South Korea Healthcare Artificial Intelligence (AI) Market Research Report By Component (Hardware, Software, Services), By Application (Robot-Assisted Surgery, Virtual Nursing Assistant, Dosage Error Reduction, Clinical Trial, Preliminary Diagnosis, Automated Image Diagnosis), By Technology (Machine Learning, Querying Method, Natural Language Processing) and By End-User (Hospital Diagnostic Centers, Pharmaceutical Biotechnology Companies, Academic Research Laboratories) - Forecast to 2035

South Korea Healthcare Artificial Intelligence (AI) Market Overview:

As per MRFR analysis, the South Korea Healthcare Artificial Intelligence (AI) Market Size was estimated at 0.35 (USD Billion) in 2023.The South Korea Healthcare Artificial Intelligence (AI) Market Industry is expected to grow from 0.45(USD Billion) in 2024 to 2.79 (USD Billion) by 2035. The South Korea Healthcare Artificial Intelligence (AI) Market CAGR (growth rate) is expected to be around 17.04% during the forecast period (2025 - 2035).

Key South Korea Healthcare Artificial Intelligence (AI) Market Trends Highlighted

The South Korean Healthcare Artificial Intelligence (AI) Market is experiencing substantial growth, which is being driven by a variety of key market drivers. The South Korean government has been actively promoting digital transformation in the healthcare sector, with a particular emphasis on the integration of AI technologies to improve patient care and medical services. Goals such as the "Digital Healthcare Innovation Strategy" are to enhance the efficiency and accessibility of healthcare systems through modernization. Additionally, South Korea's tech-savvy population and robust IT infrastructure encourage the widespread adoption and development of AI applications in healthcare environments. The South Korean market offers opportunities for the implementation of AI in predictive analytics, which can significantly enhance patient outcomes through opportune interventions.

Furthermore, the COVID-19 pandemic has significantly accelerated the growth of telemedicine, which has opened up opportunities for AI technologies to simplify remote consultations and patient monitoring services. AI-based solutions, including chatbots for patient engagement and machine learning for diagnostics, are expected to gain traction as healthcare providers strive to manage costs and enhance service delivery. A recent trend has shown a rise in the number of collaborations between healthcare providers and technology companies to create AI-driven applications. In South Korea, research institutes and universities are also emphasizing AI research, promoting innovation, and implementing solutions that are specifically designed to address local healthcare challenges.

The South Korean population's health requirements are being specifically addressed through the development of more targeted therapies, which is a result of the increasing emphasis on personalization in treatment through AI. Consequently, the South Korean Healthcare AI Market is on the brink of expansion, propelled by strategic governmental support and technological advancements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea Healthcare Artificial Intelligence (AI) Market Drivers

Increasing Demand for Personalized Medicine

The South Korea Healthcare Artificial Intelligence (AI) Market Industry is significantly driven by the rising demand for personalized medicine. As the healthcare sector increasingly seeks to tailor treatments to individual patients, AI technologies are being employed to analyze genetic data, health records, and other personal metrics. According to studies, about 70% of healthcare professionals in South Korea believe that personalized medicine can enhance patient care.

Organizations such as the Korean Society of Medical Genetics are actively promoting these initiatives, showcasing the importance of precision medicine in improving treatment outcomes. As a result, investment in AI-driven solutions in the healthcare sector is expected to rise, contributing to market growth.

Government Initiatives Supporting AI Adoption

The South Korean government has undertaken numerous initiatives to encourage the adoption of AI in healthcare. The 'K-Healthcare' initiative aims to create an ecosystem that integrates AI technologies into health management and medical services. In 2022, the government allocated approximately $180 million to innovative healthcare technology, including AI applications for diagnostics, patient management, and more. This supportive regulatory framework is expected to lead to increased trust and investment in AI solutions within the South Korean healthcare Artificial Intelligence (AI) Market Industry, with various stakeholders eager to innovate and implement AI-driven applications in daily operations.

Growing Aging Population and Related Healthcare Needs

The aging population in South Korea is driving the demand for advanced healthcare solutions, especially those powered by Artificial Intelligence. Currently, about 15% of the South Korean population is aged 65 and older, with projections indicating that this number will rise to approximately 25% by 2040. The increase in age-related health issues, such as chronic diseases, necessitates improved healthcare solutions. Healthcare organizations, like the Korean National Health Insurance Service, have been exploring AI tools to facilitate better patient monitoring and management, thus propelling growth in the South Korea Healthcare Artificial Intelligence (AI) Market Industry.

South Korea Healthcare Artificial Intelligence (AI) Market Segment Insights

Healthcare Artificial Intelligence (AI) Market Component Insights  

The South Korea Healthcare Artificial Intelligence (AI) Market exhibits promising growth within the Component segment, driven by advancements and increasing adoption of technologies in the healthcare sector. This segment encompasses three primary categories: Hardware, Software, and Services, each playing a crucial role in delivering AI-enabled solutions to healthcare professionals and facilities. Hardware components, such as medical devices and imaging equipment integrated with AI capabilities, are pivotal in enhancing diagnostic accuracy and operational efficiency.

