Life Sciences
Europe's No. 1 healthcare market
Germany's healthcare market is No. 1 in Europe by market volume, patients, manufacturers and providers. The life sciences industry is driven by innovations in medical technology, pharmaceuticals, medical biotechnology and digital health.
EUR 417 billion
Healthcare spending in Germany exceeded EUR 417 billion in 2020.1,900 hospitals
More than 1,900 hospitals operate in Germany with nearly 500,000 beds. The share of privately owned hospitals continues to rise.7.6 million employees
With more than 7.6 million employees, healthcare is one of the largest economic sectors in Germany.4.5 percent
The German healthcare market grew at 4.5 percent annually over the past 5 years.With sales of EUR 49.5 billion in 2020 the German pharmaceutical market is the largest in Europe and the fourth largest in the world.
Demographic change and technology – pushing healthcare forward
In the last 15 years, the number of people with diabetes mellitus has risen from 5.8 to 8 million people. The German market has reacted with smart solutions for diabetes management, which are expected to grow at a rate of 27 percent in the coming years.
An ideal location for high-quality production
99% of Germany’s medtech companies are small or medium sized enterprises.
One in three
medical devices sold in Germany is less than three years old.More than 30
specialised cluster networks focusing on medical technology.9 percent
of revenue is spent on R&D.15 percent
of employees work in R&D.European Medical Valley
One example of an excellent innovation cluster in medical technology is the European Medical Valley in Nürnberg/Erlangen.500 local companies
involved in medtech.11 cluster staff
to coordinate R&D projects and funding.65 hospitals
with 850,000 inpatients treated in 2017.The life sciences industries in Germany are driven by a strong and stable healthcare market, support for research and development, and a wealth of companies and institutes. Germany offers the ideal investment climate for innovation in health. Get in touch to learn more.