About Medical Devices sector in Germany
The Medical Devices sector in Germany comprises 1.18K companies, including 293 funded companies having collectively raised $2.86B in venture capital money and private equity. Out of these, 202 are Series A+ funded, and 1 has achieved unicorn status.
Medical Devices sector in Germany has seen 82 acquisitions and 67 IPOs. This represents almost 12.7% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies engaged in R&D for developing medical devices for the diagnosis and treatment of various medical conditions.
Medical devices used for treatment, screening, and diagnosis of diseases are included in this sector. Healthcare Service Providers, Digital Health Software Solutions (Apps and Web-based solutions), Traditional Medical Devices are excluded.
Top Medical Devices Companies in Germany
There are 1,177 Medical Devices startups in Germany which include Otto Bock, Brainlab, Paradigm Spine, JenaValve Technology, NeuroCare Group. Out of these, 293 startups are funded, with 202 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 17 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Imperial College London, Technion Israel Institute Technology and University of Cambridge.
Here is the list of top Medical Devices startups in Germany
1. Otto Bock
Manufacturer of prosthetic and orthotic solutions, and industrial exoskeletons. The company offers prosthetic solutions designed to support user movement. Orthotic solutions provide support, correction, and pain relief. Exoskeletons are developed to make workplaces more ergonomic, minimizing physical strain and increasing productivity.
Key facts about Otto Bock
- Founded Year: 1919
- Location: Duderstadt (Germany)
- Stage: Public
- Total Funding till date: $17M
- Investors: EQT, Military Health and 1 Other
- Latest Funding Round: Grant (prize money), Oct 01, 2022, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 130 Competitors
2. Brainlab
Brainlabs develops hardware and software focused on surgery and radiotherapy. Also offers patient data tools for collaboration and image sharing. It creates and integrates products for surgical planning, navigation, data management, intraoperative imaging and surgical follow-up. Radiotherapy offerings help providers plan, monitor and deliver radiation treatment. Has invested in Jan Medical, maker of a brain sensing and diagnostic device.
Key facts about Brainlab
- Founded Year: 1989
- Location: Munich (Germany)
- Stage: Series B
- Total Funding till date: $12.7M
- Investors: EMH Partners, Intel Capital and 3 Others
- Latest Funding Round: Series B, Nov 29, 2024, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 270 Competitors
Manufacturer of stabilization devices for the healthcare industry. It offers oflex Interlaminar Stabilization device non-fusion spinal implant solutions for lumbar spinal stenosis treatment
Key facts about Paradigm Spine
- Founded Year: 2005
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $142M
- Investors: Fifth Third Bancorp, HealthCor Partners and 6 Others
- Latest Funding Round: Conventional Debt, Dec 18, 2014, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 1 of 322 Competitors
Provider of pericardial transcatheter aortic valve replacement and delivery system. It offers Trilogy Valve with locator technology that includes a root valve sewn onto a stent and a delivery system for the treatment of aortic valve stenosis for treatment of patients suffering from the aortic valve insufficiency.
Key facts about JenaValve Technology
- Founded Year: 2006
- Location: Irvine (United States)
- Stage: Acquired
- Total Funding till date: $364M
- Investors: Valiance Asset Management, Sunstone and 19 Others
- Latest Funding Round: Series C, Dec 21, 2021, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 1 of 143 Competitors
Provider of noninvasive neurotechnology and personalized mental healthcare platform. The organization develops and supplies digital therapy systems combined with clinical protocols and training for transcranial magnetic stimulation, neurofeedback, EEG, and related neurological assessment tools. It offers a software-based best practice platform that supports clinicians in delivering individualized care through integrated devices, digital workflows, and therapy monitoring. The platform is deployed in its own network of clinics and licensed to third-party practices.
Key facts about NeuroCare Group
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Series B
- Total Funding till date: $37M
- Investors: Impact Expansion, Palo Santo and 58 Others
- Latest Funding Round: Series B, Feb 05, 2025, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 1 of 3 Competitors
Companies founded year-on-year in the Medical Devices sector in Germany
42 Medical Devices startups in Germany were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | 7 |
2022 | 14 |
2021 | 12 |
2020 | 31 |
2019 | 32 |
2018 | 35 |
2017 | 42 |
Stage-wise distribution of Medical Devices sector companies in Germany
Out of the total 1,177 Medical Devices companies in Germany, 293 have secured funding. Among them, 202 have reached Series A or higher, and 177 to Series B or beyond.
