Best Traditional Medical Devices Companies in Sweden
The 57 best Traditional Medical Devices companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Palette Life Sciences.
Sweden's Traditional Medical Devices sector is what this directory maps, ranking 57 tracked companies by disclosed equity funding and recent funding momentum. Total disclosed funding sits at $53M across the cohort, with Palette Life Sciences leading at $30M and Capitainer not far behind at $22M. No unicorns yet, but the funding is concentrated where it counts.
The global backdrop gives you the scale: the traditional medical devices market was valued at roughly $425.2B in 2021 and is forecast to reach $801.3B by 2029, a 7.0% CAGR driven largely by aging demographics and sustained investment in new product development. I'll note that Sweden's cluster here, anchored by investors like Almi Invest, the EIC Fund, and Sahlgrenska Science Park, reflects exactly the kind of regional specialization that tends to outperform in a market growing this steadily. Median app install growth of roughly +19% year-over-year across medical devices categories signals that digital adjacency is pulling the sector forward too. So where does a $53M disclosed pool go in a $425B global market? Mostly into the companies solving specific clinical problems, which is exactly the signal worth tracking here.
- IDC
- ResearchAndMarkets.com
Our analysis of 50 Traditional Medical Devices companies
$5.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Traditional Medical Devices companies in Sweden
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Palette Life Sciences Manufacturer of generic finished formulations | $30M | 39 mo ago | Acquired | — | 2016 | — | 4 patents Thermogel-based anesthetic and soft tissue augmentation formulations for pain management | — |
| 2 | Capitainer Manufacturer of laboratory devices | $22M | 28 mo ago | Series A | Christopher Aulin CEO | 2016 | WordPressMySQLPHP+29 | 48 patents Microfluidic blood sampling and analysis devices for plasma separation and quantitative assays | — |
| 3 | PressCise Manufacturer of wound care products | $602K | 106 mo ago | Seed | Torbjorn Lundh Co-Founder | 2014 | — | 34 patents Medical compression garments and elastic bandages for therapeutic pressure therapy. | — |
| 4 | Sting Free Manufacturer of snus and nicotine pouches | $434K | 48 mo ago | Seed | Daniel Wiberg CEO | 2022 | WordPressMySQLPHP+17 | 6 patents Oral smokeless tobacco formulations for nicotine delivery | — |
| 5 | LinkoCare Life Sciences AB Developer of bioengineered corneal implants for sight restoration. | $349K | 126 mo ago | Funding Raised | — | 2013 | — | 6 patents Collagen hydrogel materials for implantable ophthalmic devices | — |
| 6 | Emotra Provider of a psychophysiological test using electrodermal reactions to analyze habituation and identify… | $110K | 120 mo ago | Funding Raised | Daniel Rudeklint CEO | 2013 | — | 16 patents Psychiatric risk assessment devices for depression relapse and suicide prediction | — |
| 7 | Getinge Manufacturer of surgical lights, operating tables, and anesthesia machine | — | 39 mo ago | Public | Gary Sufat CFO | 1989 | Apple iCloud MailTinyMCEJava+11 | — | — |
| 8 | Cellcomb Manufacturer of disposable laminate products for hygienic environments | — | 51 mo ago | Funding Raised | Daniel Ginman CEO | 1980 | — | 17 patents Flexible food packaging pouches for preserving and heating ready‑to‑eat meals | 1 launch |
Top 12 Traditional Medical Devices companies in Sweden
#1
Series A · Solna, Stockholm County · founded 2016 · 17 employees$21.7Mraised▾
Manufacturer of laboratory devices
- Feb 2024Series A$7.2M
- May 2023Series A$5.7M
- Dec 2022Angel—
- Oct 2022Grant (prize money)$34K
#2
Acquired · Stockholm, Stockholm County · founded 2016 · 127 employees$30Mraised▾
Palette Life Sciences manufactures generic finished formulations. Their major products include Deflux (for vesicoureteral reflux), Solesta (for fecal incontinence), Barrigel (for protection of the rectal wall), and Lidbree. They have a focus on therapeutic areas such as urology, urogynecology disorders, colorectal conditions, radiotherapy, and interventional oncology procedure.
- Mar 2023Conventional Debt—
- Oct 2021Conventional Debt—
- Oct 2021Series B$30M
#3
Seed · Lidingo, Stockholm County · founded 2022$434.2Kraised▾
Manufacturer of snus and nicotine pouches
- Jun 2022Angel$434.2K
#4
Seed · Herrljunga, Vastra Gotaland County · founded 2014 · 7 employees$602.4Kraised▾
Manufacturer of wound care products
- Sep 2017Seed$602.4K
#5
Funding Raised · Linkoping, Ostergotland · founded 2013 · 5 employees$348.9Kraised▾
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- Jan 2016Grant (prize money)$348.9K
#6
Funding Raised · Kista, Stockholm · founded 2013 · 3 employees$109.8Kraised▾
Emotra AB is a medical equipment manufacturing company that has developed the EDOR Test, a psychophysiological test that analyzes habituation through electrodermal reactions evoked by the brain in response to neutral sound signals. The test is used to identify hyporeactive patients, particularly among those who are depressed. Emotra AB's shares are traded on the Mangold list.
- Jun 2016Grant (prize money)$55.4K
- Mar 2016Grant (prize money)$54.4K
#7
Public · Gothenburg, Vastra Gotaland County · founded 1989 · 175 employees—raised▾
Manufacturer of surgical lights, operating tables, and anesthesia machine. Its offering includes products and solutions for intensive care, cardiovascular procedures, operating rooms, sterile processing and life science in hospitals.
#8
Funding Raised · Saffle, Varmland County · founded 1980 · 52 employees—raised▾
Developer and manufacturer of environmentally friendly laminate disposable products intended to be used in the food and health care industry. The company's products are used for single-use in environments where high standards of hygiene, comfort and safety are concerned, enabling customers to avail eco-friendly products.
#9
Funding Raised · Sweden · founded 2008 · 4 employees—raised▾
Developer of medical adhesive fixators and novel surgical methodologies for bone restoration. It focuses on creating biocompatible, tissue-friendly adhesive resin-composites with high mechanical strength to improve bone fracture surgery and dental restorations. The company aims to replace metal fixators with patient-personalized composite-based fixators, enhancing patient recovery for both human and animal applications. It collaborates with research institutes and hospitals to commercialize its technology for clinical use.
#10
Public · Botkyrka, Stockholm County · founded 2005 · 220 employees—raised▾
Manufacturer of urinary catheters and endotracheal tubes
#11
Acquired · Vackelsang, Kronoberg County · founded 2012 · 23 employees—raised▾
Manufacturer of X-ray units
- 2012Seed—
#12
Acquired · Stockholm, Stockholm County · founded 1973 · 56 employees—raised▾
Manufacturer of medical devices for healthcare sector
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Traditional Medical Devices coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Medical Devices is moving in Sweden
A read on the academic research around Medical Devices — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 36 Sweden-affiliated papers.
- Lund University10
- Skåne University Hospital5
- Uppsala University4
- KTH Royal Institute of Technology3
- Karolinska Institutet3
- Robot5
- Surgical robot3
- Computer vision3
- Modular design2
- Stereoscopy2
- Legislation1
- European union1
- Harmonization1
- Certification1
- Quality (philosophy)1
- Risk analysis (engineering)2
- Biomedical engineering2
- Allergic contact dermatitis2
- Contact dermatitis2
- Allergy2
Where medical devices is researched across Sweden
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.