Medical Devices made in Vienna

Vienna can be considered a hub of the Austrian medical device industry. In 2017, more than 240 medical device companies were located in the city. With a workforce of 8,890 people, these companies generated around 3.4 billion euros in revenue. Most of Vienna’s medical device companies are active in sales, including most of the top 20 global players. In addition, Vienna hosts a growing start-up community in medtech with a strong focus on digital health solutions.

Research, development and manufacturing

A total of 51 medical device companies carry out research, development or manufacturing in Vienna. Together, these businesses employ some 2,300 people and, in 2017, generated a turnover of 1.1 billion euros. Some of these companies go back 40 years or more. Ottobock, for example, has been running facilities in Vienna since 1969 and creates products worth 123.5 million euros in Vienna every year. However, the largest group of companies is significantly younger: 24 companies are not even five years old – a clear sign of Vienna’s growing start-up community and the ongoing rejuvenation of the sector.

Andreas Goppelt - Ottobock
(C) Ottobock

Vienna offers the possibility of cooperation with partners in the medical field, such as leading physicians of the MedUni Vienna, which is essential for our research work. This, in combination with the cosmopolitan, multicultural atmosphere in a city with a proven high quality of life, makes it possible to attract highly qualified specialists to the location. The expertise secured in this way feeds directly into the development of our technologies and innovative products in order to enable users to improve their quality of life.

Andreas Goppelt
Ottobock CTO and Managing Director at the Vienna subsidiary Ottobock Healthcare Products GmbH

Dedicated medtechs at a glance

Most of the “research, development or manufacturing companies” in the medical device sector in Vienna are solely committed to this field of activity: there are 46 “dedicated medical device companies” and only five other companies have been reported, for which medical devices are only one among a number of business segments. Traditional strengths lie in electromechanical medical devices, special products for people with physical disabilities, and disposable products. Sempermed, for example, headquartered in Vienna, is one of the world’s leading producers of medical gloves.

Innovative digital health solutions on the rise

In recent years, Vienna has become a leading city for the development of digital products and services in the health sector. Agfa HealthCare, for example, develops software in Vienna that serves the global healthcare market. The dynamics regarding the development of software solutions for the medical sector, including eHealth tools, are amazing: from seven companies in 2012 (2014: 10) the number has grown to 20 companies in 2017, thus nearly tripling within only five years. The diabetes care company mySugr is just one of Vienna's success stories: Its acquisition by Roche in 2017 is regarded as the biggest deal of its kind in Europe.

Strong in sales and distribution

In 2017, there were some 190 Viennese medical device companies that operated either as distributors, suppliers or service providers. A total of 6,600 employees have achieved a turnover of 2.3 billion euros. The vast majority of these businesses are sales and distribution companies: In 2017, some 160 companies employed 4,100 people and generated revenues of almost two billion euros.

More details, tables and lists are provided in the Vienna Life Science Report.

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Martin Mayer
Technology Expert Medtech
T +43 1 501 75 235
M +43 664 8846 72 09
mayer@LISAvienna.at