Sector in brief

Medical technology is a key growth market. The world market currently amounts to around EUR 566 billion and is expected to grow at a rate of more 5.5 per cent per year. Bavaria's medical technology companies benefit greatly from this.The turnover of approx. 12.7 billion euros is generated 93% by small and medium-sized enterprises. Around 67 per cent of their products are exported to a wide range of countries abroad. Those which remain here find a potential customer base of 408 approved acute hospitals, 285 prevention and rehabilitation institutions and 62 award-winning spas and health resorts in Bavaria alone.

Medical technology in Germany brings products to market-readiness quickly. The companies in the sector achieve over thirty per cent of their sales with products which are less than three years old. The Medical Valley in Erlangen and Bayern Innovativ Gesundheit, the largest network for the health sector in Germany and Europe, also contribute to this in Bavaria. Bavaria offers ideal production conditions for medical technology, thanks to active sectors whose own production and research are also useful for medical technology, among other factors. These sectors include mechatronics, information and communications technology and the field of photonics and optics.

Kaori Yamaguchi-Humpert

Senior Managerin Investorenbetreuung Life Sciences

+49 89 24210-7503kaori.yamaguchi-humpert@invest-in-bavaria.com

Rosenheimer Str. 143C
81671 München

566.00
billion euros is the size of the world market

Compared to other countries, Germany is the leader in the medical technology sector with a per capita turnover of over EUR 400. Germany’s medical technology industry generates the third largest share of the world market and generates about one quarter of all sales within the European Union. Bavaria is the second largest state for MedTech companies in Germany and, together with Baden-Württemberg, generates 56% of total German sales.

Figures from the medical technology sector

67.00

per cent export quota for Bavarian medical technology products

408.00

approved acute care hospitals in Bavaria

285.00

prevention and rehabilitation facilities

62.00

spa towns and health resorts

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    Companies in the Bavarian healthcare sector

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