About Medical Devices sector in Denmark
The Medical Devices sector in Denmark comprises 176 companies, including 109 funded companies having collectively raised $811M in venture capital money and private equity. Out of these, 43 are Series A+ funded.
Medical Devices sector in Denmark has seen 17 acquisitions and 5 IPOs. This represents almost 12.5% 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 Denmark
There are 176 Medical Devices startups in Denmark which include Coloplast, Blue Ocean Robotics, Widex, WS Audiology, 3Shape. Out of these, 109 startups are funded, with 43 having secured Series A+ funding.
Over the past 10 years, an average of 6 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Copenhagen Business School, Harvard Business School and Harvard University.
Here is the list of top Medical Devices startups in Denmark
1. Coloplast
Manufacturer of medical devices for treating multiple diseases. The company has developed products for ostomy care, urology, continence care, and wound and skincare. The products are SenSura allows discretion for different types of ostomies and reduces leakage. The continence products are Conveen which is a urine bag and Biatain Silicone having 3DFit Technology conforms to the wound bed and reduces pooling to treat optimal wound healing conditions. In 2022, the company recorded annual revenues of $3.32B and a net profit of $0.65B.
Key facts about Coloplast
- Founded Year: 1957
- Location: Humlebaek (Denmark)
- Stage: Public
- Investors: Triodos Investment Management
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 108 Competitors
Manufacturer of professional service robots. It develops, produces, and commercializes autonomous mobile service robots for industries like healthcare, hospitality, and rehabilitation.
Key facts about Blue Ocean Robotics
- Founded Year: 2013
- Location: Odense (Denmark)
- Stage: Acquired
- Total Funding till date: $81.4M
- Investors: A P Moller Holding, Nordic Eye and 6 Others
- Latest Funding Round: Series B, Jan 05, 2022, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 6 of 717 Competitors
3. Widex
Hearing aids for unique conditions and with increased amplifications. It is a medical device company that develops, manufactures, commercializes hearing solutions.
Key facts about Widex
- Founded Year: 1956
- Location: Copenhagen (Denmark)
- Stage: Series A
- Total Funding till date: $5.38M
- Investors: Europa and Auris Luxembourg
- Latest Funding Round: Grant (prize money), Nov 01, 2017, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 5 of 354 Competitors
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4. WS Audiology
WSA is developing a device for treating hearing loss. The products provided are Signia and Widex. Signia is a wearable device for treating hearing loss and tinnitus. Widex is also a wearable device for treating hearing loss and it also has an app for customizing the sound and surroundings.
Key facts about WS Audiology
- Founded Year: 2019
- Location: Allerod (Denmark)
- Stage: Acquired
- Investors: EQT and Ardian
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 3 of 276 Competitors
5. 3Shape
Provider of 3D ear scanning systems. It offers 3D ear scanners to design and produce customized 3D-printed in-ear audio devices. Its product portfolio includes desktop 3D ear scanners, design software, and production management software that manages scanning, designing, printing, post-processing, and quality control of those devices.
Key facts about 3Shape
- Founded Year: 2000
- Location: Copenhagen (Denmark)
- Stage: Early Stage
- Total Funding till date: $36K
- Investors: EQT, Venture Cup and 1 Other
- Latest Funding Round: Unattributed, Dec 08, 2021, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 1 of 181 Competitors
Companies founded year-on-year in the Medical Devices sector in Denmark
15 Medical Devices startups in Denmark were founded in 2018 - 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 | 1 |
2023 | 5 |
2022 | 5 |
2021 | 5 |
2020 | 11 |
2019 | 10 |
2018 | 15 |
2017 | 8 |
Stage-wise distribution of Medical Devices sector companies in Denmark
Out of the total 176 Medical Devices companies in Denmark, 109 have secured funding. Among them, 43 have reached Series A or higher, and 30 to Series B or beyond.
Founded - 176
Funded - 109
Series A+ - 43
Series B+ - 30
Series C+ - 23
Company Stage | No. of companies |
|---|---|
Founded | 176 |
Funded | 109 |
Series A+ | 43 |
Series B+ | 30 |
Series C+ | 23 |
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Funding Trends in the Medical Devices sector in Denmark
Total funding year-on-year in the Medical Devices sector in Denmark
The Medical Devices sector in Denmark saw a total funding of more than $686M in the last 10 years. The most amount of funding was in 2025 at more than $131M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $131M |
2024 | $47.9M |
2023 | $36M |
2022 | $68.7M |
2021 | $54M |
2020 | $112M |
2019 | $87.1M |
2018 | $71.9M |
2017 | $43.5M |
Recent Funding Rounds in Medical Devices in Denmark
In the year 2025, till September 2025, Medical Devices companies in Denmark have raised $131M in equity funding across 5 rounds.
