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Medical Device Industry Information

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Status of the Korea Medical Device Market

home Medical Device Industry Information Status of the Korea Medical Device Market

Status of the Korea Medical Device Market (2017~2021)

(Unit : 1000 USD, %)

division, 2017, 2018, 2019, 2020, 2021, CAGR (17~21)
division 2017 2018 2019 2020 2021 CAGR (17~21)
Productions (A) 5,149,407 5,917,600 6,244,914 8,589,284 11,257,323 16.9%
(14.92%) (5.53%) (37.54%) (31.06%)
Exports (B) 3,164,210 3,610,213 3,709,929 6,636,575 8,628,513 22.2%
(14.10%) (2.76%) (78.89%) (30.01%)
Imports (C) 3,495,526 3,888,991 4,159,915 4,429,811 5,352,654 8.9%
(11.26%) (6.97%) (6.49%) (20.83%)
Trade Balance (D) -331,316 -278,778 -449,986 2,206,764 3,275,860
Market Size (F) 5,480,723 6,196,378 6,694,900 6,382,521 7,981,464 7.8%
(13.06%) (8.05%) -(4.67%) (25.05%)
Share of Imports (G, %) 63.78 62.76 62.14 69.41 67.06 7.8%
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/dd>

Top 10 Products

(Unit : 1000 USD, %)

Top 10 Products
Rank Item 2020 2021 Change %
productions Rank productions Rank
1 IVD reagents for infectious disease marker, immunological method 883,731 2 1,758,497 1 98.99
2 implant, endosseous, fixture 871,771 3 1,262,370 2 44.81
3 IVD reagents for infectious disease marker, molecular diagnostics 1,209,022 1 1,007,834 3 -16.64
4 Ultrasound imaging system, general-purpose 365,702 4 497,439 4 36.02
5 implant, endosseous, superstructure 289,335 5 482,252 5 66.68
6 Graft/prosthesis, biomaterial 164,079 7 263,155 6 60.38
7 IVD reagent for infectious disease, immunological method 0 - 239,741 7 -
8 IVD reagents for extracting nucleic acids 224,943 6 202,356 8 -10.04
9 Soft contact lens, daily-wear 166,144 7 188,813 9 13.64
10 implant, endosseous, hand instrument 127,978 10 182,871 10 42.89

References: MFDS, Medical Devices Productions, Exports and Imports Report, Every year, Top 10 Products Division, 2020, 2021