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South Korea Medical Devices Report Q2 2016

South Korea Medical Devices Report Q2 2016

BMI View: South Korea will be one of the slower growing markets within BMI's Asia Pacific region,although it will still outperform other mature markets such as Japan, New Zealand and Australia. Medicaldevice imports will come under further pressure from locally produced products in certain sectors.

Although the domestic manufacturing industry remains fragmented, the number of producers has more thandoubled in recent years and domestic output will continue to see steady growth as South Korea seeks tofurther reduce its reliance on imported products, whilst boosting its share of the global market.

Latest Updates and Key Forecasts

We forecast that the market will register a 2014-2019 CAGR of 5.2% in US dollar terms, taking the valuefrom USD5.4bn to USD7.0bn. The market will see low single-digit growth in 2015, with higher midsingledigit growth from 2016. South Korea will remain the third largest medical device market in theAsia Pacific (APAC) region behind Japan and China.

We expect imports will see low to mid single-digit growth in US dollar terms in 2016. Import growth willbe higher in local currency terms as the Korea won continues to experience depreciatory pressure againstthe US dollar in the near term. Imports grew by 3.9% to USD3.1bn in 2015. We anticipate that the importshare of the market will continue to decline from around 55%.


BMI Industry View
Table: Projected Medical Device Market, 2014-2019
Latest Updates and Key Forecasts
SWOT
Medical Device Market
Industry Forecast
Medical Device Market Forecast
Latest Updates
Structural Trends
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2009-2019 (USDmn)
Table: Consumables Market, 2010-2019 (USDmn, % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
Dental Products Market Forecast
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2009-2019 (USDmn)
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2009-2019 (USDmn)
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2009-2019(USDmn)
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
Annual Medical Device Imports
Table: Medical Imports By Product Area, 2010-2014 (USD000s)
Table: Summary Medical Imports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2014
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Export Trends By Product Area, 2014
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
Industry Risk/Reward Index
Table: APAC Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Healthcare System
Healthcare Funding
Table: Medical Expenditure By Age Group, 2009-2014 (KRW100mn)
Healthcare Resources
Table: Inpatient Facilities by Type, 2008-2013
Table: Diagnostic Imaging Technology By Type, 2008-2013 (Units)
Table: Selected Diagnostic Imaging Technology By Provider, 2013 (Units)
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Industry Trends & Developments
Table: Medical Device Imports, Leading Suppliers, 2010-2015 (USDmn)
Table: Medical Device Exports, Leading Destinations, 2010-2015 (USDmn)
Regulatory Development
Medical Device Regulations
Competent Authority
Regulations
Registrations
Market Vigilance
Medical Device Pricing & Reimbursement
Pricing
Reimbursement
Health Technology Assessment
Competitive Landscape
Domestic Medical Device Production
Table: Medical Device Production Trends (KRWbn) 2009-2014
Table: Medical Device Production By Broad Product Area, 2009-2014 (KRWbn)
Table: Medical Device Production By Broad Product Area, 2009-2014 (USDmn)
Table: Top 20 Medical Device Products By Category, 2009-2014 (KRWmn)
Table: Medical Device Production By Category, 2008-2012 (KRWmn)
Table: Medical Device Production By Category, 2008-2012 (USDmn)
Domestic Medical Device Manufacturing
Table: Medical Device Manufacturers, 2006-2014
Table: Medical Device Manufacturers By Company Size, 2014
Table: Medical Device Manufacturers By Output Value, 2014
Table: Medical Device Manufacturers By Region, 2014
Table: Top 20 Medical Device Manufacturers By Output Value, 2010-2014, KRWmn
National Medical Device Manufacturers
Corentec
Table: Corentec Key Financials, 2010-2014 (KRWmn)
Table: Corentec Revenues By Product Area, 2011-2014 (KRWmn)
CU Medical Systems
Table: CU Medical Systems, Key Financials, 2010-2014 (KRWmn)
Table: CU Medical Systems, Sales By Product Area, 2012-2014 (KRWmn)
Genoss
Hanshin Medical
JW Medical
Listem
Mediana
MegaGen
Osstem Implant
Table: Osstem Implant Key Financials, 2010-2014 (KRWmn)
Royal Medical
S M Medical
Samsung Medison
Table: Samsung Medison Key Financials, 2011-2014 (KRWmn)
Table: Samsung Medison Revenues By Product Area, 2011-2014 (KRWmn)
Sam Yang
Sewoon Medical
Table: Sewoon Medical Key Financials, 2010-2014 (KRWmn)
Table: Sewoon Medical Revenues By Product Area, 2011-2014 (KRWmn)
Shinhung
Table: Shinhung Key Financials, 2010-2014
Table: Shinhung Revenues By Product Area, 2011-2014 (KRWmn)
Sometech
Taewoong Medical
Vatech Group
Table: Vatech Key Financials, 2010-2014
Table: Vatech Revenues By Product Area, 2012-2014 (KRWmn)
Vatech Rayence
Wonju Medical Industry Techno Valley
Table: Wonju Medical Equipment Techno Valley, Key Statistics, 2005-2015
Table: Wonju Medical Equipment Techno Valley Selected Manufacturers
Multinational Medical Device Manufacturers
Becton Dickinson
Baxter Gambro
GE Healthcare
Siemens Ultrasound Systems Korea
Multinational Market Activity
Table: Multinational Activity Table, 2016
Medical Device Market Access
Market Environment
Distribution
Customs Duties
Free Trade Agreements
Trade Associations
Trade Fairs
Methodology
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Table: Medical Devices Risk/Reward Index Indicators
Sources
Contact

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