Cardiva

What Cardiva does

Cardiva is a privately held, family-owned medical device distribution group founded in 1989 in Bilbao, Spain, by Ignacio Vega (formerly of Medtronic and MedTech). Headquartered in Alcobendas (Madrid), the company markets and distributes more than 6,000 medical device references from over 30 international manufacturers across nine therapeutic divisions — Cardiac/Vascular/Endovascular Surgery, Interventional Cardiology, Neurovascular, Traumatology, Oncology and Interventional Radiology, Pain Management, Spine, Clinical, and the newly launched Digestive and Urology division. Its go-to-market is a direct enterprise sales model with field representatives specialized by therapeutic area, selling to public and private hospitals and healthcare institutions across Spain, Portugal, and Italy through nine office locations including Lonato del Garda (Italy HQ) and Lisbon (Portugal HQ).

Cardiva's revenue model is B2B distribution under quote-based pricing to healthcare institutions. The portfolio combines commodity surgical consumables (stents, thrombectomy systems, prostheses, bone cements, ablation devices) with higher-complexity products such as the HeartFlow FFRct AI diagnostic, the MOVE®-C cervical disc, Johnson & Johnson MedTech DePuy Synthes Spine, and the in-house-developed Agile System RFID inventory platform (co-developed with Versia). Group revenue exceeded €140 million in 2025 following the March 2025 acquisition of Italian distributor IQ Medical, which expanded the Italy footprint; the company employed 155 people as of December 31, 2025. Cardiva is led by second-generation CEO Covadonga Vega and remains free of disclosed institutional or private-equity ownership, funding growth through operating cash flow.

Name

Cardiva

Legal name

CARDIVA 2 S.L.

Website

https://cardiva.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Cardiva is a Spain-based, family-owned medical device distributor founded in 1989, selling over 6,000 SKUs from 30+ manufacturers across nine therapeutic divisions to hospitals and healthcare institutions in Spain, Portugal, and Italy, with €140M+ revenue in 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Alcobendas

HQ country

Spain

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Medical Device Distribution: Cardiva commercializes and distributes a wide range of medical devices across multiple therapeutic areas. The company works with healthcare professionals to provide therapeutic alternatives that address patient needs and reduce healthcare costs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Cardiva commercializes and distributes a wide range of medical devices across nine therapeutic divisions — Cardiac/Vascular/Endovascular Surgery, Interventional Cardiology, Neurovascular, Traumatology, Oncology and Interventional Radiology, Pain Management, Spine, Clinical, and Digestive and Urology — serving hospitals and healthcare professionals in Spain, Portugal, and Italy with over 6,000 SKUs from more than 30 represented manufacturers. The company pairs its distribution services with value-added solutions such as the Agile System RFID-based hospital inventory management platform and the Campus Cardiva medical education program.

Product overview

Cardiva is a Bilbao-founded (1989) medical device distributor operating in Spain, Portugal, and Italy, marketing and distributing a wide range of medical devices across nine business divisions: Cardiac/Vascular/Endovascular Surgery, Interventional Cardiology, Neurovascular, Traumatology, Oncology and Interventional Radiology, Pain Management, Spine, and the newly launched Digestive and Urology division. The company distributes products from more than 30 represented companies, covering over 6,000 SKUs, and reaches more than 1,000 patients per year. Its portfolio spans cardiovascular stents and thrombectomy systems, spinal implants (including the MOVE®-C prosthesis from NGMedical and Johnson & Johnson MedTech Spine products), interventional oncology devices (radiofrequency ablation, cryoablation, IRE electroporation), chronic pain management devices (spinal cord stimulation, DRG stimulation, radiofrequency), wound care solutions (DEBRICHEM), hospital logistics technology (Agile System RFID-based stock management with Versia), and AI-powered diagnostic software (HeartFlow coronary analysis). Cardiva also distributes G21 orthopedic spacers and cements, Merete revision hip arthroplasty systems, and VARIXIO varicose vein treatment devices.

Differentiator

Problem solved

Functional benefit

Products and services

• Cardiac, Vascular and Endovascular Surgery Division Markets and distributes cardiac, vascular, and endovascular medical devices including stents, thrombectomy systems, endografts, drug-coated balloons, and advanced imaging solutions for cardiovascular and stroke treatment to hospitals and surgical departments across Spain, Portugal, and Italy.
• Interventional Cardiology Division

Quantifiable outcome

• Over 140 million euros in revenue in 2025
• +2 more outcomes

Named customers8 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature2 records

Partnerships

14 partnerships are on record, tiered core, minor and flagship.

