What are HealthTech Startups?
Healthtech startups are innovative companies operating at the intersection of healthcare and technology, leveraging advanced technological solutions to address and enhance various aspects of the healthcare industry. These startups often develop and implement cutting-edge technologies, such as artificial intelligence, telemedicine, wearable devices, and data analytics, to improve patient care, streamline healthcare operations, and facilitate medical research.
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By introducing novel solutions, health-tech startups aim to optimize the delivery of healthcare services, enhance diagnostic capabilities, and promote preventive healthcare measures. Whether through digital health platforms, remote monitoring tools, or personalized health applications, these startups contribute to the ongoing digital transformation of the healthcare sector, ultimately striving to make healthcare more accessible, efficient, and patient-centred.
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Top 10 HealthTech Startups in Sweden
Table of Contents
Founded in 2013 by Dr Elina Berglund and Dr Raoul Scherwitzl, Natural Cycles is a Stockholm-based company pioneering the world of digital birth control. Their flagship app provides women with a safe and effective alternative to traditional hormonal methods, empowering them to take control of their reproductive health.It’s Vision to become the global leader in natural family planning, offering women a reliable and user-friendly method for achieving their pregnancy goals and Mission to empower women with accurate cycle tracking technology and personalized insights, giving them the knowledge and confidence to make informed decisions about their fertility.
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Natural Cycles stands out as the only digital contraceptive method recognized by regulatory bodies in both the US and Europe. This recognition stems from their extensive clinical research, demonstrating 93% typical-use effectiveness in preventing pregnancy. Users simply track their basal body temperature daily through the app’s connected thermometer, and the algorithm analyzes the data to predict fertile and non-fertile windows throughout their cycle. With over 8 million users worldwide and €54 million in funding, Natural Cycles is rapidly expanding its reach, offering a convenient and empowering alternative for women seeking non-hormonal contraception.
Getinge, established in 1904 by Olander Larsson, is a global leader in the medical technology industry, headquartered in Gothenburg, Sweden. Their vision is to empower healthcare providers worldwide with innovative solutions that improve patient outcomes and enhance the efficiency of healthcare delivery. It’s Mission to work in partnership with healthcare providers to provide the very best equipment and services for performing procedures, providing care, and improving people’s well-being.
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Getinge boasts an extensive portfolio of medical equipment and consumables, ranging from surgical instruments and anesthesia machines to sterilization systems and wound care products. Their commitment to innovation is evident in their ongoing research and development efforts, focusing on areas like minimally invasive surgery, digital healthcare, and sustainable solutions. With over 10,000 employees and operations in over 40 countries, Getinge is a major player in the global healthcare landscape. Their annual revenue exceeding €5 billion reflects their strong market position and dedication to providing high-quality solutions that make a difference for patients and healthcare professionals alike.
Joint Academy was founded in 2014 by Leif and Jakob Dahlberg, is a Stockholm-based startup offering a unique digital treatment program for patients with osteoarthritis and chronic joint pain. Their mission is to provide accessible and effective care, empowering individuals to manage their condition and improve their quality of life. Joint Academy’s Vision To be the world’s leading provider of digital tools and treatments for people with joint pain, empowering them to take control of their health and live an active life. Joint Academy’s program combines personalized exercise plans, educational modules, and motivational support delivered through a user-friendly mobile app.
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This evidence-based approach has been shown to significantly reduce pain, improve joint function, and increase physical activity levels in patients with osteoarthritis. The company, a product of a collaboration between the Swedish Rheumatism Association and the Swedish Association of Physiotherapists, has already helped thousands of patients find relief from joint pain. With €12 million in funding and partnerships with healthcare providers across Europe, Joint Academy is poised to revolutionize the management of chronic joint conditions.
Sciety was founded in 2014 by a founding team with diverse backgrounds in physics, business, medicine and finance, is a Stockholm-based investment syndicate dedicated to fostering the growth of promising life science companies in the Nordic region. Their mission is to provide early-stage funding and strategic guidance to support the development of innovative healthcare solutions.
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It’s Vision to be the leading life science investor in the Nordics, accelerating innovation and building transformative companies that improve people’s lives. Sciety operates through a unique model, combining the expertise of seasoned life science professionals with the financial backing of family offices and private investors. This approach allows them to provide comprehensive support to portfolio companies, including mentorship, market access, and strategic partnerships.
Headquartered in Stockholm, Flow Neuroscience was founded in 2016 by Daniel Mansson and Erik Rehn with a bold vision: to democratize access to effective depression treatment through innovative brain stimulation technology. Their flagship product, Flow, is the first and only clinically-validated home-use transcranial direct current stimulation (tDCS) headset approved by regulators in both the US and Europe. Flow employs a safe and non-invasive form of tDCS, delivering low-intensity electrical currents to specific regions of the brain associated with mood regulation.
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Through a personalized treatment plan guided by a companion app, users can undergo daily 20-minute sessions within the comfort of their own homes. Clinical trials have demonstrated significant reductions in depressive symptoms with Flow, offering a promising alternative to traditional medication or therapy. Flow Neuroscience has secured over €60 million in funding and is rapidly expanding its reach across the globe. Their innovative approach to depression treatment has garnered widespread acclaim, with endorsements from medical professionals and positive testimonials from satisfied users.
