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

 

 


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