Woo Young Medical

What Woo Young Medical does

Woo Young Medical (WOOYOUNG MEDICAL CO.,LTD., 우영메디칼) is a privately held South Korean medical device manufacturer founded in 1996, headquartered in Jincheon-gun, Chungcheongbuk-do with a sales office in Seocho-gu, Seoul. The company specializes in ambulatory disposable elastomeric infusion pumps, electronic infusion pumps, and safety I.V. catheters (notably the MagiCath line), with secondary products spanning chemotherapy infusion, breathing circuits, suction catheters, esophageal stethoscopes, and a video laryngoscope. Its core technology is built on silicone balloon elastomeric pumps (mechanically driven, no electricity required) and a patented gravity-based free fall mechanism in the MagiCath safety catheter that retracts the needle after use to prevent needlestick injuries and bloodborne pathogen exposure. Manufacturing is conducted at an automated Jincheon facility equipped with vision-based quality inspection programs established since 2006.

The company holds the #1 domestic market share in Korean pharmaceutical infusion pumps and generates revenue through direct enterprise sales to hospitals and healthcare facilities domestically, supplemented by overseas subsidiaries in Europe (since 1998), the United States, and Asia. The $10M Export Tower Award received in 2020 formalizes a two-decade international expansion. GTM is enterprise field sales plus event-driven demand generation through KIMES, MEDI EXPO KOREA, and other regional medical device exhibitions, supported by clinical testing partnerships with domestic hospitals and K-Hospital seminars. Chairman Lee Young-gyu has led the company since founding and was elected the 18th Chairman of the Korea Medical Device Cooperatives Association in February 2024, reflecting industry standing alongside numerous government designations including the Industrial Medal of Merit (2022) and Super-Metropolitan Leading Enterprise (2024).

The customer base is composed of hospitals, clinics, and healthcare institutions requiring infusion therapy and safety medical devices, with secondary end-use in home care settings for ambulatory pain management and chemotherapy. Pricing is quote-based for enterprise procurement and not publicly disclosed. Recent product cadence includes the MagiCath II launch at MEDI EXPO KOREA in July 2022 and the refreshed MagiCath at KIMES 2024 in March 2024, indicating continued line extension into the safety catheter category. The company is founder-led, with no disclosed institutional investors, parent company, or M&A activity in the available data.

Name

Woo Young Medical

Legal name

WOOYOUNG MEDICAL CO.,LTD.

Website

https://wooyoungmed.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Woo Young Medical is a privately held South Korean medical device manufacturer founded in 1996, producing disposable elastomeric infusion pumps, electronic infusion pumps, and MagiCath safety I.V. catheters for hospitals, clinics, and home-care patients. It holds the #1 domestic share in Korean pharmaceutical infusion pumps and exports to Europe, the US, and Asia.

Ownership category

akta.pro rank

Product category

Medical Devices (Infusion Pumps and Safety I.V. Catheters)

NAICS

Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Infusion Pumps (Ambulatory/Stationary) (HLAHAIAF)

akta.pro secondary industries

Infusion Sets, Catheters & Pump Consumables (HLAHAIAH), Single-Use Medical Disposables & Procedure Kits (Drapes, Tubing, Catheters, Syringes, Custom Packs) (HLAHANAG)

Keywords

• Elastomeric infusion pumps
• Medical device manufacturing
• Safety IV catheters
• Electronic infusion pumps
• Ambulatory drug delivery

Headquarters

HQ city

Seocho

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Medical Device Sales: Sale of medical devices including elastomeric infusion pumps, electronic infusion pumps, safety I.V. catheters (MagiCath), and related medical supplies. Products are sold directly to hospitals and healthcare facilities domestically and through overseas subsidiaries internationally.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels3 records

Core offering

Woo Young Medical manufactures and sells disposable (single-use) medical devices focused on infusion therapy and vascular access. Its primary offerings are elastomeric (silicone balloon) infusion pumps and electronic infusion pumps used for pain management, chemotherapy, antibiotic administration, and hydration, along with the patented MagiCath safety I.V. catheter and related accessories such as closed suction catheters, breathing circuits, video laryngoscopes, and irrigation syringes. Customers are hospitals, clinics, and healthcare institutions in Korea and international markets, with home-use ambulatory applications as a secondary segment.