• NGMedicalcoreChannel Partner/ Reseller/ Distributor · 20 October 2024Partnership for distribution of MOVE®-C cervical disc prosthesis in Spain. NGMedical is a German company specializing in spinal implant technology. Cardiva leverages its extensive distribution network to introduce this innovative cervical disc prosthesis to Spanish spine surgeons.
• EziSurg MedicalminorGTM or Marketing PartnerCollaboration as co-sponsor for international masterclass in uniportal VATS thoracic surgery. Cardiva and EziSurg Medical partnered to support the training event hosted at Hospital Vithas Madrid Aravaca.
• AngioDynamicscoreChannel Partner/ Reseller/ DistributorExpanded collaboration since 2012. Originally distributed vascular access portfolio in Spain and Portugal; agreement now includes oncology product portfolio and Italy market.
• Boston ScientificcoreChannel Partner/ Reseller/ DistributorDistribution agreement for CO2 laser technology Lumenis in Spain. Cardiva distributes Boston Scientific's laser technology for medical applications.
• RaindancecoreStrategic or Co-development PartnerAlliance to digitize and streamline availability of medical supplies in hospitals. Jointly developed Agile System, an RFID-based comprehensive logistics solution that is a success case in healthcare centers throughout Spain.
• VersiaminorStrategic or Co-development PartnerWon I Datatón de Euskadi with demand prediction solution for medical materials. Partnership for AI-driven hospital inventory optimization.
• G21coreChannel Partner/ Reseller/ DistributorDistribution agreement for custom spacers Spaceflex for periprosthetic infection treatment and bone cements G1 and G3 for orthopedic procedures in Spain.
• Merete GmbHcoreChannel Partner/ Reseller/ DistributorDistribution partnership for hip revision arthroplasty technology in Spain. German company's modular adapter-head system offers unprecedented versatility for orthopedic surgeons.
• Johnson & Johnson MedTechflagshipChannel Partner/ Reseller/ DistributorDistribution of DePuy Synthes Spine product portfolio in Spain. Covers the most complex and challenging orthopedic and neurological spine procedures with comprehensive surgical solutions.
• DEBx MedicalcoreChannel Partner/ Reseller/ DistributorCommercialization of Debrichem, an innovative treatment for infected hard-to-heal wounds. Product approved in EU since late 2020.
• HeartFlowcoreChannel Partner/ Reseller/ DistributorDistribution of AI-based coronary diagnosis software. Advanced image analysis technology identifies patients without requiring catheterization or Hemodynamics room procedures.
• VB DevicesminorChannel Partner/ Reseller/ DistributorExclusive distribution of VARIXIO in Spain. First device for automatic foam preparation for sclerotherapy varicose vein treatment.
• SurgnovaminorChannel Partner/ Reseller/ DistributorLaunch of Dophi N3000 electroporation system. Innovative technology for medical procedures using electrical pulses.
• IQ MedicalcoreOthersCompleted acquisition of Italian company IQ Medical, elevating total facturación to 105 million euros in 2025.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Palex Medical: Spanish-headquartered medical device distributor covering multiple therapeutic specialties across Iberia and selected European markets. Closest direct competitor to Cardiva given overlapping hospital channel, similar multi-specialty portfolio, and Iberian geographic footprint.
• Izasa Hospital (Werfen Group): Iberian medical device and hospital supply distributor within the Werfen Group, active across Spain and Portugal. Highly comparable to Cardiva in go-to-market (direct hospital sales), therapeutic breadth, and regional focus.
• Movaco: Spanish medical device distributor serving hospitals and clinics across multiple specialties. Comparable to Cardiva as a domestic Iberian distributor with a similar multi-therapeutic-area model.

Broad incumbents

• Henry Schein: Global Fortune-500 distributor of medical, dental, and animal health products with deep European footprint. Comparable to Cardiva as a multi-specialty distributor serving hospitals and physician offices, though at vastly greater scale and breadth.
• McKesson Medical-Surgical: One of the largest medical-surgical distributors in the world, serving hospitals, physician offices, and surgery centers. Comparable as a broad-line incumbent in healthcare distribution, though heavily US-centric.
• Cardinal Health: Global healthcare services and products company with significant medical distribution operations. Comparable to Cardiva as a large incumbent in medical device/surgical supply distribution to hospitals and ambulatory sites.
• B. Braun: German-headquartered medical device manufacturer and hospital supply distributor with strong European footprint including Spain and Italy. Comparable to Cardiva in its combined manufacturing-distribution model serving hospitals across multiple therapeutic areas.
• Medline Industries: Large privately held manufacturer and distributor of medical supplies and devices with expanding European operations. Comparable to Cardiva as a privately held multi-line distributor focused on hospitals, and a potential roll-up or competitive threat.
• Olympus Medical: Global manufacturer and distributor of medical devices, with strong presence in endoscopy, urology, and surgical specialties. Comparable to Cardiva given overlap in urology/endoscopy distribution via Cardiva's Digestive and Urology division and Olympus's broader portfolio.
• Stryker: Global medtech manufacturer with significant presence in orthopedics, spine, and surgical equipment — all areas where Cardiva distributes complementary products. Comparable as a broad incumbent whose products pass through specialty distributors like Cardiva in Iberia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CARDIVAGROUP
• YouTubeyoutube.com/channel/UCSopnTmqRCzPm12ATfCs-bg
• LinkedInes.linkedin.com/company/cardiva
• Instagraminstagram.com/cardivagroup
• TikToktiktok.com/@cardivagroup?_t=ZN-8vnKc5GH4yc&_r=1

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 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 Cardiva