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Korea

Korea Country Info Market Info

Country Infomation

Over the last 50 years, Korea’s economic and social progress has transformed it from a poor agrarian state to a first-world country and an important economic power. Today, Korea ranks among the world's leading economies, with a population of close to 50 million and its overall GDP at an estimated US$1,212 billion in 2013 (equal to US$24,843 per capita) among the top 15 in the world. Hence, a majority of the country’s population expects to receive a high level of medical care.
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Market Info

The Korean medical device market was valued at US$5.1bn in 2013, making it the 13th largest medical device market globally and the third largest in the Asia Pacific (APAC) region after Japan and China.
Around 2,000 medical device manufacturing companies exist in Korea, with particular strength in ultrasound apparatus, dental products, therapy apparatus and consumables. About 60% of the market consists of imported products (in 2013, imported medical devices made up about 70% of all reimbursed devices and diagnostics).
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KIMES 2019

Date: 14 Mar 2019 - 17 Mar 2019
Location: Seoul, Korea
E-mail & web: Visit website
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