Bbk korea medtech market report 2012 neu

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Figure3. Health Expenditure Over 65

(4) Health Expenditure Over 65

(USD billion)

As the population over 65 is increasing and the interest for health is expanding, the ratio of health expenditure of population over 65 out of total medical expense has been gradually growing. In 2010, the total health expenditure for the elder was accounted at USD 11.9billion which is around 16.6% of total medical expense. This is 11% increase from the previous year.

2.2.1.2

Health Workforce and Medical Institutions Trend

(1) Health Workforce Korea’s health workforce trend indicates that the professional medical experts have been increasing steadily. As of 2010, registered nurses are 270,000, doctors are 100,000, and pharmacists are 61,000. Table 2.Health Workforce Doctor Year

(Unit: Person) Dentist

Oriental Doctor

Pharmacist

Maternity Nurse

Nurse

2001

75,295

18,887

12,794

51,872

8,801

170,845

Medical Record Officer 8,150

Optician

2002

78,609

19,672

13,662

53,168

8,920

181,800

8,819

24,010

2003

81,328

20,446

14,553

54,381

8,996

192,480

9,317

24,017

2004

81,996

20,772

14,421

53,492

8,628

202,012

10,140

24,652

2005

85,369

21,581

15,271

54,829

8,657

213,644

10,818

26,000

2006

88,214

22,267

15,918

55,845

8,572

223,781

11,413

27,300

2007

91,475

23,126

16,732

57,176

8,587

265,687

12,448

28,712

2008

95,066

23,924

17,541

58,363

8,565

246,840

13,630

30,237

2009

98,434

24,639

18,401

59,717

8,603

258,568

14,447

31,681

2010

101,443

25,390

19,132

60,966

8,578

270,274

15,424

33,218

21,360

Source: Health and Welfare Statistics, The Ministry of Health and Welfare

(2) Medical Institutions & Number of Beds The number of medical institutions and their beds are consistently increasing in Korea. As of 2010, the total number of medical institutions is accounted at 56,244, a 14 times to the number institutions in 2001 (40,276). As more institutions has been established the number of beds has also increased that in 2010 the total number of beds are estimated to be 523,327.

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| Medtech Industry in Korea


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