The South Korean medical devices market has expanded significantly in recent years; from USD 4.2 billion in 2013 to USD 5.5 billion in 2017. Production, exports and imports are all on the rise too, as the below chart shows.
The Top 10 export and import destinations for Korean medtech. The leading export destinations are the USA and China, while by far and away the leading origin for imports is the USA.
The top exports and imports for Korean medtech by continent for 2017.
The most exported items in Korean medtech – ultrasound imaging systems lead the way, making up a full 17.4% of all medtech exports.
The most imported items in Korean medtech include contact lenses, cornary artery stends and disposable dialysers.
Stay tuned for our upcoming report: Healthcare & Life Sciences: Korea