BERLIN AND DUSSELDORF, Germany, Nov. 15, 2011 /CNW/ - Demand for German
medical technologies will grow by 6 percent in 2011, according to
industry experts. Above average demand from the USA and Asia are giving
the industry a boost despite European market instability. Germany Trade & Invest will have experts at this year's MEDICA in Dusseldorf from November
16-19 to share business opportunities in Germany in this growing field.
"Germany's med-tech industry is characterized by exceptionally strong
innovation potential flanked by Germany's reputation for ingenuity.
This is driving global demand and turning medical technologies into one
of Germany's most interesting sectors for foreign investors," stated
Dr. Sandra Bütow, medical technologies expert at Germany Trade & Invest in Berlin.
Hundreds of companies, originating from Germany or abroad, are already
active in the sector. Earlier this month German firm Balda,
predominantly active in telecommunications, announced that it would
entirely shift its focus to medical technologies, a vote of confidence
for the industry.
The German government is supporting the industry with a number of
initiatives to help Germany maintain its position in the future. The
Federal Ministry of Education and Research, for example, launched a new
initiative last month to assist small, research-oriented businesses to
accelerate the process from the laboratory to the marketplace for
medical technologies. First-time research applicants can now receive
quicker access to research funding. International companies with a
presence in Germany can take advantage of such programs.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the
Federal Republic of Germany. The organization advises foreign companies
looking to expand their business activities in the German market. It
provides information on foreign trade to German companies that seek to
enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest