fastest growing medical device companies
Today, Integra LifeSciences has grown immensely, with more than 3,000 employees worldwide as well as offices, manufacturing, and research facilities in Asia, Australia, Europe, the Middle East, and the Americas. Global Healthcare Exchange (GHX) It was established as a hospital wholesaler business called AB Sjukvrdsutensilier in 1948, and after a period of ownership by Swedish Astra Tech, the company has gone on to become the most trusted name in bladder and bowel products for thirty years. The firm continues to innovate with the expansion of its existing platforms as well as entry into new markets in which intelligent workforce management solutions are needed. MedCity News, Mass Device, 2010. Founded in 2017, the company can now boast established partnerships with 50% of the worlds top global pharma accounts, five global offices, and an incredibly diverse user base residing in 84 countries. Kaia was established in 2016 by Konstantin Mehl and Manuel Thurner. Signify has the U.S.'s largest mobile network of healthcare professionals who do in-home check ups. DispatchHealth Xoran Technologies product line consists of the MiniCAT in-office CT scanner, the xCAT ENT mobile intraoperative CT scanner, and XoranConnect, a web-based medical image viewing and archival tool. The companys prominent investors have previously invested in companies such as SpaceX, Uber, Spotify, Palantir, Braintree, WebMD, and DexCom. Currently, it is developing a panel of nine antibody molecules for oncology and selected non-oncology indications, including bone and kidney disorders. Alto Pharmacy was started in 2015 by two Facebook engineers, Jamie Karraker and Mattieu Gamache-Asselin, who were frustrated with the existing pharmacy experience, how bad it was, and especially how little technology was being used within these systems. Founded in 2012, Relias delivers a leading healthcare learning platform that employs performance metrics and assessments to reveal specic gaps in clinical knowledge and addresses them with personalized, engaging learning. In the way that Uber and Airbnb have disrupted their respective industries, Sedera is turning the traditional health insurance model on its head with its innovative peer-to-peer medical sharing model. Thrive Global, a leading behavior change technology company was founded by Arianna Huffington in 2016 with the mission to end the stress and burnout epidemic. Now, the Pittsburgh-based company is focused on leveraging its novel, redosable gene therapy platform and in-house manufacturing capabilities to develop therapies to treat serious rare diseases. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. With 175 associates. Founded in 2012, HitGen Inc. is a biotechnology company headquartered in Chengdu, China, with subsidiaries in Cambridge, U.K. and Houston, Texas. Its Lab Insights Platform is pioneering a new era of value-driven care by capturing, digitizing, and analyzing lab results in real-time to provide actionable insights for earlier disease detection, ensuring appropriate treatment protocols, and reducing overall costs. 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. D2 Solutions is an innovative solution provider leveraging technology to drive healthcare efficiency. Data-centered clinical research organization Quanticate is a South African bioresearch company that focuses on advancing the management and analysis of clinical trial data. In 2021, for the third year in a row, RXNT was named to the Inc. 5000 list of Americas Fastest-Growing Private Companies. In a move that transformed Cue into a household name virtually overnight, the companys interdisciplinary team of 1,200 medical professionals was the first to produce an at-home molecular diagnostic test for COVID, and its approval by the FDA for over-the-counter use brought the benefits of Cues remarkable achievement to millions of beleaguered Americans. Whats more, a recent study by the RAND Corporation indicated that the ExactCare Medication Management Program was proven to consistently cut costs and reduce hospital admissions for patients with complex medical needs. 93. With over 38,000 people working in the sector, Irish companies are currently the biggest employers of medical technology professionals in Europe. By proving the viability of delivering the power of a hospital to patients at home and high-quality outcomes met with unprecedented patient satisfaction, the organization is bringing tech-enabled home-based medical care to the next level and moving the industry forward. Carbon Health was started in 2015 by immigrant entrepreneurs Eren Bali and Caesar Djavaherian, who saw a gap in the U.S. healthcare system and devised a means to use technology to remove boundaries to care. Medical Device Manufacturing in California - current trends and industry outlook (2018-2028) The Medical Device Manufacturing industry in California is expected to grow an annualized x.x% to $16.67 billion over the five years to 2023, while the national industry will likely grow at a rate of x.x% during the same period. Meditab is a leading software solutions provider that develops technology to address all aspects of the healthcare industry. Clinical ink They strive to lower costs for new testing modalities, increase availability through strategic partnerships, and provide more equitable access to testing for all people. Avalon Healthcare Solutions This year saw an expansion of the companys customer network, as well as ongoing research on the effective treatment of lupus; Exagens Avise Lupus was demonstrated in a July 2022 study to show overwhelming utility compared to other medications for the chronic disease. The GHX Global