fastest growing medical device companies

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. Although the industry's revenue growth has accelerated, on average, during the past ten to 15 years, much of the improvement has come from small- and midcap companies. For the second year in a row,Fast Companyis recognizing the 10 Most Innovative Companies in Medical Devices. Sleep apnea developer Airing makes crowdfunding goal. . Category: Software & Data. 42. At the heart of the companys business is the revolutionary Ambient Automation Platform, a powerful AI-driven data services platform that expedites the communication of medical documentation among primary providers, specialist clinics, emergency departments, and large-scale healthcare systems. Since 2010, GHX has saved the healthcare industry more than $5 billion. The platform streamlines processes and uses AI-driven automation to accurately calculate and adjudicate provider compensation in accordance with contract terms and value-based performance measures. 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. Its regenerative tissue technologies include products that address soft tissue, nerve, and tendon repairs and for the treatment of acute and chronic wounds, burns, as well as for plastic and reconstructive surgery. 77. Among the organizations that have come to rely on their partnership with Cue are ConocoPhillips, Johnson & Johnson, and a variety of national sports leagues. Arthrex, Bristol-Myers Squibb, and Noven are just a few examples. The Paris-based company is still the only provider in the world of AI-based remote monitoring of orthodontic appliances, and its proprietary program has built the largest visual orthodontic database in the world while alerting dental professionals to a wide variety of oral events. One of the most common, the peripheral blood smear, is still primarily done by an analyst with a microscope who counts the cells manually, looking for abnormalities. 87. The last year has seen the assertive development of further technological capabilities with the promotion of a new head of machine learning and digital transformation, as well as the launch of a brand-new remote source data verification program, a critical component in the collaboration of international clinical research sites. . The company also works to help employers optimize their health insurance packages for their workforces, and its round-the-clock Virtual Care platform directly links people who need healthcare to the appropriate providers. 18. Category: Biotech. Within eleven short years, the company has built collaborations with the American Medical Association and launched a first-of-its-kind clinical trial for weight loss that was published in the journal Preventing Chronic Disease, just one of its 18 peer-reviewed medical publications. Category: Medical Devices. 26. 90. With 175 associates. 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. In 2022, the company received FDA clearance for its kit, and also expanded the system to cover even more kinds of spine surgeries. Cynerio is the one-stop-shop Healthcare IoT security platform. The focus of GHX is on the healthcare supply chain, through which hospitals and their suppliers buy and deliver the thousands of medical-surgical supplies that clinicians need to effectively care for patients. Founded in 1989 by Richard E. Caruso, the company is headquartered in Princeton, New Jersey. Top 10 Orthopedic Device Companies 1. 4. By focusing on womens health while still delivering health benefits to everyone, Hologic is setting a new standard of excellence that is strengthened by purpose, driven by passion, and brought to life by its promise of more certain early detection and better health outcomes. 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. For the first nine months of 2021, Inspire reported revenue of $155 million and a net loss of $39.65 million. By leveraging its workforce of more than 3,000 full-time employees, the privately-owned company operates facilities that sterilize medical products and food, among other things. Accelerate was also honored this year with Chinas Suzhou Industrial Park Science and Technology Leaders Innovation Award for its landmark Pheno system. MedCity News, Mass Device, 2010. An eight-time winner of the Northeast Ohio Top Workplace Award, the company has also distinguished itself with world-class patient satisfaction rankings four years running. Unity Screen(TM), BillionToOne's commercially available non-invasive prenatal test (NIPT), is the only NIPT that can assess fetal risk for both recessive conditions and aneuploidies from maternal blood. Leading products such as Krystexxa, Duexis, and Rayos have brought comfort to and improved the lives of millions of individuals around the world who suffer from rare diseases such as gout, thyroid eye disease, and a variety of other inflammatory diseases. From the moment of its founding under the name Roman in 2017, Ro has raised several brisk rounds of investor funding that have allowed it to grow its product line rapidly and build a dedicated customer base. 1. Edwards Lifesciences is the global leader in patient-focused medical innovations for structural heart disease and critical care monitoring. Zynex is located in Englewood, Colorado. For inventing a smarter way to manage diabetes. 63. Headquartered in Munich and New York City, the company employs a team 1,200 strong for further development of its AI-assisted digital therapy technologies. Clinical ink 64. Enable Injections 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. 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. While Hologic discovers and develops groundbreaking products and services that benefit everyone, they are especially passionate about those that advance womens health and well-being, allowing the company to prosper and grow while empowering women to experience healthier lives. According to the company's leadership, its primary objective in 2022 is to prepare for the potential approval and launch of B-VEC, which treats Dystrophic Epidermolysis Bullosa, in the U.S. 67. Currently, BrainsWay has treated more than 100,000 patients. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. 40. While the system is not cleared for use in the U.S., it has received the CE mark in Europe. In a field as rooted in the tangible world as dentistry, French IT services provider DentalMonitoring has built a brand-new digital ecosystem. 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. It employs approximately 125,000 individuals in its international offices and production facilities, most notably from its headquarters in Basel, Switzerland and Cambridge, Massachusetts. The electronics giant opted for a name change in 2012. 48. 1. In September 2021, Transcenta Holding was listed on the Main Board of the Stock Exchange of Hong Kong. BillionToOne's proprietary Quantitative Counting Templates, or QCT(TM), platform unlocks transformative improvements in prenatal screening and liquid biopsy for cancers. Thrives Microsteps small, science-backed steps to improve health and productivity have been adopted by employees at more than 125 organizations in over 140 countries, from frontline and call center workers to executives at multinational companies. These 10 companies are thinking creatively to pave the path to a healthier future with more efficient processes and better care for all of us. For using magnetic stimulation to treat depression. 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. Category: Medical Devices. One of the most important names in medical data services is Augmedix, a San Francisco-based company that aims to humanize the medical industry. They operate one of the world's largest libraries of accessible clinical and molecular data, which enables physicians to deliver personalized patient care. 50. Helix is a private company and was founded in 2015. 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. Today, RXNT has grown immensely, with a range of award-winning, certified healthcare technology solutions, including Electronic Health Records, Practice Management with Medical Billing and Scheduling, Patient Engagement & Telehealth, integrated mobile applications, and more. 19. Founded in 2000 by former CEO Anu Acharya, Ocimum provides comprehensive bioinformatics services, reference databases, genomic services, and LIMS solutions to customers in more than 100 countries around the world. Category: Software & Data. On track to generate more than $2 billion in medical cost savings by 2023, DispatchHealth is pioneering an industry-wide shift in where healthcare is delivered, putting the well-being of patients at the forefront. As a global leader in biosimulation, Certara serves more than 2,000 biopharmaceutical companies, academic institutions, and regulatory agencies across 62 countries. Category: Software & Data. 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. Additionally, the company develops programs for treating obesity. As the pioneer of many products considered industry standard, including the transcatheter aortic valve replacement, Edwards products are sold in approximately 100 countries around the world. 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. Investors include Warburg Pincus, DFJ Growth, Kleiner Perkins Caufield Byers, Mayo Clinic, and Temasek. 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