Danish and Swedish medical device companies lead the Nordic region's medtech industry, with large companies like Roche, Novo Nordisk, and Siemens Healthcare producing point-of-care diagnostic systems, medical imaging equipment, and connected health technologies. While these large firms dominate, the region is also home to 484 total medtech companies, including smaller emerging companies focusing on areas like hearing aids, audio diagnostics, and 3D medical device design. Products in development showcase strengths in portable diagnostics, disposables, and assistive technologies. Growing trends indicate opportunities in light-based and sound-based treatments, building on Danish companies' experience in audiology.

1. MEDICAL DEVICE
INDUSTRY
Denmark/Sweden

2. Leading Companies:
■ Roche
– Point of Care systems: used for checking vital levels of the patient
– Connection to a telehealth system
■ Novo Nordisk
– Similar POC system for diabetic patients
■ Siemens Healthcare
– Medical imaging systems: x-rays, ultrasound scanners, IT systems

3. Other Large Companies
■ Oticon
– Focus on hearing aids
■ Auditdata
– Complete audio diagnostic solutions utilising sound generating and response
reading devices
■ Otimetrics
– Similarly, focus on diagnostics but using ‘groundbreaking 3D digital design’

4. Smaller CompaniesWith Potential
■ With a total of 484 ‘medtech’ companies in the Nordic region, a huge number of newer
companies are emerging.
‘When it comes to Danish medical technology, there is a tradition for collaboration
between universities, hospitals and the industry.The overarching philosophy is ‘we’re in
this together’
Source: Invest in Denmark and the Technical University of Denmark

5. Products In Development
’Diagnostics, disposables and assistive devices are already strongly established in the country’
■ Cortrium: C3 Holter Monitor
– Easy to use and wear heart monitor with PC and cloud integration.
■ Adolesco: Mobile 3D Gamma Camera
– GammaCamera is a fully mobile unit that can easily be transported to any patient in
the hospital to perform bedside analysis.
■ HemoCue: Portable POC system
– Tests blood and urine for diagnosis in relation to diabetes and anaemia. Easy to
use, providing clinical results quickly.
Source: Medical journalist Malene Louise Djurhuus

6. GrowingTrends?
‘Evidence points to light and sound being important when ensuring better treatment
outcomes. Danish companies like GN ReSound, Oticon andWidex have a long experience
of development within sound. So you can expect much from this front.’
Source: Christian Graversen, CEO of Welfare Tech