MEDTEC MEDIZINTECHNIK GMBH BELONGS TO THE INNOVATIVE ELITE AND LEADING COMPANIES AMONG GERMANY’S SMES
TOP 100 · twice awarded as Top-Innovator in the competition of Germany’s most innovative SMEs (2014 & 2016)
TOP 500 · FOCUS Wachstumschampion 2018 · A study by FOCUS magazine and the data institute STATISTA has defined german enterprises with the most increase in volume of sales. MedTec is one of the top 500 companies that have grown mostly organical and have reached a percental growth in sales that is above average of Germany’s 3.6 million businesses.
FOCUS WACHSTUMSCHAMPION 2018
MedTec Medizintechnik is one of Germany’s TOP 500
MedTec Medizintechnik GmbH has had great success with the MBST Magnetic Resonance Therapy in the last 20 years. The company has already been awarded twice as top-innovator. Now another award with a seal of quality confirms the company’s course: FOCUS magazine and STATISTA have included MedTec in the illustrious circle of the top 500 growth champions 2018. With this new award the company is not only one of the leading innovators of Germany’s small and middle-sized enterprises but a class apart.
Outstanding technological advance
To belong to the “Wachstumschampions 2018” is a confirmation of the way we have been following in the last years. It is our vision to enable patients of every age a healthy, active and pain-free life. Our answer to this is a causal therapy approach for the treatment of a huge number of degenerative diseases of the musculoskeletal system as well as the use of MBST’s regenerative potential for the acceleration of healing processes after injuries or surgery.
This success confirms our vision
More and more patients are enquiring about the MBST Magnetic Resonance Therapy in certified general practices, specialist practices, health centers and clinics. This trust in the therapeutical efficiency that has developed over the last 20 years is based on the scientific confirmation by continuous interdisciplinary research as much as on the very good treatment results. This is why our company grows so strongly and sustainably – not only in Germany and Europe but worldwide.
World market leader · MBST Magnetic Resonance technology
Our company focuses on expanding our own expertise in medical technology and securing our position as world market leader in the field of therapeutically used magnetic resonance technology by new patents. The growth of our company happens organically, out of our own business strength. Besides geographical expansion, the extension of the possible indications is an important factor for us. The sensing of potentials, of correct developments is the basis for our success.
Strong partner in business
To keep up the development and innovative pace of our company we constantly invest in own research and development projects. We are securing our position as world market leader with new patents, innovative therapy devices and a list of possible indications that is under constant revision. Our present day position is the result of hard work because we consciously cultivate and combine our strengths: great personnel with a huge motivation for innovation and highest demands in quality, enthusiasm for the fast realisation of plans and the belief that in cooperation with our satisfied customers and partners we can always be one step ahead. Our whole team is proud to receive this award and assures that we will continue to make our contribution to “MBST · HealthTech Made in Germany“.
Shortly before our awarding as a champion of business growth the announcement of the Nobel prize for medicine has acknowledged a field of research in which MedTec Medizintechnik has been active for some years: the study of the molecular mechanisms of the circadian rhythms of the inner clocks of the body. Nowadays, it seems to be certain that disturbances of the chronobiological system can be one cause for the development of many diseases. This line of thought emphasizes the importance of chronobiological studies. Study results confirm that MBST Magnetic Resonance technology has an impact on the transcriptionel as well as on the metabolic clock of cells. These findings are currently worked into the newest generation of MBST therapy devices so that it becomes possible to influence resp. reprogram the inner cell clocks in a targeted manner. This opens up revolutionary new therapy options, for instance for osteoarthritis, and powerfully underlines the unique approach of the MBST therapy system. We are sure that with our outstanding technology we will continue to reach growth rates above average in the years to come.
2016 · TOP 100 · TOP INNOVATOR
MedTec Medizintechnik is one of the TOP 100
The company from Wetzlar is among Germany’s innovative elite / Award presented by TOP100-mentor Ranga Yogeshwar
The most innovative among Germany’s small and medium-sized companies have been honoured for the 23rd time. After the first success in 2014 MedTec Medizintechnik GmbH is again one of the TOP 100 innovative elite in 2016. The company from Wetzlar has been subjected to a challenging, scientific selection process. Innovative management and innovative success were the key features that were examined. The mentor of the innovation competition, Ranga Yogeshwar, will present the top innovators at the Deutsche Mittelstands-Summits on the 24th of June in Essen.
“An innovation has to make the world a little better and needs to be a bit out of the ordinary”, says Axel Muntermann, president and founder of MedTec Medizintechnik GmbH. And his company is a bit out of the ordinary in the best sense of the word with its constant development of new products and innovative improvements in medical technology. This is confirmed by 8 national and more than 150 international patents.
Moreover, MedTec Medizintechnik convinced the jury at the innovator competition in the category innovation-encouraging top management. About 70% of their daily time are spend with the work on innovations and 80 days per year on up-skilling. The staff as well is actively engaged in the innovation process and can spend 15 days per year with product or position related studies.
The family business was founded in 1998. The 18 employees produce medical technological therapy systems that use magnetic resonance technology for the causal, non-surgical treatment of bone and joint diseases. The company invented this therapy option and with it has become world market leader in the field of therapeutical magnetic resonance.
