South Korea Medical Devices Market 2022-2027

    Multi User License - $2,500

    In Stock

    Coming soon

    SOUTH KOREA MEDICAL DEVICES MARKET

     

    INTRODUCTION

    Unlike a pharmaceutical or biologic, a medical device achieves its goal through physical, structural, or mechanical action rather than through chemical or metabolic action within or on the body.

    Infographics-South Korea Medical Devices Market, South Korea Medical Devices Market Size, South Korea Medical Devices Market Trends, South Korea Medical Devices Market Forecast, South Korea Medical Devices Market Risks, South Korea Medical Devices Market Report, South Korea Medical Devices Market Share

     

    It can be an instrument, apparatus, implant, machine, tool, in vitro reagent, or other similar item that is intended to diagnose, prevent, mitigate, treat, or cure disease or other conditions.

     

    Medical technology is evaluated by the US Food and Drug Administration (FDA) based on patient risk, with greater risk items requiring more clinical proof than lower risk products. Only products that meet FDA regulations are allowed on the US market.

     

    These tools aid in patient diagnosis and treatment, enhancing quality of life and assisting patients in overcoming disease or illness.

     

     

    SOUTH KOREA MEDICAL DEVICES MARKET SIZE AND FORECAST

     

    The South Korea Medical Devices market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

     

    MARKET DYNAMICS

    To increase the medical device industry’s competitiveness, South Korean ministries will collaborate.

     

    A combined medical device R&D initiative has been launched, according to the announcement from the Ministry of Trade, Industry and Energy (MOTIE), the Ministry of Science and ICT, the Ministry of Health and Welfare, and the Ministry of Food and Drug Safety.

     

    By seizing the chance of growing confidence in Korean-made medical technology and healthcare services, the project seeks to boost the development of the medical device industry.

     

    The project comprises the selection of strategic products to boost market share, the development of fundamental technologies to fortify the value chain, the creation of novel products to snare new markets, and regulatory support.

     

    For the purpose of treating infectious diseases like COVID-19, the government will fund scientists and engineers as they create vital technology such as ventilators, extracorporeal membrane oxygenation (ECMO), and in vitro diagnostic tools for respiratory ailments.

     

    The personal ECG device manufactured by medical AI company VUNO has been approved by the South Korean Ministry of Food and Drug Safety. The portable medical equipment, known as Hativ Pro, merely measures a user’s heart rate and transmits this information via a connected mobile phone app.

     

    For doctors and medical facilities, VUNO has been providing a selection of AI-based medical solutions. With the most recent government certification, VUNO may now get closer to providing customers with AI medical equipment.

     

    The business anticipates launching its integrated health management brand, Hativ, in the near future. Hativ will provide consumers AI-powered home medical devices that enable daily health management and early identification of chronic diseases.

     

    VUNO keeps advancing its ECG-based medical AI business, which it says has “great promise as a biomarker for numerous cardiovascular illnesses.”

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per  South Korea Medical Devices market  right now and how will it change in next 5-6 years? 
    2. Average cost to set up a  Medical Devices market  in South Korea?
    3. How many South Korea Medical Devices market  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally? 
    5. Cost breakup of a  South Korea Medical Devices market  and key vendor selection criteria
    6. Where is the South Korea Medical Devices market  manufactured? What is the average margin per equipment?
    7. Market share of South Korea Medical Devices market  manufacturers and their upcoming products
    8. The most important planned  South Korea Medical Devices market  in next 2 years
    9. Details on network of major South Korea Medical Devices market  and pricing plans
    10. Cost advantage for OEMs who manufacture South Korea Medical Devices market  in-house
    11. 5 key predictions for next 5 years in South Korea Medical Devices market
    12. Average B-2-B South Korea Medical Devices market price in all segments
    13. Latest trends in South Korea Medical Devices market, by every market segment
    14. The market size (both volume and value) of South Korea Medical Devices market in 2022-2027 and every year in between?
    15. Global production breakup of South Korea Medical Devices market, by suppliers and their OEM relationship

     

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

    0
      0
      Your Cart
      Your cart is emptyReturn to Shop