MEDICAL TECHNOLOGY MARKET ANALYSIS GERMANY: TOP 100 RANKING 2025
The 2025 ranking: In our Medical Technology Germany 2025 market analysis by MEYER INDUSTRY RESEARCH, we once again systematically examined the leading 100 medical technology companies in Germany.
Facts about the company and industry: The market analysis “Medical Technology Companies Germany 2025” collected revenue, employee numbers and profitability of the top 100 medical technology companies headquartered and manufacturing 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 rankings by revenue, the analysis also reveals that the German medical technology landscape is dominated by many "hidden champions," i.e., companies relatively unknown to the public. Among them, there is a high proportion of traditional family-run businesses.
MATTHIAS MEYER, MANAGING DIRECTOR OF MEYER INDUSTRY RESEARCH, ON THE MARKET STUDY
"Medical technology is one of the world's growth markets. Even though US medical technology manufacturers clearly dominate the global market, German companies are among the innovation and technology leaders in many areas. We would like to showcase these "hidden champions" of the German medical technology industry in our current ranking. It is striking that the industry in Germany is characterized by a few large and many medium-sized companies. Many medical technology companies in our ranking have fewer than 1,000 employees and yet 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 Medical Technology Market Study shows that medical technology manufacturers in Germany continue to enjoy above-average profitability. EBIT margins recently ranged from high single-digit to low double-digit.
Medical technology as a job engine: The average number of employees in 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 Germany's number one medical technology location: The heart of German medical technology beats in Baden-Württemberg. One in three of the top 100 companies is headquartered in this state. North Rhine-Westphalia, Bavaria, and Hesse follow in their ranks as important medical technology locations.
Medtech cities: Hamburg, Munich, and the Cologne/Düsseldorf region have a particularly high density of medical technology companies. As the study "Top 100 Medical Technology Companies Germany 2025" by MEYER INDUSTRY RESEARCH shows, these cities are home to strong technology clusters in the medical technology industry in Germany.
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MEYER INDUSTRY RESEARCH specializes in the creation and implementation of market analyses automotive, mechanical engineering, medical technology, energy technology , and electronics sectors, we develop fact-based and reliable decision-making bases with our professional market analyses.
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