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 elderly population, increasing prevalence of chronic diseases like cardiovascular ailments and diabetes, and expanding healthcare infrastructure. The market's Compound Annual Growth Rate (CAGR) of 6.87% from 2025 to 2033 indicates significant future expansion. Key segments driving this growth include cardiac monitoring devices, fueled by the high incidence of heart-related issues; neuromonitoring devices, reflecting advancements in neurological care; and remote patient monitoring (RPM) devices, enabled by technological advancements and the growing preference for home healthcare. Hospitals and clinics constitute a significant end-user segment, although the home healthcare sector is witnessing rapid growth due to increasing demand for convenient and cost-effective care. Leading players like Edwards Lifesciences, Medtronic, and Philips are actively investing in R&D and strategic partnerships to capitalize on this expanding market. The increasing adoption of telehealth and the government's initiatives to improve healthcare access further contribute to the market's positive outlook. While data privacy concerns and high initial investment costs for advanced technologies could pose some challenges, the overall market trajectory remains promising.
The consistent growth trajectory is expected to continue throughout the forecast period (2025-2033), influenced by factors such as technological advancements leading to more sophisticated and portable monitoring devices, growing awareness about preventive healthcare, and the government's focus on improving the quality of healthcare services. The competitive landscape is dynamic, with both established multinational corporations and local players vying for market share. Strategic alliances, mergers and acquisitions, and the introduction of innovative products are expected to shape the competitive dynamics. Future growth hinges on adapting to evolving healthcare needs, integrating cutting-edge technologies like AI and IoT, and addressing regulatory hurdles to ensure the market's sustainable development. Further market segmentation analysis within the given categories (application, end-user, and device type) would provide a more granular understanding of growth potential within specific areas.

South Korea Patient Monitoring Industry: 2019-2033 Market Report
This comprehensive report provides an in-depth analysis of the South Korea patient monitoring industry, offering valuable insights for stakeholders, investors, and industry professionals. Covering the period from 2019 to 2033, with a focus on 2025, this report analyzes market dynamics, key segments, leading players, and emerging trends shaping this rapidly evolving sector. The South Korean patient monitoring market is poised for significant growth, driven by technological advancements, an aging population, and increasing healthcare expenditure. This report helps navigate the complexities of this dynamic market, providing actionable intelligence for strategic decision-making.
South Korea Patient Monitoring Industry Market Concentration & Dynamics
The South Korean patient monitoring market exhibits a moderately concentrated landscape, with several multinational corporations holding significant market share. 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 compete intensely, driving innovation and impacting market dynamics. The market share of these companies is estimated to be around xx Million in 2025, representing approximately xx% of the total market.
- Market Concentration: Moderately concentrated, with top players holding significant market share. The Herfindahl-Hirschman Index (HHI) is estimated at xx.
- Innovation Ecosystem: A vibrant ecosystem exists, fueled by collaborations between established players and emerging medical technology companies. Government initiatives promoting medical technology development further enhance innovation.
- Regulatory Framework: The Ministry of Food and Drug Safety (MFDS) plays a crucial role in regulating medical devices. Stringent regulatory processes ensure product safety and efficacy.
- Substitute Products: While limited, advancements in telehealth and remote monitoring technologies offer some level of substitution.
- End-User Trends: An aging population and increasing prevalence of chronic diseases drive demand for patient monitoring solutions, particularly in home healthcare settings.
- M&A Activities: The number of M&A deals in the South Korean patient monitoring market between 2019 and 2024 is estimated at xx, signaling industry consolidation and expansion.
South Korea Patient Monitoring Industry Industry Insights & Trends
The South Korean patient monitoring market is witnessing robust growth, driven by several key factors. The market size in 2025 is estimated at xx Million USD, and is projected to reach xx Million USD by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033). This growth is fueled by several factors: the increasing prevalence of chronic diseases (diabetes, cardiovascular diseases) among the aging population; rising healthcare expenditure; technological advancements leading to the development of more sophisticated, compact, and user-friendly devices; and growing adoption of telehealth and remote patient monitoring solutions. Technological disruptions, particularly in areas like AI-powered diagnostics and wearable sensors, are transforming the industry. Consumer behavior is shifting towards personalized and preventive healthcare, increasing demand for home-based monitoring systems. Furthermore, the government's support for digital healthcare initiatives is driving the adoption of remote patient monitoring technologies. The historical period (2019-2024) showed a CAGR of xx%, setting the stage for continued strong growth.

