South Korea Emergency Medical Device Services Market Size, Share, and COVID-19 Impact Analysis, By Emergency Medical Services End User Outlook (Hospitals Trauma Centers and Ambulatory Surgical Centers) and By Emergency Medical Services Application Outlook (Cardiac Care, Trauma Injuries, and Respiratory Care), and South Korea Emergency Medical Device Services Market Insights, Industry Trend, Forecasts to 2035.
Industry: HealthcareSouth Korea Emergency Medical Device Services Market Insights Forecasts to 2035
- The South Korea Emergency Medical Device Services Market Size Was Estimated at USD 0.92 Billion in 2024
- The Market Size is Expected to Grow at a CAGR of around 6.24% from 2025 to 2035
- The South Korea Emergency Medical Device Services Market Size is Expected to Reach USD 1.79 Billion by 2035
Get more details on this report -
According to a research report published by Spherical Insights & Consulting, the South Korea Emergency Medical Device Services Market Size is anticipated to reach USD 1.79 Billion by 2035, growing at a CAGR of 6.24 % from 2025 to 2035. Numerous significant market drivers are causing significant changes in the South Korean emergency medical device services market. The increasing need for cutting-edge medical devices that enhance patient outcomes in emergencies is one of the main causes.
Market Overview
The products and services used to provide quick medical attention during crises, such as pre-hospital care and stabilization before hospital transport, are included in the emergency medical device services market. Medical supplies, equipment, and services for life support, patient monitoring, wound care, and infection control are all included in this market. Better patient outcomes are made possible by technological developments in emergency medical devices, such as AI-powered systems and sophisticated monitoring, which allow for quicker and more efficient treatment, particularly in life-threatening circumstances. In life-threatening situations, emergency medical services guarantee that patients receive prompt care, which is essential for enhancing recovery and survival prospects. Emergency medical services can now be conveniently and effectively provided at home because of the growing trend of home healthcare and improvements in portable technologies. One of the main factors driving demand for EMS goods and services is the rise in traffic accidents and trauma injuries worldwide. The market is expanding as such of both the growing demand for enhanced emergency services and increased awareness of the significance of timely emergency care. To promote international trade and market access, the government has set up an export promotion committee for medical equipment. With its main office in Noida, this council will assist Indian producers of medical devices, notably those in the emergency room, in expanding their market reach internationally.
Report Coverage
This research report categorizes the market for South Korea emergency medical device services market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea emergency medical device services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea emergency medical device services market sub-segment.
South Korea Emergency Medical Device Services Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 0.92 Billion |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 6.24% |
2035 Value Projection: | USD 1.79 Billion |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Emergency Medical Services End User Outlook (Hospitals Trauma Centers and Ambulatory Surgical Centers) and By Emergency Medical Services Application Outlook (Cardiac Care, Trauma Injuries, and Respiratory Care) |
Companies covered:: | Korea Medsystem, SPM (Smart Patient Management), CureMed, Innoswitch, Neurosoft, MediSolutions, Hanil Hospital, Medical Devices and Technology, Geomastech, Samsung Medison, MediFly, Sungwon Medical, and Others |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth, & Analysis |
Get more details on this report -
Driving Factors
The need for quick and effective emergency medical care is being driven by the growing number of accidents and trauma cases globally, especially those involving traumatic brain injuries. The need for better ambulances and emergency centers due to improved emergency facilities and improved emergency care is driving the demand for emergency medical equipment. The quality and effectiveness of emergency care are improved by innovations in medical equipment and gadgets, such as ventilators and diagnostic tools, which fuel market expansion.
Restraining Factors
Some healthcare providers may find it difficult to afford the upfront and continuing maintenance expenditures of advanced emergency medical equipment, particularly in underdeveloped countries. The efficient deployment of sophisticated emergency medical devices and the growth of the market may be impeded by a lack of skilled workers who can operate and maintain these devices.
Market Segmentation
The South Korea emergency medical device services market share is classified into emergency medical services application and outlook emergency medical services end-user outlook.
- The cardiac care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea emergency medical device services market is segmented by emergency medical services application outlook into cardiac care, trauma injuries, and respiratory care. Among these, the cardiac care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. When it comes to life-threatening diseases like heart attacks, when prompt intervention can drastically lower death rates, cardiac care is an essential area of attention.
- The ambulatory surgical centers segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea emergency medical device services market is segmented by emergency medical services end-user outlook into hospitals trauma centers and ambulatory surgical centers. Among these, the ambulatory surgical centers segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It facilitates rapid access to surgical procedures that need less recuperation time. These centers' importance stems from their ability to handle outpatient crises, which successfully lowers hospital patient overflow while enhancing overall effectiveness.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea emergency medical device services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Korea Medsystem
- SPM (Smart Patient Management)
- CureMed
- Innoswitch
- Neurosoft
- MediSolutions
- Hanil Hospital
- Medical Devices and Technology
- Geomastech
- Samsung Medison
- MediFly
- Sungwon Medical
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea emergency medical device services market based on the below-mentioned segments:
South Korea Emergency Medical Device Services Market, By Emergency Medical Services Application Outlook
- Cardiac Care
- Trauma Injuries
- Respiratory Care
South Korea Emergency Medical Device Services Market, By Emergency Medical Services End User Outlook
- Hospitals Trauma Centers
- Ambulatory Surgical Centers
Need help to buy this report?