Manufacturers Service

Korea Medical Devices Industrial Coop. Association (KMDICA)

7F, Deoksan-Bldg., #119, Seongsui-ro, Seongdong-gu , 04794 Seoul
Korea, Republic

Telephone +82 2 4670350, +82 70 88923833
Fax +82 2 4671428
hyi@medinet.or.kr

This company is main exhibitor of

Trade fair hall

  • Hall 6 / H37
 Interactive Plan

Hall map

MEDICA 2016 hall map (Hall 6): stand H37

Fairground map

MEDICA 2016 fairground map: Hall 6

Our range of products

Product categories

  • 07  Medical Services and Publications
  • 07.02  Further education and training

Further education and training

  • 07  Medical Services and Publications
  • 07.02  Further education and training
  • 07.02.01  Education and further education institutions

Education and further education institutions

Our products

Product category: Further education and training, Education and further education institutions

Korea's medical equipment industry

Korea's medical equipment industry took shape in the early 1970s when X-ray systems were first localized. Before then, consumable medical supplies,such as disposable syringes and bandages, were the major locally produced items. In the 1980s, the governmet launched a successful policy to localize highly advanced diagnostic equipments such as ultrasound diagnostic systems, magnetic resonance imaging (MRI) equipment, computerized tomography (CT) equipment.

Entering the 1990s, the government regarded the medical equipment industry as the strategic area to challenge and has constantly induced local manufacturers to develop new, up-to-date items in the sector. At the moment, high-end items such as digital X-ray systems, MRI, CT and 3-dimensional ultrasound diagnostic systems are being locally produced.

Encouraged by big acceptance from abroad for their technology products, domestic makers are spurring the promotion of their goods to more than 50 countries, including the U.S.A. and European nations.

The rapid development of Korea's electro-medical equipment industry in a short span of time stems from the following facts : first, abundant technical experts were secured by promoting in colleges and graduate schools the relevant subjects such as electronics and medical engineering.

Second, the electronic field in Korea, including semiconductors, industrial electronics and electronic parts, is as fully developed as that in advanced countries.

Third, the nation's economic development resulted in increase in the number of hospitals and swelling demand for medical equipment, creating a large local market. Fourth, domestic makers have successfully made inroads into overseas markets, thanks to their high reliability, thus providing unrivaled business opportunities.

Based on this market environment, domestic electro-medical equiment manufacturers now emphasize continued market exploration in overseas as well as at home.

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About us

Company details

Being entirely ruined by Korean war in 1950, Korea has rapidly industrialized since 1961, when all-our efforts for economic development were first inaugurated. That year, the government systematically arranged mid-and long-term economic development plans, which turned the nation from being a traditional agricultural county into one of industrialized countries.

For instance, Korea's gross national product increased from USD 3.1 billion in 1960 to USD 8.1 billion in 1970 to USD 457.6 billion in 2002 (a 257 fold growth in three decades).

As a sign of its financial success, Korea successfully hosted the 1988 Seoul Oympiad and the 2002 World Cup.

Besides, national product per capita surpassed USD 10,000 in 1995, reaching USD 10,548 in 1996, a 134-fold increase. But the unprecedented economic crisis in 1998 decreased the number to USD 7,000. Despite that, Recorded USD19,231 in 2008, Korea is fastly recovering the difficult situations.

In the mean time, the number of people eligible for medical insurance rose sharply, leading to a steep increase in medical institutions and medical manpower available.

Thus,the pattern of the domestic demand for medical equipment changed dramatically as the national average life span jumped to 75 years in 2007, from 52.3 years in 1960.

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