The number of employees in the human health services sector in South Korea stood at 1,120 thousand units in 2023, marking a consistent upward trend from 842.6 thousand units in 2013. Over the last decade, the sector experienced notable growth, with year-on-year variations showing a gradual deceleration from 6.81% in 2013 to 2.26% in 2023. Specifically, the CAGR over the last five years was 2.49%, indicating steady but slower growth compared to earlier years.
Forecasts suggest a continued increase in employment in this sector, with a projected number of 1,240 thousand units by 2028. However, the forecasted 5-year CAGR of 1.57% indicates a further slowdown in growth, albeit a stable upward trajectory. The forecasted 5-year growth rate stands at 8.08%.
Future trends to watch for include:
- The impact of an aging population on healthcare service demand.
- Technological advancements in healthcare, potentially leading to new job requirements and positions.
- Government policies and investments in healthcare infrastructure.
- Changes in healthcare insurance and funding models.