Korea’s medical device industry grows 12 percent in 2016
19-May-17, Business Korea
The Ministry of Food & Drug Safety of South Korea announced that local medical device output reached KRW5.6 tn (USD5 bn) in 2016 with a year-on-year growth of 12%. The growth rate of the manufacturing sector as a whole was 2.3% during the same period.
%20Business%20Korea.jpg "Koreas medical device industry grows 12 percent in 2016 (c) Business Korea")
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Dental implant production totaled KRW841 bn (USD756 mn), followed by ultrasonic imaging equipment at KRW460 bn (USD414 mn) and tissue repair biomaterial filler at KRW189 bn (USD169 mn).
Filler production jumped 73% as more people became interested in beauty care, and dental implant production increased by 30% as national health insurance coverage was extended.