Key Market Indicators
South Korea's medical technology density is projected to rise to approximately 2,510 units by 2028, up from around 2,260 units in 2023. This growth represents a compound annual growth rate (CAGR) of 1.7%. Since 1998, the country's supply in this sector has increased by an average of 2.5% annually. In 2023, South Korea ranked fourth globally in terms of medical technology density. Italy slightly surpassed South Korea with an equivalent figure of 2,260 units. Russia and Italy took the second and third spots, respectively, in this ranking.
