Business Strategy for Medical Devices in Korea

The market for medical devices in Korea is approximately $2.8 billion, compared to $25 billion in Japan.

Western medical device companies are using multiple strategies in Korea today. While a number of foreign manufacturers are selling or planning to sell their medical devices in Korea, others are sourcing/manufacturing, doing R+D, and performing clinical trials. Should a foreign medical device company set up a representative office, branch office, joint venture, or a subsidiary in Korea today?

PBM will study the various opportunities for your medical device products and come up with the best strategy for you.

For more information on developing your Korea business strategy, please see the following PBM publications and/or contact us to discuss your specific needs.

Medical Device Registration in Korea: An Overview
Managing Asian Cultural Diversity: Cross-Cultural Issues in Asia (webcast for sale)
Key Asian Medical Regulatory Issues
Opportunities in the South Korean Medical Market