In 2023, the market size of the medical device market in South Korea fell to around 10.7 trillion South Korean won. This represents a decrease of almost 10 percent compared to the previous year. Overall, this market has enjoyed steady growth over the past years.
Size of the medical device market in South Korea from 2013 to 2023
(in trillion South Korean won)
1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euros as of August 2024.
The source did not provide a date of publication. The date used here is the access date.
In order to calculate the size of the medical device market, the following formula was applied: Market size = (Production value) - (Export value) + (Import value)
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KMDIA. (August 28, 2024). Size of the medical device market in South Korea from 2013 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA. "Size of the medical device market in South Korea from 2013 to 2023 (in trillion South Korean won)." Chart. August 28, 2024. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA. (2024). Size of the medical device market in South Korea from 2013 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA. "Size of The Medical Device Market in South Korea from 2013 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 28 Aug 2024, https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA, Size of the medical device market in South Korea from 2013 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/ (last visited December 25, 2024)
Size of the medical device market in South Korea from 2013 to 2023 (in trillion South Korean won) [Graph], KMDIA, August 28, 2024. [Online]. Available: https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
