Mermaid Medical

What Mermaid Medical does

Mermaid Medical Group is a Denmark-headquartered, privately held medical device company founded in 2007 that develops, manufactures, and distributes interventional radiology, vascular, cardiovascular, biopsy, drainage, and breast-care devices to hospitals and healthcare professionals across Europe, the United States, and Asia. The portfolio spans more than 40 products organized across multiple therapeutic areas, combining internally developed proprietary devices — notably the Angel® Catheter (the only FDA-cleared prophylactic IVC filter permanently attached to a triple-lumen central venous catheter), COBRA-OS® aortic occlusion device, SnareCoil® bone marrow biopsy needle, TP Pivot Pro™ transperineal prostate biopsy guide, and M•Drain® drainage catheter family — with exclusive distribution rights for partner-manufactured products including MicroPort's VitaFlow Liberty® TAVI and AnchorMan™ LAAC cardiovascular systems, Canyon Medical's MaxBlate® microwave ablation platform, and Front Line Medical Technologies' COBRA-OS®.

The company operates a hybrid model that blends in-house R&D and OEM-style distribution. Revenue is generated through one-time/perpetual-license sales of medical devices to hospitals via a direct field-sales organization with regional offices in Denmark, the UK, Spain, Italy, the Netherlands, Switzerland, and the United States, supplemented by clinical-sales coverage for Rest-of-World markets. Pricing is quote-based with multi-year contract structures typical of B2B medical-device procurement. The commercial model is described by the company as a "partnership" approach — positioning both suppliers and customers as long-term partners rather than transactional counterparties — and is reinforced through CPD-accredited clinician education (e.g., LATP biopsy workshops), medical-conference participation (CIRSE), and clinical reference sites such as The Grange University Hospital and Nuffield Health Parkside Hospital.

Recent strategic activity (2024-2026) shows accelerating commercial momentum: exclusive distribution agreements with MicroPort (2024) and extended BeNeLux expansion of COBRA-OS (2026), new product launches including the Full Core Biopsy Device (June 2025), opening of a Switzerland sales office (March 2026), and CE marks for the Angel Catheter and TP Pivot Pro (early 2026). The company holds 51-100 employees, is led by founder/CEO Lars Vinther, and remains privately held with no disclosed external funding rounds.

Name

Mermaid Medical

Legal name

Mermaid Medical Group

Website

https://mermaidmedical.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Mermaid Medical Group is a Denmark-based, privately held medical device company founded in 2007 that develops, manufactures, and distributes interventional radiology, vascular, cardiovascular, biopsy, and drainage devices to hospitals and healthcare professionals across Europe, the US, and Asia through direct field sales and exclusive distribution partnerships.

Ownership category

akta.pro rank

Product category

Interventional Radiology and Vascular Medical Devices

NAICS

Surgical Appliance and Supplies Manufacturing (339113), Surgical and Medical Instrument Manufacturing (339112), Medical Equipment and Supplies Manufacturing (33911)

SIC

Surgical & Medical Instruments & Apparatus (3841), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Single-Use Surgical Devices & Procedure Packs (Disposable instruments, drapes, kits) (HLAHADAM)

Keywords

• Interventional radiology devices
• Vascular medical devices
• Biopsy needles
• Minimally invasive surgery
• Cardiovascular devices

Headquarters

HQ city

Stenløse

HQ country

Denmark

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Device Sales: Mermaid Medical develops, manufactures, and distributes medical devices to hospitals and end users. Revenue is generated through the sale of interventional radiology devices, vascular devices, biopsy equipment, drainage catheters, ablation systems, and other medical devices to healthcare facilities across Europe, US, and Asia.
2. Exclusive Distribution Agreements: The company operates exclusive distribution agreements for various medical devices from manufacturers (MicroPort, Canyon, Front Line Medical Technologies) in specific territories, earning revenue from distribution margins.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Mermaid Medical develops, manufactures, and distributes medical devices for hospitals and healthcare professionals across Europe, the U.S., and Asia. Its portfolio spans interventional radiology, vascular, cardiovascular, biopsy, drainage, ablation, breast care, needle guidance, and radiation protection devices, with a partnership-first distribution model combining in-house manufactured products and exclusive distribution rights for third-party technologies.

