Sweden and the whole world is facing major challenges with an aging population and an increased demand for care, which creates a breeding ground for intense innovation within Life Science including medicine, biotechnology and medical technology. The medical device industry is a crucial part of the solution and it is important that we take advantage of the opportunities that innovative medical technology can offer. A product that helps the patient to recover faster and spend less time in hospital not only reduces patient suffering but saves nursing staff time and is a better solution for the society. Obviously, it is also important with all new methods being developed to improve diagnosis, treatment efficiency and to support the disabled.
Sweden has since long been pioneering innovative medical solutions in health care. We are proud to present Swedish inventions as the pacemaker, the gamma knife, bone-anchored hearing aids, innovative radiation dose measurement techniques just to highlight a few. The basis for this success has included good collaboration between biomedical engineering companies, health care and academia. We at ALTEN act in all these spheres and have a strong network within academia and healthcare. We work with businesses across the spectrum from sole proprietorships to our major Swedish flagships Getinge and SCA.
Sweden Life Science market has great potential. By figures our country represent only about 0.5% of the global biomedical engineering market, but Swedish biomed companies account for about four percent of global sales. The industry includes about 1,500 companies with a total of about 40 000 employees in Sweden. Globally, the industry is growing by 5.4% annually.