Siemens is the medical devices company most prolific at making international expansions, followed by B. Braun and Medtronic. GlobalData’s medical devices foreign direct investment (FDI) company report highlights the current foreign investments made by leading medical devices investors. Buy the report here.
Siemens has been the most active medical devices greenfield investor between Q1 2019 and Q2 2024, according to GlobalData’s FDI Projects Database. The parent company has been actively investing through several of its subsidiaries/company divisions.
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Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
The majority of Siemens investments were in the diagnostic imaging subsector. In fact, 6.3% of its total foreign investments were in this subsector. It also created projects across a further 39 subsectors.
By business function, most (30.4%) of Siemens projects were related to manufacturing. R&D and sales, administration & marketing were the next most popular operations undertaken by Siemens.
The company has been active across nine world regions, mainly focused on Asia which received 18.4% of the company’s greenfield investments between Q1 2019 and Q2 2024. Its top three destination countries (by number of greenfield FDI projects) were India, the US, and France. Combined these three countries account for 204.8% of its total number of medical devices investments.
Siemens created more FDI projects in 2022 compared to any other year between Q1 2019 and Q2 2024.
Other leading FDI project generators in the medical devices industry include B. Braun, Medtronic, Danaher and Boston Scientific.
The US is the leading source market for outbound medical devices greenfield FDI projects. The country accounts for 29.9% of total outbound medical devices investment projects. There have been 165 unique parent companies from the US that have announced medical devices FDI projects between between Q1 2019 and Q2 2024.
To further understand the top medical devices FDI companies, access GlobalData’s Top Medical Devices Foreign Direct Investment Companies report.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s FDI Projects Database records greenfield FDI throughout the world in real-time. The data can be used to analyse company cross-border expansion activities as well as identify industry, thematic and geographic trends.
