South Korea Implantable Medical Devices Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Orthopedic Implants, Dental Implants, Facial Implants, Breast Implants, Cardiovascular Implants, and Others), By Material (Polymers, Metals, Ceramics, Biologics), and South Korea Implantable Medical Devices Market Insights, Industry Trend, Forecasts to 2035.

South Korea Implantable Medical Devices Market Insights Forecasts to 2035

• The South Korea Implantable Medical Devices Market Size was estimated at USD 2,592.9 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.93% from 2025 to 2035
• The South Korea Implantable Medical Devices Market Size is Expected to Reach USD 5,420.9 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Implantable Medical Devices Market Size is anticipated to reach USD 5,420.9 Million by 2035, growing at a CAGR of 6.93% from 2025 to 2035. The market is being driven by continuous technological breakthroughs that have produced increasingly complex and efficient implantable devices.

Market Overview

The market for implantable medical devices in South Korea includes a wide variety of advanced medical devices intended to be surgically inserted into the body in order to treat, monitor, or manage a range of medical conditions. These tools are essential to contemporary healthcare because they provide individualized and focused interventions. Additionally, The South Korean market for implantable medical devices is expanding rapidly due to a number of important factors. First off, technological developments have made it possible for novel implantable devices to be developed, improving both their efficacy and safety. Furthermore, the need for implantable medical solutions has increased due to the rising incidence of chronic illnesses and the aging of the population.

Report Coverage

This research report categorizes the market for the South Korea implantable medical devices market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea implantable medical devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea implantable medical devices market.

Driving Factors

The market has expanded as a result of growing patient and healthcare professional knowledge of the advantages of implanted devices. Additionally, cooperative efforts between research institutes and medical device makers have created a favorable atmosphere for product development, which has sped up market expansion. Simultaneously, new product introduction has been made easier by regulatory actions meant to expedite the implantable medical device approval process. Notably, implantable devices are now more appealing to patients and medical professionals alike due to the incorporation of smart technologies like IoT connectivity and remote monitoring features.

Restraining Factors

Medical equipment is assessed for reimbursement by the Health Insurance Review and Assessment Service (HIRA), however the standards may be ambiguous and arbitrary. The adoption of innovative technologies in clinical settings may be impacted by their inability to obtain sufficient reimbursement.

Market Segmentation

The South Korea implantable medical devices market share is classified into product and material.

• The orthopedic implants segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea implantable medical devices market is segmented by product into orthopedic implants, dental implants, facial implants, breast implants, cardiovascular implants, and others. Among these, the orthopedic implants segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. An aging population, a rise in musculoskeletal conditions, and improvements in implant technology are the main causes of this growth. The market is expected to grow due to the increasing demand for spinal implants, joint replacements, and trauma fixation devices.

• The metals segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea implantable medical devices market is segmented by material into polymers, metals, ceramics, and biologics. Among these, the metals segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. They are strong, biocompatible, and long-lasting, metals are frequently used in dental, orthopedic, and cardiovascular implants. Because they resist corrosion and can be incorporated into human tissue, titanium and stainless steel are frequently used.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea implantable medical devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Osstem Implant Co., Ltd.
• Lunit Inc.
• GENOSS Co., Ltd.
• CGBio Co., Ltd.
• Medyssey Co., Ltd.
• Korea Bone Bank
• Others

Recent Developments:

• In February 2025, In South Korea, Olympus introduced their prostatic hyperplasia gadget.  BPH, sometimes referred to as enlarged prostate, was a condition that affected males and made it more difficult for them to completely empty their bladder or urinate.  Because of this, the condition made people far more susceptible to urinary tract infections (UTIs).

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea implantable medical devices market based on the below-mentioned segments:

South Korea Implantable Medical Devices Market, By Product Type

• Orthopedic Implants
• Dental Implants
• Facial Implants
• Breast Implants
• Cardiovascular Implants
• Others

South Korea Implantable Medical Devices Market, By Material

• Polymers
• Metals
• Ceramics
• Biologics