The health care division of world-renowned German company Bosch announced on March 26 that it has developed a test kit for COVID-19 and nine other viral respiratory illnesses.
Industries / Life Sciences
German companies are at the heart of the emergency development of potential coronavirus vaccines. That’s no accident considering Germany’s importance in both the pharmaceutical and biotechnology sectors. Germany Trade & Invest Director of Chemicals and Health Marcus Schmidt gives us the lowdown on this crucial area.
Europe’s largest facility for producing industrial hydrocarbon resin opened in August 2019 in the western German town of Castrop-Rauxel.
Assay ready cells are cells that have been cryopreserved at a highly functional state and can be used instantly after thawing, making them a valuable tool in drug research. But many questioned their usefulness. Hamburg company acCELLerate wasn’t deterred.
The city of Schwerin is getting an injection of new business: Swiss medical company Ypsomed has opened a new production facility in the northern German town.
Doctolib – a French company that expanded to Berlin in 2016 – has raised €150 million in a second round of funding and is now a unicorn with an estimated value of more than €1 billion.
With aging populations and increasing demand for medical services, AI and other digital innovations are going to become a crucial part of the healthcare of the future. Check out our video on smart hospitals.
Germany is Europe’s number one healthcare market by volume: Patients, manufacturers and providers power a life science industry composed of thriving medical technology, pharmaceuticals, medical biotechnology, and digital health sectors.
Day-to-day life in medical centers will be completely transformed by digitalization in coming years. German hospitals are at the forefront of the digital transformation, the healthcare market in Germany is booming and foreign investors are flocking.
Pierre-Michael Meier, general manager of Entscheiderfabrik, strongly believes that clinics should develop new digital business models in order to stay competitive and keep up with innovations in healthcare.