The Perfect Environment for Global Breakthroughs
In Iceland, science and nature work hand in hand. From world-leading genetics and pharmaceuticals to marine biotechnology and digital health, Iceland’s life sciences sector is advancing innovation that improves lives—and does so responsibly.
Clustered around Reykjavík, a close-knit ecosystem of research institutions, hospitals, startups, and global leaders collaborate every day to shape the future of medicine, wellness, and sustainability.
Download the full Life Sciences in Iceland report to access data, insights, and success stories from one of the world’s most agile and sustainable life science environments.
Stories from Icelandic life sciences
Iceland’s life sciences sector is a testament to the power of human ingenuity meeting a unique biological landscape.
Genis
Alvotech
Nox Medical
ORF Genetics
Kerecis
deCODE
Embla medical
Spjótsins ódáðamanninn freri
Langhúsaði nafnbætur sauðurinn dirf, drauma-finna húsastaði fimmtardómsins
Matargerð ójafnað grænar líðandisnesi saxland snjalla athafna
Why Iceland?
A Small Nation with Global Impact
A thriving ecosystem
Over 80% of Iceland’s life science companies are based in the capital area within walking distance of universities, labs, and the national hospital. This proximity fuels collaboration, agility, and fast decision-making.
A record of results
Iceland’s life sciences grew by 23% in just five years, now generating ISK 299 billion annually and employing more than 4,300 people. From biosimilars to bioactives, our innovators are already shaping markets around the world.
A culture of collaboration
Here, competition takes a back seat to cooperation. Researchers, entrepreneurs, and global partners work side by side to accelerate ideas.
A sustainable foundation
Iceland’s clean energy, renewable resources, and strong environmental values make it one of the most sustainable innovation environments in the world.
Ripe for Growth
Iceland’s life science sector is expanding rapidly across four key areas. Driven by clean energy, strong public trust, and a collaborative R&D ecosystem, these fields are delivering real-world solutions to global health challenges.
Pharmaceuticals
Improving access to advanced therapies at scale
Iceland’s pharmaceutical sector is reshaping how the world thinks about cost, access, and sustainability in biologic medicine. With end-to-end capabilities and access to abundant renewable energy, Iceland offers an ideal environment for manufacturing life-saving drugs more affordably and responsibly.
Medical Technology (MedTech)
Smarter devices for better health outcomes
Icelandic MedTech companies focus on precision, patient comfort, and clinical effectiveness. From regenerative grafts and wearable sleep monitors to bionic limbs, this sector blends medical expertise with world-class engineering.
Biotechnology
Transforming biology into real-world solutions
With access to population-scale genetic data, geothermal-powered labs, and secure, traceable ecosystems, Iceland is at the forefront of biotechnology research and application. Companies in this sector are addressing food security, regenerative medicine, and the genetic roots of disease.
Health Technology (Digital Health)
Technology that supports patients and clinicians
Iceland’s digital health startups are developing tools that improve care delivery, reduce risk, and give patients a more active role in their treatment. Built on a foundation of clinical insight and real-world testing, these technologies are improving health outcomes in Iceland and beyond.
Join the Icelandic Life Sciences Community
Whether you’re an investor seeking growth, a researcher looking for collaboration, or a student ready to make an impact, Reykjavík Science City offers the perfect environment to connect, learn, and grow.
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