Bioplus Co., Ltd. Obtained permission to manufacture animal medical devices
Bioplus Co., Ltd. received permission to manufacture animal medical devices at the Animal and Drug Administration Division of the Agriculture, Food and Rural Affairs Quarantine Headquarters on July 18, 2019. In addition, permission for ‘anti-adhesive agent’ for animals was given consecutively.
Due to the increase in single-person households and aging population in Korea, the number of pets is increasing, and the market size is growing every year, and related diseases and animal hospitals are increasing accordingly.
According to the ‘2018 Pet Care Survey’ by KB Financial Group Management Research Institute, 25.1% of entire households raise pets, and the growth speed of the pet medicine market is 15% at an annual average rate. The quantitative expansion and qualitative growth of animal hospitals are expected.
On this occasion, Bioplus Co., Ltd. will actively expand its market for animal medical devices.