Annual Report 2017

2017 was another good year for Medistim, with continued growth and profitability. Sales for the group in 2017 ended at 301.5 MNOK (268.1 MNOK), a 12.5 % growth. In Medistim’s largest market, USA, there was a growth of 15.0 %. Asia and the rest of the world had a growth of 8.7 % and 23.4 % respectively.

We have further strengthened our position within cardiac bypass surgery, in particular in our most important market USA, where we now have achieved a market penetration of 20% measured as the share of bypass procedures done with Medistim’s devices. In addition, we have strengthened our position in Europe through the establishment of our direct operation in Spain.

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Annual report 2017