Differentiator

Problem solved

Functional benefit

Products and services

• Elastomeric Infusion Pump (Pain Management) Disposable single-use drug infusion pump (silicone balloon type) for pain management applications including acute and chronic pain; designed for hospital and ambulatory pain management without electrical power.
• Electronic Infusion Pump (Pain Management) Electronic (powered) infusion pump used for controlled, programmed drug delivery in pain management; intended for hospital use alongside the elastomeric line.
• Elastomeric Infusion Pump (Chemotherapy) Disposable elastomeric (silicone balloon) infusion pump intended for continuous ambulatory chemotherapy infusion in hospitals, clinics, and home-care settings.
• MagiCath Safety I.V. Catheter Safety intravascular (I.V.) catheter with patented gravity-based free-fall needle retraction that drops the used needle into the needle shield, preventing needle stick injuries and blood exposure; ergonomic grip with clear flashback visualization, for healthcare workers in hospitals and clinics.
• MagiCath II Safety Intravascular Catheter Second-generation MagiCath safety I.V. catheter with gravity-based free-fall needle retraction for needle stick injury prevention.
• EZ-Transfer Patient transfer accessory product for moving patients between beds, stretchers, or other surfaces, used in hospital and clinical settings.
• Closed Suction Catheter Closed-system suction catheter for airway secretions management in ventilated patients, used in hospital respiratory care.
• Breathing Circuit Anesthesia/ventilator breathing circuit tubing used to deliver gas mixtures to patients in operating rooms and ICUs.
• Endotracheal Tube Mouth Fixer Device to secure/fix the position of an endotracheal tube in a patient's mouth during airway management.
• Mini Volume Extension Line Small-volume intravenous extension line used to connect infusion/catheter devices, enabling low-volume precise drug delivery.
• Esophageal Stethoscope Esophageal stethoscope used for monitoring heart and breath sounds in patients under anesthesia, placed in the esophagus.
• Irrigation Spoid Disposable irrigation syringe/spoid used for medical irrigation and fluid delivery procedures.
• Video Laryngoscope (CR-31D) Video laryngoscope model CR-31D for visualizing the airway during endotracheal intubation procedures.

Quantifiable outcome

• Prevention of needle stick injuries and bloodborne pathogen exposure (HIV, Hepatitis C) for healthcare workers
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Baxter International: Global leader in IV infusion pumps (Spectrum IQ, Novum) and IV administration sets; competes head-to-head with Woo Young's elastomeric and electronic infusion pumps in hospitals worldwide.
• ICU Medical: Specializes in IV therapy, infusion pumps (Plum 360), and needlefree connectors after acquiring Smiths Medical; a direct competitor in safety IV catheters and infusion pump categories.
• B. Braun: Major manufacturer of infusion pumps (Infusomat Space, Perfusor) and IV catheters, with deep hospital presence in Europe and Asia; directly overlaps with Woo Young's core infusion and catheter portfolio.
• Nipro: Japanese medical device manufacturer with broad IV catheter, infusion, and dialysis portfolios; a comparable Asian-headquartered rival in safety catheters and infusion consumables.
• Terumo: Japanese medical device leader with significant safety IV catheter (SurGuard) and infusion system lines, directly comparable to Woo Young's MagiCath and pump portfolio, especially across Asia.
• Becton, Dickinson and Company (BD): Global leader in safety IV catheters (BD Insyte Autoguard, BD Nexiva) and infusion delivery; competes with Woo Young's MagiCath safety catheter and pump consumables across US, EU, and Asian hospital channels.

Broad incumbents

• Moog Inc. Through its Medical Devices segment, Moog produces infusion pumps and disposables, including ambulatory elastomeric-style devices, making it a relevant broad incumbent peer for infusion and disposable pump offerings.
• Fresenius Kabi: Global player in clinical nutrition, IV drugs, and infusion technology, including infusion pumps and disposables; broad incumbent in hospital infusion therapy with overlapping products to Woo Young.
• Bayer (general infusion / radiology pumps): Operates in medical infusion and injection systems via its radiology/medication delivery portfolio, making it a broad incumbent adjacent to Woo Young's infusion device franchise.
• Pfizer (Hospira): Acquired Hospira, a major US infusion pump (Plum) and IV solutions manufacturer; remains a large incumbent in hospital infusion therapy overlapping with Woo Young's installed-base competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woo Young Medical