Network, the worlds largest community of healthcare trading partners, connects supply chain, finance, and clinical professionals with their suppliers, and the cloud-based technology makes it easier for customers to drive costs out of the healthcare supply chain. Pharmaceutical products created by Intra-Cellular Therapy have brought new hope to individuals suffering from conditions including schizophrenia, Alzheimers disease, Parkinsons, and bipolar disorder. Since 2010, GHX has saved the healthcare industry more than $5 billion. Providence Medical Technology Category: Software & Data. BillionToOne was founded in 2016 and is led by Co-Founder and CEO Oguzhan Atay, PhD. Included in its testing product lineup are: screenings for COVID-19, colorectal cancer, diabetes, kidney disease, and infectious disease, to name a few. Jazz Pharmaceuticals On the surgical side, Medical Microinstruments has created a robotic arm, the Nanowrist, which enables microsurgeries to be even smaller, allowing surgeons to operate on even tinier nerves and blood vessels. In fact, they employ about 10,000 people in Minnesota alone. Vizzia Technologies Among its notable milestones, in 2012, the company was awarded two Israeli government-backed grants that were worth $5.6 million in total. Since then, the company has expanded its reach and clinical trial solution portfolio to lead the industry, which is increasingly embracing mobile technologies, virtual studies, and decentralized clinical trials. renegade.bio is a LGBTQ-led public benefit corporation headquartered in Berkeley, California that offers fast, cost-effective, and highly-accurate diagnostic testing for community and public health. 90. Puzzle Medical Solutions is a small medical device company that specializes in minimally invasive long-term hemodynamic transcatheter pumps. After four weeks, patients reported a 44% reduction in symptoms. 3 Our analysis included all medtech companies with market cap between $0.1 billion and $10 billion and with growth expectations in excess of 10 percent CAGR (22 in data set), as of April 2022. Category: Consumer HealthTech. 2. Founded by venture development entrepreneur Waneta Tuttle in 2002, Exagen has since gone public and has shown consistent growth over the course of its two decades of doing business. Thrive helps individuals and organizations improve well-being, performance and mental resilience with its AI-powered behavior change technology platform. 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. Wellspect HealthCare, a Swedish medical equipment manufacturer, is a forward-thinking and people-centered creator of critical devices for maintaining healthy bladder and bowel continence. The San Francisco-based company began in the storage closet of a small independent pharmacy. In the last year alone, Qventus real-time platform generated more than 15 billion patient-level predictions, enabling health systems to eliminate more than 200 years of excess days and generate over 10x ROI. Founded in 1989 by Richard E. Caruso, the company is headquartered in Princeton, New Jersey. The company operates through two divisions: Zynex Medical and Zynex Monitoring Solutions. This year, in addition to its numerous breakthroughs in microbiological and storage technology, Telstar launched a global campaign to help the company better meet future challenges, and its presentation at the 2022 ISPE Annual Meeting centered on how green engineering can be promoted throughout the pharmaceutical production industry. 86 (2022) Glorium certifications: HIPAA/HITRUST compliance ISO-13485 certified for medical device development ISO-9001 certification for quality management From its headquarters in Montreal and its offices throughout the nation, it electronically processes 130 million health insurance claims annually. Category: Consumer HealthTech. Merative is an Ann Arbor, Michigan-based data and analytics company that partners with healthcare professionals and organizations to facilitate better decision-making and health outcomes through data technology. More recently, 2021 was a momentous year for Komodo, with the acquisition of both Mavens and Breakaway Partners as well as continuing development of its game-changing technology solutions, which earned the company a spot on Forbes 2022 list of AI companies shaping the future. Based in Dallas, Texas, the company supports more than 400,000 healthcare providers through 85+ clients, serving 80+ specialties, processing more than $70 billion in accounts receivable annually, and ascribing medical codes to more than 30 million charts annually. Enterprise Florida claims that the state is ranked second in the country In terms of FDA-registered products and ranks first in the production of medical devices. At the heart of GHX is the GHX Exchange, a platform that connects healthcare providers and suppliers so they can work together electronically. The company has approximately 20 in-house drug discovery programs at different stages of research & development, and is collaborating with pharmaceutical, biotech, and chemical companies, foundations, and research institutes in North America, Europe, Asia, Africa, and Australia to enable the discovery and development of novel medicines and agrochemicals. The company says it has been able to reduce symptoms for 70% of patients with PTSD and panic disorder who are on Wisconsins Managed Medicaid plan, and has seen a 74% patient adherence rate. From its head office in San Diego, Tandem has long characterized itself as a positively different pump manufacturer, working with users to make sure their products are perfectly configured to meet their unique needs. 61. 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