Up to now, Food companies are more active in cross-industry collaborations than pharmaceutical companies. However, The industry cross between medicine and food is actively being done through the digital health industry for health due to the Korea government temporarily allowing telemedicine.
An extended period of Pandemic situations is driving customers to change the way they live. Especially, Health management through telemedicine will continue to develop for related industries in the future.
The market for the digital healthcare industry in South Korea amounted to approximately 179 trillion KRW (179 billion dollars) in 2020, and expected the market size as 597trillion KRW (597 billion dollars) 2027. If telemedicine becomes institutionalized, it can be expected that the demand for digital health care will increase.
- Non-face-to-face treatment (telemedicine)
Telemedicine, which started due to Corona, reached 2.65million cases and 1.32million people wore the telemedicine from February 2020 to September 2021. 57.1% agreed to introduce telemedicine (non-face to face) and intention to use was shown as 70.3%.
Dr.Now (Korea application) operates non-face-to-face treatment through App and also, drug delivery services.
- Handy healthcare
Digital healthcare market is growing based on the Medical wearable market and mobile.
Naver, a major Korean web research company, launched a telemedicine service “Line Doctor” in Japan, Kakao established “Asan Kakao Medical data”: and digital health care service.
Samsung invested in “Alpha Medical”, ”Huma”, fitness healthcare platform “Tera” LG also invested in telemedicine company “Amwell”
- Care platform
The core of digital health care requires a lot of cost because it requires precision and genome analysis for personalized treatment. Thus, The bio-big data is being built mainly by the government. The companies should make better use of the opportunity to utilize such medical big data.
A care platform that provides customized services by collecting scattered medical data Health promotion, health prediction, home training service, mental care service, etc.
‘Korea health management platform; My Healthway app Healthcare service from major Korea insurance companies Korea major health functional food; subscription service
- Monteloeder
Related to this business area. Monteloeder is accumulating a lot of experience in digital tools to access customers personalized with our brand ingredients. Recently, We published study with the Metabolaid app, You can find more information below:
https://www.mdpi.com/2072-6643/14/1/218
For more information, you can contact Jane Lee
Reference _ Incross report https://www.incross.com/insight/news-letter/register/
