Autumn survey: Germany under pressure as a medical technology location
According to the German Medical Technology Association BVMed, Germany is under pressure as a medtech location. According to the results of the BVMed autumn survey, the industry has recorded an increase in sales of 4.8 percent compared to the crisis year 2022, but this is offset by a sharp rise in personnel, logistics, raw material and energy costs as well as high costs for the implementation of the EU Medical Device Regulation (MDR). The association is therefore calling for a "MedTech Strategy 2030".
Investments in Germany declineAccording to the results of the autumn survey 2023, presented by BVMed Managing Director and Board Member Dr Marc-Pierre Möll, the industry shows a slight recovery after the crisis years 2020 to 2022. "66 percent of the medtech companies surveyed expect a better sales result in Germany this year than last year. This is a slightly better result than in the two previous years - but does not yet reach the values before the corona pandemic. Nineteen percent of the companies surveyed expect a decline in turnover. For 12 percent, the decline in turnover is even in the double-digit range. This shows that individual product areas in the medtech sector are developing very differently," Möll explained.
Germany is the world leader in medical technologies. For now. Because: Europe as a medical technology location is at great risk.
FDA system often preferredThe times when the European regulatory system for medical devices was superior to the US FDA system are over. This is also made abundantly clear by the BVMed Autumn Survey 2023. 53 percent of the companies prefer the FDA system, only 12 percent the MDR system of the EU. 35 percent have no preference.
Despite the effects of the crisis and rising costs, the medical technology industry in Germany continues to create additional jobs. 31 percent of the companies participating in the BVMed autumn survey are increasing the number of employees compared to the previous year, 58 percent are keeping the number stable. Engineers, computer scientists, data scientists and medical technicians in particular are in demand, but also apprenticeships in the technical and commercial field.