About the German market for healthcare, medtech, and pharmaceuticals
The German market for healthcare, medtech, and pharmaceuticals is considered one of the largest and most innovative in the world. With a market volume estimated to be worth around €150 billion, the industry has seen an average annual growth rate of approximately 4% in recent years.
Compared to the global market, Germany is a significant player, with a market share of around 10%. In terms of exports, the country is also a major player, with an export volume of around €75 billion. This is largely due to the strength of the country's pharmaceutical and medical technology industries, which are considered some of the most innovative and advanced in the world.
In terms of exports to South Africa, the country is considered an important market for German healthcare, medtech, and pharmaceutical companies. The dominant subsectors in the German market include diagnostic equipment, medical devices, and pharmaceuticals. The country is also known for its high number of patents and its strong focus on research and development, which contributes to its innovative strength.
The German healthcare system, with its well-established infrastructure and favorable economic conditions, provides a solid foundation for the continued growth and development of the healthcare, medtech, and pharmaceutical industries. With a focus on innovation and a highly educated workforce, the market has significant growth potential and is well-positioned to lead the way in the development of new and advanced technologies.
South African - German Health Congress
We cordially invite you to join us at the German-South African Health Congress, where we will be exploring the latest advancements and opportunities in the healthcare, medtech, and pharmaceuticals industries. This exciting event will bring together local experts, representatives from the German Embassy, and leading companies from the German health industry to discuss and share their insights and experiences.
At the Congress, you will have the opportunity to hear from key speakers on the latest trends and challenges in the industry, as well as learn about the strong trade relationship between Germany and South Africa in the health sector. Our German delegation, consisting of SMEs within the health industry, will present company and product pitches, showcasing their latest offerings and innovations.
Whether you are a healthcare professional, a business leader, or simply interested in the industry, the German-South African Health Congress is the perfect platform to connect, learn, and engage with the latest developments in the field.
Don't miss this exciting opportunity to network with industry leaders, experts, and decision-makers, and be a part of shaping the future of the healthcare, medtech, and pharmaceuticals industries in South Africa. We look forward to seeing you there!