On average, Xencos tools save hospitals $900 to $1,200 per surgery, according to the company. The company was named one of the Best Companies in BioTech in the 2022 Powderkeg Unvalley Awards, among other accolades. Category: Medical Devices. The Patel family founded Meditab in 1998 after experiencing first-hand the frustrations of using inadequate software in their family's pharmacy. This expertise provides the insights needed to see and act on the opportunities, challenges, and solutions to ensure a successful commercial effort while improving the patient experience. Category: Consumer HealthTech. Initially spun off from technology developed at MIT in 1985, Organogenesis got started with the release of Apligraf, its first-of-its-kind living cell-based product that is still approved by the FDA for the treatment of foot and leg ulcers. Patagonia Health 6. Philadelphia: PA: USA: $135M: Real Estate Tech: 155 $: 23.3M 23.3M469: 14: West Shore Scho. What they have in common is the impact they are having on patients lives, whether through direct treatment or by providing advanced, game-changing products and services to treatment providers. Fisher Wallace Laboratories Arizona-based medical equipment manufacturer Accelerate Diagnostics is working to save the lives of patients suffering from serious infections with the development and production of a new generation of in vitro diagnostic products. The 49 California companies included in this assessment created $23.9 billion of increased value. Further research by the company has led to the development of new drugs with the potential to treat opioid use disorder, heart failure, and depressive disorders. For designing a more intelligent way to count blood cells. Engineering and development company Telstar performs many essential functions across the world of healthcare. BillionToOne is a molecular diagnostics company with a mission to make molecular diagnostics more powerful, accurate, and accessible for all. 69. Since 1989, Tosoh Bioscience has become known throughout the Americas for providing sophisticated diagnostic systems to doctors offices, hospitals, reference laboratories, and veterinary practices. In 2022, Sleepio became the first-ever digital therapeutic to receive National Institute for Health and Care Excellence (NICE) guidance as a safe, effective, and cost-saving option for treating insomnia in the U.K. 62. Following its acquisition of NuTech Medical in 2017, Organogenesis has seen soaring stock prices that have continued despite market turmoil, leading to its designation as one of the highest growth companies in Massachusetts in March 2022. In 2020, the company announced the initiation of enrollment in a human clinical Investigational Device Exemption (IDE) study evaluating the safety and effectiveness of its Posterior Cervical Stabilization System (PCSS). With already a large global footprintits laboratories consist of more than 80,000 square meters of spacethe company continues to grow. The undisputed market leader in kidney treatment products is Somatus, the Virginia-based company dedicated to creating a world in which no one will ever need dialysis again. 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. Axonics reported $180.3 . Avalon, headquartered in Tampa, Florida, was co-founded in 2013 by CEO Bill Kerr, MD, and Adam Boehler. As a digital therapeutics company, Kaia Health is at the forefront of the treatment of COPD and musculoskeletal diseases. According to Krishan, he became fascinated with the world of biotech after a company of his received approval for a drug, which led to hearing stories from friends about their children being able to take the drug and feel better. The monitor makes it easier for doctors to quickly see brain-wave activity and diagnosis seizures. In 2021, for the third year in a row, RXNT was named to the Inc. 5000 list of Americas Fastest-Growing Private Companies. The COVID-19 pandemic saw an explosion in biotech funding in 2020 and 2021. Since its founding in 1985, the company has expanded to more than 100 countries and territories and holds more than 3,000 patents. MedMasters. 81. According to a report by Grand View Research, by 2020 The US medical supply manufacturer's market grew to a staggering USD 176.7 billion, a sharp spike from USD 147.7 billion in 2016. Except for hospital and practice management software, it encompasses any technology-enabled healthcare product or service that can be provided or consumed outside of a hospital or physician's office. Although Merative has only been a standalone company working with Francisco Partners as of 2022, it carried out its mission of driving progress in health under the name IBM Watson Health since 1973. It can be used for traumatic injuries, such as finger and toe replantations, as well as lymphatic surgeries and head, neck, and breast reconstruction. It affects more than 7 million hospital patients in the U.S. annually and is only diagnosed correctly about half the time by bedside assessments. 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. Ascom is headquartered in Baar, Switzerland, has operating businesses in 18 countries, and employs around 1,300 people worldwide. Founded in 1989 by Richard E. Caruso, the company is headquartered in Princeton, New Jersey. This Startup is using advanced machine learning technologies to . This holistic approach to bioinformatics is enabling researchersat the worlds leading academic, biotechnology, clinical diagnostic, government, and pharmaceutical entities and medical centersto increase R&D efficiency, enhance the hypothesis resolution process, isolate critical biomarkers, and even turn a failing clinical trial around while also reducing computational workflow times and data storage costs. Avalon Healthcare Solutions 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. The result is heightened efficiency, productivity, and resource utilization that ultimately leads to increased patient volume and revenue. 