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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 selecte
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SOURCE Germany Trade and Invest
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