What Optinova does

Optinova is a privately-held specialty manufacturer of precision-extruded fluoropolymer and high-performance thermoplastic tubing, founded in 1971 and headquartered in Mariehamn, Åland, Finland. The company extrudes seven core material families — PTFE, FEP, PFA, ETFE, PVdF, MFA, and PEEK — into medical-grade and industrial tubing with stated capabilities including multi-lumen extrusion (up to 20+ lumens), sub-1% dimensional tolerances, etched PTFE liners, co-extrusion/multi-layer constructions, and ultra-thin-walled designs for minimally invasive devices. The business serves medical device OEMs (catheters, IV therapy, endoscopy, urology, cardiac rhythm management, heat shrink) and industrial customers (aerospace, semiconductor manufacturing, food/beverage, electronics/cable) via four sub-brands — Optinfusion™, Cableopt™, Coltex™ and Delitube™ — and a full in-house secondary operations service (flaring, spiral-cutting, etching, tip-forming, hole-punching, welding, etc.).

The company operates four production facilities across Åland, Finland (Godby and Jomala), Chonburi, Thailand, and Plymouth Meeting, Pennsylvania, USA, supplemented by regional sales/operations offices in Uppsala (Sweden), Bangkok, and Danbury, Connecticut, reaching customers in 50+ countries. Quality management is anchored by ISO 13485 medical-device certification across multiple sites, ISO 9001 and ISO 14001, IATF 16949 for automotive at Valley Forge, NSF/ANSI 51 food-contact approvals, and sector-specific DVGW, BAM and UL certifications. Go-to-market is direct enterprise field sales with regional VP coverage in EMEA, Americas, and APAC, supported by a channel partnership with industrial distributor Angst+Pfister (Optinova Customer of the Year 2022) and active presence at major medtech industry trade shows.

Revenue mechanics are quote-based one-time sales of custom-engineered tubing (with a design/prototyping professional-services layer) priced on material type, dimensional complexity, customization, and volume; medical OEM contracts are typically multi-year. The company is privately held under Owner/Chair Rebecka Eriksson with no disclosed institutional investors, governed by a CEO (Rom Mendel, appointed August 2022) and an executive team refreshed with new CFO, COO, CPO and CCO appointments from 2021-2023, and has pursued a sustained global capacity expansion program (Valley Forge US cleanroom 2022-2025, Thailand new production hall 2024, Godby upgrade plan 2024) consistent with a medical-tubing market growing at reported CAGRs of approximately 5.5-11%.

Name

Optinova

Legal name

Optinova Holding Ab

Website

https://optinova.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

Optinova is a Finland-based specialty manufacturer founded in 1971 that custom-extrudes fluoropolymer and thermoplastic tubing (PTFE, FEP, PFA, ETFE, PVdF, MFA, PEEK) for medical device OEMs and industrial customers across 50+ countries.

Ownership category

akta.pro rank

Product category

Medical and Industrial Polymer Tubing Manufacturing

NAICS

Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (3391), Surgical and Medical Instrument Manufacturing (339112)

SIC

Surgical & Medical Instruments & Apparatus (3841), Plastics Products, Nec (3089)

akta.pro primary industry

Single-Use Medical Disposables & Procedure Kits (Drapes, Tubing, Catheters, Syringes, Custom Packs) (HLAHANAG)

akta.pro secondary industry

Medical & Life Sciences Injection Molding (Devices, Diagnostics, Cleanroom) (IMANAFAC)

Keywords

• Medical tubing manufacturing
• Fluoropolymer extrusion
• Precision polymer tubing
• Catheter tubing solutions
• Industrial plastic tubing

Headquarters

HQ city

Mariehamn

HQ country

Finland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Medical Tubing Sales: Sale of custom precision extruded tubing for medical applications including IV tubing, catheter tubing, heat shrink tubing, and specialty medical-grade tubing products.
2. Industrial Tubing Sales: Sale of tubing solutions for industrial applications including aerospace, semiconductor manufacturing, food and beverage, and cable/electronics solutions.
3. Custom Design and Engineering Services: Value-added design services including prototyping, custom design projects, and product optimization from concept to high-volume production.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Optinova manufactures and supplies custom precision-extruded tubing made from fluoropolymers and high-performance thermoplastics (PTFE, FEP, PFA, ETFE, PVdF, MFA, and PEEK), along with medical-grade heat shrink tubing and branded specialty products such as Optinfusion IV catheter tubing, Cableopt electronics tubing, Coltex ePTFE joint sealant, and Delitube food-grade tubing. Products are sold in any size, profile, or specification, with tolerances below 1%, single- or multi-lumen configurations, and supported by in-house secondary operations and design/engineering services for medical device manufacturers and industrial customers in over 50 countries.

Product overview

Optinova is a world-leading extrusion partner specializing in advanced tubing solutions for medical and industrial applications since 1971. The core product portfolio centers on seven fluoropolymer and high-performance thermoplastic tubing materials (PTFE, FEP, PFA, ETFE, PVdF, MFA, and PEEK) available in any size, profile, and specification across the globe. These materials form the foundational product categories offered to customers globally. The company operates as a full-service extrusion partner, complementing standard tubing products with specialized capabilities including Optinfusion™ for advanced IV catheter applications, Cableopt™ for electronics solutions, Coltex™ for ePTFE sealing, and Delitube™ for food/beverage applications. In-house secondary operations (flaring, flanging, etching, spiral-cutting, tip-forming, hole-punching) and comprehensive polymer engineering services enable custom solutions from prototyping through high-volume production. Quality certifications (ISO 13485, ISO 9001, IATF 16949) support medical device and industrial customer requirements.

