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Medical Device Manufacturing in Germany - Market Research Report (2013-2028)

Nina Koefler Nina Koefler Frankfurt, Germany Last Updated: September 2023 WZ C32.51DE

Revenue

€37,6Mrd.

2023

€42.4bn

Past 5-Year Growth

Profit

€X,XMrd.

Employees

158k

Businesses

1.249

Wages

€X,XMrd.

Medical Device Manufacturing in Germany industry analysis

In the period from 2020 to 2025, industry turnover grew by an average of 0.8% per year. Sales growth was primarily driven by the positive development of international business. Exports to North America and Asia grew particularly strongly. However, due to the sharp rise in personnel and logistics costs as well as raw material and energy prices and the high costs of implementing the EU Medical Device Regulation (MDR), the profit margin of many medical technology companies has deteriorated since 2021. Due to the higher costs and increased effort, especially for niche products or products with low quantities, many manufacturers are also deciding to withdraw certain products from the market. Other challenges included the increasing shortage of skilled labour and production restrictions due to supply bottlenecks, particularly in the area of electronic components. As a result, many companies in the sector are postponing investments, such as in the research and development of new products, or are gradually relocating their production abroad.

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    Market size and recent performance (2013-2028)

    Industry revenue has grown at a CAGR of 3.4% over the past five years, to reach an estimated €37,6Mrd. in 2023.

    Trends and Insights

    • The EU Medical Devices Regulation has significantly tightened the requirements for industry products. As a result, numerous products have been withdrawn from the market.
    • Additional trends and insights available with purchase

    Biggest companies in the Medical Device Manufacturing in Germany

    Company
    2025
    Market Share (%)
    2025
    Revenue ($m)
    2025
    Profit ($m)
    2025
    Profit Margin (%)
    2025
    Siemens Healthineers AG
    B. Braun SE
    Drägerwerk AG & Co. KGaA

    To view the market share and analysis for all 5 top companies in this industry, view purchase options.

    Products & Services Segmentation

    Industry revenue is measured across several distinct product and services lines, including Medical devices in the field of minimally invasive medicine, Medical devices in the field of cardiology and Medical devices in the field of orthopaedics. Medical devices in the field of minimally invasive medicine is the largest segment of the Medical Device Manufacturing in Germany.

    Trends and Insights

    <LI>Minimally invasive surgery comprises various surgical techniques in which operations are performed via minimal skin incisions.

    • For example, video cameras, light sources and surgical instruments are inserted into the body via the skin incisions. This requires the appropriate technology.</LI><LI>Keyhole surgery is a sub-area of diagnostic and interventional medicine and has established itself as the standard in many areas over the last few decades.</LI><LI>A potential PFAS ban would have a major impact on medical devices from this medical sector, which predominantly use fluoropolymers or fluoroelastomers from the PFAS group. Gall bladder, appendix, uterus or prostate could no longer be treated minimally invasively using endoscopic surgery without PFAS. As there is a lack of suitable replacement materials, such medical devices could disappear from the market.</LI>
    • More insights available in the full report

    Table of Contents

    About this industry

    Industry definition

    In the period from 2020 to 2025, industry turnover grew by an average of 0.8% per year. Sales growth was primarily driven by the positive development of international business. Exports to North America and Asia grew particularly strongly. However, due to the sharp rise in personnel and logistics costs as well as raw material and energy prices and the high costs of implementing the EU Medical Device Regulation (MDR), the profit margin of many medical technology companies has deteriorated since 2021. Due to the higher costs and increased effort, especially for niche products or products with low quantities, many manufacturers are also deciding to withdraw certain products from the market. Other challenges included the increasing shortage of skilled labour and production restrictions due to supply bottlenecks, particularly in the area of electronic components. As a result, many companies in the sector are postponing investments, such as in the research and development of new products, or are gradually relocating their production abroad.

    What's included in this industry?

    Products and services covered in the Medical Device Manufacturing industry in Germany include Medical devices in the field of minimally invasive medicine, Medical devices in the field of cardiology, Medical devices in the field of orthopaedics, Medical devices in the field of imaging procedures, Medical devices in the field of ophthalmology, Medical devices in the field of wound care, Medical devices in the field of minimally invasive medicine, Medical devices in the field of cardiology, Medical devices in the field of orthopaedics, Medical devices in the field of imaging procedures, Medical devices in the field of ophthalmology, Medical devices in the field of wound care and Other medical devices.

