South Korea Healthcare and Medicine Tenders

A booming sector, ranked 4th in Asia-Pacific, with a projected 6.2% growth rate.
Worth over $5.5 billion in medical devices alone.
Big on digital health, with a market size of $5.3 billion and growing 17% annually.

The Korean government is a major player, spending heavily on healthcare and medicine.
This fuels innovation and attracts global companies.
Total imports of medical devices hit $3.7 billion, with the US leading at $1.7 billion.

Cutting-edge medical devices like AI-powered diagnostics and robotics.
Innovative pharmaceuticals, especially for chronic diseases and aging populations.
Telehealth and remote patient monitoring solutions.

The Ministry of Health and Welfare (MOHW) sets the overall direction.
The Korea Health Industry Development Institute (KHIDI) manages procurement and policy.
Public hospitals and National Health Insurance Service (NHIS) are major buyers.

Local giants like Samsung and LG are making waves in medical devices and digital health.
Global leaders like Pfizer and Siemens are also snagging big contracts.
Startups with disruptive technologies are emerging as dark horses.

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