28. 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. Category: Consumer HealthTech. For more than 11,000 healthcare organizations and 4.5 million caregivers, Relias helps its clients deliver better clinical and nancial outcomes by reducing variation in care. The company's mission is to empower . Further research by the company has led to the development of new drugs with the potential to treat opioid use disorder, heart failure, and depressive disorders. 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. renegade.bio is currently developing on-time diagnostics across multiple disease spaces, including highly sensitive and accurate PCR monkeypox tests for San Francisco and California at large, as well as testing for various STIs and infectious diseases. The company understands that rapid access to critical information is essential in the diagnosis and management of lung cancer. Leveraging the power of data-driven evidence, Precision Value & Health is able to help clients navigate their way through commercial journeys by offering end-to-end products and consultative insights. In September 2021, Transcenta Holding was listed on the Main Board of the Stock Exchange of Hong Kong. 2. TELUS Health has long worked to achieve considerable social good with its corporate activities, recently helping two million Canadians gain access to their own digital health records and opening a mental health clinic in Montreal to better support the community. Category: Medical Devices. 95. Across the U.S. the company saw 1.5 million Americans in 2020. the fastest-growing category is remote monitoring and diagnostics medical devices; Since then, Meditab has become a pioneer in clinic software, servicing more than 41,000 healthcare professionals and more than 10,000 providers. Largest Medical Device Manufacturers in the Puget Sound Region - Puget Sound Business Journal Largest Medical Device Manufacturers in the Puget Sound Region The Book of Lists Book of Lists -. 98point6 was founded in 2015, and has quickly built a reputation for harnessing AI and machine learning to remove barriers to medical care while improving outcomes for patients. The Healthcare Technology Report is pleased to announce The Top 100 Healthcare Technology Companies of 2022. Medical robots constitute a fast-growing medical equipment business sector. DePuy Synthes $7.76 Billion 3. Zimmer Biomet $7.03 Billion 4. Launched as the first dedicated provider of value-based kidney disease care in the United States, Somatus was started by doctor and entrepreneur Dr. Ikenna Okezie. Ascoms mission is to provide mission-critical, real-time solutions for highly mobile, ad hoc, and time-sensitive environments. For inventing a smarter way to manage diabetes. Founded in 2007 by Doug Pierce and Dr. Tommy LittleJohn, Clinical ink offered the first purpose-built solution to directly digitize clinical trial source data, eSource. Today, its products are used in more than 100 countries around the globe. A leader in the development and advancement of at-home, direct-to-patient healthcare solutions, New York telehealth company Ro has long been dedicated to breaking down barriers between people and providers. Additive manufacturing (commonly referred as "3D printing") of medical devices was valued at $1.1 billion in 2019 and is estimated to reach close to $4 billion by 2027. Surgical and medical instrument is the fastest growing segment with a growing CAGR of 10.23% over the forecast period due to growing demand for devices that manage disability and chronic pain and improve recovery times. Already, the company has established a global footprint with numerous locations around the world, including in China's biggest cities. The acquisitions were a huge boon for Precision Medical Products, which now owns the industry's first single patient use mobile compression device on the market, and the first portable compression device for the hospital market. Freespira has designed a sensor that measures breathing rates and CO2 levels and displays them on a tablet so patients can visualize their breathing patterns. As befits an organization that was founded on the value of altruistic service, Centura has developed a reputation as an invaluable supporter of local communities, launching initiatives to promote food security, mental and behavioral health, and rural community care. Category: Medical Devices. With numerous products in the pipeline now, Krystal continues to develop its portfolio, which necessitates more room to grow. Its new name reflects a broader strategy of leveraging its 3D cell expansion technology to develop innovative cell-based products that can be harnessed for a wide range of fields beyond medicine, including various areas of the life sciences. Access Healthcare Commonwealth Diagnostics International, Inc. (CDI) is an innovative GI health company providing industry-leading diagnostic tests and tools to help physicians identify and diagnose common sources of digestive distress and functional gastrointestinal ailments. Wellspect Healthcare Faith-based health care nonprofit Centura Health is known as a leader in high-quality health care services throughout Colorado and western Kansas. This clinical superiority creates high expectations, which the team at Hologic fulfills by always challenging itself to improve health through better technology, education, and market access. 