State of Medicon Valley 2020 – a new analysis of life science in Skåne and Copenhagen area
The annual report of the state of the largest life science cluster in the Nordics, Medicon Valley, was released on Monday by the cluster organisation Medicon Valley Alliance. Despite the past year’s challenges due to the coronavirus pandemic, there are several positive development trends in Danish and Swedish life science as a whole and in Medicon Valley.
Life science exports are rising in both Sweden and Denmark, as are the number of employees and the total revenue from income tax and corporation tax. Swedish exports increased dramatically with 26% reaching 112 billion SEK (ca 79 billion DKK) from 2018 to 2019. Same goes for Danish life science exports which reached a record-high of 133 billion DKK – a 25 % increase from the previous year.
Ulrika Ringdahl, CEO of Invest in Skåne, emphasises that life sciences form a sector in which we have continued to see positive development, even throughout the covid -19 pandemic.
"It has gone well for life science as an industry, in spite of corona. We’ve seen a lot of activity, and we’ve even seen companies establish themselves here", says Ulrika Ringdahl.