With world class research, visionary universities, a strong health care system with excellent infrastructure and data collection and an effective business environment, Denmark stands out as a global player in life sciences and the home of a world leading health care industry.

For many years, Denmark has been an international health laboratory, attracting international businesses and researchers. Reasons include the presence of a strong healthcare industry, a long-standing tradition for efficient public-private partnerships and a keen political focus on creating framework conditions conductive to research and business development within healthcare and welfare.

A booming industry
A new analysis from the Confederation of Danish Industry shows a very positive development in international sales for Danish life science companies. In 2015, the export reached a significant milestone as international sales increased to more than DKK 100 billion equivalent to €13.7 billion ($15.4 billion).

The milestone is the result of a period of great success and growth in the Danish life science sector. From 2000 to 2015, the export of medicines and medical devices increased from €4.5 billion ($5 billion) to €13.7 billion ($15.4 billion).

“The life science industry in Denmark has developed into a strong and competitive cluster – a statement clearly underlined by the increased export.  The Danish healthcare landscape offers an abundance of pioneering and state-of-the-art medical solution with immense potential for treating or preventing illness. Add to that the presence of a handful of authentic global pharmaceutical companies and it is clear why the country has gained its high profile. But we are not just resting on past glories – we want to cement our global position and even improve it, which is why, we are working hard  to make Denmark a much more attractive place to invest,” says Tine Hartmann Nielsen, Team Leader Life Science, Invest in Denmark.

Attractive to foreign investors
Denmark offers a low corporate tax rate, competitive business costs, flexible labour market conditions, and simple procedures for establishing a business. Furthermore, Denmark has a well-organised and publicly financed healthcare sector that maintains a high standard with highly qualified and motivated personnel.  In sum, Denmark offers some of the best possible conditions for conducting business in the life science  industry.

Source: Denmark's Ministry of Foreign Affairs
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