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. Our expansive portfolio includes non-invasive at-home breath testing kits for Small Intestinal Bacterial Overgrowth (SIBO), Intestinal Methanogen Overgrowth (IMO), and carbohydrate malabsorption disorders, as well as IBSchek, a proprietary capillary collection test for Irritable Bowel Syndrome (IBS-D/M), and MyGi Health, a cloud-based healthcare platform that enables patients to manage and understand their symptoms for a range of conditions. The Force platform has been used to treat more than 450,000 patients. 1. Category: Software & Data. Sotera Health was incorporated in 2017 by Michael Petras and is headquartered in Broadview Heights, Ohio. Penumbra, Inc. is a global healthcare company which designs, develops, manufactures, and markets innovative therapies to address complicated medical conditions in a novel way, supporting healthcare providers, hospitals, and clinics in more than 100 countries. The ArthroFree System ushers in a new era of wireless surgical visualization in minimally invasive surgery. 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. Weaves software solutions transform how local businesses attract, communicate with, and engage customers to grow their business. 94. renegade.bio renegade.bio enables individuals to take control of their health by proactively identifying at-risk communities, creating the right tests for their specific needs. Ro features a vertically integrated platform that empowers individuals to follow a complete path to total health, from diagnosis to treatment, all while avoiding the expensive and difficult ins and outs of dealing with health insurance. Tandem Diabetes Care is a medical device company that has become synonymous with quality, reliable care for diabetes sufferers the world over. In 2022, the company received FDA clearance for its kit, and also expanded the system to cover even more kinds of spine surgeries. Since then, Ceribell has been rolling it out to hospitals. And some of its leading brands include AmnioExcel, Bactiseal, CerebroFlo, Certas Plus, Codman, CUSA, DuraGen, and DuraSeal. There may be no grander figure when it comes to the development of medicines for rare and rheumatic diseases than Irish biotech research company Horizon. . The report provides medical device market sizing with forecasts from 2022 to 2027 as follows: . Based on its unique Enable enFuse technology, the company offers an innovative drug delivery technology designed to subcutaneously deliver large volumes of up to 50mL for a wide range of therapies and diseases. They operate one of the world's largest libraries of accessible clinical and molecular data, which enables physicians to deliver personalized patient care. Powered with that vision, the company works collaboratively with manufacturers teams to properly position a product into the desired sales channels while simultaneously working to ensure reimbursement success at the commercial and government payer levels. The company was launched by data scientist and onetime Entrepreneur of the Year Jassi Chadha in 2010, and has since expanded to bring new products and services to healthcare providers in 75 countries and counting. Strykers main offerings are divided into the segments Orthopedics, MedSurg, and Neurotechnology and Spine, the latter of which has seen groundbreaking advances in recent years. Fueled by mass spectrometry and liquid chromatography, the companys platform enables the development of enhanced decision-making and assay support. ImagineSoftware is the leading provider of medical billing automation software and revenue cycle management applications. you might decide these benefits provide excellent value to your fast-paced work . Category: Medical Devices. Clinical ink DispatchHealth is partnered with industry powerhouses to expand access to exceptional healthcare to as many people as possibleand theyre just getting started. Whether it is for home assistance, crisis response, moderately invasive medical operations, or specific treatment. Category: Biotech. To further accelerate its market leadership, Qventus recently established a strategic partnership with Premier Inc. Some of this years awardees include Hologic, whose growth across breast and skeletal health, diagnostic solutions, and GYN surgical solutions is driven by the clinically proven ability of its products to detect, diagnose, and treat illnesses and other health conditions earlier and better; Integra LifeSciences, which offers a broad portfolio of products and solutions for dural access and repair, cerebral spinal fluid management, and neuro-critical care; and Axtria, whose best-in-class cloud-based analytics platforms have leveraged AI and machine learning to help life sciences operators make the most of their data for the benefit of their clients. Seven Bridges 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. Ongoing research has confirmed optimal health outcomes among t:slim X2 users the world over, and with the recent acquisition of insulin set developer Capillary Biomedical, Tandem is preparing to carry their tradition of innovation and service into the future. Meanwhile, following its latest round of financing, the company has raised over $342 million from globally prominent investors. In addition to expanding through innovation, the company has also grown through a recent acquisition. In all, the 180 medical device companies increased their market value by some $113.9 billion between January 2001 and February 2006a 56% increase. For smoothing out surgeons hands for