-
€249.99 Incl. VAT
Our list of the largest medical technology companies in Germany provides you with comprehensive insights into the most important players in the German MedTech industry. In addition to current revenue and employee figures, you will find valuable information on industry focus, managing directors, and contact details. The data is conveniently available as an Excel file for direct download.
What is the highest-revenue German medical technology company in 2025?
Short answer: Siemens Healthineers. With total revenue of € 22.363 billion (FY 2024), Siemens Healthineers is, according to information from Researchgermany.de, the highest-revenue German medical technology company in 2025, clearly ahead of other German providers.
Company Profile
Company: Siemens Healthineers AG (DAX, publicly listed)
Legal Seat: Munich | Headquarters: Erlangen (other sites include Forchheim, Kemnath, Röttenbach, Rudolstadt, Marburg)
Employees: approx. 71,000 in >70 countries
Business Areas & Portfolio
Reporting Segments (IFRS)
- Imaging – MR, CT, X-ray, molecular imaging, ultrasound
- Diagnostics – In-vitro diagnostics (laboratory & point-of-care)
- Varian – integrated oncology solutions including radiation therapy
- Advanced Therapies – image-guided, minimally invasive therapy
Internal Organization (6 areas)
- Point of Care Diagnostics
- Laboratory Diagnostics
- Diagnostic Imaging
- Ultrasound
- Advanced Therapy
- Services
Selected Products: Ultrasound systems, mammography, CT/MRI, angiography, conventional X-ray, PET∙CT/ SPECT∙CT/ PET∙MR, laboratory diagnostics, IT solutions, radiation and particle therapy.
Why number 1 in 2025?
- Highest revenue: € 22.363 billion (FY 2024) – ranking 1st in Germany.
- Broad, scalable portfolio across imaging, diagnostics, oncology, and therapy.
- Strong global presence and high relevance in growing healthcare fields (oncology, cardiovascular, AI-based imaging, laboratory automation).
Key Figures (FY 2024)
- Revenue: € 22.363 billion (2023: € 21.680 billion)
- Segments – revenue scale: Imaging > Diagnostics > Varian > Advanced Therapies
- Employees: ~71,000
Current Developments 2024/25
- Radiopharma portfolio expansion: Planned acquisition of parts of Novartis’ radiochemistry business (PET radiopharmaceuticals) to strengthen presence in the USA and Europe.
- Major contract in Canada: March 2025 order from the province of Alberta (approx. € 515 million) to improve imaging-based cancer diagnostics (MRI/CT).
Historical Overview (highly shortened)
- 1847: Siemens & Halske founded; from 1850–1866 electromedical devices
- 1896: Production of X-ray devices (RGS) after the discovery of X-rays
- 1932: Siemens-Reiniger-Werke (SRW) formed by merger (Erlangen/Berlin/Rudolstadt)
- 2001–2015: Renamings up to Siemens Healthcare GmbH; 2016 brand “Siemens Healthineers”
- 2018: IPO; listed in DAX since 2021
Competitive Comparison (Germany, most recent available revenues)
| Ranking | Company | Revenue | Year | Focus | Note |
|---|---|---|---|---|---|
| 1 | Siemens Healthineers | € 22.363 billion | 2024 | Imaging, IVD, oncology, therapy systems | Industry leader in DE |
| 2 | Fresenius Medical Care | € 19.454 billion | 2023 | Dialysis | – |
| 3 | Carl Zeiss (Group) | € 10.108 billion | 2023 | incl. MedTech/Optics | diversified |
| 4 | B. Braun | € 8.755 billion | 2023 | Medical & pharmaceutical products | – |
| 5 | Sartorius | € 3.396 billion | 2023 | Bioprocess technology/analytics | biopharma-heavy |
| 6 | Drägerwerk | € 3.374 billion | 2023 | Ventilation/anesthesia | Med- & safety-tech |
| 7 | Röchling | € 2.723 billion | 2023 | Plastic components | diversified, incl. MedTech |
| 8 | KARL STORZ | € 2.180 billion | 2023 | Endoscopy | Family-owned business |
Conclusion
Siemens Healthineers leads the German medical technology sector by revenue in 2025. The combination of strong imaging, a growing oncology division, solid laboratory diagnostics, and a global service presence ensures size, stability, and further growth potential.
Also of interest may be the recently published article presenting the 2025 update of the market-leading list of the largest medical technology companies.
Image source: Getty Images, 01.09.2025
Last Updated on 4 months ago
