Shaping France as one of the most competitive, innovative healthtech hubs

More than 2,000 businesses, including 750 biotechs, 1,100 medtechs and 200 digital health startups make the French HealthTech ecosystem a solid, dynamic and internationally recognized sector. Healthtech firms in France accounted for nearly 50,000 direct and indirect jobs in 2020, mostly highly qualified jobs.

French Healthcare is also growing in maturity and economic value. Over the past five years, the sector has doubled its revenues and increased the number of business creations. Even very small businesses have global aspirations. International partnerships represent one-third of collaborations for French businesses!

At the heart of this revolution is R&D. France is a great environment for startup creation and for conducting R&D, thanks to innovation clusters, grants, funding, tax incentives, labor and social security cost reductions. Healthtech firms are mostly spin-offs from public research. More than half of their spending is on R&D and they have filed more than 30,000 patents making France among the leading patent holders in the world.

French businesses are developing over 4,000 medical innovations in drugs, medical devices, digital health solutions.

Whilst biotech and medtech represent the majority of firms, digital health and bioinformatics are experiencing strong growth.

Thanks to French healthtech, France is fully playing its role in the technological shift and aims to be the first European nation to innovate in healthcare.

 

Source: Shaping France as one of the most competitive, innovative healthtech hubs | BIO

 

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