The role and value of medical technology is increasing by leaps and bounds as healthcare industry is rapidly moving toward digital transformation. The healthcare sector is taking advantage of advanced technologies to improve and broaden healthcare services. With the help of AI, 3D printing, and automation, medical researchers and entrepreneurs are making major breakthroughs that allow for easy and more accurate diagnoses, improved treatments, drug discovery, customized prosthetics, and more.
Over the course of 2019, medical experts are largely inclining toward data sciences to gain better insights from existing health information. Blockchain’s ability to provide data security is expected to drive a push towards more data-driven technologies and that is expected to bring about a real revolution in digital healthcare. As a lookout for what is to come in the future of digital health, the use of AI in improving healthcare robotics is another promising field.
Understanding the changing times, MedTech Outlook has compiled a list of Top 10 MedTech Startups to guide organizations associated with the medical sector in harnessing the power of technology to tackle today’s medical challenges, while simultaneously adapting them to improve and broaden healthcare services. With several innovative technological capabilities and success stories up its sleeves, startups like Innovative Sterilization Technologies, Biologica Technologies, OrthoGrid Systems, and more, are constantly proving its mettle in the field of medical technology. We hope this issue of the MedTech Outlook helps you build the partnership you and your firm needs to foster a technologically-driven healthcare experiences.
Top MedTech Startups
Abilitech Medical is one of the medical device companies that are launching a product that appears directly out of science fiction at first blush for patients with very restricted mobility, such as those suffering from MS, muscle dystrophy, ALS and spinal cord injury. Their first device increases patient function by helping individuals feed themselves, undertake self-care duties, and literally open doors to fresh possibilities. Significantly less time is spent on the accomplishment of the device to the patient
Check This Out: abilitechmedical.com
Founded in 2015, Biologica works to find new and better ways to increase efficacy in orthobiologics by leveraging its proprietary technology. The company’s proprietary technology captures naturally occurring growth factors found within allograft tissue, providing patients and surgeons with novel biologic solutions. The company has been developing a number of orthopaedic initiatives involving our proprietary processing methodologies. The company’s primary product, ProteiOS growth factor possesses an array of osteoinductive, chemotactic, angiogenic and mitogenic growth factors that can be added to enhance a surgeon’s scaffold of choice
Check This Out: www.biologicatechnologies.com
Innovative Sterilization Technologies is at the nexus of disrupting the market with the highly efficient filtered vent sterilization containers — ONE TRAY®. The ultra-efficient technology underpinning ONE TRAY® Sealed Containers has been cleared by the FDA with a 4 minute at 270-degree sterilization cycle with no required dry time and a defined shelf life. IST has partnered with an internal K1 Medical and EZ-TRAX™ to organize OEM knee and hip into ONE TRAY®/EZ-TRAX™ universal sets that consist of just three individual levels of instrumentation, allowing a facility to process two full EZ-TRAX™ sets in one of the washer cycles. This brings in over 80 percent efficiency to the entire process
Check This Out: www.iststerilization.com
OrthoGrid Systems is a global MedTech leader in the development, innovation, and commercialization of alignment technologies and platforms for orthopedic surgery in North America, Asia, and Europe. Our intelligence-guided systems are designed to work within the surgical theater and interface with existing hospital equipment revealing fluoroscopic distortion and enhancing surgical outcomes by providing greater accuracy and proficiency. Our technology platforms work for all Orthopedic implants in the market, and ultimately prevent re-admissions, reduce hospitals costs, and increase positive patient outcomes
Check This Out: orthogrid.com
According to medical studies, one in every three women experiences stress urinary incontinence (SUI) — the leakage of urine due to the pressure on the bladder or urethra — at some point in their lives. Minneapolis-based pelvic health company, Pelvital, hopes to help change this. The company is working to commercialize FlyteTM, a simple in-home treatment for SUI, designed to treat weakened pelvic floor muscles and provide a good outcome at a fraction of the cost and risk of surgery. It is the only product to use mechanotherapy to treat pelvic floor muscle (PFM) disorders, the primary underlying cause of female SUI
Check This Out: www.pelvital.com
ProSomnus enables dentists to create better treatment experiences for people suffering from Obstructive Sleep Apnea and Snoring. The next generation Sleep Apnea Devices utilizes patented, FDA-cleared, advanced technologies making them effective, comfortable, safe and easy. ProSomnus is focused on commercializing device designs that are clinically relevant, and creating treatment experiences that exceed the needs of the practicing sleep dentist and his or her patients. The company is dedicated to further advancing the treatment of Obstructive Sleep Apnea through ongoing research, product development, and process enhancement for improved effectiveness, efficiency, and convenience for patients and doctors alike.
Check This Out: prosomnus.com
ReGelTec, a pre-clinical medical device company, is developing the next generation of spinal implants for lower back pain and degenerative disc disease. The company’s HYDRAFIL™solution is heated and injected into the nucleus of an intervertebral disc.As the HYDRAFIL™ cools it solidifies as a homogenous solid mass between the vertebrae to eliminate pain. Since the implantis a hydrogelthat has mechanical properties similar to the normal disc tissues,it helps restore the natural biomechanics of the disc and improve spinal alignment. With this commitment to developing innovative healthcare products, ReGelTecwill start its clinical trial in Colombia by early 2020
Check This Out: www.regeltec.com
A clinical stage medical technology company, Smartlens has developed a first-of-its-kind disposable, electronics-free and ultra-sensitive soft contact lens that measures eye pressure and its fluctuations throughout the day, giving doctors and patients a better tool for glaucoma diagnosis and management. Smartlens’ non-invasive soft contact lens has a biocompatible sensor that constantly monitors and responds to changes in the eye pressure of the person wearing it. Patients simply have to take a selfie of their eye using their smartphone while wearing the lens. While Smartlens’ revolutionary product is yet to be commercialized, it is already making great strides in tests, providing accurate results
Check This Out: www.smartlens.health
Helps in improving lives by providing innovative spine surgery solutions through relentless pursuit of superior outcomes
BrainCo strives to apply brain machine interface (BMI) and neurofeedback training to optimize the potential of the human brain. BrainCo was founded in 2015, transforming the most advanced technologies from the Center for Brain Science at Harvard, and Mcgovern Institute for Brain Research at MIT into research and development of wearable wireless EEG brain wave detector. The company has specialization in brain-machine interface technology, focus level enhancement, brainwave detection, analog-digital system, brain science. The products offered by the company are FocusFit, Focus EDU, FocusNow, Focus Developer Kit, and Stem Kit.