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Events > MedTech mission to KIMES (South Korea) and Japan
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MedTech mission to KIMES (South Korea) and Japan

Monday, 11 March 2019 to Sunday, 17 March 2019

Application deadline: 18th January 2019

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Why join?

Why come to Japan and South Korea?

South Korea:

The South Korean medical devices market is the 9th largest in the world, valued at valued at £4.4 billion. The healthcare system in the country is known to be high quality and efficient, with the Korean National Health Insurance System (KNIS) providing near universal healthcare coverage to the population of 51 million. Korea faces a growing burden of non-communicable disease and is reliant on new technologies to keep up with the population’s needs. Korea has a lot of opportunities for UK companies, particularly for products using cutting edge technology in digital health, orthopaedics, wound care, dental, ophthalmic products and elderly care. Local firms and hospitals have expressed interest in products such as dental implants, ultrasound imaging systems, grafts/prostheses, biomaterials, and PACS. There is a strong appetite for UK products, with the UK ranking as 7th in the list of biggest importers to Korea in 2016.

Japan:

Japan’s medical devices and healthcare market offers business opportunities for innovative British companies. It is the second largest medical devices market after the US with a large number of hospitals. It offers universal access and national healthcare services and the world’s highest life expectancies. Japan’s medical devices market, valued at over £20 billion, heavily relies on imports, especially for therapeutic devices, which consist of nearly 50% of the total domestic sales volume. The UK is ranked as the 8th largest exporter of medical devices to Japan. Since the revision of the Pharmaceutical and Medical Devices Act in 2014, regulations on medical devices have been modified to allow faster and easier access to the Japanese medical devices market. Japan offers a great opportunity for UK companies involved in the development of innovative medical technology, particularly in the following areas: artificial internal organ apparatus and assistive devices, high tech operating equipment and supplies, ophthalmic goods, diagnostic imaging system; therapeutic and surgical equipment and home treatment equipment.

Tradeshow Access Programme (TAP) grants of £2,500 are available for eligible companies through our partner Medilink.

Click for the online application form