L&K Biomed "Full-Scale Entry into European Medical Market"

L&K Biomed Expands European Market Presence
Secures Initial Order Through Dealership Agreement in Portugal

Spine implant specialist L&K Biomed announced on the 12th that it has signed a dealership agreement with Portugal and received an initial order to enter a new overseas market and expand its product supply chain.

Through the dealership agreement, L&K Biomed has confirmed its entry into the Portuguese market for spine implant products. Building on its presence in Spain, one of the European countries it has already entered, the company has established a cooperative relationship to actively expand its European market presence by entering Portugal.

The main contract items for the initial order are two screw products: the ‘ExcelFix-S’ and ‘ExcelFix-MIS’ product lines. ExcelFix-S is a spinal endoscopic screw product characterized by a screw head with high convenience and a dual-structured thread with strong fixation power. ExcelFix-MIS is a minimally invasive spinal fusion system product based on ExcelFix-S, designed for percutaneous approach. With minimally invasive surgery (MIS) becoming a trend in spinal surgery over the past 20 years, sales are expected to increase going forward.

L&K Biomed successfully established itself in the European market by entering Spain in 2021. Based on this, it has expanded its territory to Portugal and intensified its European market strategy. Starting with this contract, additional demand for its products within Europe, including Portugal, is anticipated.

An L&K Biomed official stated, “Since the Portuguese medical device market relies on imports, demand for advanced medical technology is steadily increasing. Through this contract, we will demonstrate the excellence of our products.” The official added, “We expect to enhance the provision of high-quality medical services and improve treatment opportunities by offering innovative products in Portugal.”

Following Portugal this year, discussions are underway regarding product supply to several other European countries, with contract signings imminent, signaling a more active approach to the European market.