Forecast: Number of Employees in Human Health Services in South Korea

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.

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