Differentiator

Problem solved

Functional benefit

Brands

• Optinfusion™: Advanced IV catheter tubing technology combining TPU/FEP/PTFE materials
• Cableopt™
• Delitube™
• Coltex™

Products and services

• PTFE Tubing Polytetrafluoroethylene tubing offering excellent chemical resistance, low friction, and high temperature tolerance for medical and industrial applications.
• FEP Tubing Fluorinated ethylene propylene tubing with optical clarity, chemical resistance, and flexibility for medical and industrial uses.
• PFA Tubing Perfluoroalkoxy tubing providing high chemical purity, excellent dielectric properties, and thermal stability for demanding applications.
• ETFE Tubing Ethylene tetrafluoroethylene tubing offering high strength, radiation resistance, and excellent electrical insulation properties.
• PVdF Tubing Polyvinylidene fluoride tubing with piezoelectric properties, high purity, and resistance to chemicals and UV radiation.
• MFA Tubing MFA (Melt Processable Fluoropolymer) tubing combining fluoropolymer properties with easier processing capabilities.
• PEEK Tubing Polyether ether ketone high-performance thermoplastic tubing offering exceptional mechanical strength, chemical resistance, and temperature tolerance.
• Medical Heat Shrink Tubing Medical-grade heat shrink tubing for wire insulation, component encapsulation, and surgical device manufacturing.
• Optinfusion IV Catheter Tubing Advanced IV catheter tubing technology combining TPU/FEP/PTFE materials for improved patient comfort and clinical performance in infusion therapy, sold to medical device manufacturers.
• Cableopt Electronics and Cable Solutions Electronics and cable solutions brand offering specialized tubing for wire and cable applications in the electronics industry.
• Coltex ePTFE Joint Sealant ePTFE (expanded polytetrafluoroethylene) joint sealant tape for industrial sealing applications requiring chemical resistance.
• Delitube Food, Nutrition and Beverage Tubing Specialized tubing solutions for food, nutrition, and beverage processing applications meeting food contact safety standards.
• PTFE HD Liner Heavy-duty PTFE liner designed for demanding cable applications requiring high temperature resistance and electrical insulation.
• PTFE Dielectric Coaxial Core PTFE dielectric coaxial core for high-frequency cable applications requiring excellent electrical performance.
• FEP Coil Tubing FEP coiled tubing configuration for applications requiring flexibility and thermal cycling capability.
• Dual Wall Heat Shrink Tubing Dual wall heat shrink tubing with adhesive-lined construction for moisture-resistant sealing and environmental protection.
• Dual Layer Tubing Multi-layered tubing extrusion combining different polymer properties in a single tube for specialized performance requirements.
• Groundwater Sampling Tubing Specialized tubing for environmental groundwater sampling and monitoring applications.
• CRM Lead Tubing Cardiac Rhythm Management lead tubing for pacemaker and implantable cardiac device applications.
• Etched OD PTFE Liners Etched outer diameter PTFE liners with ultra-thin walled lubricious inner layer for catheter and minimally invasive device applications.
• Custom Design and Engineering Services Value-added design and engineering services including prototyping, custom design projects, and product optimization from concept to high-volume production, sold alongside Optinova's tubing products to medical and industrial customers.

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Angst+PfisternotableChannel Partner/ Reseller/ Distributor · 1 January 2022Angst+Pfister received Optinova's Customer of the Year 2022 award, recognizing their partnership in distributing and promoting Optinova's tubing solutions in industrial markets. The relationship involves distribution of Optinova's industrial tubing products including PTFE, FEP, and specialty fluoropolymer tubing solutions.

Scale indicators6 records

Recent moves15 records

Expansion highlights7 records

Emerging players

• Duke Extrusion: Smaller specialty medical tubing extruder with focus on catheter and minimally invasive device applications. Niche overlap with Optinova's micro-extrusion capabilities.
• FBK Medical Tubing: Specialty medical tubing manufacturer with capabilities in multi-lumen and balloon tubing. Comparable technology focus in precision catheter and interventional tubing.

Direct peers

• Putnam Plastics: Specialty medical tubing manufacturer offering custom precision extrusions in fluoropolymers and thermoplastics for medical device OEMs. Closest direct peer to Optinova, with overlapping multi-lumen, micro-extrusion, and catheter tubing capabilities.
• NewAge Industries: US-based manufacturer of plastic tubing, hoses, and custom extruded products for medical, industrial, and food/beverage applications. Comparable in vertical scope across medical and industrial tubing.
• Vesta (Vesta Inc.): Contract manufacturer specializing in medical tubing, catheters, and silicone components with ISO 13485 facilities. Direct peer in custom medical-grade extrusion and finished catheter assembly.
• Spectrum Plastics Group: Specialty medical extrusion and converting company serving medical device OEMs with custom tubing, films, and components. Direct competitor in the custom medical tubing space with broader converting capabilities.
• Pexco: Specialty plastic extruder serving medical, industrial, and fluid handling markets with custom tubing and profiles. Comparable in fluoropolymer extrusion and custom-engineered solutions.
• Raumedic: German-headquartered polymer processing specialist serving medical and pharmaceutical customers with precision extruded tubing and catheter components. Comparable in fluoropolymer extrusion depth and medical certifications.

Broad incumbents

• TE Connectivity: Global connectivity and sensor giant whose medical segment supplies precision tubing and catheter components to major OEMs. Overlaps with Optinova's industrial cable solutions and medical tubing portfolio.
• Teleflex: Large diversified medical device company that internally sources significant volumes of custom medical tubing and competes with Optinova at certain OEM accounts. Broader incumbent with device-level product portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/optinovagroup
• Facebookfacebook.com/optinovaaland
• LinkedInlinkedin.com/company/optinovagroup

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Optinova