Korean Health Industry market over the past decade has shown a growth of more than twice.Exports also increased more than four times as per 2013 record of $ 5.76 billion compared to $ 1.5 billion in 2004. Korea Health Industry Development Institute is publishing a report “health industry over the past 10 years and future direction”. According to the report, cosmetics and medical devices market is estimated at 31.3 trillion won with growth more than doubled in 2013 compared to 10 years ago, in 2004. The average annual growth rate was 8%. Health Industry Market growth was 10% since 2004, which since 2009, fell to 5-7% and continues for about 2% growth since the beginning of 2011. Looking at different industries :Pharmaceutical Industry Market has grown to 19 trillion won in 2013 compared to 9,6 trillion in 2004, the medical device industry market has been expanded in 2013 to 4.6 trillion won twice as much as the 2 trillion won in 2004. Cosmetics industry has grown almost two times more than that of 10 years ago, 3.7 trillion won compared to 7.6 trillion won in 2013.
If you wish to sell in South Korea you can contact us for a preliminary discussion. See also our services for the registration of medical devices in South Korea.