Meanwhile, Software applications, including machine learning algorithms and AI analytics tools, facilitate data-driven decision-making and the automation of various healthcare processes, ultimately leading to improved patient outcomes. Services, on the other hand, encompass a broad array of technical support, implementation, and training necessary for leveraging AI technologies effectively. The South Korea government's supportive initiatives in digital health, coupled with the increasing demand for telemedicine and personalized healthcare solutions, significantly propel market growth within these components.

Additionally, the healthcare sector's focus on data security and patient confidentiality creates opportunities for service providers specializing in compliance and innovative solutions. Moreover, with a highly developed technological infrastructure in South Korea, the market for AI in healthcare is set to thrive, ensuring that healthcare institutions can provide high-quality care while navigating challenges such as aging demographics and chronic disease management. The increasing collaboration between tech companies and healthcare institutions further weaves a rich landscape for innovation within the Component segment, positioning South Korea as a key player in the global healthcare AI ecosystem.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Healthcare Artificial Intelligence (AI) Market Application Insights  

The South Korea Healthcare Artificial Intelligence (AI) Market exhibits significant growth potential within its Application segment, where various innovative solutions aim to enhance patient care and operational efficiency. Notably, Robot-Assisted Surgery is gaining traction as it offers greater precision and less invasive procedures, making it increasingly popular amongst healthcare providers. The Virtual Nursing Assistant segment is also noteworthy; it supports patients while easing the burden on healthcare professionals through remote monitoring and engagement.

Furthermore, the focus on Dosage Error Reduction showcases the commitment to improving safety and minimizing medication errors, which is critical in a healthcare ecosystem that prioritizes patient well-being. Clinical Trials benefit from AI by streamlining processes and enhancing data analysis for faster results, thus demonstrating improvements in trial efficiency. Preliminary Diagnosis tools are being embraced as they assist healthcare professionals in making swift decisions based on accurate data analysis. Finally, Automated Image Diagnosis plays a crucial role in radiology, enabling healthcare professionals to analyze imaging results more effectively, thereby leading to timely and accurate diagnoses.

Collectively, these applications highlight the transformative impact of AI on the healthcare industry in South Korea, driving advancements in patient care and operational efficiencies across various healthcare settings.

Healthcare Artificial Intelligence (AI) Market Technology Insights  

The Technology segment of the South Korea Healthcare Artificial Intelligence (AI) Market comprises various innovative methodologies that drive advancements in healthcare services and delivery. Machine Learning is critical as it enables systems to learn from vast amounts of medical data, helping in diagnostic accuracy and predictive analytics. The Querying Method enhances data accessibility and manipulation, empowering healthcare providers to retrieve essential information swiftly, which is paramount during critical decision-making scenarios. Natural Language Processing (NLP) plays a vital role by facilitating human-computer interaction through the understanding of clinical documentation and patient interactions, thereby improving overall patient care and operational efficiency.

This segment significantly impacts the South Korea Healthcare Artificial Intelligence (AI) Market, as the country emphasizes digital health and smart healthcare infrastructure to improve its existing healthcare systems. Government-driven initiatives and growing investments in health IT further bolster these technologies, indicative of their importance in transforming patient outcomes and optimizing healthcare services. In the increasingly data-driven healthcare landscape, these technologies not only present opportunities for enhanced operational workflows but also pose challenges in terms of data privacy and integration within legacy systems.

Healthcare Artificial Intelligence (AI) Market End-User Insights  

The South Korea Healthcare Artificial Intelligence (AI) Market is markedly influenced by its End-User segmentation, comprising Hospital  Diagnostic Centers, Pharmaceutical  Biotechnology Companies, and Academic  Research Laboratories. Hospital  Diagnostic Centers are pivotal as they leverage AI technologies to enhance diagnostic accuracy and streamline operations, which has become essential for improving patient outcomes. Similarly, Pharmaceutical  Biotechnology Companies utilize AI for drug discovery and development processes, making research more efficient and cost-effective.

This sector plays a crucial role in accelerating the pace of innovation in therapeutics and personalized medicine. Furthermore, Academic  Research Laboratories are integral to the South Korea Healthcare Artificial Intelligence (AI) Market, driving foundational research and advanced studies that fuel technological advancements. The synergy between these segments fosters a collaborative environment, ultimately contributing to the overall enhancements in healthcare delivery and research outcomes in South Korea. With an increasing focus on precision medicine and improved healthcare infrastructure, the demand for AI-driven solutions across these End-User categories is expected to grow significantly.

This burgeoning trend not only stimulates technological advancements but also highlights the importance of regulatory frameworks in guiding AI implementation in medical practices.

South Korea Healthcare Artificial Intelligence (AI) Market Key Players and Competitive Insights:

The South Korea Healthcare Artificial Intelligence (AI) Market presents a dynamic landscape characterized by rapid technological advancements and growing investments in healthcare innovation. As the healthcare sector increasingly embraces AI technologies, various stakeholders, including hospitals, research institutions, and technology firms, are vying for leadership positions in the market. The focus is on developing solutions that enhance diagnostics, treatment efficacy, patient management, and operational efficiency. Key trends influencing this market include the integration of AI-driven predictive analytics, machine learning algorithms, and natural language processing, all of which are paving the way for improved patient outcomes and streamlined healthcare delivery systems. Furthermore, regulatory frameworks and government initiatives in South Korea play a vital role in shaping the competitive environment, spurring collaboration between tech companies and healthcare providers to foster innovation and ensure compliance with health standards.

