Top Medical Device Startups - 2022
Bio-Leonhardt: A Breakthrough in Heart Regeneration Therapy

Top 10 Medical Device Startups - 2022

Imagining a wearable robotic exoskeleton that can provide greater mobility to paraplegic individuals or a pocket-size ultrasound device; these real-world applications of advanced technologies ranging from artificial intelligence to robotics are enabling a significant impact in the medical devices sector.

Driving its growth are novel technologies like cloud-based product lifecycle management (PLM) solutions, artificial intelligence, and 3D printing that are paving the way for digital innovation in medical device industries and helping healthcare companies solve critical challenges. While such technologies are a long way from replacing human interaction and intelligence, they are significant in enhancing the current operational efficiency, productivity, and speed, while minimizing the risk of errors.

In the wake of these developments, the global medical device market is projected to reach a CAGR of 4.8 percent by 2027.

To put the spotlight on such key developments, MedTech Outlook illustrates how medical device startups are leveraging the latest technologies. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Robert Garber, Partner at 7wireVentures, Carter Williams, CEO and Managing Director at iSelect Fund, and Paul Conley, Managing Director at Paladin Capital Group. They shed light on the role of metabolic health in driving the future of medical innovation, how to build a business around a medical device, and the importance of investing in medical device innovation.

In this edition of MedTech Outlook magazine, we also bring to you the story of some of the top medical device startups. In the list, Novuson stands out for its patented direct therapeutic ultrasound (DTU) technology platform to perform surgeries quickly and rapidly control bleeding associated with traumatic injuries. We also bring to you the stories of Bio-Leonhardt, providing novel and path-breaking treatment to regenerate the heart.

Through the following pages, we aim to shine a light on the innovative trends and latest developments in the medical devices segment. We would like to know your thoughts.

    Top Medical Device Startups

    Novuson
    Novuson is developing its direct therapeutic ultrasound technology platform for coagulation and hemostatic control in surgical and trauma procedures.
    Bio-Leonhardt
    Bio-Leonhardt has developed a path-breaking combination therapy for complete heart regeneration. The company combines bioelectric signaling of controlled protein expressions for growing new blood vessels, muscle, and nerves with the continuous delivery of muscle stem cells and support factors.
    Prevencio, Inc.
    Prevencio, Inc. revolutionizes blood tests for cardiovascular disease powered by artificial intelligence (AI). Prevencio utilizes machine learning (artificial intelligence) + multi-proteomic biomarkers + proprietary algorithms to deliver cardiovascular diagnostic and prognostic tests that are significantly more accurate than standard-of-care stress tests, individual biomarkers, genetic markers and clinical risk scores.
    QMed Innovations, Inc.
    QMed Innovations, Inc. improves the bottom-line performance of medical device companies by providing unprecedented visibility, utilization and control of medical device inventory across the supply chain. The QMed sensor is designed to withstand autoclave cycles and send autonomous surgical kit tracking and monitoring data, enabling OEMs to increase kit turns while reducing kit spend.
    Activ Surgical
    Activ Surgical’s mission is to deliver intelligent information that reduces surgical complication rates, ushering in a new standard of patient care and safety. Their vision is to transform the collective surgical experience by leveraging emerging technologies and data into insights that make world-class surgery accessible for all.
    ENvizion Medical
    ENvizion Medical is one of the leading innovators in enteral feeding. Their unparalleled technological expertise combined with input from clinicians, constantly drives them to develop game changing products. From next generation and FDA cleared tube placement technology to ENFit compliant sump/ feeding tubes, ENvizion puts the power, control and confidence back in the hands of the user.
    Pure Scientific Technologies, Inc.
    Pure Scientific Technologies, Inc. is a start-up medical device company that is developing a new patent-pending drug delivery system. Their mission is to design, develop, produce and market new and innovative products based on its patent-pending technologies utilizing Heliox, Helium and other gases to enhance and accelerate absorption of pharmaceuticals and CBD through the lungs into the bloodstream.
    Sarasota Medical Products, Inc.
    Sarasota Medical Products, Inc. is a veteran-owned developer of novel medical device adhesives based out of Sarasota, Florida. They genuinely have a passion for developing unique products that will empower patients to confidently manage their lives. Currently Sarasota is developing a group of products that focus on novel antibacterial and other proprietary formulations.
    Surgmed Group
    Founded in 1992 and based in Montreal, Canada, The Surgmed Group of Companies serves the Canadian and global healthcare markets with high quality and competitively priced medical devices, all backed by world-class customer care. Their three unique companies; Advanced Surgi-Pharm Inc., Batrik Medical Manufacturing Inc., and Imperial Surgical Ltd., strive to be global leaders in delivering total healthcare value.
    Toronto Business Development Centre
    Toronto Business Development Centre has been acclaimed as one of the country’s leading business incubators in fostering entrepreneurial community, providing business support, and establishing investor relations. They motivate entrepreneurial-minded individuals from diverse communities to effectively start-up and grow their companies through a variety of tailored programs.