We are providing integrated support to establish government policies and professional manpower training programs for universities, specialized in medical device studies, while promoting the medical device industry.
Moreover, our duty is to establish and operate total information systems while focusing on expanding the overseas markets and supporting marketing activities in the medical device industry.
We conduct the following activities in the medical device industry:
- Supporting trials of domestic medical devices in large hospitals
- Supporting overseas market expansion by operating consultative groups for export marketing of medical devices
- Supporting universities specialized in developing medical devices
- Supporting the fitness-for-service assessment of medical devices
Medical device market of Korea is characterized by great diversity. Korean medical device companies have penetrated international markets, and over 300 Korean companies have over 5,000 products certified by the US FDA. Korean medical devices are being sold in 198 countries worldwide and the demand for them is rapidly increasing each year.
Top 20 Export Items of Korea, 2016
|
№ |
Items |
Amount (USD) |
% |
|
1 |
Ultrasound Imaging Systems |
519,296 |
17.8 |
|
2 |
Dental Implants |
175,795 |
6.0 |
|
3 |
Soft Contact Lenses |
149,385 |
5.1 |
|
4 |
Biomaterial |
139,074 |
4.8 |
|
5 |
Medical Imaging Systems and Software |
128,797 |
4.4 |
|
6 |
Blood Sugar Test Strips |
125,877 |
4.3 |
|
7 |
Medical Probes |
116,014 |
4.0 |
|
8 |
High-risk Transfectant Immunity Analyzing Products |
107,866 |
3.7 |
|
9 |
Laser Surgery Equipment |
78,282 |
2.7 |
|
10 |
Digital X-Rays |
77,807 |
2.7 |
|
11 |
CT System |
63,555 |
2.2 |
|
12 |
Personal Healters |
62,828 |
2.2 |
|
13 |
Stents |
45,495 |
1.6 |
|
14 |
IVD reagents for Clinical Immunochemistry |
35,402 |
1.2 |
|
15 |
HIV.HBV.HCV.HTLV IVD reagents for Clinical Immunochemistry |
305,29 |
1.2 |
|
16 |
Ophthalmic Refractometer |
32,205 |
1.1 |
|
17 |
Ody Fat/Lean Ratio Analyser |
31,171 |
1.1 |
|
18 |
Syringes |
30,746 |
1.1 |
|
19 |
Spinal Internal Fixation System |
29,026 |
1.0 |
|
20 |
Ultrasonic Surgical |
27,172 |
0.9 |
Source: Report on Medical Device Production, Export & Import Report, MFDS
Top 10 Korea’s Medical Devices Exporting Destinations, 2016 (Exporting to over 198 nations)
|
№ |
Country |
Amount (USD) |
% |
|
1 |
USA |
500,702 |
17.1 |
|
2 |
China |
445,124 |
15.2 |
|
3 |
Germany |
250,645 |
8.6 |
|
4 |
Japan |
200,131 |
6.9 |
|
5 |
India |
98,985 |
3.4 |
|
6 |
Russia |
95,602 |
3.3 |
|
7 |
Iran |
66,11 |
2.3 |
|
8 |
Italy |
62,717 |
2.1 |
|
9 |
Brazil |
59,42 |
2.0 |
|
10 |
UK |
57,391 |
2.0 |
|
Total |
2,494,097 |
85.4 |
|
Source: Report on Medical Device Production, Export & Import Report, MFDS
In addition to the advanced medical technologies, Korea is pioneering the molecular diagnostic research, which is key to development of personalized medicine.
Korean companies are offering superior technologies for molecular diagnostics, including:
- IVD Regents for infectious diseases and drug resistance
- Molecular technology for prognostics of cancers (breast, lung, colorectal etc.)
- Biomarkers for cancer, cardiovascular, cerebral nerve, autoimmune and infectious diseases
- Automated nucleic acid extraction systems
- Automated PCR setup platforms
- Real-time PCR equipment
- Auto-Electrophoresis equipment
Medical device directory 2020 Download PDF file