Born in Helsingborg, Sweden, in 1999 by Lars Lidgren, Bonesupport is a medical technology company dedicated to improving the lives of people with bone fragility fractures. Their mission is to provide innovative and effective solutions for treating and preventing these debilitating fractures, often associated with osteoporosis and other bone diseases. It’s Vision to be the global leader in bone cement augmentation, transforming the treatment of fragility fractures and significantly improving patient outcomes. Bonesupport’s flagship product, Cerament G, is an injectable osteoconductive biomaterial that acts as a bone substitute and scaffold.
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When injected into fractured bone, Cerament G promotes natural bone growth and strengthens the surrounding area, leading to faster healing and reduced risk of re-fracture. This minimally invasive procedure offers significant advantages over traditional metal implants, with shorter surgery times, lower infection risk, and improved long-term results.
With over €650 million in funding and extensive clinical data supporting its efficacy, Bonesupport’s technology is transforming fracture treatment worldwide. The company is actively engaged in research and development, expanding its product portfolio and reaching new markets. Their commitment to improving bone health makes Bonesupport a pioneer in the fight against osteoporosis and other bone fragility conditions.
Established in Malmö, Sweden, in 2004, Calliditas Therapeutics is a specialty pharmaceutical company focused on developing novel treatments for unmet medical needs in rare and orphan diseases. Their mission is to improve the lives of patients suffering from debilitating conditions by providing safe and effective therapeutic solutions. It’s Vision to become a leading global specialty pharmaceutical company, dedicating their expertise and resources to bringing impactful treatments to patients with rare diseases. Calliditas’ pipeline boasts several promising drug candidates currently undergoing clinical trials for various rare diseases, including nephropathic cystinosis, IgA nephropathy, and primary sclerosing cholangitis.
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Their lead product, Nefecon (peglintistat), has already received marketing authorization in Europe for the treatment of nephropathic cystinosis, a life-threatening genetic disorder. With over €350 million in funding and a team of dedicated scientists and researchers, Calliditas is committed to advancing scientific understanding and developing innovative therapies for rare diseases. Their unwavering dedication to making a difference for patients inspires hope and paves the way for a future where even the rarest conditions can be effectively managed.
Stepping away from traditional calipers and scales, Gothenburg-based AMRA brings us into the future of body fat measurement with their innovative magnetic resonance technology. Founded in 2010 by Magnus Borga and Olof Dahlqvist Leinhard, AMRA’s mission is to provide a precise, accessible, and safe way to understand body composition, empowering individuals to make informed health decisions. AMRA’s flagship product, the mBody scan, utilizes sophisticated magnetic resonance technology to capture a detailed picture of body fat distribution throughout the body. Unlike bioimpedance scales or underwater weighing, mBody scans are completely radiation-free and deliver highly accurate results within minutes.
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This valuable data goes beyond simply tracking overall body fat percentage, revealing insights into visceral fat, muscle mass, and even bone density, providing a comprehensive view of body composition. With €44 million in funding and partnerships with healthcare providers and fitness centers, AMRA is rapidly expanding its reach, offering a game-changer in body fat measurement. Their technology holds immense potential for personalized health management, allowing individuals to track progress, optimize training regimes, and make informed choices about their health and well-being.
In Uppsala, Sweden, Dynamic Code takes a unique approach to healthcare by translating cutting-edge research into practical diagnostic solutions. Founded in 2000 by Anne Kihlgren, the company’s mission is to equip medical professionals with reliable and insightful tools to improve patient diagnosis and treatment outcomes. Dynamic Code boasts a diverse portfolio of diagnostic tests and health monitoring tools, ranging from advanced genetic analyses for neurological disorders to rapid infectious disease detection kits.
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Their focus lies on bridging the gap between scientific advancements and real-world clinical applications, ensuring healthcare providers have access to the latest innovations for accurate and timely diagnoses. One of their flagship products is the AlzoSure test, a rapid diagnostic tool for Alzheimer’s disease. Employing a simple blood test, AlzoSure offers early detection of the neurodegenerative condition, paving the way for personalized treatment strategies and improved patient outcomes. Dynamic Code’s commitment to translating research into actionable insights makes them a vital player in advancing preventative and personalized healthcare.
Since 2005, Stockholm-based Bactiguard has been at the forefront of infection prevention, protecting patients and healthcare professionals from the invisible threat of harmful bacteria. Their vision is to create a world free from healthcare-associated infections (HAIs), ensuring safer treatment environments and improved patient outcomes. Bactiguard’s core technology revolves around patented silver coating solutions applied to medical devices and surfaces. This innovative coating disrupts bacterial growth and biofilm formation, effectively preventing infections associated with catheters, implants, and other medical equipment.
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Their diverse product portfolio caters to various healthcare settings, offering solutions for wound care, urinary tract infections, and even surgical site infections. With over 150 million coated devices distributed worldwide and €50 million in funding, Bactiguard’s impact is undeniable. Their technology has demonstrably reduced HAIs in hospitals, saving lives and reducing healthcare costs. As they continue to expand their reach and develop new applications, Bactiguard’s vision of a safer healthcare landscape becomes more attainable with each passing day.
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Frequently asked questions (FAQs)
Name the Top 10 HealthTech Startups in Sweden?
Natural Cycles, Getinge, Joint Academy, Sciety, Flow Neuroscience, Bonesupport, Calliditas Therapeutics, AMRA, Dynamic Code, and Bactiguard are Top 10 HealthTech Startups in Sweden.
Who founded Joint Academy?
Joint Academy was founded in 2014 by Leif and Jakob Dahlberg.