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Due to an ageing population and rising healthcare costs, the global medical industry is one of the world’s fastest growing industries. The demand for reliable and yet affordable medical technologies are rapidly growing.
Facing an increasingly aging society, Korea is not an exception. And the size of nation’s medical industry is also increasing, and it is reflected in part by swelling demand for medical equipment, creating a large local market.
An abundant supply of skilled manpower in the electronics and medical engineering sectors, coupled with Korea's top-notch expertise in semiconductors, industrial electronics, and electronic parts, has led to the nation’s electro-medical equipment industry reaping a rapid growth in a relatively short period.
Due to their high reliability, domestic manufacturers continue to make inroads overseas and are eager to explore new markets overseas to demonstrate their commitment to product quality and innovation. Reflecting this desire, more than 100 Korean companies will take part in MEDICA 2011 in Düseldorf from 16 to 19 November 2011.
Here are some Korean medical equipment companies that will participate in the upcoming German fair:
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