Mentice
Mentice is a Sweden-based medical technology company focused on simulation and digital training for image-guided interventional therapy. Its business centers on software, hardware, and patient-specific planning tools used to train clinicians and support procedure planning across global healthcare and medical device markets.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueSoftware and hardware systems used to simulate interventional procedures for training and proficiency development.
Digital training, remote education, and software-based learning tools for clinicians and device teams.
Ankyras-based decision-support tools that help plan treatment for specific patients and procedures.
Physical simulation products and related components used in medical training environments.
Customers
Mentice sells to medical device companies, hospitals, healthcare systems, and clinical training organizations that need realistic interventional procedure simulation. It also serves research, education, and physician training users that want to improve procedural proficiency, standardize training, and support treatment planning.
Buy simulation systems and software to train sales teams, support product launches, and educate clinicians.
Use training platforms and planning tools to improve procedural quality and standardize care.
Purchase simulation tools for physician training, certification, and skills development.
Use digital vascular twins and planning software for procedure development and evaluation.
Strategy
Mentice’s strategy is centered on image-guided interventional therapy education, combining simulation realism with digital tools that improve training and procedure planning. The company is also expanding software-based remote learning and healthcare-system relationships, while using its global footprint and product portfolio to deepen adoption across device companies and clinical customers.
This is the core market where Mentice differentiates through clinical realism and procedure training.
Large hospital networks can scale adoption across many clinicians and sites.
Software can broaden reach beyond physical installations and support recurring usage.
Geography
Mentice reports revenue across the Americas, EMEA, and APAC, with the Americas as its largest region. The company has offices and representation in Sweden, the United States, Singapore, Japan, China, India, Brazil, Germany, Spain, and France, which supports global sales, customer support, and market access.
Risks
Mentice faces customer concentration, IT and hardware reliability risks, and exposure to international currency and geopolitical conditions. Because it sells into regulated healthcare and medical-device environments, changes in customer budgets, supply chains, or local rules can affect delivery timing and demand.
- Customer concentrationImpact: HighLikelihood: Medium
A limited number of customers contribute a large share of turnover and earnings.
Exposure: Revenue and earnings
- IT and hardware disruptionImpact: HighLikelihood: Low
The business depends on IT systems and hardware to produce and deliver solutions on time.
Exposure: Operations and delivery
- Currency riskImpact: MediumLikelihood: High
Revenue is mainly in USD and EUR while costs are in SEK, USD, and EUR.
Exposure: International sales and procurement
- Regulatory and compliance riskImpact: MediumLikelihood: Medium
Operating across jurisdictions increases exposure to local rules, anti-corruption, and competition law.
Exposure: International operations
- Supply chain and geopolitical disruptionImpact: MediumLikelihood: Low
Third-party suppliers and global manufacturing links can be affected by conflict or logistics issues.
Exposure: Simulator manufacturing and component supply
Accounting
Judgemental itemsMixed hardware/software contracts can shift revenue timing between periods.
Impact: Agreement assets and liabilities are material on the balance sheet
Forward exchange contracts are used to hedge currency exposure and are marked to fair value.
Impact: Can create period-to-period volatility in financial income
Goodwill, patents, trademarks, and internally developed assets require impairment review.
Impact: Write-down risk if expected cash flows weaken
Management judgment affects asset values, liabilities, and income recognition.
Impact: Reported earnings and balance sheet values can change with revised assumptions
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Last updated: 24/09/2026