microsurgery. Weve selected the firms making the biggest impact across 54 categories, including artificial intelligence, augmented and virtual reality, gaming, and more. Global Healthcare Exchange (GHX) The massive firm is operated in seven industrial divisions - Abbott Diabetes Care, Abbott Diagnostics Division, Abbott Molecular Diagnostics, Abbott Nutrition International, Abbott Point-of-care, Abbott Vascular Division, and Established Pharmaceuticals Division. As one of fastest growing PPE Import and Export solutions . The healthcare provider currently operates in 34 states with 60 distinct markets, including mobile diagnostics, and demand for a complete system of care in the home continues to climb. It has contributed a great deal of resources and attention to supporting community hospitals and rural communities in seven different countries, and recently issued a $5 million health equity and advancement grant to help regional organizations enhance health outcomes across the board. Founded in 2014, XIL Health consistently serves as a trusted advisor to the pharmaceutical industry, with analytics that more precisely account for rapidly changing market forces. CitiusTechs deep commitment to world-class quality and unwavering focus on delivery excellence and client satisfaction is evident in their customer satisfaction score of 4.5/5 and a Net Promoter Score (NPS) of over 70. Category: Software & Data, Clinical ink is the global life science company that brings data, technology, and patient science together. For its efforts in the development of these innovative treatments, Jazzs neuroscience and oncology divisions together posted revenues of $814 million in the first quarter of 2022, up more than a third from last year. The company has attracted a great deal of praise from industry and civil organizations for the benefits of its generic drugs, which have been praised by the Access to Medicine Index for widening access to medicine among underserved populations. This August, BrainsWay received FDA clearance for its H7 coil to be used to treat anxious depression and depression, giving doctors yet another tool with which to approach depression. The company reported $21.1 million in revenue for the first nine months of 2022, but its losses have accelerated as it builds out its sales infrastructure. Even amid overburdened hospital systems and burned-out staff, there has been no shortage of companies looking to help grow the capabilities of clinicians via innovative devices. Category: Biotech. Category: Consumer HealthTech. 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. Exponent Health As a technology company dedicated to healthcare cost reduction, Exponent Health is leading the future with solutions powered by Expio. 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. Integra LifeSciences is a global leader in neurosurgery and regenerative medicine. 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. Over the past 20+ years, Meditabs technology capabilities have expanded to mobile functionality, telemedicine, and a suite of EHR-integrated office management tools called the Electronic Medical Office (EMO). The company was recently named the Most Disruptive in the Oregon Technology Awards, one of Americas Best Startup Employers by Forbes, and one of the Most Admired Companies in Health by Portland Business Journal. There may be no more powerful discipline for achieving greater outcomes in healthcare than genetic research, and thats exactly what Delaware company MedGenome is all about. Zynex Inc. was founded by Thomas Sandgaard in 1996 and saw its first product cleared by the FDA in 1998. Category: Consumer HealthTech. The company helps healthcare organizations get better at identifying problems and addressing them with better knowledge and skills. From the software in the doctors office, through benefits and price investigation, to hand-delivery to peoples homes and ongoing patient support, Altos platform delivers a level of value and care far beyond peoples expectations of traditional retail or digital pharmacies. By partnering with Sedera, GigSmart's 400,000 users have more freedom of choice to access, pay for, and manage their healthcare. Zynex is located in Englewood, Colorado. 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. The company has gone on to release other groundbreaking product lines, including Dermagraft and PuraPly, giving new hope to acute and chronic leg wound sufferers and the health practitioners who help them. The companys newest patient-facing product, MyRXNT, helps patients stay connected to their health with user-friendly tools designed to manage medical information and navigate the health journey. It is designed to meet the needs of surgeons seeking more-nimble, cutting-edge surgical tools. 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. Category: Biotech. ExactCare Pharmacy To help address this challenge, all tests deliver results in an unprecedented length of time: within a week for Nodify Lung and 36-72 hours for IQLung. 4. INC 5000 #616 of the Fastest Growing Companies in The United States! TELUS Health The Seven Bridges Ecosystem consists of a compliant analytic platform, intelligently curated content, transformative algorithms, unprecedented access to federated data sets, and expert on-demand professional services. In neurosurgery and regenerative medicine and assay support over $ 342 million from globally prominent investors assistance, crisis,... Duragen, and engage customers to grow California Companies included in this assessment created $ 23.9 Billion increased... 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