NSW medical companies drum up business in Europe
16 November 2011
A group of NSW medical companies and research organisations will be drumming up business in Germany this week in an effort to further strengthen the State's world-leading medical devices industry.
NSW Trade & Investment is supporting 23 local companies to exhibit at Medica 2011, the world's biggest medical devices fair held annually in Dusseldorf, Germany from 16-19 November.
The medical devices industry makes a considerable contribution to the NSW economy, with $2.5 billion worth of medical devices, pharmaceuticals and medicinal products exported from NSW in 2009-10, around 44 per cent of the national total.
NSW Trade & Investment will exhibit in the Australian Pavilion to promote Sydney and NSW as an innovative and dynamic place to do business and encourage more companies to export from NSW.
Participating companies will also be looking to boost export sales, attract investors and bring joint ventures and research collaborations to the State.
Last year NSW companies that attended Medica reported more than $64 million in actual and projected sales.
Products being promoted by NSW companies include implants used in orthopaedics and vascular surgery, hazardous waste disposal solutions for hospitals and devices for blood collection, emergency resuscitation and measuring cardiovascular function – all products that will improve patient care and potentially save lives.
The biomedical and medical devices industry has been identified as a key area of the manufacturing sector – one of the first sectors targeted under the Government's Industry Action Plans.
For more information on Medica 2011 visit www.medica-tradefair.com.