LET'S TAKE A DEEP DIVE ON THE GROWING MEDTECH INDUSTRY
Medical technology has been helping people live better lives for more than 100 years. During that time, the treatment of both common and rare conditions has evolved from testing groundbreaking procedures in hospitals to incorporating lean startup models for medical device development and taking advantage of health technology advancements to create mobile apps, wearables, and other smart devices.
Medtech is an emerging industry with many subcategories. One example of a growing medtech subindustry is medical device which according to our recent research expected to grow to $671.49USD billion by 2027. COVID19 has been changing the world with innovation and research. These tools have brought us closer to staying healthy and living longer by making it easy for people to monitor their health and manage their symptoms in the comfort of their own home.
Industry Cluster Insights
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Each subsector of MedTech appears to be developing their own regional clusters. We encourage you to leverage the GIS Mapping feature in Gazelle.ai to dive deeper on the subsector of interest.Not sure how to do that? Here's an article to get you started.
LET'S TALK MEDTECH COMPANIES
Bio-T is a cloud software company that provides a SaaS cloud platform designed with cloud-native architecture for turning stand-alone medical devices into full, cloud-connected medical IoT solutions where the generated data can be utilized. It is a cloud technology for medical device manufacturers enabling them to securely connect their devices to the cloud and to encourage patients to donate data for medical research. Business-wise, bio-T™ accelerates the transformation of stand-alone medical device manufacturers into fully regulated smart connected service providers while reducing cyber, compliance, and technological risks. With a G-Score of 6 might have seen this high-growth company at the recent Medica trade show.
Another medtech company that we're seeing high-growth and expansion potential is BioMedica Diagnostics. BioMedica Diagnostics is a proudly Canadian company focusing on thrombosis & haemostasis diagnostic solutions for human and animal health. With a G-Score of 6, BioMedica offers a comprehensive line of diagnostic and research products, recently strengthened through the acquisition of specialty coagulation products and technologies. In the BioMedica line-up, partners will find high-quality kits, controls, reagents, calibrators, antibodies, and substrates that are designed for clinical use in routine and specialty coagulation and are also widely used in research and industry environments. BioMedica products are available for sale directly to laboratories and can also be purchased worldwide through a network of elite distributors.
Our medtech industry deep-dive wouldn't be complete without mentioning the revolutionary Clinical Diagnostic Solutions Inc. Clinical Diagnostics Solutions designs, develops, manufactures, and distributes hematology analyzers, reagents, and controls and calibrators for use in clinical, commercial, and veterinarian laboratories. It offers M-series and medonic hematology analyzers. The company also provides OEM and custom products for clinical and veterinary markets, including hematology reagents, hematology controls, calibrators, chemistry reagents, chemistry controls, calibrators, coagulation controls, and calibrators, diagnostic in-vitro test kits, and linearity materials.
3 MEDTECH VERIFIED PROJECTS
🖥 AKKURE GENOMICS builds software for clinical trials and developed a clinical trials platform using artificial intelligence, which allows people to participate in clinical trials based on their genetic and clinical data. This company is looking to expand into the US. Learn more about their project here.
❤️ BIOTRONIK develops trusted and innovative cardiovascular and endovascular solutions (pacemakers, implantable defibrillators, stents, and remote patient management). This company is currently looking to expand into the southern United States. Learn more about their project here.
Here are 3 trade shows featuring the latest revolutionary and fast-growing medtech companies.
📆 January 24th - 27th, 2022📍 Dubai, United Arab Emirates
📆 September 21st - 22nd, 2021📍 Boston, United States
📆 November 15th - 18th, 2021 📍 Dusseldorf, Germany
Let's make searching with Gazelle.ai even easier. Here is a list of suggested keywords to use for your medtech searches. You can use any of these below with your specific parameters or use in a combination of keywords to find the search results that best suit your needs (i.e. biotech + telemedicine).
Happy Gazelle-ing from your Customer Success team 😀
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