Product overview

Mermaid Medical is a medical device company that develops, manufactures, and distributes medical devices to hospitals and end users across Europe, the U.S., and Asia. The company's portfolio is a broad and diversified collection of medical devices organized into distinct product categories rather than a unified platform architecture. The product portfolio spans multiple therapeutic areas including vascular interventions (Angel® Catheter, COBRA-OS®), tumor ablation (MaxBlate® Microwave Ablation System), biopsy solutions (M•Biopsy®, Full Core Biopsy Device, SnareCoil®, Tweezer®, W-Core™), drainage catheters (M•Drain® family), cardiovascular devices (VitaFlow Liberty®, AnchorMan™, TricValve®), breast care (Tumark® markers, DUO System, Curaway™), bone marrow procedures, needle guidance systems for ultrasound procedures (Verza™, Ultra-Pro™ series, VirtuTRAX™, eTrax™), and radiation protection (UniRay). The company also distributes products from partner manufacturers including MicroPort® (cardiovascular devices) and Canyon Medical (microwave ablation). Key recent product launches include TP Pivot Pro™ for prostate biopsies and the Full Core Biopsy Device. The company operates on a partnership model with suppliers and customers, distributing devices primarily within solutions for vascular system diseases and interventional radiology.

Differentiator

Problem solved

Functional benefit

Brands

• TP Pivot Pro: Prostate biopsy needle-guide for minimally invasive transperineal approach, developed by CIVCO Medical Solutions
• Angel Catheter
• COBRA-OS
• M-Drain
• MaxBlate
• SnareCoil
• Tweezer
• Bone Marrow Aspiration
• W-Core
• W-Core II
• BiopSafe
• Barrigel
• HemCon
• InnoSEAL

Products and services

• Angel® Catheter First and only FDA-cleared IVC filter permanently attached to a triple-lumen central venous catheter, providing critical care physicians with prophylactic PE protection and guaranteed filter retrieval.
• COBRA-OS® Aortic Occlusion Device 4 Fr kink-resistant aortic balloon catheter for Resuscitative Endovascular Balloon Occlusion of the Aorta (REBOA) and pREBOA procedures, featuring a patented safety shoulder reservoir to prevent balloon and aortic rupture.
• MaxBlate® Microwave Ablation System Portable solid-state microwave ablation system with 7-inch touchscreen display, 5-150W power output, continuous and pulsed modes, and XphereTip®, ThyTip®, and SureTip® antenna options for tumor ablation procedures.
• TP Pivot Pro™ Disposable needle-guide for the minimally invasive transperineal prostate biopsy approach, featuring adjustable height settings and a pivoting mechanism allowing ±20 degree needle angulation for full prostate access.
• M•Drain® Drainage Catheters Soft flexible polyurethane drainage catheters available in multiple configurations including Single Step, Nephrostomy, Mini Locking Pigtail, and Biliary variants, with hydrophilic coating and safety string lock system.
• VitaFlow Liberty® TAVI System Aortic Valve & Delivery System for Transcatheter Aortic Valve Implantation (TAVI), featuring the world's first motorized delivery system with recapture and reposition capability, developed by MicroPort®.
• AnchorMan™ Left Atrial Appendage Closure Device Left Atrial Appendage Closure (LAAC) device developed by MicroPort®, featuring a 160-micron PET membrane for accelerated endothelialization and twelve fixation anchors for secure placement.
• TricValve® Transcatheter Bicaval Valve System Transcatheter bicaval valve system for treatment of clinically significant tricuspid regurgitation and caval reflux, consisting of two self-expanding biological valves positioned in superior and inferior vena cava.
• D*Clot® HD Rotational Thrombectomy System Rotational thrombectomy system for safe and effective maceration and aspiration of thrombus in AV fistulae and grafts, with US commercial availability.
• Full Core Biopsy Device Biopsy device designed to provide large, high-quality tissue samples, featuring a tri-axial cutting system with embedded pincher-style capture mechanism and adjustable throw lengths from 10-25mm.
• W-Core™ II Reusable Biopsy Device Lightweight reusable biopsy device with two throw lengths (15mm and 22mm) and 17mm sample notch for sufficient tissue collection.
• SnareCoil® Bone Marrow Biopsy Needle Bone marrow biopsy needle with patented SnareCoil® technology at the needle tip, using an internal snare mechanism that coils around the specimen after entry to capture and retain it.
• Barrigel® Rectal Spacer Biodegradable rectal spacer composed of NASHA® (Non-Animal Stabilized Hyaluronic Acid) for prostate radiotherapy, temporarily positioning the rectal wall away from the prostate to reduce radiation dose.
• HemCon® Hemostatic Dressings Chitosan-based hemostatic dressings (OneStop™ Vascular and GuardaCare PRO) for external temporary control of severely bleeding wounds, working independently of the clotting cascade.
• Verza™ Needle Guides Needle guidance system with five-angle depths and industry's largest range (14 gauges) for precise instrument placement, compatible with Canon, Philips, Siemens, and GE Healthcare ultrasound systems.
• UniRay Radio Protection Equipment Complete range of radiation protection products including apparel, gloves, eyewear, CT shields, Radblock, and storage systems for interventional procedures.

