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Medical Device Industry Information

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Status of the Korea Medical Device Market

Status of the Korea Medical Device Market (2015~2019)

(Unit : 1000 USD, %)

division, 2015, 2016, 2017, 2018, 2019, CAGR (15~19)
division 2015 2016 2017 2018 2019 CAGR (15~19)
Productions (A) 4,420,382 4,828,146 5,149,407 5,993,774 6,244,914 9.84%
-12.03 -3.93 -13.25 -10.38
Exports (B) 2,710,715 2,918,523 3,164,210 3,610,214 3,709,929 8.97%
-10.43 -5.65 -11.01 -8.87
Imports (C) 2,944,056 3,151,367 3,495,526 3,888,992 4,159,915 9.84%
-9.79 -8.09 -8.25 -13.32
Trade Balance (E) -233,342 -232,844 -331,316 -278,779 -449,986
-2.34 -38.65 -18.13 -71
Market Size (F) 4,653,724 5,060,990 5,480,722 6,272,553 6,694,900 10.34%
-11.54 -5.53 -11.36 -13.07
Share of Imports (G) 63.3 62.27 63.78 62 62.14  
  • Notes:
    • 1. Values are indicated in ( ) = % Change
    • 2. Market Size (F) = (A)-(B)+(C) ; Trade Balance (E) = (B)-(C) ; Share of Imports (G) = (C)/(F)×100
  • References: MFDS, Medical Devices Productions, Exports and Imports Report, Every year

Top 10 Products

(Unit : 1000 USD, %)

Top 10 Products
Rank Item 2018 2019 Change %
Productions Percentage
of Total
Rank Productions Percentage
of Total
Rank
1 Implants, endosseous, fixture 684,726 11.40% 1 844,365 13.50% 1 30.64
2 Ultrasound imaging systems for general-purpose 476,830 8.00% 2 403,729 6.50% 2 -10.3
3 Implants, endosseous, superstructure 290,591 4.80% 3 324,223 5.20% 3 18.2
4 Graft/prosthesis, biomaterial 206,378 3.40% 4 208,938 3.30% 4 7.25
5 Soft contact lens, daily-wear 200,051 3.30% 5 206,964 3.30% 5 9.6
6 Implants, endosseous, hand instrument 148,650 2.50% 7 152,482 2.40% 6 8.67
7 Dental X-ray system, panoramic/tomographic, digital 81,581 1.40% 10 135,031 2.20% 7 75.35
8 Medical imaging systems, analog-to-digital transformation, DR, CR 113,657 1.90% 8 122,804 2.00% 8 14.46
9 Heating pad systems under/overlay, electric, home use 77,513 1.30% 11 89,193 1.40% 9 21.9
10 IVD reagents for self testing Ⅱ 92,149 1.5% 6 81,890 1.3% 10 -5.85

References: MFDS, Medical Devices Productions, Exports and Imports Report, Every year, Top 10 Products Division, 2018, 2019