1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
  4. > The Medical Device Market: South Korea

The Medical Device Market: South Korea

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 188 pages

OVERVIEW OF THE MEDICAL MARKET IN SOUTH KOREA
South Korea ranks as one of the world's leading economies, with a population approaching 50 million and overall GDP listed among the top 15 in the world at an estimated US$1,212 billion in 2013, equal to US$24,843 per capita, As a result, much of the population expects a high level of medical care

The economy is expected to grow at a real rate of 3 0% in 2013, having grown by an estimated 1 9% in 2012 Growth over the following five years is forecast to average 4 6% South Korea's future economic growth is likely to be tempered by a shrinking workforce due to the rapidly ageing population and by increasing competition from China as a low-cost manufacturing base

South Korea has the highest healthcare expenditure of all the 'Asian Tigers', with an estimated 59% funded by the public sector Almost every citizen is covered by the country's public health insurance system The government has been forced to implement cost-cutting measures in recent years, owing to a large deficit faced by the healthcare system Healthcare costs continue to rise, with the country's rapidly aging population adding upward pressure to total spending

South Korea is well provided for in terms of hospital facilities which are primarily operated by the private sector There has been a rapid expansion in the number of beds over the past decade and overall provision in hospitals and medical clinics now exceeds 9 0 beds per thousand population, including 5 2 acute hospital beds per thousand population In recent years, attention has turned to the provision of long term care beds for the elderly and chronically sick to free up space in general hospitals

From a regulatory and legal point of view, the market is generally regarded as 'difficult' Government policies are often not transparent, and there is a large degree of favouritism towards local manufacturers It remains to be seen, but the situation should improve as a result of the Free Trade Agreements signed with the European Union and the USA, which call for more transparency especially in the pricing & reimbursement of medical devices


PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH

Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format Each report provides in-depth information, setting the medical equipment market in context The reports provide:

Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom’s unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market



MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS


At no additional cost, all customers get access to Espicom Interactive This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort

Full text cross file searching with fast response or intuitive “drill down” into the content
Presentation-ready tables and graphics with “one click” output to other packages such as MS Excel™ and MS PowerPoint™
View all tables and graphs independently from the text
Split screen for more efficient working
Instant machine translation into nine languages
A “Cut your own” report building feature
Pdf download

WITH THIS MARKET REPORT YOU CAN

Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
Profile the market for new product, licences or collaborations
Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment

Table Of Contents

The Medical Device Market: South Korea
Espicom Industry View 9
SWOT 11
Medical Device Market 11
Political 12
Economic 13
Business Environment 14
Industry Forecast 15
Medical Device Market Forecast 15
Past Performance 2008-2013 15
Future Performance 2013-2018 16
Table: Projected Medical Device Market, 2013-2018 17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 23
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 26
Table: Detailed Medical Device Market By Product Area, 2009-18 (US$mn, % Change) 29
Consumables Market Forecast 32
Table: Consumables Market, 2008-2018 (US$mn) 33
Table: Consumables Market, 2008-2018 (US$ Per Capita) 34
Table: Consumables Market, 2008-2018 (US$mn, % Change) 35
Diagnostic Imaging Market Forecast 37
Electrodiagnostic Sector 38
Radiology Sector 38
Imaging Parts and Accessories Sector 39
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 39
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 41
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change) 42
Dental Products Market Forecast 44
Table: Dental Products Market, 2008-2018 (US$mn) 45
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 46
Table: Dental Products Market, 2009-2018 (US$mn, % Change) 47
Orthopaedics and Prosthetics Market Forecast 49
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 51
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 51
Table: Orthopaedics and Prosthetics Market, 2009-2018 (US$mn, % Change) 52
Patient Aids Market Forecast 53
Table: Patient Aids Market, 2008-2018 (US$mn) 54
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 55
Table: Patient Aids Market, 2009-2018 (US$mn, % Change) 55
Other Medical Devices Market Forecast 57
Table: Other Medical Devices Market, 2008-2018(US$mn) 58
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 59

Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change) 60
Annual Medical Device Imports 63
Table: Summary Medical Imports By Product Area, 2008-2012 (US$000s) 66
Table: Summary Medical Imports By Product Area, 2008-2012 (US$000s, % Change) 67
Table: Summary Medical Imports By Product Area, 2008-2012(Local Currency 000s) 68
Table: Summary Medical Imports By Product Area, 2008-2012 (Local Currency % Change) 69
Table: Summary Medical Imports By Product Area, 2008-2012 (% Distribution) 71
Table: Leading Medical Equipment Suppliers By Product Area, 2012 (US$000s) 73
Table: Leading Medical Device Suppliers By Product Area , 2012 (% Distribution) 74
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 76
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 77
Table: Detailed Medical Device Import Trends By Product Area, 2012 80
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 83
Monthly Medical Device Imports 87
Table: Monthly Medical Device Imports By Product Area, September 2010 - August 2013 (US$mn) 87
Annual Medical Device Exports 89
Table: Medical Device Exports By Product Area (US$000s) 91
Table: Medical Device Exports By Product Area (US$000s, % Change) 92
Table: Medical Device Exports By Product Area (Local Currency 000s) 93
Table: Medical Device Exports By Product Area (Local Currency 000s, % Change) 94
Table: Medical Device Exports By Product Area (% Distribution) 96
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 98
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 99
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 101
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) 102
Table: Detailed Medical Device Export Trends By Product Area, 2012 105
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 108
Table: Detailed Medical Device Balance of Trade, 2008-2012 (US$000s) 111
Monthly Medical Device Exports 115
Table: Monthly Medical Device Exports By Product Area, September 2010 - August 2013 (US$mn) 115
Macroeconomic Forecasts 117
Economic Analysis 117
Strong Downside Pressures in 2014 118
Table: South Korea - Economic Activity 120
Industry Risk Reward Ratings 121
Industry Risk Reward Ratings 121
Table: Espicom Analysis of the Medical Device Market, 2013 121
Market Overview 123
Medical Device Market Overview 123
Overview 123
Table: Medical Device Market, Key Ratios, 2013 124
The Market In 2013 124
Table: Medical Device Market By Category, 2013 125
Healthcare Overview 126
Healthcare System 126
Healthcare Developments 127

