Korea Medical Devices Industrial Cooperative Association

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Being entirely ruined by Korean war in 1950, Korea has rapidly industrialized since 1961, when all-our efforts for economic development were first inaugurated. That year, the government systematically arranged mid-and long-term economic development plans, which turned the nation from being a traditional agricultural county into one of industrialized countries.

For instance, Korea's gross national product increased from USD 3.1 billion in 1960 to USD 8.1 billion in 1970 to USD 457.6 billion in 2002 (a 257 fold growth in three decades).

As a sign of its financial success, Korea successfully hosted the 1988 Seoul Oympiad and the 2002 World Cup.

Besides, national product per capita surpassed USD 10,000 in 1995, reaching USD 10,548 in 1996, a 134-fold increase. But the unprecedented economic crisis in 1998 decreased the number to USD 7,000. Despite that, Recorded USD19,231 in 2008, Korea is fastly recovering the difficult situations.

In the mean time, the number of people eligible for medical insurance rose sharply, leading to a steep increase in medical institutions and medical manpower available.

Thus,the pattern of the domestic demand for medical equipment changed dramatically as the national average life span jumped to 75 years in 2007, from 52.3 years in 1960.

Korea's GNI Natonal Average Life Span

Korea's GNI Natonal Average Life Span
Statistics Field Name Unit Weight Trans 1970 1985 1990 2000 2001 2002 2004 2006 2007 2008
Principal Indicators on National Account (1971~) Per Capita GNI(current Prices)(dollar) U$     255 2.355 6.303 11.292 10.631 12.100 15.082 19.722 21.695 19.231

Number of Korean Medical Service institutions

Year Number of Medical care centers Dental Hospital Clinics Oriental Hospitals Affiliated hospitals Et.al Hospitals Total
General hospitals Hospitals Clinics
1995 266 398 14.343 8.304 5.997 246 219 29.773
2000 285 581 19.472 10.527 7.412 185 203 38.665
2001 268 599 20.819 10.616 7.630 169 175 40.276
2002 284 691 23.299 11.200 8.232 169 154 44.029
2003 283 798 23.502 11.989 8.885 150 165 45.772
2004 282 855 24.491 12.075 9.350 158 167 43.378
2005 290 971 25.412 12.634 9.911 187 152 49.566
2006 295 1.213 26.078 12.942 10.436 172 150 51.286
2007 302 1.538 26.265 13.431 11.033 182 163 52.914

Number of Korean Doctors

Number of Korean Doctors
Year Doctors Dental Doctors Oriental Doctors Nurses
1995 57.188 13.681 8.714 120.415
2000 72.503 18.039 12.108 160.295
2001 75.295 18.887 12.794 170.845
2002 78.609 19.672 13.662 181.800
2003 81.328 20.446 14.553 192.480
2004 81.998 20.772 14.421 202.012
2005 85.369 21.581 15.271 213.644
2006 88.214 22.267 15.918 223.781
2007 91.475 23.126 16.732 235.687