    Companies

    Companies covered in the Medical Device Manufacturing industry in Germany include Siemens Healthineers AG, B. Braun SE and Drägerwerk AG & Co. KGaA.

    Purchase this report to view all 5 major companies in this industry.

    Related Terms

    Related terms covered in the Medical Device Manufacturing industry in Germany include alginate, rapid prototyping, orthesis, augmented reality/virtual reality, de-risking and orphan devices.

    Industry Code

    WZ

    WZ C32.51DE - Medical Device Manufacturing in Germany

    Performance

    Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

    Analyst insights

    Total health expenditure. Healthcare expenditure includes expenditure on all goods and services used for prevention, treatment, rehabilitation and care, as well as the corresp...

    In this chapter (4)

    • Current Performance
    • Outlook
    • Volatility
    • Life Cycle

    Key metrics

    • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
    • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
    • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
    • Total Profit, Profit Margin, Profit per Business

    Charts

    • Revenue, including historical (2013-2022) and forecast (2023-2028)
    • Employees, including historical (2013-2022) and forecast (2023-2028)
    • Businesses, including historical (2013-2022) and forecast (2023-2028)
    • Profit, including historical (2013-2023)
    • Industry Volatility vs. Revenue Growth
    • Industry Life Cycle

    Detailed analysis

    • Trends in supply, demand and current events that are driving current industry performance
    • Expected trends, economic factors and ongoing events that drive the industry's outlook
    • Key success factors for businesses to overcome volatility
    • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

    Products and Markets

    Learn about an industry's products and services, markets and trends in international trade.

    Analyst insight

    <B>Medical devices in the field of minimally invasive medicine would be severely affected by a PFAS ban</B>. <LI>Minimally invasive surgery comprises various surgical techniqu...

    In this chapter

    • Products & Services
    • Major Markets
    • International Trade

    Key metrics

    • Largest market segment and value in 2023
    • Product innovation level
    • Total imports, level and trend
    • Total exports, level and trend
    • Trade Balance

    Charts

    • Products & services segmentation in 2023
    • Major market segmentation in 2023
    • International trade, including imports by country and exports by country

    Detailed analysis

    • Trends impacting the recent performance of the industry's various segments
    • Innovations in the industry's product or service offering, specialization or delivery method
    • Key factors that successful businesses consider in their offerings
    • Buying segments and key trends influencing demand for industry products and services
    • Recent trends in import and export volumes, country of origin or destination, and expected future trends

    Geographic Breakdown

    Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

    Analyst insights

    <B>The southern region has the largest share of companies in the medical technology sector</B>. <LI>Bavaria and Baden-Württemberg are among the three federal states with the m...

    In this chapter (1)

    • Business Locations

    Charts

    • Share of revenue, establishment, wages and employment in each region
    • Share of population compared to establishments in each region in 2023

    Tables

    • Number and share of establishments in each region in 2023
    • Number and share of revenue each region accounts for in 2023
    • Number and share of wages each region accounts for in 2023
    • Number and share of employees in each region in 2023

    Detailed analysis

    • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
    • Key success factors for businesses to use location to their advantage

    Competitive Forces

    Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

    Analyst insights

    Access to highly qualified labour. The industry is particularly dependent on highly qualified personnel in the area of research and development, but market participants also n...

    In this chapter (4)

    • Concentration
    • Barriers to Entry
    • Substitutes
    • Buyer & Supplier Analysis

    Key metrics

    • Industry concentration level
    • Industry competition level and trend
    • Barriers to entry level and trend
    • Substitutes level and trend
    • Buyer power level and trend
    • Supplier power level and trend

    Charts

    • Market share concentration among the top 4 suppliers from 2018-2023
    • Supply chain including upstream supplying industries and downstream buying industries, flow chart

    Detailed analysis

    • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
    • Key success factors for businesses to manage the competitive environment of the industry.
    • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
    • Key success factors for potential entrants to overcome barriers to entry.
    • Competitive threats from potential substitutes for the industry’s own products and services.
    • Key success factors for how successful businesses can compete with substitutes.
    • Advantages that buyers have to keep favorable purchasing conditions.
    • Advantages that suppliers have to maintain favorable selling conditions.
    • Key success factors for how businesses can navigate buyer and supplier power.

