South Korea Physician Groups Market

ID: MRFR/HC/50829-HCR

200 Pages

Rahul Gotadki

September 2025

South Korea Physician Groups Market Research Report By Type of Physician Groups (Independent Physician Groups, Hospital-Affiliated Physician Groups, Multispecialty Physician Groups, Single Specialty Physician Groups), By Service Offered (Primary Care Services, Specialty Care Services, Emergency Care Services, Preventive Care Services), By Practice Size (Small Practices, Medium Practices, Large Practices) and By Payer Mix (Public Payers, Private Insurers, Self-Pay)- Forecast to 2035

South Korea Physician Groups Market Research Report - Forecast to 2035 Infographic

Single User

$ 4,950.0

Multiple License

$ 5,950.0

Enterprise User

$ 7,250.0

Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

South Korea Physician Groups Market Summary

The South Korea Physician Groups market is projected to grow steadily from 2.44 USD Billion in 2024 to 3.5 USD Billion by 2035.

Key Market Trends & Highlights

South Korea Physician Groups Key Trends and Highlights

The market is expected to witness a compound annual growth rate (CAGR) of 3.33% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 3.5 USD Billion, indicating robust growth potential.
In 2024, the market is valued at 2.44 USD Billion, reflecting the current size of the sector.
Growing adoption of advanced healthcare technologies due to increasing patient demand is a major market driver.

South Korea Physician Groups Market

CAGR

3.33%

Market Size & Forecast

2024 Market Size	2.44 (USD Billion)
2035 Market Size	3.5 (USD Billion)
CAGR (2025-2035)	3.33%

Major Players

Seoul National University Hospital, Samsung Medical Center, Hallym University Medical Center, Sungkyunkwan University School of Medicine, Pusan National University Hospital, Yonsei University Health System, Ewha Womans University Medical Center, Asan Medical Center, Korea University Medical Center, Jeju National University Hospital, Inha University Hospital, Catholic University of Korea Seoul St. Mary's Hospital, Chonnam National University Hospital, Daegu Catholic University Medical Center

South Korea Physician Groups Market Trends

The South Korea Physician Groups Market is undergoing changes because of the new demand for integrated healthcare services. This fact is also supported by the government’s intention towards a more integrated healthcare system which aims to improve patient care and healthcare spending. The growing popularity of value-based care is a big motivator, driving tighter collaboration among physician groups for better quality care and tighter cost control. There is also an increased focus on preventive care and wellness programs as part of the paradigm shift promoted by the South Korean government, which takes initiative to change treatment-centered healthcare to prevention-centered healthcare.

Telemedicine is another growing field in the recent past, especially with the advent of COVID-19 since it makes healthcare more approachable and allows care continuity. There are many prospects in the South Korea Physician Groups Market, especially for the technology oriented. The integration of EHR (electronic health records) and remote health monitoring systems provide a great opportunity for physician groups to improve their operations and strengthen patient relations. Moreover, physician groups are expanding their offered services due to increased specialty and geriatric care being needed as the population ages.

Also, working with technology companies may offer new ways to solve some of the innovative care problems South Korea deals with. Recent trends show an increase in focused attention on patient-centered care models, as the physician groups in South Korea are beginning to engage the patients in the treatment processes. There is also a significant movement toward openness in healthcare services as a result of patient demand for more information about their treatments, encompassing the available options, schedules, and the associated costs.

The healthcare system in South Korea is changing, and the physician groups are driving these changes along with the shifting demands of the people.

Market Segment Insights

Physician Groups Market Type of Physician Groups Insights

The South Korea Physician Groups Market is a significant part of the healthcare landscape, structured around various types of physician groups that cater to diverse patient needs and healthcare delivery models. This market segment is characterized by distinct categories, notably Independent Physician Groups, Hospital-Affiliated Physician Groups, Multispecialty Physician Groups, and Single Specialty Physician Groups. These groups play a crucial role in enhancing patient care efficiency and improving healthcare access throughout South Korea.

Independent Physician Groups are essential for providing personalized care and establishing strong patient-physician relationships, often emphasizing community healthcare and preventive services.

In contrast, Hospital-Affiliated Physician Groups typically benefit from established hospital networks and resources, allowing them to integrate care more effectively and offer a broader range of services. This affiliation often enhances operational efficiencies and can lead to improved patient outcomes due to the availability of comprehensive medical services.

Multispecialty Physician Groups stand out by blending various specialties under one roof, facilitating comprehensive care and collaboration among specialists which enhances diagnostic accuracy and treatment efficiency, thus leading to better patient satisfaction.

Single Specialty Physician Groups have become increasingly significant as they focus on specific areas of medical practice, enabling them to leverage deep expertise in particular health issues, which is pivotal for complex cases or specialized treatments.

