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NSW medical device companies predict $34 million in outcomes

16 December, 2008

NSW medical device companies expect over $34 million in business outcomes over the next year following their participation in a NSW Government trade mission to Germany.

Fifteen NSW companies attended the world's biggest medical devices fair, Medica 2008 in Germany, from November 19-22, with the support of the State Government.

Minister for Science and Medical Research Jodi McKay said: “NSW medical device companies are winning global business for hi-tech innovative products such as diagnostic kits, infection treatments, disposable laryngoscopes and laboratory instruments.

"NSW is the home of Australia's medical device industry and produces over 70 per cent of exports in the sector. This result will further contribute to our dominance in this important area of manufacturing."

Medica 2008 attracted 137,000 trade visitors and buyers from about 100 countries. It was an important chance for NSW companies to showcase their products and services internationally and meet potential global customers, distributors and business partners.

The NSW Department of State and Regional Development (DSRD) also attended Medica 2008 to provide on-the-ground support and advice to NSW companies and promote our state's strengths as a location for medical device development and business investment.

DSRD now reports that the 15 NSW companies which participated are collectively predicting business deals valued at around $34 million over the next 12 months as a result. This includes distributorship agreements signed at Medica, or directly following Medica, worth $18.5 million.

The NSW companies report that Medica 2008 has delivered strong international business prospects with a range of countries including Morocco, United Kingdom, United States, Israel, Italy, France, Germany, Iran, Norway, Canada, Greece, Belgium, Saudi Arabia, India, Poland, Czechoslovakia, the Middle East, Holland, Spain, Egypt, Turkey, Libya and Indonesia.

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