The South Korea diabetes devices market size reached USD 366.04 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 775.52 Million by 2033, exhibiting a growth rate (CAGR) of 8.10% during 2025-2033. Rising diabetes prevalence, increased awareness about early diagnosis and management, government initiatives for healthcare improvement, advancements in glucose monitoring technologies, and the growing adoption of telemedicine and mobile health solutions are the factors propelling the growth of the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 366.04 Million |
Market Forecast in 2033 | USD 775.52 Million |
Market Growth Rate 2025-2033 | 8.10% |
Increase in Digital Integration for Diabetes Management
The integration of digital health technologies with chronic disease management applications improves individualized treatment for diabetic patients. Patients may monitor key health data such as blood glucose levels, food, exercise, and medicine in real-time by connecting their insulin pens to mobile apps. This integration increases treatment adherence by enabling continuous tracking and insulin management via linked devices. Localized apps improve accessibility by allowing users to interact with the technology in their preferred language. These improvements make diabetes treatment more effective and personalized, resulting in improved patient outcomes through data-driven insights and streamlined daily management. For example, in August 2024, Health2Sync and Sanofi expanded their partnership by providing the SoloSmart solution for individualized diabetes treatment in South Korea. SoloSmart's interface with Health2Sync's "SugarGenie" app allows patients to monitor blood glucose, nutrition, exercise, and medicines. This collaboration is the first time SoloSmart has been integrated with a chronic illness management app in South Korea, improving daily diabetes management and user experience. The software, now available in Korean, provides seamless tracking and insulin control using the SoloSmart connected pen cap.
Growing Innovation in Continuous Glucose Monitoring
The introduction of locally made continuous glucose monitoring (CGM) devices is transforming diabetes care. The most recent innovation is the smallest and lightest CGM available, with up to 15 days of use and enhanced calibration for precise readings. This breakthrough improves the convenience and precision of diabetes control, making it more convenient for patients. With formal certification and mass manufacturing underway, this device is poised to expand into overseas markets, including Europe, provided it achieves CE approval. This trend toward domestic technology adds to the burgeoning ecosystem of innovative medical devices that aim to enhance patient outcomes and simplify chronic illness care. For instance, in June 2023, i-SENS developed CareSens Air, South Korea's first domestically manufactured continuous glucose monitoring (CGM) device, which has officially been certified by the Ministry of Food and Drug Safety. The device is the smallest and lightest CGM available, with a 15-day use length and enhanced calibration for precise readings. i-SENS accelerated its manufacturing in Q3 2024. As the fourth CGM certified in South Korea, the device may access international markets, including Europe after obtaining CE authorization.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type and distribution channel.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes management devices and monitoring devices.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hospital pharmacies, retail pharmacies, diabetes clinics/centers, online pharmacies, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | USD Million |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered | Management Devices and Monitoring Devices |
Distribution Channels Covered | Hospital Pharmacies, Retail Pharmacies, Diabetes Clinics/Centers, Online Pharmacies, and Others |
Regions Covered | Luzon, Visayas, Mindanao |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: