Medical equipments market in Iceland: size, suppliers and public contracts
Market size and key facts
In 2025, public buyers in Iceland awarded 92 supply contracts for medical equipments through award notices on TED; the 1 of them that state a value (1.1%) add up to €566,859, a floor rather than the full contract value.
- Since November 2023, 29 companies have won 163 public supply contracts for medical equipments in Iceland, in 30 award notices from 4 public buyers.
- 96.9% of these awards went to companies registered in Iceland; the most frequent foreign origin is Denmark.
- The five companies that win most often hold 62% of all awards.
- 3.1% of the awards whose notice states the number of tenders received a single bid.
In proportion
All public purchasing in Iceland — general government spending on goods, services and investment, the measure the OECD and the European Commission use for public procurement — came to €5.29 billion in 2025, 15.5% of GDP (Eurostat). Award notices on TED cover only the contracts above the EU thresholds, so they show who wins, not the whole of that spending.
General government spending on goods, services and investment for health in Iceland came to €1.35 billion in 2024 (Eurostat, COFOG). How much of it reaches suppliers through tenders depends on how the country organises the sector — for example whether statutory health insurance is classified in government.
Source: Eurostat, government finance statistics (gov_10a_main, gov_10a_exp) and GDP (nama_10_gdp), retrieved 9 November 2026.
Updated · counted daily from contract award notices on TED and Eurostat international trade data · figures as JSON · free to quote with attribution (CC BY 4.0)
How to cite: Cresques, "Medical equipments market in Iceland", https://cresques.com/markets/is/331-medical-equipments, from TED contract award notices (© European Union) and Eurostat Comext, updated 13 November 2026. Licence: CC BY 4.0.
What industry and official reports say
- MedTech Europe estimates the European medical technology market at about €173 billion in 2025, at manufacturer prices, for the EU, Norway, Switzerland and the UK. MedTech Europe, The European Medical Technology in Figures (Data Hub)
- The European Commission states that public procurement accounts for 50% to 70% of the EU market for medical devices (Regulation (EU) 2025/1197, citing industry data). European Commission (Official Journal of the EU), Commission Implementing Regulation (EU) 2025/1197 imposing an IPI measure on medical devices originating in the PRC
- According to the same regulation, procedures worth €5 million or more were about 4% of EU medical device procurement procedures on TED in 2017–2022 but about 59% of their value. European Commission (Official Journal of the EU), Commission Implementing Regulation (EU) 2025/1197 imposing an IPI measure on medical devices originating in the PRC
- MedTech Europe counts more than 36,000 medical technology companies in Europe in 2025, about 90% of them SMEs. MedTech Europe, The European Medical Technology in Figures (Data Hub)
- Eurostat puts current healthcare expenditure in the EU at €1,720 billion in 2023, 10.0% of GDP; medical goods took 17.8% of it. Eurostat, Healthcare expenditure statistics - overview (Statistics Explained)
Figures from the publishers named, checked at the source on 9 November 2026. They measure the whole market (all buyers, different price bases and country scopes), so they are not comparable one-to-one with the public contract counts on this page.
- Winning companies
- 29
- since November 2023
- Award notices
- 30
- on TED
- Public buyers
- 4
- hospitals, schools, agencies
- Imports
- —
- no customs heading isolates this category
The market in numbers
Public supply contracts in Iceland: award notices published on TED from 2023-11 to 2026-11, by publication year.
