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The German healthcare sector will grow significantly in 2021

 Last Update: 2022-10-13
 Source: Internet
 Author: User

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According to the German Federal Ministry of Economy and Climate Protection on the 7th, the 2021 German Healthcare Industry Economic Accounting (GGR) data commissioned by the Ministry of Economics Research Institute WifOR shows that the German healthcare industry will grow significantly
in 2021.

According to reports, in 2021, the industry set a record high of 391.
8 billion euros in total added value, which is equivalent to 12.
1%
of the total added value of the whole Germany.
Employment in the sector also increased by 300,000 compared to 2019, to around 7.
7 million
by 2021.

GGR data shows that the healthcare industry is an important factor
in Germany's economic development.
The sector exported goods and services worth €158.
1 billion in 2021, of which €145.
5 billion came from the industrial healthcare sector
.
As a result, the healthcare sector accounts for 9.
4%
of Germany's foreign trade.

At the time of the COVID-19 pandemic in 2020, the German healthcare sector also experienced a decline, especially in the industrial healthcare sector
.
The new figures are particularly reassuring that the total value added of the industrial healthcare sector increased by 7.
7% compared to 2020; The highest growth rates
were achieved in the fields of pharmaceutical production, biotechnology and medical technology.

Developed by the German Federal Ministry for Economics and Climate Protection, the GGR outlines the drug supply, industrial health management and other sub-areas under the term healthcare economy to measure the contribution
of the healthcare sector to the performance of the German economy.

"The healthcare sector is and will continue to be one of
the largest sectors in Germany's economic development.
The latest growth trends show Germany's strengths in the healthcare industry, including an outstanding R&D environment and outstanding scientific and technological talent
.
Robert Hermann, managing director of the German Federal Trade and Investment Agency, said
.

The German Federal Trade and Investment Agency (UEF) is the agency
of the German Federal Government for foreign trade and domestic investment.
The agency advises and supports foreign companies entering the German market and assists companies established in Germany in entering foreign markets
.
(End)

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