Health Insurance 129
Table: Financial Status Of The Health Insurance System, 2007-12 (KRW100mn) 131
Health Expenditure 131
Medical Device Technology 132
Table: Medical Device Technology By Type, 2005-2012 (Units) 132
Table: Medical Device Technology By Type, 2005-2012 (Rate / mn population) 134
Key Data 135
Table: Key Data, 2008-2013 135
Industry Trends And Developments 138
Industry Trends and Developments 138
Table: Medical Device Production Trends (KRWbn) 2008-2012 141
Table: Medical Device Production By Broad Product Area, 2018-2012 (US$mn) 141
Table: Medical Device Company Revenue Growth, 2008-2013 142
Regulatory Development 145
Medical Device Regulations 145
Medical Device Pricing and Reimbursement 148
Competitive Landscape 151
Domestic Medical Device Production 151
Table: Medical Device Production By Broad Product Area, 2018-2012 (KRWmn) 151
Table: Medical Device Production By Broad Product Area, 2018-2012 (US$mn) 152
Table: Medical Device Production By Category, 2008-2012 (KRWmn) 152
Table: Medical Device Production By Category, 2008-2012 (US$mn) 154
Table: Top 40 Medical Device Products By Category, 2009-2012 (KRWmn) 156
Table: Top 10 Medical Device Producers By Category, 2011 (KRWmn) 157
Domestic Medical Device Manufacturing 158
Table: Medical Device Manufacturers, 2005-2012 158
Table: Medical Device Manufacturers By Company Size, 2012 158
Table: Medical Device Manufacturers By Output Value, 2012 159
National Medical Device Manufacturers 160
Table: Corentec Key Financials, 2010-2013 161
Table: Corentec Revenues By Product Area, 2009-2013 (KRWmn) 162
Table: CU Medical Systems, Key Financials, 2010-2013 163
Table: Osstem Implant Key Financials, 2010-2013 165
Table: Sewoon Medical Key Financials, 2010-2013 168
Table: Sewoon Medical Revenues By Product Area, 2010-2012 (KRWmn) 168
Table: Shinhung Key Financials, 2010-2013 169
Table: Shinhung Revenues By Product Area, 2011-2013 (KRWmn) 170
Table: Vatech Key Financials, 2010-2013 171
Table: Wonju Medical Equipment Techno Valley, Key Statistics, 2005-2015 173
Table: Wonju Medical Equipment Techno Valley Selected Manufacturers 173
Multinational Medical Device Manufacturers 174
Multinational Market Activity 176
Table: Multinational Activity Table, 2013 176
Medical Device Market Access 178
Market Environment 178

Distribution 178
Customs Duties 179
Free Trade Agreements 179
Trade Associations 179
Trade Fairs 180
Methodology 181
Table: Used HS Trade Codes, 2013 182
Table: Rearranged HS Trade Codes, 2013 184

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Global Markets for Emerging Medical Device Technologies

Global Markets for Emerging Medical Device Technologies

  • $ 6650
  • Industry report
  • September 2016
  • by BCC Research

This BCC Research report provides analyses of emerging technologies and devices within the medical devices and diagnostics market. This includes information about new emerging technologies, medical devices, ...

South Korea Healthcare IT Market Outlook to 2022 - Clinical IT Systems, Medical Imaging Information Systems, Remote Patient Monitoring, Neonatal Monitors, Fetal Monitors, Blood Pressure Monitors, Micro-Electromechanical Sensors, Multiparameter Patient Mon

South Korea Healthcare IT Market Outlook to 2022 - Clinical IT Systems, Medical Imaging Information Systems, Remote Patient Monitoring, Neonatal Monitors, Fetal Monitors, Blood Pressure Monitors, Micro-Electromechanical Sensors, Multiparameter Patient Mon

  • $ 5995
  • Industry report
  • November 2016
  • by Global Data

South Korea Healthcare IT Market Outlook to 2022 - Clinical IT Systems, Medical Imaging Information Systems, Remote Patient Monitoring, Neonatal Monitors, Fetal Monitors, Blood Pressure Monitors, Mic ...

MediPoint: Infectious Disease Point of Care Testing - Global Analysis and Market Forecasts

MediPoint: Infectious Disease Point of Care Testing - Global Analysis and Market Forecasts

  • $ 5995
  • Industry report
  • September 2016
  • by Global Data

MediPoint: Infectious Disease Point of Care Testing - Global Analysis and Market Forecasts Summary Point-of-care testing (POCT), as known as bedside/near-patient testing is one of the most rapidly growing ...


ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.