Samsung Medical Center stands out in the South Korea Healthcare Artificial Intelligence (AI) Market due to its strong commitment to innovative healthcare solutions. Strategically located and equipped with cutting-edge technology, Samsung Medical Center harnesses AI capabilities to advance medical research and improve patient care. The institution has integrated AI in various departments, focusing on enhancing diagnostic imaging, personalized treatment plans, and patient monitoring systems. Its strong research background and collaborations with leading academic institutions position it favorably in the AI landscape, allowing for the rapid development and implementation of new AI-driven interventions. The center's reputation for excellence and its ability to attract top-tier talent further enhance its competitive edge in the evolving market.

MediGence has emerged as a formidable player in the South Korea Healthcare Artificial Intelligence (AI) Market, delivering a portfolio of AI-driven services focused on improving healthcare decision-making and patient engagement. The company specializes in using AI for clinical data analytics, treatment optimization, and remote patient monitoring, catering particularly to hospitals and healthcare providers aiming to harness technology for better outcomes. MediGence's strengths lie in its innovation capacity, research-driven approach, and strategic partnerships with healthcare organizations to expand its offerings. The company has been active in forging alliances and exploring mergers and acquisitions, which have bolstered its market presence and enhanced its technological capabilities. By continuously updating its solutions based on the latest AI advancements, MediGence remains committed to delivering value to the healthcare ecosystem in South Korea, positioning itself to lead in the AI transformation within this sector.

Key Companies in the South Korea Healthcare Artificial Intelligence (AI) Market Include:

• Samsung Medical Center


• MediGence


• Vuno


• Toshiba Medical Systems


• LG Health Care


• Humanscale


• CureMetrix


• CHA Healthcare


• NeuroStar


• DeepMind


• Aiforia


• Tegmine


• Infinitt Healthcare


• Pillera


• Lunit

South Korea Healthcare Artificial Intelligence (AI) Market Industry Developments

Recent developments in the South Korea Healthcare Artificial Intelligence (AI) Market have highlighted significant growth and innovations within the sector. Notable advancements include Samsung Medical Center's collaboration with DeepMind to enhance diagnostic accuracy through machine learning algorithms, which is expected to improve patient outcomes dramatically. MediGence has seen an uptick in demand for its AI-driven healthcare solutions, further solidifying its market position. In September 2023, Vuno secured substantial funding to expand its AI capabilities in medical imaging, expected to fortify its competitive edge. Meanwhile, Lunit has been actively engaging in partnerships to leverage its AI technology for early cancer detection, reflecting a trend toward integrating AI into oncology. The market is witnessing an increase in automation and data analysis, with companies like LG Health Care investing heavily in AI-driven tools aimed at optimizing healthcare services. In terms of market valuation, the South Korean healthcare AI market has experienced a robust compound annual growth rate, signaling a promising future for companies like NeuroStar and Aiforia. Over the past two years, significant transformations, particularly around 2021 and 2022, have set a foundation for the ongoing integration of AI technologies within the healthcare infrastructure.

Healthcare Artificial Intelligence (AI) Market Segmentation Insights

Healthcare Artificial Intelligence (AI) Market Component Outlook

• Hardware


• Software


• Services

Healthcare Artificial Intelligence (AI) Market Application Outlook

• Robot-Assisted Surgery


• Virtual Nursing Assistant


• Dosage Error Reduction


• Clinical Trial


• Preliminary Diagnosis


• Automated Image Diagnosis

Healthcare Artificial Intelligence (AI) Market Technology Outlook

• Machine Learning


• Querying Method


• Natural Language Processing

Healthcare Artificial Intelligence (AI) Market End-User Outlook

• Hospital Diagnostic Centers 


• Pharmaceutical Biotechnology Companies 


• Academic Research Laboratories 

Report Attribute/Metric	Details
Market Size 2018	0.35(USD Billion)
Market Size 2024	0.45(USD Billion)
Market Size 2035	2.79(USD Billion)
Compound Annual Growth Rate (CAGR)	17.04% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Samsung Medical Center, MediGence, Vuno, Toshiba Medical Systems, LG Health Care, Humanscale, CureMetrix, CHA Healthcare, NeuroStar, DeepMind, Aiforia, Tegmine, Infinitt Healthcare, Pillera, Lunit
Segments Covered	Component, Application, Technology, End-User
Key Market Opportunities	Predictive analytics for patient outcomes, AI-driven diagnostics, and imaging, Telehealth enhancements with AI, Personalized medicine through genomics, Operational efficiency via AI automation
Key Market Dynamics	Regulatory compliance challenges, Increasing investment in AI, Growing demand for telemedicine, Advancements in machine learning, Rising patient data security concerns
Countries Covered	South Korea