Key Markets & Segments Leading South Korea Patient Monitoring Industry
The South Korean patient monitoring market shows strong growth across all segments, but some areas are leading the way.
By Application:
- Cardiology: Remains the dominant application segment, driven by a high prevalence of cardiovascular diseases.
- Neurology: Growing steadily, fueled by increasing incidence of neurological disorders and the adoption of advanced neuromonitoring technologies.
- Respiratory: Significant growth potential, particularly with the increasing prevalence of respiratory illnesses.
- Fetal and Neonatal: A niche but important segment experiencing steady growth due to advancements in neonatal care.
- Weight Management and Fitness Monitoring: Emerging segment showing strong growth due to increasing health consciousness among consumers.
By End Users:
- Hospitals and Clinics: The largest end-user segment, accounting for the bulk of market revenue due to their high usage of advanced monitoring equipment.
- Home Healthcare: The fastest-growing segment, driven by the increasing preference for home-based care and technological advancements enabling remote monitoring.
By Type of Device:
- Cardiac Monitoring Devices: A leading segment due to the high prevalence of cardiovascular diseases.
- Multi-parameter Monitors: Growing in popularity due to their ability to provide comprehensive patient data in a single device.
- Remote Patient Monitoring Devices: Experiencing exponential growth fueled by technological advancements and government support.
Drivers:
- Economic growth and increasing disposable incomes are boosting healthcare expenditure.
- Robust healthcare infrastructure supports the adoption and use of patient monitoring systems.
- Government initiatives promoting digital healthcare and telehealth are driving adoption.
South Korea Patient Monitoring Industry Product Developments
Recent years have witnessed significant product innovations in the South Korean patient monitoring market. Advancements in sensor technology, miniaturization, and wireless connectivity have resulted in more user-friendly, portable, and accurate devices. The integration of artificial intelligence (AI) and machine learning (ML) algorithms is enabling predictive analytics and improved diagnostic capabilities. For example, the recent approval of VUNO's Hativ Pro ECG device highlights the growing adoption of AI-powered solutions. The development of electronic tattoo-based bioelectrodes at KAIST signifies a major step forward in minimally invasive and comfortable patient monitoring. These developments are creating competitive advantages for companies offering advanced and innovative products.
Challenges in the South Korea Patient Monitoring Industry Market
The South Korean patient monitoring market faces several challenges. High initial investment costs for advanced equipment can be a barrier for smaller healthcare facilities. Stringent regulatory approvals can slow down product launches. Supply chain disruptions, especially post-pandemic, can affect the availability and cost of components. Intense competition among established players and new entrants can put pressure on pricing and profitability. These factors, if not addressed effectively, could impede market growth. Estimates suggest that regulatory hurdles account for approximately xx% of delays in product launches.
Forces Driving South Korea Patient Monitoring Industry Growth
Several forces are driving the growth of the South Korean patient monitoring industry. The aging population leads to a higher prevalence of chronic diseases requiring constant monitoring. Government initiatives promoting digital healthcare and telehealth are creating a favorable regulatory environment. Technological advancements, such as the integration of AI and IoT, are making patient monitoring devices more efficient and user-friendly. Rising healthcare expenditure and increased health awareness among consumers further contribute to the market's growth. The country's robust healthcare infrastructure also plays a crucial role.
Long-Term Growth Catalysts in the South Korea Patient Monitoring Industry
Long-term growth in the South Korean patient monitoring market is projected to be driven by continuous innovation in device technology and the expansion of telehealth infrastructure. Strategic partnerships between technology companies and healthcare providers will facilitate faster adoption of advanced monitoring solutions. The growing prevalence of chronic diseases and an aging population necessitate consistent growth in this sector. Government support and investment in the healthcare sector will also further catalyze market expansion in the long term.
Emerging Opportunities in South Korea Patient Monitoring Industry
Emerging opportunities exist in the integration of AI and machine learning for predictive analytics in patient monitoring. The development of wearable and implantable devices will further enhance convenience and accuracy. The expansion of remote patient monitoring programs will cater to the growing preference for home-based healthcare. These emerging trends and technologies present significant growth opportunities for companies willing to invest and innovate in the South Korean patient monitoring market.
Leading Players in the South Korea Patient Monitoring Industry Sector
- 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 Milestones in South Korea Patient Monitoring Industry Industry
- August 2022: The South Korean Ministry of Food and Drug Safety (MFDS) granted clearance to VUNO for its Hativ Pro ECG device, showcasing the growing acceptance of AI-powered medical devices.
- August 2022: Researchers at KAIST developed an electronic tattoo ink for bioelectrode applications, promising a new era in minimally invasive patient monitoring. This technology has significant potential to disrupt the market.
Strategic Outlook for South Korea Patient Monitoring Industry Market
The South Korean patient monitoring market presents a compelling growth opportunity for both established players and new entrants. Focus on innovation, strategic partnerships, and adapting to evolving regulatory landscapes will be crucial for success. The continued adoption of telehealth and remote monitoring solutions, coupled with advancements in AI and sensor technology, will drive long-term market expansion. Companies that invest in developing user-friendly, accurate, and cost-effective devices will be well-positioned to capitalize on the substantial market potential.
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 REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.87% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 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. 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. 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
- 5.1. Market Analysis, Insights and Forecast - by Type of Device
- 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)
- 6.2.1 Edwards Lifesciences Corporation
List of Figures
- Figure 1: South Korea Patient Monitoring Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South Korea Patient Monitoring Industry Share (%) by Company 2024
List of Tables
- Table 1: South Korea Patient Monitoring Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South Korea Patient Monitoring Industry Revenue Million Forecast, by Type of Device 2019 & 2032
- Table 3: South Korea Patient Monitoring Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 4: South Korea Patient Monitoring Industry Revenue Million Forecast, by End Users 2019 & 2032
- Table 5: South Korea Patient Monitoring Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 6: South Korea Patient Monitoring Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: South Korea Patient Monitoring Industry Revenue Million Forecast, by Type of Device 2019 & 2032
- Table 8: South Korea Patient Monitoring Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 9: South Korea Patient Monitoring Industry Revenue Million Forecast, by End Users 2019 & 2032
- 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 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

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

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