IMARC Group has recently released a new research study titled “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 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Long Term Care Market Overview
The South Korea Long Term Care Market size reached USD 21.6 Billion in 2024 and is expected to reach USD 33.0 Billion by 2033, growing at a CAGR of 4.80% during the forecast period 2025-2033. The market growth is primarily driven by an increasing number of children with cerebral palsy, down syndrome, and other developmental disorders. Long-term care encompasses a spectrum of health services, including chronic condition management, rehabilitation, and palliative care, delivered in various settings such as homes, day-care, assisted living, and nursing homes.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Long Term Care Market Key Takeaways
- The South Korea long term care market size was USD 21.6 Billion in 2024.
- The market is expected to grow at a CAGR of 4.80% over 2025-2033.
- Forecasted market size for 2033 is USD 33.0 Billion.
- The rising number of children with cerebral palsy, Down syndrome, and other developmental disorders is a primary growth driver.
- Long-term care services support activities of daily living including walking, grooming, bathing, dressing, and eating.
- Care is delivered in various settings, including private homes, adult day-care, residential facilities, and nursing homes.
- Increasing elderly population affected by chronic conditions such as diabetes, arthritis, and dementia is fuelling demand.
Sample Request Link: https://www.imarcgroup.com/south-korea-long-term-care-market/requestsample
Market Growth Factors
The South Korea long-term care market is growing due to the rising number of children with cerebral palsy, Down syndrome, and other developmental disorders. This demographic trend significantly augments market growth as these children require continuous health services and specialized care for their conditions. Such developmental disorders create sustained demand for home healthcare, nursing care, and hospice services designed to manage complex medical needs.
Long-term care (LTC) in South Korea covers a wide range of health services including management of chronic geriatric conditions, rehabilitation, palliative care, and preventive services. The elderly population with chronic diseases like diabetes, arthritis, pulmonary disease, and age-related hearing loss is expanding. Such health challenges necessitate LTC services that promote patients' ability to perform activities of daily living (ADLs) like walking, grooming, and eating, which increases market demand.
Delivery of long-term care occurs in diverse settings such as private homes, adult day-care facilities, assisted living facilities, and nursing homes. As South Korea’s population ages, especially with a rising incidence of dementia and Alzheimer’s disease, the importance of quality LTC services amplifies, contributing to steady growth at a CAGR of 4.80% expected over 2025-2033. The versatile care settings offer tailored services meeting the varied health needs of patients, which supports the expanding market.
Market Segmentation
Service Insights:
- Home Healthcare: Includes long-term medical and therapeutic care administered at patients’ private homes.
- Hospice: Palliative care services primarily for patients with terminal illnesses, focusing on comfort and quality of life.
- Nursing Care: Professional nursing support for chronic or acute conditions requiring medical supervision.
- Assisted Living Facilities: Residential housing providing supportive care and assistance for daily activities.
- Others: Encompasses other long-term care services not specified in main categories.
Gender Insights:
- Male: Analysis of market size and trends based on male patients requiring LTC services.
- Female: Analysis of market size and trends based on female patients requiring LTC services.
Payer Insights:
- Public: Healthcare expenses covered by government or public health insurance programs.
- Private: Costs borne by private insurance providers or companies.
- Out-of-Pocket: Payments made directly by patients or families without insurance coverage.
Regional Insights
The report segments regions into Seoul Capital Area, Yeongam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and Others. The Seoul Capital Area is identified as a key region with significant demand for long-term care services, reflecting higher market concentration and service accessibility.
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