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A Bold Plan for Global Expansion An excerpt from On fast-forward: Accelerating the pace of global expansion for South Korea’s healthcare companies

South Korea pharma and medical device companies

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Page 1: South Korea pharma and medical device companies

A Bold Plan for Global ExpansionAn excerpt from On fast-forward: Accelerating the pace of global expansion for South Korea’s healthcare companies

Page 2: South Korea pharma and medical device companies

What will it take for South Korea to reach its

aspiration of becoming a top-seven global powerhouse for

pharmaceuticals and medical devices by 2020?

Page 3: South Korea pharma and medical device companies

2009 2014 20200

5

10

15

20

25

W1.7trn(US$1.5bn)

W3trn(US$2.7bn)

W13.5trn target(US$12.2bn)

1.8W2.4trn

(US$2.2bn)

W23trn target (US$20.8bn)

Exports (W trn)

W1.8trn (US$1.6bn)

Ambitious overseas growth targets that eclipse historical growth trends of South Korean healthcare companies signal the need for game-changing strategies.

CAGR 45.4%

CAGR 6.7%

CAGR 28.6%

CAGR 12.2%

Page 4: South Korea pharma and medical device companies

3big questions underlie strategic manoeuvres for South Korean healthcare companies to deliver on growth.

Page 5: South Korea pharma and medical device companies

1.

Where can South Korean healthcare companies find the right market opportunities?

Page 6: South Korea pharma and medical device companies

The pattern of South Korean expansion into global healthcare markets reflects emerging opportunities in numerous product and market segments to drive growth.

Latin AmericaCentralised diagnostic equipment

US, EuropeBiosimilars

South-east Asia Imaging equipment, higher-quality healthcare services in private hospitals

ChinaMolecular diagnostics, premium healthcare services in private hospitals

JapanBiosimilars, regenerative medicine

Page 7: South Korea pharma and medical device companies

2.

What similarities and connections exist between different markets for companies to devise a more unified strategy?

In South-east Asia, countries such as Indonesia, the Philippines and Vietnam have similar healthcare needs and similar levels of healthcare development.

New Korean hospitals established in the Korea Medical Belt, a trans-Asian medical export belt linking China, Russia, Mongolia, Central Asia, Middle East and South-east Asia can support greater use of pharmaceuticals and medical devices in the region.

Page 8: South Korea pharma and medical device companies

3.

What market opportunities should companies focus on? How should companies prioritise their expansion efforts?

Page 9: South Korea pharma and medical device companies

Visithttps://goo.gl/7B3nK9to download the full

report.