As of 2022, Alto has increased its reach to 13 markets, grown revenue to almost a billion dollars, and launched shopping for over-the-counter medications on their app. Category: Consumer HealthTech. 3. The company recently upgraded its InVIEW software platformproviding real-time data analytics and reports to improve patient careand expanded its clinical Environmental Monitoring solution that is fully compliant with key federal guidelines from the U.S. FDA and NIST. Patagonia Health 61. BrainsWay has different coils that are FDA cleared to treat depression (the H1), OCD (the H7), and smoking addiction (the H4). Access Healthcare Ocimum Biosolutions is a global integrated genomic services company with operations in Hyderabad, India, and Houston, Texas. Jazz Pharmaceuticals Xenco was recently accepted into the World Economic Forums New Champions community for the work it has done to reduce sterilization bottlenecks in healthcare. The Medtech Big 100: The world's largest medical device companies. Optum recently selected Avalon for its new lab benefit management solution to reduce unnecessary testing and ensure patients receive the screenings that truly inform the right care and a timely diagnosis. Utilizing fast and highly-accurate polymerase chain reaction (PCR) assays, LC-MS, and next generation sequencing (NGS) at renegade.bio's CAP accredited and CLIA certified laboratory in Berkeley, they quickly deploy and optimize diagnostic test methods. Medtronic PLC Medtronic plc is a medical device company that has been at the top of the industry for nearly three decades. Whether it is for home assistance, crisis response, moderately invasive medical operations, or specific treatment. Category: Consumer HealthTech. 1. According to Enterprise, there are over 620 medical device companies in Florida. DePuy Synthes $7.76 Billion 3. Zimmer Biomet $7.03 Billion 4. With new software initiatives Iris and Sentinel launching, as well as a massive hiring blitz that more than doubled its workforce, Komodo is going all in on its mission of reducing the burden of disease for the entire world. Included in its testing product lineup are: screenings for COVID-19, colorectal cancer, diabetes, kidney disease, and infectious disease, to name a few. Canary Medical ImagineSoftware is the leading provider of medical billing automation software and revenue cycle management applications. The company has been chosen as a global preferred outsourcing provider for more than 75% of the top 25 pharma and biotech companies, as well as for leading research institutes. It is designed to meet the needs of surgeons seeking more-nimble, cutting-edge surgical tools. 40. Seven Bridges enables researchers to extract meaningful insights from genomic and phenotypic data in order to advance precision medicine. Exagen is best known for its rheumatology and autoimmune testing products, which have rapidly become the gold standard in their respective fields. A towering figure in the world of genomics, it has leveraged its teams medical and technological expertise to become one of the leaders in bringing truly personalized medicine to life, unlocking new solutions for cardiology, immune-oncology, ophthalmology, and rare disease treatment. Simply performing the exam involves unnatural hand-eye coordination and unintuitive visuals. These pain management devices are electrotherapy, bracing, hot/cold therapy, and cervical traction. In the past decade, HHCS has collectively delivered more than $250 million in cost savings and revenue gains and calculated $5 billion in physician compensation. Founded in 2013, DispatchHealth is the first to apply fully integrated 21st-century technology to the age-old concept of medical house calls and the first platform of its kind to create a sustainable reimbursement model for high acuity care widely recognized by insurance companies. This year, in Philadelphia, the. The Edwards Lifesciences Foundation supported more than 250 global charities in 2021 and continued its work with Every Heartbeat Matters, the Foundations primary philanthropic initiative, to improve the lives of 2.5 million additional underserved structural heart and critical care patients by the end of 2025. After four weeks, patients reported a 44% reduction in symptoms. In 2022, the company received FDA clearance for its kit, and also expanded the system to cover even more kinds of spine surgeries. . One of the most important names in medical data services is Augmedix, a San Francisco-based company that aims to humanize the medical industry. We consulted numerous public documents and contacted company officials as needed to arrive at the best estimates. 58. 82. "Primer," June 2012. Horizons team of more than 2,000 strive to achieve the companys mission from their headquarters in Dublin as well as its U.S. office in Lake Forest, Illinois. The electronics giant opted for a name change in 2012. NxThera raises $2 million for prostate device. 28. At first, Krystal was self-funded. ExactCare Pharmacy Michigan-based medtech company Stryker is recognized as an industry leader in the field, designing and manufacturing devices used in hospitals and care facilities in more than 100 countries. Studies have shown it to offer better control and movement, and to improve overall well-being. 2020 Sales (Projected) 2014 Sales. Oral drug delivery startup raises $39m for robotic pill. Through H1 Connect as well as solutions like HCP Universe and Carevoyance, partners have successfully increased healthcare access and quality for millions around the world. Located in Durham, NC, BioAgilytix offers large molecule bioanalysis . Next up, Scopio is launching a platform for scanning and digitally analyzing bone marrow sampleswhich are notoriously difficult to assessthat will reduce review times by over 60%. The company has received several awards and honors, including being named to the Fast Company Next Big Things in Tech 2021 List and receiving the LifeSciences BC award for Medical/Digital Technology Company of the Year in 2020. 