Medical technology is a global growth market. The global market volume currently amounts to around EUR 566 billion with expected annual growth rates of around 7% per year between 2023 and 2028.

With a turnover of around 55 billion euros, Germany is one of the world's leading MedTech nations after the USA and China and generates around a quarter of EU-wide turnover in the medical technology sector. 93% of MedTech companies are SMEs with fewer than 250 employees. Around 67% of their products are exported to numerous countries abroad. Companies in the sector in Germany bring products to market quickly and generate over 30% of their turnover with products that are less than three years old.

Bavaria is the second largest MedTech location in Germany after Baden-Württemberg and provides jobs for around 80,000 people. Almost 1,000 mostly medium-sized MedTech companies in Bavaria generate around 15 billion euros annually - around two thirds of which are exported, which corresponds to an export ratio of around 67%. This means that over 3% of medical technology products produced worldwide come from Bavaria and bear the "Made in Bavaria" seal of quality.

Anna Damerow

Senior Manager Investor Services

+49 89 24210-7519anna.damerow@invest-in-bavaria.com

Rosenheimer Str. 143C
81671 Munich

566.00

Thanks to its cross-industry production, research and development and a strong ecosystem with the Medical Valley EMN e. V., Bayern Innovativ Gesundheit and technological interdependencies such as mechatronics, photonics and ICT technologies provide ideal growth and production conditions for medical technology. The close cooperation between research institutions and industry enables the development of innovative products that are in demand internationally.

Medical products also have a very large potential customer base in Germany, with around 395 licensed hospitals with 73,375 beds and 4,736 places, 285 facilities for prevention or rehabilitation and over 70 spas and health resorts in Bavaria.

67.00

Percentage of exports of Bavarian medical technology products

395.00

licensed hospitals in Bavaria

285.00

Facilities for prevention or rehabilitation

70.00

Spas and health resorts

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