What’s the future of Med Tech Startups?
Redefining businesses and their operations, post-COVID times are raising prospects for medical technology startups to not only revamp themselves in profitable ways but also deliver value-adding experiences to care seekers. In order to prick the bubble of anxiety and depression involved during the crisis, technology startups in the medical industry have been vesting in their intellectual efforts to develop personal protective equipment (PPE), masks and face covers, ventilators, drones for protection purposes, and more.
Startups involved in creating medical technological aids directly relate to the present situation of the healthcare realm. Reshaping their products and solutions by understanding and rightly serving patients infected by COVID-19, startups can realign their businesses and jump back to form instantly. Also, they can analyze the deficiencies prevailing in the medical service domain and fill them up with innovations and stabilize their vision and mission statements.
Top 10 MedTech Startups Companies — 2019Post-COVID has marked the start of a new era, and startups in the medical space can make the most of it by decoding the future requirements of the transformed lifestyles that people would get accustomed to. Looking to innovate and renovate the existing PPE kits and ventilators by predicating the features of futuristic care can bring a sense of practical development for the startups. Agility is a very important factor that contributes to helping startups thrive. Diversifying working strategies and product and solution portfolio can help the tech developers prepare themselves for the future.
Responding to the call for progression amid the high-risk situations, medical technology companies and startups are joining the industrial march towards delivering assured care. In this way, startups are recreating their future and stabilize their place in the industrial world.
Top 10 MedTech Startups Companies:
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.
Abilitech Medical
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
Biologica Technologies
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
Innovative Sterilization Technologies — ONE TRAY®
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
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