The number of hospital beds in South Korea has consistently increased from 550.54 thousand in 2013 to 673.62 thousand in 2023. The year-on-year growth has shown variability, climbing significantly in the early years with a peak year-on-year growth of 6.97% in 2013 and gradually stabilizing to less than 1% recent growth rates in the last five years. As of 2023, the rate stood at 0.91%, with a Compound Annual Growth Rate (CAGR) of 0.59% projected from 2024 to 2028, leading to an expected total of 699.57 thousand hospital beds by 2028.
Future trends to watch for include technological advancements in medical infrastructure, an aging population increasing demand for hospital services, and policy shifts aimed at healthcare improvement. Monitoring these factors will be crucial for understanding future capacity and healthcare service quality in South Korea.
