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German device industry sets out requirements for growth

This article was originally published in Clinica

Executive Summary

Despite being the world's third largest market, with a turnover growth of 5.4% in 2001, the Euro14 billion ($12.4 billion) German medical device market lags behind that of France and the UK with 6% growth and further behind the US, with 7%. Speaking at the German medical device industry association's (BVMed) annual members meeting in Hamburg last week, BVMed chairperson Cornelia Groehl (Johnson & Johnson/Ethicon) set out the association's views on creating the ideal climate for industry growth. Whereas her speech was not intended to place pressure on the government, it may have this effect in view of the forthcoming general election.

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