In the same period last year (i.e. till August 2024), Medical Devices companies in Denmark had raised $44.9M across 4 rounds.
So, 2025 has seen a 190.92% rise in funding in Medical Devices companies in Denmark as compared to 2024.
Here are some recent, important funding rounds in Medical Devices companies in Denmark:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4265 | Sep 09, 2025 | ||
Series A | 1535 | Aug 12, 2025 | ||
Series B | 1588 | Jun 23, 2025 | - | |
Seed | 8621 | Jun 18, 2025 | - | |
Series A | 6943 | Jan 06, 2025 |
Top Investors in Medical Devices in Denmark
Novo Holdings is the top investor in Medical Devices companies in Denmark based on number of companies invested.
Here are some top investors in Medical Devices companies in Denmark:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Hellerup (Denmark) | ||
Stockholm (Sweden) | WS Audiology and 3Shape | |
Copenhagen (Denmark) | ||
Copenhagen (Denmark) | ||
New York City (United States) | - |
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M&A activity in Medical Devices sector in Denmark
In the year 2025, till March 2025, 1 acquisition happened in Medical Devices sector in Denmark. Last year, in 2024, a total of 2 acquisitions happened in Medical Devices sector in Denmark.
Here are some recent, important acquisitions in Medical Devices sector in Denmark:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 19, 2025 | ||
Business Acquisition | Oct 03, 2024 | - | |
Business Acquisition | Feb 06, 2024 | ||
Business Acquisition | Jan 05, 2022 | ||
Business Acquisition | Jul 01, 2021 |
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Acquisition trends in Medical Devices sector in Denmark
Here are the acquisition trends in Medical Devices sector in Denmark:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 2 |
2023 | - |
2022 | 1 |
2021 | 3 |
2020 | 1 |
2019 | 1 |
2018 | 1 |
2017 | - |
IPOs in Medical Devices in Denmark
In the year 2020, till April 2020, 1 IPO happened in Medical Devices sector in Denmark.
Here are some recent, important IPOs in Medical Devices sector in Denmark:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 21, 2020 | Nordic and Baltic regions (NASDAQ OMX) | |
Apr 23, 2015 | Mexican Stock Exchange (BMV) | |
Sep 16, 2010 | OTC Markets (OTCMKTS) | |
Oct 12, 2007 | Frankfurt Stock Exchange (FRA) | |
Jun 02, 2000 | Nordic and Baltic regions (NASDAQ OMX) |
Colleges which produce the most Medical Devices companies in Denmark
Companies founded by alumni from top colleges in the Medical Devices in Denmark
Most number of Medical Devices startups in Denmark have been founded by alumni from Copenhagen Business School, Harvard Business School and Harvard University.
College | No. of companies |
|---|---|
Copenhagen Business School | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
London School of Economics and Political Science | 1 |
University College London | 1 |
University of California (Berkeley) | 1 |
Total funding in Medical Devices companies founded by alumni from top colleges in Denmark
In the last 10 years, University of California (Berkeley) graduates' Medical Devices companies in Denmark have raised the most funding among top colleges. Harvard Business School and Harvard University alumni are second.
College | Total Funding |
|---|---|
University of California (Berkeley) | $3.43M |
Harvard Business School | $1.47M |
Harvard University | $1.47M |
Copenhagen Business School | - |
London School of Economics and Political Science | - |
University College London | - |
Top News in Medical Devices in Denmark
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FluoGuide Receives Positive FDA Feedback on FG001 in High-Grade Glioma
accessnewswire.com•Sep 16, 2025•FluoGuide
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NEURESCUE Device Secures Historic CE Mark Approval for Non-Shockable Cardiac Arrest TreatmentBusiness Wire•Sep 09, 2025•Neurescue
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Curasight announces CTA acceptance for uTREAT® phase 1 brain cancer trial in USAPR Newswire•Aug 26, 2025•Curasight
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Nobel Biocare and 3Shape Announce Strategic Distribution PartnershipPR Newswire•Jun 23, 2025•Nobel Biocare, 3Shape
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Nobel Biocare and 3Shape Announce Strategic Distribution PartnershipBenzinga•Jun 23, 2025•Nobel Biocare, 3Shape
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FDA Clears Portable Blood & IV-Fluid Warmer System From Danish Medtech Company °MEQUBusiness Wire•Jun 07, 2024•MEQU
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