    Companies

    Learn about the performance of the top companies in the industry.

    Analyst insights

    Siemens develops highly complex products that contribute to improving medical care Siemens Healthineers is a global leader in healthcare with a focus on imaging, laboratory d...

    In this chapter

    • Market Share Concentration
    • Companies
    • Company Spotlights

    Charts

    • Industry market share by company in 2019 through 2023
    • Major companies in the industry, including market share, revenue, profit and profit margin in 2023
    • Overview of Siemens Healthineers AG's performance by revenue, market share and profit margin from 2017 through 2023
    • Overview of B. Braun SE's performance by revenue, market share and profit margin from 2017 through 2023
    • Overview of Drägerwerk AG & Co. KGaA's performance by revenue, market share and profit margin from 2017 through 2023
    • Overview of revenue, market share and profit margin trend for 2 additional companies

    Detailed analysis

    • Description and key data for Siemens Healthineers AG, and factors influencing its performance in the industry
    • Description and key data for B. Braun SE, and factors influencing its performance in the industry
    • Description and key data for Drägerwerk AG & Co. KGaA, and factors influencing its performance in the industry
    • Description, key data and performance trends for 2 additional companies

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    <B>Medical Research Act</B>. <LI>In March 2024, the Federal Cabinet approved the draft Medical Research Act. This draft aims to speed up and reduce bureaucracy in the approval...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

      Detailed analysis

      • Demographic and macroeconomic factors influencing the industry
      • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
      • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2013-2028)
      • IVA (2013-2028)
      • Establishments (2013-2028)
      • Enterprises (2013-2028)
      • Employment (2013-2028)
      • Exports (2013-2028)
      • Imports (2013-2028)
      • Wages (2013-2028)

      Top Questions Answered

      Unlock comprehensive answers and precise data upon purchase. View purchase options.

      What is the estimated market size of the Medical Device Manufacturing industry in Germany in 2023?

      The market size of the Medical Device Manufacturing industry in Germany is €37,6Mrd. in 2023.

      How many businesses are there in the Medical Device Manufacturing in Germany industry in 2023?

      There are 1.249 businesses in the Medical Device Manufacturing industry in Germany, which has declined at a CAGR of 1.6% between 2018 and 2023.

      Has the Medical Device Manufacturing industry in Germany grown or declined over the past 5 years?

      The market size of the Medical Device Manufacturing industry in Germany has been at a CAGR of 3.4% between 2018 and 2023.

      What is the forecast growth of the Medical Device Manufacturing industry in Germany over the next 5 years?

      The Medical Device Manufacturing in Germany market is forecast to over the five years from 2023 to 2028

      What are the biggest companies in the Medical Device Manufacturing industry in Germany?

      The biggest companies operating in the Medical Device Manufacturing market in Germany are Siemens Healthineers AG, B. Braun SE and Drägerwerk AG & Co. KGaA

      What does the Medical Device Manufacturing in Germany include?

      Medical devices in the field of minimally invasive medicine and Medical devices in the field of cardiology are part of the Medical Device Manufacturing industry.

      Which companies have the highest market share in the Medical Device Manufacturing in Germany?

      The company holding the most market share in Germany is Siemens Healthineers AG.

      How many people are/were employed in the Medical Device Manufacturing in Germany in 2023?

      There are 158k employed in the Medical Device Manufacturing industry in Germany 2023.

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      Methodology

      How are IBISWorld reports created?

      IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

      Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

      IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

      What data sources do IBISWorld analysts use?

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

      Key data sources in Germany include:

      • German Federal Statistics Office (Destatis)
      • European Statistics Office (Eurostat)
      • United Nations Comtrade

      Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

      These sources include:

      • Industry and trade associations
      • Industry federations or regulators
      • Major industry players annual or quarterly filings

      Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

      How does IBISWorld forecast its data?

      IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

      IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

      Learn more about our methodology and data sourcing on the Help Center.