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Made In Korea: Local Device Companies Overtake Multinationals In Product Approvals

 
• By Peter Chang

Korea approved 3,100 new medical devices in 2012, with domestic products overtaking imported products for the first time.

SEOUL – The Ministry of Food and Drug Safety, formerly called Korea FDA, said the number of medical devices it approved in 2012 reached 3,100, up 6.9% from 2011.

“Demand for medical devices is on the rise as the Korean population is rapidly becoming an aged society and subsequently has increased interest in personal health,” MFDS told PharmAsia News,...

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