Navigation Links
BIO 2010: German Molecular Diagnostics Segment Posting Double-Digit Growth
Date:5/3/2010

BERLIN and CHICAGO, May 3, 2010 /PRNewswire/ -- Molecular diagnostics has quickly become one of the most important biotechnology segments in Germany. With an estimated 10 percent share of the EUR 2 billion German diagnostics market, the segment enjoys a compound annual growth rate of around 12 percent. This growth is driven by industry trends toward personalized medicine that are correspondingly increasing the market for molecular diagnostics. Germany Trade & Invest will have representatives at this year's BIO International Convention in Chicago from May 3 - 6, 2010 to share the latest business opportunities in Germany's biotechnology industry.

There are more companies operating in the biotech and biomedical sectors in Germany than in any other country in Europe. Revenue in this industry has grown over 40 percent between 2005 and 2009 and promises to expand in the coming years. Dedicated biotechnology companies annually invest nearly EUR 1 billion in research and development, securing the industry's innovation potential for the coming years.

The integration of biotechnology clusters further increases the country's attractiveness as a business location. Research institutes and companies large and small can utilize the cluster structure to share ideas, innovate with partners and quickly bring new products to market.

Giving a further boost to Germany's reputation as a high-tech business location, top executives in American companies recently selected Germany as the number one location in Europe. In a survey conducted by the American Chamber of Commerce in Germany (AmCham Germany), they cited Germany's handling of the economic crisis and stable domestic demand as crucial factors. 80 percent of those surveyed even named Germany as their future focal point for investments in Europe.

Germany Trade & Invest will be showcasing the latest developments in Germany's biotechnology industry at Booth 4722 at this year's BIO International Convention. In addition, the organization will be hosting a session on opportunities in Germany under the moniker "Beyond Classical Diagnostics: Breakthroughs in Molecular Diagnostics and Biomarkers from Germany." Speakers will include Michael Lutz, CEO of Life Codexx, a DNA sequencing company that develops clinically validated next generation molecular diagnostics, as well as Hajo Schiewe, Ph.D., Manager Business Development for Metanomics Health, a metabolite profiling company in the area of plant biotechnology. Both will speak about opportunities in their segments in Germany.

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 to the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

    Germany Trade & Invest
    Eva Henkel
    Email: eva.henkel@gtai.com
    T: +49(0)30-200099-173
    F: +49(0)30-200099-111



'/>"/>
SOURCE Germany Trade and Invest
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Announcing Sustainability in Packaging 2010: Strategies to make sustainability sustainable
2. Spectral partner launches EAA(TM) Rapid Sepsis Diagnostic in Germany
3. Arpida Presents Data on Iclaprim at Scientific Congress in Germany
4. Germany Hosts World Leading Medical Industry Fair
5. A New Era in Cell Biology: German Company Develops Groundbreaking Alternative to Stem Cell Therapy
6. WaferGen Signs Exclusive Distribution Agreement for SmartSlide(TM) Micro-Incubation System in Germany
7. World Congress on Industrial Biotechnology: Germany Home to Top Biotech Research and Investment
8. Pharmaxis Aridol Authorised for Sale in Germany
9. BIO 2008: Germany on Cutting Edge in Biomanufacturing
10. Stallergenes : Sublingual Desensitisation Tablets Oralair Grasses Approved in Germany
11. CPA Acquires Renowned German Patent Research Specialist, SVPG
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2017)... CA (PRWEB) , ... October ... ... a development-stage cancer-focused pharmaceutical company advancing targeted antibody-drug conjugate (ADC) therapeutics, today ... of targeted HPLN (Hybrid Polymerized Liposomal Nanoparticle), a technology developed in collaboration ...
(Date:10/10/2017)... 2017 International research firm Parks Associates announced today ... the TMA 2017 Annual Meeting , October 11 in ... home security market and how smart safety and security products impact the ... Parks Associates: Smart Home Devices: ... "The residential security market has experienced ...
(Date:10/10/2017)... ... October 10, 2017 , ... The Pittcon ... awards honoring scientists who have made outstanding contributions to analytical chemistry ... Pittcon 2018, the world’s leading conference and exposition for laboratory science, which will ...
(Date:10/9/2017)... ... October 09, 2017 , ... At its national board ... Stubbs, a professor in Harvard University’s Departments of Physics and Astronomy, has been selected ... member of the winning team for the 2015 Breakthrough Prize in Fundamental physics for ...
Breaking Biology Technology:
(Date:4/5/2017)... , April 5, 2017  The Allen Institute for ... Cell Explorer: a one-of-a-kind portal and dynamic digital window ... imaging data, the first application of deep learning to ... stem cell lines and a growing suite of powerful ... for these and future publicly available resources created and ...
(Date:4/4/2017)... 2017   EyeLock LLC , a leader of ... States Patent and Trademark Office (USPTO) has issued U.S. ... of an iris image with a face image acquired ... company,s 45 th issued patent. ... given the multi-modal biometric capabilities that have recently come ...
(Date:3/30/2017)... , March 30, 2017 The research ... system for three-dimensional (3D) fingerprint identification by adopting ground breaking 3D ... a new realm of speed and accuracy for use in identification, ... an affordable cost. ... ...
Breaking Biology News(10 mins):