Sweden is a world leader in medical technology with a healthcare equipment landscape based on a long tradition of interdisciplinary collaboration between engineering and medicine. Living up to this legacy, the UK has pioneered innovations such as the implantable pacemaker, the dialysis machine, the Servo ventilator, and the Gamma Knife—life-saving solutions that still resonate in healthcare around the world. What makes the Swedish medtech landscape unique today is not only the legacy of invention but also the ability to adapt, with companies pivoting to AI-driven diagnostics, software-based imaging, and advanced patient monitoring systems.
The sector is characterized by two different types of players: large, publicly traded multinationals with broad product portfolios (Getinge, Arjo) and specialized, often smaller, companies focusing on niche innovations (Senzime in monitoring and Corsmed in MRI software). Many of these companies are found within the Medicon Valley cluster, which covers the Öresund region between Sweden and Denmark. These five companies are the most powerful expressions of Swedish know-how in the manufacturing of healthcare equipment—from life-saving cardiopulmonary devices to precision surgical instruments to AI-enhanced diagnostic systems.
Top 5 Healthcare Equipment Manufacturers in Sweden
- Getinge AB
- Arjo AB
- Elos Medtech AB
- Stryker (Jolife AB)
- Senzime
A Closer Look at the Top 5 Swedish Healthcare Equipment Manufacturers
1. Getinge AB
Getinge AB, based in Gothenburg, is one of Sweden’s largest and most internationally important medical technology companies. The company provides a broad portfolio of products for acute care, surgical procedures, and life sciences in hospital, pharmaceutical, and research settings. With a presence in the market Americas (45% of sales), Europe, the Middle East, and Africa (35%), and Asia-Pacific (25%). Getinge is a true multinational player offering comprehensive solutions for intensive care units, operating theaters, and sterile processing departments.
Key Products
Getinge reports its operations across three core segments, each addressing critical areas of hospital and research infrastructure:
- Acute Care Therapies (52% of revenue): Ventilators for respiratory support, life support systems, and advanced patient monitoring equipment for intensive care units.
- Surgical Workflows (35% of revenue): Surgical tables, lights, and sterilization equipment, including surgical stents and sterile transfer systems for efficiency and infection control in the operating room.
- Life Sciences (13% of revenue): Sterilizers and sterile transfer systems for pharmaceutical production and research laboratories.
Achievements
- Generated total revenue of SEK 38.76 billion (USD 3.7 billion approx.) for 2025, indicating significant scale.
- Acute care therapies expanded from SEK 20.01 billion in 2024 to SEK 21.70 billion in 2025, reflecting robust demand for critical care solutions.
- Supplies products to hospitals worldwide, working in more than 100 countries in operating theatres and ICUs.
Feedback
Getinge is a leading provider of infrastructure for life-critical environments in surgery and intensive care to healthcare institutions. The company offers a variety of products, enabling hospitals to purchase multiple systems from a single vendor, which simplifies procurement and maintenance. But some customers note that smaller, more agile competitors might be able to achieve faster innovation cycles in specialized niches than a large organization.
Contact Information
Website: https://www.getinge.com
2. Arjo AB
Arjo AB is a publicly listed medical technology company headquartered in Malmö, Sweden. The company is focused on solutions for the mobility-impaired patient and their caregivers in healthcare . Founded in 1957, Arjo has built a strong reputation within patient handling, hygiene and pressure injury prevention. The company got listed on the stock exchange through an IPO in December 2017 and currently has a market capitalisation of about SEK 6.97 billion .
Key Products
Arjo’s product portfolio is designed to improve safety and outcomes for both patients and caregivers, particularly in elderly care and rehabilitation settings:
- Patient Handling Systems: Ceiling lifts, mobile lifts and slings to safely transfer patients with reduced mobility, protecting patients and staff from injury.
- Medical Beds: Hospital beds that can be adjusted for patient comfort, pressure redistribution, and caregiver ergonomics.
- Hygiene and Disinfection Equipment Bathing systems and hygiene solutions for patients with limited mobility.
- Pressure Injury Prevention: Pressure Ulcers and Specialised mattresses and support surfaces to reduce the risk of them, a major concern in long-term and acute care facilities.
- Venous Thromboembolism (VTE) Prevention: Tools to help avoid dangerous clots in patients who can’t move.
Achievements
- – Formed a strategic partnership with Bruin Biometrics (BBI) to become the sole global distributor of the Provizio® SEM Scanner, a handheld, wireless device for rapid pressure injury risk assessment. The SEM Scanner is the only device approved as an adjunct to routine clinical skin assessment for the detection of pressure ulcers.
- Partnered with Seating Matters, a therapeutic seating specialist, to provide clinically designed chairs for patients with specific needs such as pressure injury risk, fall risk, obesity and dementia (Atlanta, Phoenix, Sorrento).
