Medical Device In KOREA

busan night scene, bridge, busan

Korea’s medical device market ranks as the ninth largest in the world at an estimated 6.8 billion USD in 2018, showing continuous grow with 8.1% annual increase.

 

Korea has become a clinical trial powerhouse for various innovative medical devices with the accelerated clinical trial approval system and ISO 14155 compliance.

 

 

There are a total of 166 clinical trial centers designated by MFDS, providing diverse and robust environments for clinical trials.

Korean medical device market size

Clinical Trial approvals

Pathways

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