Physician Groups Market Service Offered Insights

The South Korea Physician Groups Market focuses significantly on the various services offered, which includes essential healthcare functions such as Primary Care Services, Specialty Care Services, Emergency Care Services, and Preventive Care Services. Primary Care Services are vital as they serve as the first point of contact for patients, ensuring ongoing medical care and chronic disease management. The demand for Specialty Care Services is increasing, owing to the rise in complex health conditions that require specialized knowledge and advanced treatment.

Emergency Care Services play a crucial role in providing immediate medical attention to patients in critical situations, underscoring the need for efficient healthcare systems in urban centers of South Korea. Furthermore, Preventive Care Services are gaining prominence as health systems focus on reducing the incidence of diseases through proactive measures and regular screenings.

The enhancement of these services is driven by advancements in technology, increased health awareness among the population, and a commitment from the South Korean government to improve healthcare accessibility, ensuring the physician groups remain adaptable to emerging healthcare trends and needs.As a result, the segmentation in the South Korea Physician Groups Market is witnessing growth and diversification, critical for enhancing patient outcomes and overall public health.

Physician Groups Market Practice Size Insights

The Practice Size segment of the South Korea Physician Groups Market is significant, reflecting the varying scale of healthcare providers in the region. Small Practices typically consist of one or a few physicians and play a crucial role in providing personalized care and enhancing patient relationships. They contribute to a substantial portion of the healthcare delivery system, particularly in rural areas, filling gaps where larger facilities may not be present.

Medium Practices serve as a bridge between small and large entities, often featuring a diverse set of specialists and services to address a wider array of patient needs, thus increasing access to quality healthcare.

Large Practices, which may function akin to hospitals or integrated health organizations, dominate in terms of technological adoption and specialized services. Their expansive resources enable them to offer advanced treatments and cater to high patient volumes, contributing significantly to the overall healthcare market dynamics. The segmentation within the Practice Size indicates shifting trends, with an increasing preference for collaborative and integrated care models across all sizes, supported by the evolving policies and healthcare standards in South Korea.

Physician Groups Market Payer Mix Insights

The Payer Mix in the South Korea Physician Groups Market comprises distinct categories, significantly influencing market dynamics and access to healthcare services. Public Payers form a crucial part of this mix, characterized by government-funded healthcare programs that cater to a vast portion of the population. This fosters a sense of coverage and financial security among citizens, ultimately driving healthcare accessibility. On the other hand, Private Insurers serve a complementary role, offering more tailored healthcare solutions and faster services, which appeal to those who can afford such options.

This segment is important as it encourages competition and innovation within the healthcare landscape. Meanwhile, Self-Pay accounts for individuals who choose to pay out-of-pocket for services, often focusing on elective procedures or specialized treatments that may not be adequately covered by insurance. This preference showcases a trend towards personalized healthcare, as patients seek quality and quick access to treatments.

The segmentation of the South Korea Physician Groups Market regarding the Payer Mix not only shapes the financial framework of healthcare provision but also reflects the evolving consumer preferences towards diversified payment options.Understanding these components is essential for stakeholders to navigate the complexities of this growing market effectively.

Get more detailed insights about South Korea Physician Groups Market Research Report - Forecast to 2035

Request Free Sample

Key Players and Competitive Insights

The South Korea Physician Groups Market is characterized by a blend of highly established healthcare institutions and emerging physician groups that work collaboratively to enhance patient care and service delivery within the nation's complex healthcare landscape. This market benefits from a high level of investment in healthcare infrastructure, advanced medical technologies, and a strong emphasis on research and development. The competitive landscape is shaped by factors such as the continuous innovation in treatment protocols, an increasing demand for specialized medical services, and the integration of digital health solutions to improve patient engagement and outcomes.

As the healthcare ecosystem evolves, understanding the competitive dynamics among key players is crucial for attracting and retaining patients while maintaining operational efficiencies.

Seoul National University Hospital, as a leading institution in the South Korea Physician Groups Market, boasts a remarkable reputation for its comprehensive medical services and a strong affiliation with pioneering medical research. The hospital has established itself as a center of excellence, attracting top-tier medical professionals and offering cutting-edge treatment options across various specialties. Its strengths lie in its rigorous clinical programs, qualified medical staff, and the robust integration of academic research with practical healthcare solutions.

This synergy not only enhances its clinical capabilities but also fosters a culture of continuous improvement and innovation, making Seoul National University Hospital a crucial player in the healthcare sector of South Korea.

Samsung Medical Center has carved out a significant presence in the South Korea Physician Groups Market, known for its commitment to providing high-quality healthcare services and adopting advanced medical technologies. The center offers a wide range of services, including specialized treatments in oncology, cardiology, and orthopedics, addressing a broad array of healthcare needs within the population. Its strengths are amplified by a focus on research-driven patient care and a well-established network of partnerships within the healthcare industry. The center has also pursued strategic mergers and collaborations to enhance its service offerings, streamline operations, and expand its reach within the region.

