South Korea Healthcare IT Market Size, Share, and COVID-19 Impact Analysis, By Component (Software, Hardware, Services), By Delivery Mode (On-premises, Cloud-based), and South Korea Healthcare IT Market Insights, Industry Trend, Forecasts to 2035

South Korea Healthcare IT Market Insights Forecasts to 2035

• The South Korea Healthcare IT Market Size was estimated at USD 6,822.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.21% from 2025 to 2035
• The South Korea Healthcare IT Market Size is Expected to Reach USD 16,248.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Healthcare IT Market is anticipated to reach USD 16,248.3 million by 2035, growing at a CAGR of 8.21% from 2025 to 2035. The primary factors propelling the country's market expansion are the government's implementation of healthcare quality improvement programs and the growing demand for electronic health records (EHR).

Market Overview

The South Korea healthcare IT market encompasses the application and integration of information and communication technologies (ICT) in the healthcare industry to improve patient care, service delivery, and operational efficiency is covered by the South Korean healthcare IT market. This wide-ranging field encompasses a variety of digital tools and systems designed to enhance the effectiveness, safety, and quality of healthcare services. Additionally, Government programs that encourage the use of healthcare IT are essential to maintaining a unified and interconnected healthcare system. In addition, the tech-savvy populace of South Korea helps to successfully deploy patient-centric digital solutions and telemedicine, which is having a positive impact on the regional market. The country's embrace of the smart healthcare era is also reflected in South Korea's healthcare IT trends, which highlight data-driven insights, patient outcomes, and the smooth integration of technology into the healthcare process. Thus, these technologies offer useful information to aid in clinical decision-making, which is anticipated to drive the regional market during the projected time frame.

Report Coverage

This research report categorizes the market for the South Korea healthcare IT market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea healthcare IT 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 sub-segment of the South Korea healthcare IT market.

Driving Factors

A strong healthcare infrastructure, a dedication to improving patient care, and technological innovation all work together to propel South Korea's healthcare IT market. Furthermore, the nation's commitment to improving healthcare accessibility and efficiency is demonstrated by the integration of electronic health records (EHRs), telemedicine platforms, and health monitoring devices. In addition, there is a growing need for digital tools that help with data analytics and administrative process optimization, which enhances healthcare delivery decision-making.

Restraining Factors

Sensitive data is being collected, stored, and shared in large quantities as part of the digitalization of healthcare. It is crucial to make sure that this data is protected from breaches and unwanted access. The quick development of digital healthcare services has increased the risk of data breaches in spite of strong data protection regulations.

Market Segmentation

The South Korea healthcare IT market share is classified into component and delivery Mode.

• The software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea healthcare IT market is segmented by component into software, hardware, and services. Among these, the software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The strong demand for telemedicine platforms, AI-driven diagnostics, and electronic health records (EHRs) is the reason this market is so dominant. Growth in this field is also fueled by South Korea's robust digital infrastructure and government-sponsored healthcare IT programs.

• The cloud-based segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea healthcare IT market is segmented by delivery mode into on-premises and cloud-based. Among these, the cloud-based segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing use of telemedicine platforms, AI-driven diagnostics, and electronic health records (EHRs), all of which profit from cloud infrastructure, has caused this market to dominate. The move to cloud-based healthcare solutions is further accelerated by South Korea's robust digital ecosystem and government-sponsored healthcare IT initiatives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea healthcare IT 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 current news and developments of the companies, which includes 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

• HealthHub
• MediHeroes
• AITRICS
• AIRS Medical
• EvidNet

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 Healthcare IT Market based on the below-mentioned segments:

South Korea Healthcare IT Market, By Component

• Software
• Hardware
• Services

South Korea Healthcare IT Market, By Delivery Mode

• On-premises
• Cloud-based