Name: South Korea Long Term Care Market Size, Share, Growth and Industry Report
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: South Korea Long Term Care Market Report

South Korea Long Term Care Market Report by Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities, and Others), Gender (Male, Female), Payer (Public, Private, Out-of-Pocket), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A21460

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Market Overview:

South Korea long term care market size reached US$ 20.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.00% during 2024-2032. The rising number of children with cerebral palsy, down syndrome, and other developmental disorders is primarily augmenting the market growth across the country.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 20.6 Billion
Market Forecast in 2032	US$ 31.9 Billion
Market Growth Rate (2024-2032)	5.00%

Long-term care (LTC) serves individuals facing functional or cognitive limitations in carrying out activities of daily living (ADLs), encompassing tasks like walking, grooming, bathing, dressing, eating, using the toilet, and mobility. LTC comprises a spectrum of health services, including the management of chronic geriatric conditions, rehabilitation, palliative care, as well as preventive services. It is delivered in various settings such as private homes, adult day-care facilities, residential care or assisted living facilities, and nursing homes. Currently, there is a growing elderly population grappling with conditions like diabetes, arthritis, pulmonary disease, age-related hearing loss, and cognitive disorders such as dementia and Alzheimer’s. Consequently, there is an increasing demand for long-term care services throughout the country.

South Korea Long Term Care Market Trends:

The South Korea long-term care market has emerged as a critical component in the nation's healthcare landscape, addressing the needs of individuals experiencing functional or cognitive limitations in their daily lives. LTC extends support for activities of daily living (ADLs), including walking, grooming, bathing, dressing, eating, using the toilet, and mobility. Additionally, this comprehensive care approach encompasses traditional health services such as managing chronic geriatric conditions, rehabilitation, palliative care, and preventive services. Long-term care in South Korea is provided across diverse settings to cater to the varied needs of the aging population. These settings include private homes, adult day-care facilities, residential care or assisted living facilities, and nursing homes. Moreover, the escalating demand for long-term care in South Korea is witnessing a notable increase due to the rising geriatric population facing conditions like diabetes, arthritis, pulmonary disease, age-related hearing loss, dementia, and Alzheimer's. As the demographic landscape shifts towards an aging society, the significance of long-term care in supporting the health and well-being of the elderly becomes increasingly apparent. The South Korea long-term care market is characterized by its commitment to addressing the evolving healthcare needs of the elderly population. It reflects the nation's dedication to providing comprehensive and quality care services, which is expected to fuel the regional market in the coming years.

South Korea Long Term Care Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service, gender, and payer.

Service Insights:

Home Healthcare
Hospice
Nursing Care
Assisted Living Facilities
Others

The report has provided a detailed breakup and analysis of the market based on the service. This includes home healthcare, hospice, nursing care, assisted living facilities, and others.

Gender Insights:

Male
Female

A detailed breakup and analysis of the market based on the gender have also been provided in the report. This includes male and female.

Payer Insights:

Public
Private
Out-of-Pocket

The report has provided a detailed breakup and analysis of the market based on the payer. This includes public, private, and out-of-pocket.

Regional Insights:

Seoul Capital Area
Yeongam (Southeastern Region)
Honam (Southwestern Region)
Hoseo (Central Region)
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. 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.

South Korea Long Term Care Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Service Gender Payer Region
Services Covered	Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities, Others
Genders Covered	Male, Female
Payers Covered	Public, Private, Out-of-Pocket
Regions Covered	Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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:

How has the South Korea long term care market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the South Korea long term care market?
What is the breakup of the South Korea long term care market on the basis of service?
What is the breakup of the South Korea long term care market on the basis of gender?
What is the breakup of the South Korea long term care market on the basis of payer?
What are the various stages in the value chain of the South Korea long term care market?
What are the key driving factors and challenges in the South Korea long term care?
What is the structure of the South Korea long term care market and who are the key players?
What is the degree of competition in the South Korea long term care market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea long term care market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea long term care market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea long term care industry and its attractiveness.
A competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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