318 on the Inc. 5000 List of Fastest Growing Private Companies in the U.S., HHCS currently serves more than 100,000 healthcare professionals at more than 4,000 healthcare facilities in all fifty states. Meanwhile, Ceribell has created a portable EEG device that, using machine learning, is making it possible for doctors to remotely diagnose neurological disorders in patients. First founded as an all-natural shampoo that delivered on the natural ingredients promise made and broken by so many competitors, Modere has grown to become a household name for science-backed clean label health and beauty products. Penumbra, Inc. According to Deloitte, the company registered 25,401% growth over a three-year period. Digital health technology and services provider TELUS Health is the power behind the digital health ecosystem used by 130,000 physicians to treat millions of patients across Canada. Artificial intelligence and ultrasound technologies are not new. Ocimum Biosolutions From companies like Novartis with more than 100,000 team members around the globe, to numerous smaller startups with just a few dozen employees in a single office, these companies are changing the face of the industry. The combination of its expertise and proprietary Navigator365 product suiteon which more than 40 pharmaceutical companies rely for omnichannel planning and resource allocationputs Precision Value & Health in a good spot. 1. Irish startup Embo Medical gets $3.8m in seed funding. China is one of the world's fastest-growing markets for medical devices and presents significant opportunities for U.S. firms in this field. The traditional medical device value chain will rapidly evolve, and by 2030 companies will take on significantly different roles. The company is best known for its best-in-class cloud-based analytics platforms, DataMAx, SalesIQ, InsightsMAx, and CustomerIQ, which have leveraged AI and machine learning to help life sciences operators make the most of their data for the benefit of their clients. Category: Medical Devices. The solutions apply sophisticated artificial intelligence and machine learning to existing structured and unstructured data to predict and prescribe corrective actions to eliminate operational bottlenecks, allowing hospitals to better manage beds, surgical backlogs, infusion wait times, and limited staff. In-depth industry statistics and market share insights of the Cardiovascular Devices Market sector for 2020, 2021, and 2022. TrialSpark is a tech-driven pharma company differentiated by radically more efficient drug development. In addition to its already significant work improving the health outcomes of rare disease patients, Horizon supports an impressive array of community outreach initiatives, working to advance STEAM education and environmental sustainability in partner sites around the world. The platform also offers providers and insurers ways to analyze large amounts of data using artificial intelligence and machine learning. 26. Healthcare Focus: IoMT, medical device software, patient apps, telehealth apps. Most recently, the company developed a vaccine dashboard that includes COVID-19 for retail pharmacies to use, consolidating key insights needed to focus on health market shifts. Are you interested in joining one of the fastest growing Medical Device companies in the market today along with an amazing team with outstanding Sometimes the biomedical research that attracts the most attention from investors is disconnected from the greatest areas of societal need; for that reason, Roivant Sciences is dedicated to getting innovative treatment methods to the patients that need them. Its evidence-based virtual care programs are demonstrated in clinical trials to help employees improve their health and manage chronic conditions including diabetes prevention and management, hypertension, and behavioral health. The companys Einstein II platform enables healthcare organizations to take direct control of their labor supply. Category: Software & Data. Category: Medical Devices. These 10 companies are thinking creatively to pave the path to a healthier future with more efficient processes and better care for all of us. Ascom is a global solutions provider focused on healthcare collaboration and communications solutions. Precision Value & Health Access Healthcare is HITRUST, PCI DSS, SOC, ISO 27001, and ISO 9001 certified, providing security, availability, and confidentiality of sensitive health information. Currently, BrainsWay has treated more than 100,000 patients. Category: Medical Devices. This milestone is likely to be reached thanks to assertive expansion of its partner network, announcing value-based kidney coverage offerings to partners in Tennessee and other national markets. 97. The companys network is used by nearly 800 healthcare organizations and research institutions in 70 countries to generate robust data insights used to guide new advances in treatment for cancer, genetic disorders, and pediatric medicine. From formulary optimization to dynamic medical claim repricing to cloud-based analytics, Expio intelligently delivers optimizations and insights to amplify business successand it is all supported by best-in-class operations and the highest security and compliance standards, including HITRUST certification. Since then, the company has engaged in a series of expansions that have vastly boosted its profile in the health science research industry, including a remarkable $1 billion fundraise in 2019 and the sale of its robot-assisted surgery venture Verb Surgical. Following their reinvention and repositioning, medical device companies will need to reconfigure their respective value chains and define their place therein. 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