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34<br />

Pharmaceuticals<br />

Healthcare – comprising pharmaceuticals, biotechnology and medical technology – is<br />

one of the economic growth engines of the 21st century. The reasons for this are growing<br />

populations, medical and technological advances, and greater life expectancy.<br />

Over the past ten years, spending on medicines in Germany has risen by almost 40 percent<br />

to roughly P30 billion. The U.S. pharmaceutical market which, with sales worth the equivalent<br />

of roughly P150 billion in 2002, accounted for virtually half of the global market, has<br />

almost tripled over this period. And the sector continues to grow disproportionately by<br />

eight percent per year worldwide. In 2005, the size of this market is forecast to be at least<br />

P390 billion. The biotech industry will also expand strongly over the medium term. More<br />

than half of all newly approved drugs now come from the biotech industry.<br />

As a value-adding partner to the pharmaceutical industry, GEA and its subsidiaries each<br />

occupy leading positions in their respective markets. Niro Pharma Systems is the global market<br />

leader in the cutting-edge process engineering used to produce solid medicines. Its technology<br />

offering ranges from the batching and weighing of active and inactive ingredients to<br />

the granulation and drying stages and the finished tablet. Its customers include almost all<br />

major companies in the pharmaceutical industry.

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