Report Description:

Global Data, the industry analysis specialist, has released its latest report, Country Focus: Healthcare, Regulatory and Reimbursement Landscape – South Korea. The report is an essential source of information and analysis on the healthcare, regulatory and reimbursement landscape in South Korea. It identifies the key trends in the healthcare market and provides insights into the demographic, regulatory, reimbursement landscape and healthcare infrastructure of South Korea.

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Most importantly, the report provides valuable insights into the trends and segmentation of the pharmaceutical and medical device markets. It is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalDatas team of industry experts.

In 2013, South Koreas population was approximately at 50.2 million. It has one of the worlds highest population densities.

The South Korean government has been making continuous efforts to strengthen the economy to ensure long-term growth, and the pharmaceutical market is seen as a key industry for the countrys future growth. To support this industry, the South Korean regulatory authorities recently made changes to the regulatory bodies overseeing the pharmaceutical and wider medical sectors, to provide a transparent, strong and efficient regulatory system to facilitate faster approval of pharmaceutical products and medical devices.

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The South Korean pharmaceutical market is one of the largest in Asia, estimated to be worth $18.6 billion in 2013 and expected to reach $24.3 billion by 2020. The market grew nominally at a Compound Annual Growth Rate (CAGR) of 3.9% over the 20082020 period. The medical device market was valued at $3.3 billion in 2008 and is expected to reach approximately $6.3 billion by 2020, at a projected CAGR of 5.5%. These positive trends can primarily be attributed to:

An increasing elderly population in South Korea, leading to increases in disease incidence and prevalence as well as higher need for long-term care and medical devices.

Increasing awareness in the medical community and the general population regarding early disease detection and diagnosis, leading to higher rates of adoption of treatments and healthcare.

Reasons to buy:

This report will enhance your decision-making capability by allowing you to –

– Develop business strategies by understanding the trends shaping and driving South Koreas healthcare market

– Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to impact the healthcare market in the future

– Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors

– Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment, and strategic partnership

– Identify, understand, and capitalize on the opportunities and challenges in South Koreas healthcare market

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1 Table of Contents

1 Table of Contents 6

1.1 List of Tables 9

1.2 List of Figures 14

2 Introduction 19

2.1 GlobalData Report Guidance 19

3 Overview of the Pharmaceutical and Medical Device Markets 20

3.1 Pharmaceutical Market 20

3.1.1 Market Overview 20

3.1.2 Pharmaceutical Imports and Exports 24

3.1.3 Supply Channels 25

3.1.4 Market Segments 25

3.1.5 Major Therapeutic Areas 32

3.1.6 Major Players 35

3.2 Medical Device Market 67

3.2.1 Market Overview 67

3.2.2 Overview of Top Five Segments 70

3.2.3 Major Players 82

3.3 Market Drivers and Barriers 122

3.3.1 Drivers 122

3.3.2 Barriers 123

4 Market Access 125

4.1 Reimbursement and Payer Landscape 125

4.1.1 Healthcare System 125

4.1.2 Reimbursement Process 127

4.1.3 Overview of Insurance Providers 130

4.1.4 Patient Share in Healthcare Spending 135

4.1.5 Pricing Policies 136

4.2 Regulatory Landscape 140

4.2.1 Overview of Regulatory Agencies 140

4.2.2 Drug Approval Process 144

4.2.3 New Device Approval Process 145

4.2.4 Licensing Process for Manufacturing 152

4.2.5 Licensing Process for Exports and Imports 153

4.2.6 Intellectual Property Rights Landscape 155

4.2.7 Clinical Trial Regulations 157

4.2.8 Pharmaceutical Advertising Regulations 159

4.2.9 Pharmacy Regulations 160

4.2.10 Labeling and Packing Regulations 162

5 Country Analysis 163

5.1 Political Environment 163

5.1.1 Political Structure 163

5.1.2 Domestic Political Situation 165

5.1.3 Analysis of the Current Political Environment 166

5.1.4 Healthcare Policy Initiatives 168

5.2 Economic Landscape 170

5.3 Economic Indicators 173

5.3.1 Gross Domestic Product 173

5.3.2 Gross National Income 178

5.3.3 Inflation 179

5.3.4 Currency Exchange Rate 181

5.3.5 Foreign Direct Investment 182

5.3.6 Foreign Exchange Reserves 183

5.3.7 Trade Balance 185

5.3.8 Government Structural Balance 187

5.3.9 Government Net Debt 188

5.3.10 External Debt 189

5.3.11 Major Industries 190

5.4 Demographics 192

5.4.1 Population 192

5.4.2 Education and Literacy 208

5.4.3 Employment 209

5.4.4 Disease Burden 210

5.5 Healthcare Infrastructure 212

5.5.1 Healthcare Facilities 212

5.5.2 Healthcare Infrastructure 214

5.5.3 Healthcare Parameters 216

5.5.4 Environmental Health 218

5.5.5 Healthcare Personnel 222

5.6 Healthcare Expenditure 225

5.6.1 Overview 225

5.6.2 Major Components of Healthcare Spending 227

5.6.3 Shares of the Public and Private Sectors 228

5.6.4 Spending in Pharmaceutical R&D 229

5.7 Trade Associations 231

5.7.1 Korean Pharmaceutical Association 231

5.7.2 Korea Pharmaceutical Manufacturers Association 232

5.7.3 Korean Hospital Association 232

5.8 Trade Fairs 232

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