Top 100 Medical Technology Companies in Germany 2025 – Ranking & Market Analysis
An overview of Germany's top 100 medical technology companies
Our market analysis systematically identifies the 100 highest-revenue medical technology companies headquartered and manufacturing in Germany. In 2023, these top 100 companies achieved an average revenue of €900 million each.
Top 20 Medical Technology Companies in Germany 2025 (Excerpt from the Top 100 Ranking)
| Rank 2025 | Pursue | seat | Revenue 2023 (million €) | Change from previous year |
|---|---|---|---|---|
| 1 | Siemens Healthineers AG | Munich | 21.680 | -0,2% |
| 2 | B. Braun Melsungen AG | Melsungen | 8.755 | 3,0% |
| 3 | Abbott Laboratories Germany GmbH | Eschborn | 6.723 | 30,5% |
| 4 | Roche Diagnostics GmbH | Mannheim | 4.297* | -4,0% |
| 5 | Fresenius Medical Care AG (excluding services) | Bad Homburg vd Höhe | 4.060 | 2,0% |
| 6 | Drägerwerk AG & Co. KGaA | Lübeck | 3.374 | 10,8% |
| 7 | Paul Hartmann AG | Heidenheim | 2.353 | 1,8% |
| 8 | Carl Zeiss Meditec AG | Jena | 2.089 | 9,8% |
| 9 | Karl Storz SE & Co. KG | Tuttlingen | 2.170 | 5,4% |
| 10 | Gerresheimer AG | Düsseldorf | 1.991 | 9,5% |
| 11 | Olympus Europa Holding SE | Hamburg | 1.916 | 7,7% |
| 12 | BSN medical GmbH | Hamburg | 1.600 | n/a. |
| 13 | Ottobock SE & Co. KGaA | Duderstadt | 1.500 | 15,4% |
| 14 | Medtronic GmbH (including Sofamor Danek Deggendorf) | Meerbusch | 964 | 30,5% |
| 15 | Sirona Dental Systems GmbH | Bensheim | 923 | 30,5% |
| 16 | Johnson & Johnson Medical GmbH | Norderstedt | 903 | 30,5% |
| 17 | Löwenstein Medical GmbH & Co. KG | Bad Ems | 900* | n/a. |
| 18 | GE Healthcare Germany | Freiburg im Breisgau | 841 | -1,6% |
| 19 | Biotronik SE & Co. KG | Berlin | 808 | 30,5% |
| 20 | medi GmbH & Co. KG | Bayreuth | 800* | n/a. |
* Estimate Meyer Industry Research | ** EBITDA. Source: MEYER INDUSTRY RESEARCH, Market Analysis of Medical Technology Companies in Germany 2025. The complete ranking of the TOP 100 as well as key figures on EBIT, number of employees and product portfolio can be found in the free PDF study available for download.
Market analysis of medical technology in Germany: Top 100 ranking 2025
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.
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).
Medical technology industry in Germany: Where are the manufacturers located?
The heart of the German medical technology industry beats in Baden-Württemberg: Around a third of all top 100 companies have their headquarters there. Together with North Rhine-Westphalia, Bavaria, and Hesse, these four federal states account for more than three-quarters of all medical technology manufacturers in Germany.
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.
Frequently asked questions about the top 100 medical technology companies
Who is the largest medical technology company in Germany?
With a turnover of €21,680 million (2023), Siemens Healthineers AG leads the ranking, followed by B. Braun Melsungen AG and Abbott Laboratories Deutschland GmbH.
What is the average revenue of the top 100 medical technology companies?
The top 100 companies achieved an average revenue of €900 million per company in 2023, an increase of 7% compared to the previous year.
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