Within the last few years, public funding has increased tremendously, making Austria’s biotechnology market one of the fastest growing markets in Europe.
Biotechnology Sector in Austria
Austria’s biotechnology sector is one of the fastest growing biotechnology sectors in Europe.
Additionally a significant number of pharmaceutical companies have their CEE headquarters in
Within the last few years, public funding has increased tremendously, making Austria’s
biotechnology market one of the fastest growing markets in Europe. The biotechnology and
pharmaceutical sectors currently have a sales volume of EUR3 billion and is represented by
about 100 companies and more than 7000 employees. The industry is still very young. The
average company age is about seven years. There are several clusters, the most important one
being in Vienna.
Particular strength of the biotech market are:
ξ Cancer research
ξ Rare diseases
ξ Red (active pharmaceutical ingredients, diagnostics, new therapies) and White
ξ Highly qualified staff (a number of universities are offering specialised courses, often in
ξ Co-operation in Research & Development
ξ Clinical Research Services
ξ Laboratory equipment and supplies
ξ Homeopathic medication
Latest export opportunities in the Biotechnology sector
Latest export opportunities in Austria
Getting into the market
Austrian companies prefer to have personal contacts with their partners. English is the main
language in this sector (most international pharmaceutical companies have English as a working
The UK enjoys an excellent reputation, however companies should be prepared to present their
USP. As Austria is a member of the European Union, the same regulations are valid, some local
restrictions might apply.
More about doing business in Austria
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke
market research and support during overseas visits though our chargeable Overseas Market
Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists
in country - or contact your local international trade team.
ξ Verena Wasenegger, British Embassy Austria. Tel: +43 (0)1 716 13 6253 or email:
ξ Karin Beck, British Embassy Austria. Tel: +43 (0)1 716 13 6243 or email:
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to
overseas markets and support for attendance at overseas trade shows.
Latest events in the Biotechnology Sector
Business Development Visit – Biotech Mission to Austria and Slovakia
Bio Europe 2013
More about OMIS and other UKTI services for exporters