- Contracts awarded
- 163
- in 30 award notices
- Awarded value
- €13M
- from 9% of awards with a published value
- Winning companies
- 29
- with at least one award
- Public buyers
- 4
- hospitals, cities, agencies
Table view
| 2024 | 31 |
| 2025 | 92 |
| 2026 | 40 |
Table view
| 2024 | €1.2M |
| 2025 | €566.9K |
| 2026 | €11.2M |
Table view
| Hospitals and health services | 131 |
| Cities, regions and central administration | 32 |
- Ísland163IS00
Table view
| Ísland | 163 |
- Small
- Micro
- SME (size not stated)
- Size not stated
Table view
| Small | 2 · 1.2% |
| Micro | 1 · 0.6% |
| SME (size not stated) | 42 · 25.8% |
| Size not stated | 118 · 72.4% |
- Denmark2
- Norway2
- Sweden1
Table view
| Denmark | 2 |
| Norway | 2 |
| Sweden | 1 |
- Reykjavík163
Table view
| Reykjavík | 163 |
Awards to companies registered in Iceland
96.9%
5 awards went to companies registered elsewhere.
Share of the 5 biggest winners
62%
Of all awards; a high share means a concentrated market.
Lots with a single bid
3.1%
Among 159 awards whose notice states the number of tenders.
How we count: one award per procedure, lot and winning company, from live contract award notices; a joint procurement counts on every buyer's market. Values are the awarded amounts published in the notice (framework ceilings and estimates are never added), converted to euro at the ECB yearly average. Company size is the SME flag of the notice (eForms BT-165). Read the methodology.
The same category across Europe: all 30 countries compared →
Among the companies that win most often
- B. Braun Medical A/S39 public contracts in total
- B Braun Medical AS10 public contracts in total
- Zimmer Biomet Sweden AB12 public contracts in total
Where this industry meets in Iceland
- COMPAMEDTrade fair · Düsseldorf, Germany
- MEDICATrade fair · Düsseldorf, Germany
- World Health Expo Dubai (WHX, formerly Arab Health)Trade fair · Dubai, United Arab Emirates
- BULMEDICATrade fair · Sofia, Bulgaria
- HospitalarTrade fair · São Paulo, Brazil
- 31st WONCA Europe ConferenceCongress · Ljubljana, Slovenia
Watch this market
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Which of these 29 companies could distribute your product?
A Cresques market map of Iceland for this category shows the companies that win these contracts: how often, for how many buyers and for how much, and whether the leading ones are distributors or manufacturers.
Open this market map — freeFree account, no card: one market map, showing the first 5 companies with their contract awards. Paid plans show every company.
After sign-in the new-market form opens with Iceland and Medical equipments filled in.
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One page by e-mail within one working day: three distributors that already win public contracts for this kind of product in the country you choose, each one checked (is it a distributor, or a manufacturer's own sales company?), with its contract record, and the price of the full shortlist. If we can find fewer than three, the reply says so.
Read how to enter the Iceland market.
Questions
- Who wins public contracts for medical equipments in Iceland?
- 29 companies won 30 contract award notices for these categories from 4 public buyers in Iceland since November 2023. The companies that win most often are B. Braun Medical A/S, B Braun Medical AS, Zimmer Biomet Sweden AB.
- How big is the medical equipments market in Iceland?
- In 2025, public buyers in Iceland awarded 92 supply contracts for medical equipments through award notices on TED; the 1 of them that state a value (1.1%) add up to €566,859, a floor rather than the full contract value.
- Where do suppliers of medical equipments meet buyers and distributors in Iceland?
- At trade fairs and congresses such as COMPAMED, MEDICA, World Health Expo Dubai (WHX, formerly Arab Health), BULMEDICA, Hospitalar, 31st WONCA Europe Conference — each checked on the organiser's official website.
- How do I find a distributor for medical equipments in Iceland?
- Create a free Cresques account and open the market map for Iceland and this category. It shows the companies that win public contracts there, how often, for how many buyers and for how much: the first 5 on the Free plan, every company on a paid plan. Where the data exists, the map also shows wholesalers from the business register, import figures and the industry's trade fairs.
Sources: contract award notices on TED — Tenders Electronic Daily (ted.europa.eu), © European Union, published since November 2023, processed by Cresques (one award per procedure and lot); no import figure: Eurostat's customs headings do not isolate this category.