|
|
 |
|
Viewing report
|
|
|
|
The Outlook for Medical Devices in North East Asia
Espicom Business Intelligence Ltd, Feb 2012
Espicom estimates the South Korean medical market to achieve an annual growth of 10%. Based on this rate, the market will be worth US$8 billion by 2016. This makes it one of the world’s top 15 markets.
South Korea has the highest healthcare expenditure of all the ‘Asian Tigers’, with an estimated 55% funded by the public sector.
The government has been forced to implement cost-cutting measures in recent years, owing to a large deficit faced by the healthcare system. This problem is exacerbated by a rapidly ageing population.
South Korea’s FTA with the European Union (EU) is being finalised, and this will facilitate increased trade with the easing of tariff and non-tariff barriers between the two parties. Bilateral trade reached US$98.4 billion in 2008. The EU is South Korea’s second largest trading partner after China and its largest foreign investor. South Korea is the EU’s eighth largest trade partner.
South Korea is predominantly supplied by imports, largely from the USA, Germany and Japan. Imports of medical devices have grown strongly in recent years, at a CAGR of 7% over five years to reach US$2.1 billion in 2009.
More Information...
Four key markets covered
Highly-detailed analysis providing comprehensive quarterly-updated reports for leading markets in the region:
China
Japan
South Korea
Taiwan
MARKET OUTLOOK
Key national data projections
Current market size
Unique 5-year market projections
Market outlook
Market structure
Including statistical data on imports and exports
Market access
Including distribution and medical device regulation
Healthcare analysis
Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel
HEALTHCARE DATA
A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.
DISTRIBUTORS
Details of the medical equipment distributors held in Espicom’s database at the time of publication.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
