The healthcare sector is growing rapidly in the global landscape, in terms of revenue as well as market share. This growing market has given rise to many MedTech start-ups around the world. They help to book appointments, cater to various health care segments and sell medicines online, basically operating as commercialized units of venture.
Here is the list of top 10 Global MedTech start-ups:
1- Flatiron
Founders: Nat Turner, Zach Weinberg
Founding Year: June 2012
Headquarter: New York, US
Funding received: USD 313 Million
Investors: Roche, GV and Casdin Capital
About the company: Flatiron is a healthcare-based services company which focuses on accelerating cancer research and improvising patient care. The association’s platform provides cancer researchers the facility to learn from the experience of every patient. The database platform integrates and transforms clinical and financial data from medical records. Presently Flatiron partners with over 280 cancer practices, seven major academic research centres and therapeutic oncology industries.
2- Congenica
Founders: Eugene Bragin, Matthew Hurles
Founding Year: 2014
Headquarter: Cambridge, United Kingdom
Funding received: USD 99.1 million
Investors: Legal & General, Tencent Holding and Parkwalk Advisor
About the company: Congenica is a digital health platform which enables genomic medicine with the world’s leading clinical decision provider stage. It is a privately held organization which operates under the biotechnology sector and has a work strength of around 51-200 employees. They deal with various specialties like digital health, empowering health care, clinical genetics and next generation sequencing. The organization is basically the provider of sapientia, diagnostic decision support platform and regional genetic testing laboratories.
3- Atlantic Therapeutics
Founders: Steve Atkinson
Founding Year: 2013
Headquarter: Galway, Ireland
Funding received: USD 52 million
Investors: Enterprise Ireland, Life Sciences Partners and Early bird Venture Capital
About the company: Atlantic therapeutics is a medical technology firm which develops pelvic floor muscle strengthening and nerve stimulating products. The company’s devices primarily focus on the treatment of all types of sexual health dysfunctions, incontinence and other related disorders by strengthening muscles and modulating nerves of the pelvic floor, enabling bladder patients to recover from their conditions associated with pelvic floor weakness. Their products are backed by strong clinical proof and are subjected to restricted trails.
4- Oura
Founders: Petteri Lahtela, Markku Koskela and Kari Kivelä
Founding Year: 2013
Headquarter: Oulu, Finland
Funding received: USD 48.3 million
Investors: Gradient Ventures and Forerunner Ventures
About the company: Oura is an award winning and a rapidly growing start-up which helps people track their sleep pattern and schedule using the Oura ring connected software. The panel operates under the healthcare and fitness industry and has a work strength of around 100-300 employees. With the support of the premium technology Oura tracks respiratory and heart rates, activity level and blood volume of the user with a gyroscope, infrared LEDs and 3D accelerometer.
5- Liva Healthcare
Founders: Kristoffer From, Carl Brandt, Rune Bech
Founding Year: 2014
Headquarter: Copenhagen, Denmark
Funding received: USD 43.5 million
Investors: Verlinevest, Digital Health Ventures, Santo Ventures Capital and MIG
About the company: Liva Healthcare is a health and medicine-based start-up established in Copenhagen. They Have been working to improve the lives of their clients suffering from chronic diseases like heart diseases, type 2 diabetes and much more. They improve their lives by bringing a positive change in their behaviour and soul. They deal with various specialties like NHS, lifestyle and health management, digital health technology.
6- Day Zero Diagnostics
Founders: Jong Lee
Founding Year: 2016
Headquarter: Allston, United States
Funding received: USD 17.8 million
Investors: Carb – X, Triventures, Golden Seeds and Sands Capital Ventures
About the company: Day zero diagnostics is a new class of diagnostic labs which enables a physician to switch from broad spectrum antibiotic therapy to a targeted antibiotic in 6 hours rather than in 2-3 days. DZD utilizes the entire proprietary keynome and genomic sequence algorithm to identify a comprehensive range of pathogens bacteria and their characteristics within hours.
7- Aidence
Founders: Mark Jan Harte, Jeroen Van Duffelen
Founding Year: 2015
Headquarter: Amsterdam, North Holland
Funding received: USD 14 million
Investors: INKEF Capital, Rabo Ventures, henQ and SBRI Healthcare
About the company: Aidence is a dutch medical imaging start-up which utilizes artificial intelligence to support medical professionals detect diseases such as lung cancer. The organization has developed veye chest which is touted to provide radiologists to identify the pulmonary nodules to detect cancer. They also deal with other specialties like deep learning, data analysis, medical imaging, radiology and artificial intelligence. They function under the medical device sector.
8- No Isolation
Founders: Matias Doyle, Marius Aabel and Karen Dolva
Founding Year: 2015
Headquarter: Oslo, Norway
Funding received: USD 10 million
Investors: Idekapital, Laila Danielsen and Anne Worsoe
About the company: No Isolation is a privately held organization functioning under the information and technology services sector. The company aims to minimise the involuntary and loneliness social isolation with its communication tools which are meant to support those who are affected. The device supports both adults and children affected by illness and long-term disabilities to indulge in social and educational activities. Their specialties are related to the MedTech hardware, software electronics and engineering user experience.
9- Ablitech Medical
Founders: Angie Conley
Founding Year: 2016
Headquarter: Eden Prairie, Minnesota US
Funding received: USD 8.2 Million
Investors: Sofia Fund
About the company: Ablitech is known as a medical device start-up which maintains solutions for patients. The institution aims to create a range of functional devices to assist the support in the types of everyday activities which allows individuals to achieve economic, physical and social autonomy. Ablitech is basically a company providing solutions for patients with neuromuscular conditions. They have a goal of restoring independence to people with upper limb conditions por injury.
10- ABLE Human Motion
Founders: Alex Garcia, Alfons Carnicero and Josep Font
Founding Year: 2018
Headquarter: Barcelona, Catalonia, Spain
Funding received: USD 931.2K
Investors: Bstartup and EASME
About the company: Able is a Barcelona based device start-up and the world’s first manufacturer of robotic exoskeletons with a vision of improving quality of life of individuals with disabilities. The device is lightweight and easy to use which supports an affordable option for individuals in wheelchairs to be fitted in an exoskeleton and begin walking. The organization was established in 2018 and operates under the medical device sector and has a work strength of around 10-20 employees. They deal with various specialties like robotics, rehabilitation and innovation technology.
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