Korean medical equipment makers putting up good show abroad

 20-May-15, Business Korea 

Local medical equipment manufacturers have been performing well, based on their increasing exports, even though growth slowed down last year due to falling foreign exchange rates.

Image: Business Korea

Samsung Medison is currently doing business in not only North America and Europe but also Latin America, Asia, Africa, and the Middle East. The company recorded 284.7 billion won (US$259.9 million) in sales last year, showing a 13.6 percent growth from a year earlier, and 83 percent of those total sales came from overseas. 

Vatech, which is the leading medical imaging system manufacturer with a market share of 80 percent in the domestic dental X-ray equipment segment, has raised its global market share up to 10 percent to rank fifth. 

Ostem Implant, the number one dental implant manufacturer in Korea, is increasing its presence in the Chinese market. At present, Ostem Implant is the largest implant manufacturer in China, with a market share of 35 percent. 

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