In 2022, the market size of the medical device market in South Korea reached around 11.9 trillion South Korean won. This represents an increase of 30 percent from the previous year. Overall, this market has enjoyed steady growth over the past years.
Size of the medical device market in South Korea from 2012 to 2022
(in trillion South Korean won)
Characteristic
Market value in trillion South Korean won
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1,000 South Korean won equals 0.76 U.S. dollars or 0.70 euro as of September 2023.
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. (September 26, 2023). Size of the medical device market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved July 22, 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 2012 to 2022 (in trillion South Korean won)." Chart. September 26, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA. (2023). Size of the medical device market in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA. "Size of The Medical Device Market in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/
KMDIA, Size of the medical device market in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/ (last visited July 22, 2024)
Size of the medical device market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], KMDIA, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/781193/south-korea-medical-device-market-size/