An analysis of positions of strengths of Nordic health tech companies.

This report assembles a knowledge base for the Nordic Welfare Solutions project, and gives an overview of the core qualities and strongholds of the Nordic health tech ecosystem, concentrating exclusively on health tech solutions outside of the pharmaceutical industry.

Health tech solutions are increasingly part of larger health solution value chains or ecosystems, and companies delivering them are therefore likely to benefit from closer cooperation across industries and countries. Closer Nordic cooperation can help create stronger networks and a critical mass of companies, as well as improve market access and aid Nordic companies inexporting their solutions.

The findings suggest that the Nordic healthcare systems consistently deliver high quality healthcare to their citizens. The region possesses a healthcare infrastructure with leading knowledge and institutions, which is essential for developing abusiness stronghold. Moreover, it finds that the Nordic region excels at delivering equitable care to all citizens, relative to comparable regions. This feature, in combination with indicators revealing a high level of trust toward public institutions aswell as between citizens, is likely to be important for the development, piloting and homemarket commercialization of treatments within personalized medicine.