Danish medicotech exports remain strong despite financial crisis  

2009.11.27
Exports of Danish medicotechnology have doubled in the last 10 years, and are expected to continue growing in 2009 and 2010
Danish medicotechnology is selling like hot cakes on the international market, and the country's leading companies in the sector are successfully navigating their way through the financial crisis with sustained exports, writes professional journal Ingeniøren (The Engineer).
 
New data from the Danish medico industry association shows that exports have risen from DKK 8.03bn (USD 1.62bn) in 1998 to DKK 15.7bn (USD 3.2bn) in 2008. And further growth is expected in both 2009 and 2010. One example of the positive momentum is provided by diagnostic and life-support equipment maker Ambu, which has just published annual results showing increased revenues from DKK 784m (USD 158m) last year to DKK 850m (USD 171m) this year.
 
Ambu's managing director Lars Marcher comments to Ingeniøren: "When we look at our nearest competitor on the market (US firm LMA – Ed.) which has had a growth of 0%, we have good reason to be proud of the fact that we have managed 10%."
 
A major positive about the Danish medicotech industry is that the bulk of it comprises large companies. The 20 biggest firms employ about 12,000 of the 20,000 employed in the industry in Denmark, and more or less all the 20,000 people that Danish medicotech companies employ abroad. These 20 major firms account for 75% of overall revenue generation which in 2007 totalled DKK 43.5bn (USD 8.8bn).

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