Healthcare and Life Sciences

Germany offers Europe's largest market for healthcare and life science products. Market demand and location factors have made it the first choice for many international companies looking to expand their footprint.

Germany's growing market is driven by various global trends. Some important examples are social developments such as demographic change, and technological trends such as digitization. Science and innovation in Germany often lead to the commercialization of cutting-edge technologies. This is especially true in the field of life sciences, which includes various high-tech fields such as molecular diagnostics, (bio) pharmaceuticals and biological materials, and medical equipment.

Smart hospitals in Germany

As the population ages and the demand for medical services grows, artificial intelligence and other digital innovations will become an important part of future healthcare.

Digital health

The German Electronic Healthcare Act entered into force in January 2016. The bill promotes the use of information and communication technologies in the German healthcare system. It defines a unified framework for future intersectoral networks and collaborations between healthcare providers and those who pay for healthcare services. The German Federal Ministry of Health is responsible for the design of the legal framework for telematics infrastructure. The German Telematics Association (gematik) is responsible for introducing the telematics infrastructure and electronic health cards. Electronic health cards allow digital storage and retrieval of patient data. Its application will be introduced step by step.

Medical biotechnology

Germany is the world's leading medical biotechnology country after the United States. The strength of the industry comes from a long-established startup. Industry, government and research are moving in one direction, building on the already strong market foundation of a booming sector. Germany has the largest number of biotechnology companies in Europe, world-class research infrastructure and internationally renowned scientists, so it has firmly established itself as an international medical biotechnology center

Pharmaceutical Industry

Germany is the best international location for exceptionally high levels of pharmaceutical research, production and distribution. Direct contact with internationally renowned scientists, outstanding research units and major pharmaceutical markets makes Germany a unique business district. The development of the world's population structure has brought new challenges and led to increased demand for medicines. This, together with major advances in medical biotechnology research, has provided new impetus to the global pharmaceutical industry.

German economy profile

Germany has one of the top economies in Europe and the world. As one of the most important economies in the world, it attracts many foreign investors who want to start a new company. In terms of foreign investment, Germany is actually one of the preferred destinations in the world. In addition, Germany is the second most important exporter in the world. The workforce is also good for foreign investors who are preparing to set up a company in Germany, especially because employees have made an important contribution to the development of the company. Quality of life and stable industrial relations are essential for German employees. Another advantage is the well-structured social security system.

Foreign investors interested in doing business in Germany can contact our International Business Advisers who can successfully assist them with the company registration process.