Overseas sales boom continues for German medtech manufacturers
This article was originally published in Clinica
German industry association Spectaris reports that sales of its 150 medtech member companies in markets outside Germany grew by 5.7% in the first five months of 2008. In 2007, members’ sales in foreign markets rose by 6.7% to €11.1bn ($17.1bn) – representing 64% of the Berlin-based industry group’s total sales. The EU was the destination market for 41% of Germany’s medtech exports in 2007, North America, 22%, and Asia and the rest of Europe, 13% each.