Global & Slovakia IoT Medical Devices Market to 2033

South Korea is emerging as a highly sophisticated and rapidly growing market for IoT medical devices, driven by its state-of-the-art technology, an increasingly aging population, and strong governmental backing for digital health advancements. By 2025, the nation is expected to transition into a super-aged society, with over 20% of its populace aged 65 and above, and an alarming 89.5% of seniors experiencing at least one chronic illness. This demographic evolution is a significant catalyst for the rising need for remote patient monitoring and preventive healthcare solutions.

The South Korean government is actively fostering the medical device sector through strategic initiatives, considerable funding, and grants aimed at research and development, as noted by OMC Medical in March 2025. The Digital Strategy of Korea, which has been in effect since 2023, emphasizes heavy investment in AI, 5G/6G technologies, and the establishment of a world-class AI infrastructure. In January 2025, South Korea introduced a five-year plan to enhance AI in healthcare, focusing on critical areas such as emergency services, serious illnesses, and cancer, while also improving medical data systems to ensure the safe and effective application of AI.

Remote patient monitoring is a vital area of focus. The government has promoted remote monitoring systems to enhance patient management, thereby improving accessibility and care quality for chronic conditions. For example, in September 2023, Medtronic expanded its remote monitoring offerings in South Korea to better manage chronic diseases. Likewise, Omron launched new wearable technologies aimed at heart health monitoring, with the goal of boosting patient engagement and preventive care. South Korea is also at the forefront of Digital Therapeutics (DTx); by April 2024, the Ministry of Food and Drug Safety (MFDS) had approved four DTx products, including Somzz for insomnia and VIVID Brain for neurological rehabilitation, indicating a clear trajectory for digitally enabled healthcare solutions. Additionally, smart hospital initiatives are progressing, with People and Technology, a prominent South Korean digital health firm, preparing to demonstrate its real-time medical asset and patient tracking, along with remote vital signs monitoring through wearable technology at Viva Technology 2025 in June. Show more