Connecting EV, Build Up Your Business Quickly !
Selective distribution strategy always drive our team to choose right distributors depends on products.
Retail & E-Retail Channels
Most Major retailers in South Korea already connected with EV Medtech.
Healthcare/ Medical device/ Activity products are most welcomed and Brand management is the key success factor in the competitive market. We develop conceptual map, Segmentation, Targeting, Positiong before crafting Marketing Mix: 4P for our brand. Our channel management is strong and we have many accounts with major domestic retailers (merchandisers) projecting monthly & yearly
- Korean Population: 51 million (2016)
- Korean Retail Market Size: 440 billion USD (2017)
- Korean E-retail market size: 91 billion USD (2017)
- Mobile Purchasing market size: 58 billion USD (2017)
- TV Shopping Market/ Size: 6 billion USD (2017)
EV has medical device importing & sales license and South Korea is one of fastest aging society in the world and that makes medical expense go up steeply in the coming year.
Medical device should be neccessary to pass KFDA clearance and KGMP process (depends on) before official sales. Insurance code registration under korean national health insurance system (K-NHIS) is also key success factor to build up consistent sales pipeline. We can provide business acumen at that point.
Korean Medical Landscape
- The number of Korean hospitals and clinics are around 85,000 (2016).
(The numbers include oriental hospitals and dentist clinic and goverment health centers)
-The number of Korean drug stores (Pharmacy): Around 21,000 (2016)
-The number of Korean Medical stores: Around 64,000 (2016)