MARKET ANALYSIS MEDICAL TECHNOLOGY GERMANY: TOP 100 RANKING 2025

The 2025 ranking: In our market analysis "Medical Technology Germany 2025" by MEYER INDUSTRY RESEARCH, we systematically examined the leading 100 medical technology companies in Germany once again.

Facts about companies and industry: The market analysis “Medical Technology Companies Germany 2025” collected data on the revenue, number of employees and profitability of the top 100 medical technology companies with headquarters and production facilities in Germany, the regional distribution of the companies and the product groups manufactured (e.g., single-use technology, reusable instruments, electromedical devices).

Global players and hidden champions: While well-known industry giants like Fresenius, B. Braun, and Siemens naturally top the revenue rankings, the analysis reveals that the German medical technology landscape is characterized by many "hidden champions"—companies that are relatively unknown to the public. A high proportion of these are family-run, long-established businesses.

MATTHIAS MEYER, MANAGING DIRECTOR OF MEYER INDUSTRY RESEARCH, ON THE MARKET STUDY

"Medical technology is one of the world's fastest-growing markets. Even though US-based medical technology manufacturers clearly dominate the global market, German companies are among the innovation and technology leaders in many areas. We want to showcase these 'hidden champions' of the German medical technology sector in our current ranking. It's striking that the industry in Germany is characterized by a few large companies and many medium-sized enterprises. Many of the medical technology companies in our ranking have fewer than 1,000 employees, yet they are among the top 100 in the industry in Germany."

STRONGLY INCREASING SALES, PROFITS AND EMPLOYEE NUMBERS

Continued revenue growth: The top 100 medical technology companies in Germany have increased their revenues by 8% annually since 2019 (CAGR 2019–2025). Given the crisis atmosphere in many other major German industrial sectors, this development is remarkable.

High profitability: The market study on medical technology shows that medical technology manufacturers in Germany continue to be above average in terms of profitability. EBIT margins have recently been in the high single digits to low double digits.

Medical technology as a job engine: The average number of employees at the top 100 medical technology companies in Germany also increased significantly, growing by approximately 6% annually since 2019 (CAGR 2019 – 2025).

REGIONAL DISTRIBUTION: BADEN-WÜRTTEMBERG AND BAVARIA DOMINATE

Baden-Württemberg is the number one medtech location in Germany: The heart of German medical technology beats in Baden-Württemberg. Every third of the top 100 companies has its headquarters in this federal state. North Rhine-Westphalia, Bavaria, and Hesse follow in the rankings as important medical technology locations.

Medtech cities: Hamburg, Munich, and the Cologne/Düsseldorf region have a particularly high concentration of medical technology companies. As the study “Top 100 Medical Technology Companies Germany 2025” by MEYER INDUSTRY RESEARCH shows, these areas are home to strong technology clusters within the medical technology sector in Germany.

Download our free market analysis of medical technology in Germany 2025 as a PDF here

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