5 Highest Paying Countries for Biomedical Engineers

3. Luxembourg

Average Salary: $110,409

Luxembourg has a flourshing biotech market with notable companies like Luxbiotech leading the charge in innovative solutions. Capitalizing on microalgae’s carbon dioxide absorption, Luxbiotech develops skincare and nutritional products, harnessing the potential of cyanobacteria and Spirulina platensis to create bioactive serums. Meanwhile, Luxembourg Bio Technologies focuses on peptide synthesis, supplying reagents for biotechs and pharmaceuticals. Collaborating across Europe, it facilitates laboratory-scale experiments and multi-liter reactions, aiding companies without production plants.

On the other hand, Mitotech targets mitochondrial dysfunction in neurodegenerative diseases. Its lead compound, SkQ1, tackles dry eye disease and shows promise in treating conditions like glaucoma and age-related macular degeneration. Nium, a spin-off of the University of Luxembourg, pioneers gut health research, offering microbiome analysis and gut-on-a-chip models for food companies.