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:6/23/2016)... -- A person commits a crime, and the detective uses ... criminal down. An outbreak of foodborne illness makes ... uses DNA evidence to track down the bacteria that caused ... not. The FDA has increasingly used a complex, cutting-edge technology ... Put as simply as possible, whole genome sequencing is a ...
(Date:6/23/2016)...  The Prostate Cancer Foundation (PCF) is pleased to announce 24 ... for prostate cancer. Members of the Class of 2016 were selected from a ... Read More About the Class of 2016 PCF Young Investigators ... ... ...
(Date:6/23/2016)... (PRWEB) , ... June 23, 2016 , ... ... today announced the launch of the Supplyframe Design Lab . Located in ... to explore the future of how hardware projects are designed, built and brought ...
(Date:6/23/2016)... 2016 Apellis Pharmaceuticals, Inc. today announced ... of its complement C3 inhibitor, APL-2. The trials ... dose studies designed to assess the safety, tolerability, ... in healthy adult volunteers. Forty subjects ... single dose (ranging from 45 to 1,440mg) or ...
Breaking Biology Technology:
(Date:6/9/2016)... leader in attendance control systems is proud to announce the introduction of fingerprint attendance ... the right employees are actually signing in, and to even control the opening of ... ... ... Photo - ...
(Date:6/2/2016)... , June 2, 2016 The ... has awarded the 44 million US Dollar project, for ... Embossed Vehicle Plates including Personalization, Enrolment, and IT Infrastructure ... leader in the production and implementation of Identity Management Solutions. ... January, however Decatur was selected for ...
(Date:5/24/2016)... facilitates superior patient care by providing unparalleled technology to leaders of the medical imaging ... product recently added to the range of products distributed by Ampronix. Photo ... ... ... News ...
Breaking Biology News(10 mins):