South Korea’s government is attempting to successfully execute a belated but ambitious COVID-19 vaccination strategy. The government will attempt to achieve the full rollout of expanded public funding (and reimbursement rates) that predated the COVID-19 crisis.

FrontierView’s most recent Quarterly Healthcare Market Review explores several key healthcare market developments:

  • South Korea’s late push to its vaccination plan will delay achieving herd immunity
  • The Government’s ambitious public healthcare expansion has led to significant opposition
  • Reduced health expenditures have left the NHIS in stronger fiscal shape

According to our latest review, South Korea remains a solid bet for demand recovery for global healthcare companies. However, the pricing and reimbursement environment will be a challenge for pharmaceutical and medical device companies since The Moon administration has an ambitious healthcare agenda, committed to expanding access and improving out-of-pocket (OOP) pressures.

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