- December 2017 IPO on Nasdaq Stockholm, access to public markets and financial transparency.
Feedback
Arjo is a proven leader in long term care and rehab settings, where patient handling and pressure injury prevention are everyday operational priorities. The exclusive distribution of the Provizio® SEM Scanner is a major value add, addressing a condition – pressure ulcers – which costs healthcare systems billions each year. In the UK, pressure ulcers cost more than £38 million per month, while in the US 2.5 million patients are treated annually with costs of USD 268 billion.
Contact Information
Website: https://www.arjo.com
3. Elos Medtech AB
Elos Medtech AB is a leading Contract Development and Manufacturing Organisation (CDMO) for the medical device industry, headquartered in Gothenburg. Established in 1923 (as AB Götene Träindustri) the company branched into the medical device market during the 1950s, capitalising on its legacy in precision engineering. Today, Elos Medtech has nearly 1,500 employees at 13 locations in five countries and can offer end-to-end solutions from product design to sterile packaging and logistics.
Key Products
Elos Medtech operates through four market-focused business units and three technology divisions, offering OEM-level products and comprehensive manufacturing services:
- Dental Solutions – Over 40 years experience in dental implantology, including implants, prosthetic components and instruments. The Elos Accurate® portfolio offers digital workflow solutions for predictable restoration results – from scan to design and manufacturing.
- Orthopedics Trauma, Extremities, Spine, Sports Medicine & Joint Reconstruction 50+ Years Experience Products include implants, complex instrumentation and consumables and components for robot-assisted surgery.
- Advanced Surgical: Enabling technologies for navigated and robot-assisted procedures, covering cardiovascular, thoracic, urology, neurosurgery, and general surgical applications. Capabilities include managing complex geometries and integrating both plastics and metals.
- Precision Technology: High-precision CNC systems, 3D laser sintering and finishing technologies for demanding applications – expertise significantly expanded by acquisition of Klingel Group (2023).
- Medical Polymer Solutions Injection moulding of thermoplastic parts Automated and advanced moulding tools
- Sterile Packaging Solutions: Validation, sterile packaging and logistics for medical implants, instruments and consumables.
Achievements
- TA Associates acquires the company in a take-private transaction to facilitate ongoing growth and innovation .
- Acquired Klingel Group (December 2023), expanding precision technology capabilities and restructuring into four business units .
- Demonstrated outcomes in critical partnerships: Elos reduced costs by over 50%, shortened lead time from 40 to 10 weeks, and created a program for fully assembled, ready-to-use surgical kits for a top orthopaedic company .
Feedback
Elos Medtech is in general perceived as a strategic partner rather than a contract manufacturer. With design and regulatory support, sterile packaging and logistics, the company’s end-to-end capabilities enable medtech customers to focus on their core objectives while Elos takes care of complex supply chains and product deliveries. With the recent takeover of Klingel Group, the company has expanded its expertise in the field of precision technology, especially in hard-to-machine materials and 3D laser sintering.
Contact Information
Website: https://www.elosmedtech.com
4. Stryker (Jolife AB)
Jolife AB, based in Lund and now a part of the global medical technology giant Stryker, is the developer and manufacturer of the LUCAS device—a mechanical chest compression system for cardiopulmonary resuscitation (CPR) in patients with cardiac arrest. The company is the world leader in the resuscitation of cardiac arrest patients with a singular focus on the global development, manufacture and marketing of products for emergency care and resuscitation.
Key Products
- LUCAS Chest Compression System: A mechanical device that provides consistent, high-quality chest compressions for patients experiencing cardiac arrest, in lieu of healthcare providers manually performing compressions. The device allows for continuous compressions during transport of the patient and allows the medical staff to focus on other critical interventions such as defibrillation and airway management .
- The LUCAS device is designed to deliver consistent depth and rate compressions, removing the fatigue variability that comes with manual CPR.
Achievements
- As part of Stryker, the LUCAS device will benefit from the global distribution, regulatory and clinical resources of one of the world’s largest medical technology companies.
- The LUCAS device is used by emergency medical services (EMS) and hospitals worldwide with clinical evidence to support the device’s role in improving outcomes in some cardiac arrest scenarios.
- Ideon Science Park in Lund is a leading incubator for deep-tech and life science, nurturing cutting-edge innovation .
Feedback
The LUCAS device is frequently used by EMS agencies and hospitals looking to standardize CPR quality. Clinical evidence shows that mechanical compression devices can deliver consistent, fatigue-free compressions – particularly useful during extended resuscitations or during patient transport in ambulances. The Stryker integration has accelerated global distribution and regulatory approvals.
Contact Information
Website: https://www.stryker.com
5. Senzime
Senzime is a specialized medical device company headquartered in Uppsala, Sweden, that is committed to precision-based patient monitoring. The company offers management of neuromuscular block and monitoring of respiratory function during and post surgical procedures . The larger manufacturers above make broad portfolios while Senzime is focused on specific high-value monitoring applications that have a direct impact on patient safety in the operating theatre and recovery room.