These initiatives underscore Samsung Medical Center's dedication to excellence in healthcare and its ability to respond effectively to the evolving demands of the South Korean healthcare system.

Key Companies in the South Korea Physician Groups Market market include

Industry Developments

The South Korea Physician Groups Market has seen notable developments recently, particularly with major institutions reinforcing their positions. In March 2023, Seoul National University Hospital announced a collaboration with Samsung Medical Center to enhance healthcare services through integrated care models. Additionally, in June 2023, the Ewha Womans University Medical Center partnered with Hallym University Medical Center to launch a new research initiative focusing on chronic disease management, fueling innovation and improving patient outcomes.

The market has experienced growth in valuation, with Asan Medical Center reporting a significant increase in patient admissions and revenue generation attributed to advanced medical technologies and treatment protocols.

Furthermore, the Pusan National University Hospital expanded its facilities following the successful acquisition of new medical equipment in January 2022, which has positively impacted their service capabilities. Over the last couple of years, major happenings include the collaboration between Yonsei University Health System and Korea University Medical Center to develop telemedicine services in September 2021, which has become increasingly vital in the post-pandemic landscape. As the market evolves, these strategic alliances and advancements underscore a commitment to enhancing healthcare delivery in South Korea.

Market Segmentation

Physician Groups Market Payer Mix Outlook

Public Payers
Private Insurers
Self-Pay

Physician Groups Market Practice Size Outlook

Small Practices
Medium Practices
Large Practices

Physician Groups Market Service Offered Outlook

Primary Care Services
Specialty Care Services
Emergency Care Services
Preventive Care Services

Physician Groups Market Type of Physician Groups Outlook

Independent Physician Groups
Hospital-Affiliated Physician Groups
Multispecialty Physician Groups
Single Specialty Physician Groups

Report Scope

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	2.35(USD Billion)
MARKET SIZE 2024	2.44(USD Billion)
MARKET SIZE 2035	3.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	3.315% (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	Seoul National University Hospital, Samsung Medical Center, Hallym University Medical Center, Sungkyunkwan University School of Medicine, Pusan National University Hospital, Yonsei University Health System, Ewha Womans University Medical Center, Asan Medical Center, Korea University Medical Center, Jeju National University Hospital, Inha University Hospital, Catholic University of Korea Seoul St. Mary's Hospital, Chonnam National University Hospital, Daegu Catholic University Medical Center
SEGMENTS COVERED	Type of Physician Groups, Service Offered, Practice Size, Payer Mix
KEY MARKET OPPORTUNITIES	Aging population healthcare demand, Telemedicine integration growth, Value-based care adoption, Enhanced collaboration models, Specialty care expansion opportunities
KEY MARKET DYNAMICS	Aging population, Rising chronic diseases, Technological advancements, Regulatory compliance, Collaborative care models
COUNTRIES COVERED	South Korea

FAQs

What is the expected market size of the South Korea Physician Groups Market in 2024?

The South Korea Physician Groups Market is expected to be valued at 2.44 USD Billion in 2024.

What is the projected market size of the South Korea Physician Groups Market by 2035?

By 2035, the South Korea Physician Groups Market is projected to reach a value of 3.5 USD Billion.

What is the expected compound annual growth rate (CAGR) for the South Korea Physician Groups Market from 2025 to 2035?

The expected CAGR for the South Korea Physician Groups Market from 2025 to 2035 is 3.315%.

Which type of physician group is expected to have the highest market value in 2035?

Independent Physician Groups are anticipated to have the highest market value, reaching 1.1 USD Billion in 2035.

What is the expected market size for Hospital-Affiliated Physician Groups in 2024?

The market size for Hospital-Affiliated Physician Groups is expected to be 0.85 USD Billion in 2024.

What are the leading players in the South Korea Physician Groups Market?

Major players in the South Korea Physician Groups Market include Seoul National University Hospital and Samsung Medical Center among others.

How much is the market size for Multispecialty Physician Groups expected to grow by 2035?

The market size for Multispecialty Physician Groups is expected to grow to 1.0 USD Billion by 2035.

What is the market value of Single Specialty Physician Groups expected to be in 2024?

The market value of Single Specialty Physician Groups is expected to be 0.19 USD Billion in 2024.

What challenges does the South Korea Physician Groups Market currently face?

The South Korea Physician Groups Market currently faces challenges related to regulatory changes and competition among healthcare providers.

What opportunities exist in the South Korea Physician Groups Market from 2025 to 2035?

There are significant opportunities for growth in the South Korea Physician Groups Market driven by technological advancements and increasing healthcare demand.

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Customer Stories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Victoria Milne Founder

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027