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Reportlinker Adds The Outlook for Medical Devices in North East Asia
Date:6/21/2011

ian Tigers', with an estimated 55% funded by the public sector.

-The government has been forced to implement cost-cutting measures in recent years, owing to a large deficit faced by the healthcare system. This problem is exacerbated by a rapidly ageing population.

-From a regulatory and legal point of view, the market is generally regarded as 'difficult'. It remains to be seen, but the situation should improve since the FTA was signed with the USA in 2007, which calls for more transparency especially in the pricing & reimbursement.

-South Korea is predominantly supplied by imports, largely from the USA, Germany and Japan. Imports of medical devices have grown strongly in recent years, growing by 94% over five years to reach US$2.4 billion in 2007.

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Managed care Industry: The Outlook for Medical Devices in North East Asia

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Nicolas Bombourg
Reportlinker
Email: nbo@reportlinker.com
US: (805)652-2626
Intl: +1 805-652-2626


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