Founded - 1,177
Funded - 293
Series A+ - 202
Series B+ - 177
Series C+ - 162
Company Stage | No. of companies |
|---|---|
Founded | 1,177 |
Funded | 293 |
Series A+ | 202 |
Series B+ | 177 |
Series C+ | 162 |
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Funding Trends in the Medical Devices sector in Germany
Total funding year-on-year in the Medical Devices sector in Germany
The Medical Devices sector in Germany saw a total funding of more than $1.12B in the last 10 years. The most amount of funding was in 2021 at more than $201M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $31.7M |
2024 | $157M |
2023 | $81.1M |
2022 | $156M |
2021 | $201M |
2020 | $145M |
2019 | $71.2M |
2018 | $81.1M |
2017 | $98.1M |
Recent Funding Rounds in Medical Devices in Germany
In the year 2025, till August 2025, Medical Devices companies in Germany have raised $31.7M in equity funding across 5 rounds.
In the same period last year (i.e. till August 2024), Medical Devices companies in Germany had raised $123M across 7 rounds.
So, 2025 has seen a 74.26% drop in funding in Medical Devices companies in Germany as compared to 2024.
Here are some recent, important funding rounds in Medical Devices companies in Germany:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6911 | Aug 27, 2025 | ||
Series A | 7792 | Aug 08, 2025 | ||
Seed | 3785 | Feb 26, 2025 | ||
Series B | 2227 | Feb 11, 2025 | ||
Series B | 8518 | Feb 05, 2025 |
Top Investors in Medical Devices in Germany
EIT Health is the top investor in Medical Devices companies in Germany based on number of companies invested.
Here are some top investors in Medical Devices companies in Germany:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Munich (Germany) | ||
Bonn (Germany) | ||
Amsterdam (Netherlands) | ||
Stockholm (Sweden) | ||
Utrecht (Netherlands) |
M&A activity in Medical Devices sector in Germany
In the year 2025, till July 2025, 7 acquisitions happened in Medical Devices sector in Germany. Last year, in 2024, a total of 6 acquisitions happened in Medical Devices sector in Germany.
Here are some recent, important acquisitions in Medical Devices sector in Germany:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 08, 2025 | ||
Business Acquisition | Jun 07, 2025 | ||
Business Acquisition | May 22, 2025 | ||
Business Acquisition | Mar 21, 2025 | ||
Business Acquisition | Mar 11, 2025 |
Acquisition trends in Medical Devices sector in Germany
Here are the acquisition trends in Medical Devices sector in Germany:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 7 |
2024 | 6 |
2023 | 9 |
2022 | 7 |
2021 | 8 |
2020 | 8 |
2019 | 3 |
2018 | 5 |
2017 | 4 |
IPOs in Medical Devices in Germany
In the year 2025, till October 2025, 1 IPO happened in Medical Devices sector in Germany.
Here are some recent, important IPOs in Medical Devices sector in Germany:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 09, 2025 | Frankfurt Stock Exchange (FRA) | |
Feb 27, 2024 | Taipei Stock Exchange (TT) | |
Mar 16, 2018 | Frankfurt Stock Exchange (FRA) | |
Aug 14, 2015 | OTC Markets (OTCMKTS) | |
Oct 31, 2006 | Frankfurt Stock Exchange (FRA) |
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Colleges which produce the most Medical Devices companies in Germany
Companies founded by alumni from top colleges in the Medical Devices in Germany
Most number of Medical Devices startups in Germany have been founded by alumni from Imperial College London, Technion Israel Institute Technology and University of Cambridge.
College | No. of companies |
|---|---|
Imperial College London | 2 |
Technion Israel Institute Technology | 2 |
University of Cambridge | 2 |
Harvard University | 1 |
King’s College London | 1 |
London School of Economics and Political Science | 1 |
Stanford University | 1 |
Tel Aviv University | 1 |
University of Chicago | 1 |
University of Toronto | 1 |
Total funding in Medical Devices companies founded by alumni from top colleges in Germany
In the last 10 years, Technion Israel Institute Technology graduates' Medical Devices companies in Germany have raised the most funding among top colleges. King’s College London alumni are second, and University of Cambridge alumni are third.
College | Total Funding |
|---|---|
Technion Israel Institute Technology | $711M |
King’s College London | $8.61M |
University of Cambridge | $2.3M |
Imperial College London | $675K |
University of Toronto | $79.3K |
Harvard University | - |
London School of Economics and Political Science | - |
Stanford University | - |
Tel Aviv University | - |
University of Chicago | - |
Top News in Medical Devices in Germany
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FDA Approves P&F USA’s TRICAV II Clinical TrialMedical Product Outsourcing•Dec 17, 2025•P&F Products and Features
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NovaBone partners with BEGO for distribution of advanced Dental PuttyGlobeNewswire•Oct 24, 2025•NovaBone, Bego
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BioLab Holdings Invests in Cold Atmospheric Plasma Tech for Wound CarePR Newswire•Oct 24, 2025•Terraplasma Medical, BioLab Holdings, terraplasma
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Brainlab Announces FDA Clearance and US Launch of Spine Mixed Reality NavigationBusiness Wire•Sep 18, 2025•Brainlab
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Neurocare Group Receives FDA Clearance for OCD Treatment with TMS DevicesNewswire•Aug 21, 2025•NeuroCare Group
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