Muntermann’s strategy for innovations sounds easy: “We develop a prime product without any competitors and get a patent. This way we don’t have to worry about prize pressures and can focus on further development.” Everyone in the company knows that his work can improve the quality of life of others and so Muntermann as well as his employees is working with blood, sweat and tears. His vision: “I want to help affected persons worldwide.”
More than 4,000 companies have been interested in the innovator competition this year. 366 have applicated and 284 reached the final round. 238 of them are now under the TOP 100 (max. 100 in one of the 3 categories depending on company size). The decision who will be top lies in the hands of Prof. Dr. Nikolaus Franke and his team from the institute for entrepreneurship and innovation of the Vienna University of Economics and Business. They evaluated more than 100 parameters in 5 different categories: innovation-encouraging top management, innovation climate, innovation processes and organisation, innovative marketing/orientation to the outside, innovational success.
The TOP 100 are among the pacemakers in their lines of business, a fact that is confirmed by numbers: Among the companies are 97 national market leaders and 32 worldmarket leaders. On average, 40% of their volume of sales is made up by new or improved products that they brought on the market before their competititors did. Their growth of sales was 28% higher than the average volume of their respective branches. Altogther the SMEs applied for 2,292 national and international patents during the last 3 years. This innovative force is also visible in their number of employees: The TOP 100 plan to create 9,500 new jobs in the next 3 years.
The mentor of TOP 100, science journalist and TV presenter Ranga Yogeshwar, is impressed by the quality of these companies and hopes for a signal effect: “The way in which the TOP 100 create new ideas and develop pathleading products and services is remarkable. I am very happy that our award makes these qualities visible and I hope that their success will encourage other companies. Because it is this innovative culture that will become increasingly important for all companies in the future.“
TOP 100: the competition: compamedia has awarded SMEs with the TOP 100 seal for innovative successes above average since 1993. Prof. Dr. Nikolaus Franke of the Institute for entrepreneurship and innovation of the Vienna University of Economics and Business has been responsible for the scientific lead since 2002. Mentor of TOP 100 is science journalist and TV presenter Ranga Yogeshwar. Project partners are the Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung and the BVMW. Media partner is the manager magacine. Find more information on www.top100.de.
Help others – with gut feeling
Bone and joint diseases like osteoarthritis and osteoporosis can be treated by stimulating cells with Magnetic Resonance technology.
These findings of the MedTec Medizintechnik GmbH are the basis for their success and their position as number one worldwide in this field of expertise. Axel Muntermann is president and creative head of the company. He is always busy finding new possibilities of application for his therapeutic devices. As electrical engineer he is capable of reflecting on a variety of technological facts and keeps on generating new ideas for his business from these mind games. “For example I talk to doctors, take part in their discussions, visit fairs and symposiums and read various journals to get inspired.”
“Often, my entrepreneurial gut feeling, that tells me if an idea can be realised or not, is the basis of an innovation.” The firm has doubled its value of sales: The success confirms his gut feelings. After conquering the German market the company expanded its activities to the whole of Europe. Today, more than 1,000 therapy devices are in use worldwide which are sold in a franchise system.
It is due to this expansion that the volume of sales could be increased by 100% every year. And new promising therapy devices are already in development: the next series will be smaller and thus can be used in other fields: practices with limited space, dental or veterinary medicine.
Improve quality of life
Muntermann’s strategy for innovations sounds easy: “We develop a prime product without any competitors and get the patent. In this way we don’t have to worry about prize pressures and can focus on further development.” Everyone in the company knows that his work can improve the quality of life of others and so Muntermann as well as his employees is working with blood, sweat and tears. His vision: “I want to help affected persons worldwide.” And he has already come a long way on this road.
2014 · TOP 100 · TOP INNOVATOR
Producer of MBST awarded with the most important SME prize for innovation
The company was awarded as one of the five top-innovators in Germany at the yearly meeting of SMEs in Essen. With this prize MedTec Medizintechnik is one of the five best and most innovative companies out of 3 million German small and middle-sized enterprises.
The award has been handed over by the well-known TV presenter Ranga Yogeshwar for innovation management and innovational success of the MBST Magnetic Resonance Therapy. 20 years ago MedTec started with the development of the MBST Magnetic Resonance Therapy and has constantly developed it further since they entered the market in the year 2000. Meanwhile, the MBST therapy is used in practices and clinics worldwide. “Our main focus is always on the patient and the promise to guarantee his safe and sensible tretament”, says president Axel Muntermann after the ceremony. “We are very happy about this award and proud to be one of the five most innovative companies in Germany with the Magnetic Resonance Therapy. We want to say thank you to our users, franchisees and MBST partners who contribute a lot to our innovation. Without you, we would not be present in over 20 countries and would not have treated more than 180,000 patients. We are looking forward to a progressive and innovative future together with our partners.”
About Top 100
Every year the 100 most innovative companies among German SMEs are awarded. Scientific leader is Prof. Dr. Nikolaus Franke of the Institute for entrepreneurship and innovation of the Vienna University of Economics and Business. He puts all companies under trial and decides about the finalists and the winners. Mentor of TOP 100 is TV presenter and journalist Ranga Yogeshwar. The prize goes to companies that have been able to turn a good idea into a tradeable, successful and established product.