Customer concentration
A limited number of customers contribute a large share of turnover and earnings.
- Scope
- Revenue and earnings
- Materiality
- high
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.
| % | |
|---|---|
| Simulation platforms | 70% Software and hardware systems used to simulate interventional procedures for training and proficiency development. |
| Software and remote learning | 15% Digital training, remote education, and software-based learning tools for clinicians and device teams. |
| Patient-specific planning | 10% Ankyras-based decision-support tools that help plan treatment for specific patients and procedures. |
| Physical simulation and accessories | 5% Physical simulation products and related components used in medical training environments. |
Mentice sells to medical device companies, hospitals, healthcare systems, and clinical training organizations that need...
- Medical device companiesprimary
Buy simulation systems and software to train sales teams, support product launches, and educate clinicians.
- Healthcare systems and hospitalsprimary
Use training platforms and planning tools to improve procedural quality and standardize care.
- Clinical training and education providerssecondary
Purchase simulation tools for physician training, certification, and skills development.
- Research and innovation teamssecondary
Use digital vascular twins and planning software for procedure development and evaluation.
Mentice reports revenue across the Americas, EMEA, and APAC, with the Americas as its largest region...
- •Americas accounted for 54% of 2025 revenue
- •EMEA accounted for 30% of 2025 revenue
- •APAC accounted for 16% of 2025 revenue
- •Offices and representation span Europe, the US, and Asia
- •Global footprint supports device-company and hospital customers
Mentice’s strategy is centered on image-guided interventional therapy education, combining simulation realism with...
01
Expand IGT education and training solutionsmedium-term
This is the core market where Mentice differentiates through clinical realism and procedure training.
02
Capture healthcare system network opportunitiesmedium-term
Large hospital networks can scale adoption across many clinicians and sites.
03
Increase software and remote learning mixshort-term
Software can broaden reach beyond physical installations and support recurring usage.
Mentice faces customer concentration, IT and hardware reliability risks, and exposure to international currency and...
IT and hardware disruption
The business depends on IT systems and hardware to produce and deliver solutions on time.
- Scope
- Operations and delivery
- Materiality
- high
Currency risk
Revenue is mainly in USD and EUR while costs are in SEK, USD, and EUR.
- Scope
- International sales and procurement
- Materiality
- high
Supply chain and geopolitical disruption
Third-party suppliers and global manufacturing links can be affected by conflict or logistics issues.
- Scope
- Simulator manufacturing and component supply
- Materiality
- high
Regulatory and compliance risk
Operating across jurisdictions increases exposure to local rules, anti-corruption, and competition law.
- Scope
- International operations
- Materiality
- medium
Revenue recognition and contract balances
Agreement assets and liabilities are material on the balance sheet
Derivative accounting
Can create period-to-period volatility in financial income
Goodwill and intangible assets
Write-down risk if expected cash flows weaken
Estimates and assumptions
Reported earnings and balance sheet values can change with revised assumptions
: 11/08/2026