Key Products
- Neuromuscular Transmission (NMT) Monitoring Devices and Technologies designed to monitor and assess the neuromuscular junction in surgical procedures that require muscle relaxants. Appropriate intraoperative monitoring of NMT ensures adequate muscle relaxation and confirms recovery before extubation thus preventing complications.
- Respiratory Function Monitoring: Solutions to monitor respiratory status during and after surgery.
- The company holds 6 patents which include cardiac surgery, catheters and cell biology.
Achievements
- Senzime’s innovative technology has been recognized as a “Challenger” in the neuromuscular transmission monitoring market, competing with global giants such as Medtronic, GE Healthcare and Philips.
- Closed a PIPE (Private Investment in Public Equity) financing round to fund commercial growth.
- 24 June 2025 was the date of grant of one patent concerning muscle relaxants, quaternary ammonium compounds and related technologies.
Feedback
Senzime fills a valuable niche in the surgical safety ecosystem. Neuromuscular monitoring is an important part of anaesthesia management. Inadequate reversal of muscle relaxants can lead to serious post-operative complications. “Senzime is a known challenger to the big players like Medtronic and GE Healthcare, which means differentiated technology and increasing market acceptance.”
Contact Information
Website: https://www.senzime.com
FAQ
Which Swedish healthcare equipment company is the largest by revenue?
Getinge AB is the largest Swedish medical technology company by revenue, with SEK 38.76 billion (about USD 3.7 billion) in 2025. The company reports in three segments: Acute Care Therapies (52% of revenue), Surgical Workflows (35%) and Life Sciences (13%).
What does Arjo manufacture?
Arjo is a global leader in patient handling systems (ceiling and mobile lifts), medical beds, hygiene and disinfection equipment, pressure injury prevention mattresses and venous thromboembolism prevention devices. The company is dedicated to enhancing safety for people with mobility challenges and their caregivers. Arjo also holds exclusive distribution rights for the Provizio® SEM Scanner for pressure ulcer risk assessment.
What is the LUCAS device, and who makes it?
LUCAS is a mechanical device for chest compression that is used to perform CPR on cardiac arrest patients. It provides consistent, high-quality chest compressions that can substitute for manual compressions by health care providers. The device is made by Jolife AB, a Swedish company based in Lund, which is now part of the global medtech giant Stryker .
Is Elos Medtech a manufacturer or a service provider?
Elos Medtech is a manufacturer and service provider. The company is a Contract Development and Manufacturing Organisation (CDMO) providing services from product design and regulatory approval through to large-scale manufacturing and sterile packaging. In addition, Elos has its own OEM level products, especially in the dental segment (Elos Accurate® digital workflow solutions). The company has more than 40 years of experience in dental implantology and 50 years in orthopaedics .
What is Senzime’s specialised focus?
Senzime is a precision based patient monitoring company focused on neuromuscular block management and respiratory function. Their products assist anaesthesiologists and surgical teams in monitoring muscle relaxation during surgery and ensuring proper recovery prior to extubation. The company is one of the “Challengers” in the neuromuscular transmission (NMT) monitoring market along with Medtronic, GE Healthcare and Philips .
What makes Corsmed different from the manufacturers listed above?
Corsmed is a newer health-tech startup (founded in 2017) with a software focus rather than being a traditional hardware manufacturer. The company is developing an MRI simulator for training technologists and a clinical solution that claims MRI scans that are “10 times faster and with 10 times more diagnostic information” than current technology. The aim is to get a full digital twin of the body in just 5 minutes using only software — no additional hardware upgrades required.
Are there Swedish manufacturers of respiratory support equipment?
Yes. Getinge AB designs and manufactures ventilators and life support systems used in acute care and intensive care units in its Acute Care Therapies segment . The company has a strong heritage in respiratory support devices, including the iconic Servo ventilator, one of Sweden’s first medtech innovations.
What is the current regulatory environment for Swedish medtech companies?
Since the European Medical Device Regulation (MDR) came into force in 2021, the journey from innovation to market approval has become much more difficult. According to SwedenBIO, only a handful of new medtech innovations based on new technology have been approved within the EU since the implementation of MDR . Many Swedish medtech companies therefore see the US as their main market, due to clearer regulations and a greater willingness to pay for innovation. Swedish companies such as Neola Medical have participated in Swedish delegations to the World Expo in Osaka to promote innovations globally.
What is the Medicon Valley cluster?
Medicon Valley is a cross-border life science cluster in the Øresund Region between Eastern Denmark and Southern Sweden. It includes big medtech companies, research institutions, and university hospitals in cities such as Copenhagen, Lund and Malmö. Many of the companies listed above, like Getinge, Arjo and Stryker (Jolife), are located in or near this cluster.