Quantifiable outcome

• Over 200,000 successful microwave ablation cases completed with Canyon technology
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Front Line Medical Technologies Inc.coreChannel Partner/ Reseller/ Distributor · 17 February 2026Mermaid Medical Group has expanded its partnership with Front Line Medical Technologies Inc. to bring the COBRA-OS® Aortic Occlusion Device to Belgium, the Netherlands, and Luxembourg (BeNeLux region). COBRA-OS is a 4Fr aortic balloon catheter for REBOA and pREBOA procedures.
• Premier Inc.minorChannel Partner/ Reseller/ Distributor · 1 December 2022Partnership announced December 2022 to make D*Clot® HD Rotational Thrombectomy System available to Premier members in the US. Premier is a healthcare improvement company.
• BiopSafeminorChannel Partner/ Reseller/ Distributor · 1 February 2022Exclusive distribution agreement for BiopSafe formalin solution and biopsy containers in the United Kingdom.
• CANYON (Canyon Medical)coreChannel Partner/ Reseller/ Distributor · 3 February 20203-year exclusive contract signed in February 2020 for distribution of Canyon microwave ablation technology (MaxBlate®) in Spain, United Kingdom, and the Netherlands. Canyon Medical is a Chinese company based in Nanjing, founded in 1986, with over 200,000 successful ablation cases completed.
• MicroPort®coreChannel Partner/ Reseller/ DistributorExclusive distribution agreement for two cardiovascular devices: VitaFlow Liberty™ Aortic Valve & Delivery System (TAVI) and Anchorman™ for Left Atrial Appendage Closure (LAAC) procedures.
• CIVCO Medical SolutionscoreTechnology or IntegrationCIVCO's TP Pivot Pro™ prostate biopsy needle guide is distributed by Mermaid Medical. The product features adjustable depth control, angulation capability, and seamless integration with existing ultrasound systems.
• HØJ EliteminorStrategic or Co-development PartnerHØJ Elite x Mermaid partnership mentioned in company navigation, indicating collaboration in elite sports/healthcare community initiatives.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Penumbra, Inc. Penumbra develops and commercializes interventional thrombectomy and vascular devices — directly comparable to Mermaid's D*Clot® HD Rotational Thrombectomy System and broader vascular intervention portfolio serving interventional radiologists and vascular surgeons.
• AngioDynamics: AngioDynamics manufactures and distributes medical devices for vascular access, biopsy, ablation, and drainage — overlapping directly with Mermaid's core biopsy needle, drainage catheter, and ablation system categories.
• Merit Medical Systems: Merit Medical is a global manufacturer and distributor of disposable medical devices for interventional radiology, cardiology, and vascular procedures — directly comparable to Mermaid's interventional portfolio including drainage catheters, biopsy needles, and needle guides.
• Argon Medical Devices: Argon Medical designs, manufactures, and distributes devices for interventional radiology, vascular surgery, and biopsy — overlapping with Mermaid's biopsy, drainage, and vascular intervention categories.
• Teleflex: Teleflex is a global provider of medical devices used in vascular access, interventional procedures, and critical care — comparable to Mermaid's vascular and interventional product offerings including IVC filter-adjacent devices and drainage.

Broad incumbents

• Cook Medical: Cook Medical is a large established player in interventional radiology, vascular intervention, and minimally invasive devices — a broad incumbent serving similar clinical specialties as Mermaid across its entire portfolio.
• Boston Scientific: Boston Scientific is a major global medical device company with a large structural heart, vascular, and interventional portfolio — a broad incumbent competing in TAVI/LAAC, biopsy, and interventional radiology categories where Mermaid operates.
• Medtronic: Medtronic is the largest medical device company globally with extensive vascular, cardiac, and interventional radiology portfolios — a broad incumbent that competes in essentially every category Mermaid addresses.
• Becton Dickinson (BD): BD is a global medical technology company with significant presence in biopsy, vascular access, and interventional products — a broad incumbent that competes in biopsy devices, drainage catheters, and ultrasound-guided procedures.
• Terumo: Terumo is a global medical device company with strong vascular intervention and interventional radiology portfolios — a broad incumbent that competes with Mermaid in vascular access, drainage, and minimally invasive procedure devices.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MermaidMed
• LinkedInlinkedin.com/company/mermaid-medical-a-s

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Mermaid Medical