in 2023. Seoul National University Hospital is the largest company in South Korea, generating 1.4% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 4.1% of total production value in 2023. The total number of companies increases in 2023, to 196,426 units. The costs of the industry increase by 7.6% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 17.1% of turnover in 2023, the eighth highest regionally. With turnover of USD147 billion, South Korea accounts for 9.0% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Hospitals, Medical and Dental Services in South Korea: ISIC 851. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Hospitals, Medical and Dental Services in South Korea: ISIC 851 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of hospitals, medical practice, dental practice, and other health services.
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