Successful medical device manufacturers South Korea 2023, based on production value

In 2023, Osstem Implant was the leading medical device manufacturer in South Korea with a production value of around 2.1 trillion South Korean won. This made it the only South Korean medical device manufacturer with a production value exceeding one trillion won, setting it far apart from domestic competitors. Other leading manufacturers included Samsung Medison and Dentium. WONTECH and DRGEM managed to break through into the ten biggest manufacturers that year.

Osstem Implant’s domination of the South Korean medical device market

Osstem Implant, founded in 1997 as a subsidiary of Osstem Global Co., Ltd., focuses on manufacturing dental implants, equipment, and other related supplies. The company has managed to increase its sales revenue by around 385 percent between 2014 and 2022, having achieved a revenue of over one trillion South Korean won in the previous year. That same year, international sales exceeded domestic sales, with Osstem selling medical products worth about 505.2 billion won in the larger Asian market.

Dental and medical imaging manufacturers

Many of the leading medical device manufacturers in South Korea specialize in dental products or medical imaging, such as ultrasound or x-ray technology. Both of these product types are among the leading medical devices exported by South Korea. Other in-demand export items tend to be chemicals used for various diagnostic tests.