BERLIN, December 6 /PRNewswire/ -- Demographic change and the expert level of healthcare in Germany contribute significantly to growing demand for high-quality medical devices from Germany. This results in positive returns for investors. During the LifeScience Alley 2007 conference on December 6, 2007 at the River Centre in St. Paul, Minnesota, Germany's inward investment promotion agency, Invest in Germany, will showcase the advantages of Germany as an investment location.
In 2006, medical devices manufacturers located in Germany sold nearly EUR16 billion worth of products in 2006, an increase of 8.1% over 2005. Germany is not only the home of many domestic medical devices companies, such as Siemens Medical Solutions, but also of subsidiaries of American companies such as GE Healthcare Technologies Inc.
The German government is working to enhance research and development (R&D) in the industry by making EUR800 million available for R&D in health research and medical technologies through 2009. Other aspects include Germany's geographic position in the European Union (EU). The EU is the world's largest single market with 500 million consumers and Germany is located near both the established markets in western Europe and growing markets in eastern Europe.
"Germany offers a world-class landscape for R&D in medical devices," notes Ken Bremer, Director of Invest in Germany's Chicago office. "Medical devices companies that are located in Germany spend an average of 9% of sales revenue on R&D. This funding combined with the presence of universities and research institutes make Germany a top location for high-tech discovery."
Invest in Germany is located at booth 401 at LifeScience Alley 2007.
Invest in Germany is the inward investment promotion agency of the
Federal Republic of Germany. Its mandate is to promote Germany as an
attractive business location. Invest in Germany provides investors with
comprehensive support from site selection to the implementation of
investment decisions. It has offices in the United States in San Francisco,
Palo Alto, Chicago, Washington, D.C., and Boston.
Invest in Germany,
|SOURCE Invest in Germany|
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