New medical device companies are improving healthcare with AI, nanotechnology, smart implants, and biocompatible coatings. They improve diagnostics, and surgeries, and advance patient monitoring, driving better care and outcomes. Continue reading to gain data-driven insights on:
- Profiles of 10 Pioneering New Medical Device Companies
- How to Scout Innovative Medical Device Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the medical device industry. This sector is marked by key trends and a substantial workforce, shaping its future. In January 2025 days ago, we last updated this report. Notice something that’s not right? Let’s fix it together. Here are some key insights at a glance:
- Latest Medical Device Trends: Some of the major trends impacting the medical device manufacturing industry include AI, wearables, biocompatible coating, nanotechnology, and smart implants.
- Medical Device Industry Stats: The medical device sector encompassing 103K+ companies worldwide, has seen a decline of 1.14% in annual growth rate over the past 5 years. Yet it maintains a strong workforce of 6.7 million and has witnessed the emergence of 10K+ new companies in the same span.
- 10 New Medical Device Companies to Watch:
- Xenter – Wireless Hemodynamics
- Novavido – Medical Device for Retinitis Pigmentosa
- AeroDel – Respiratory & Sleep Care Products
- Ripple Therapeutics – Implantable Prodrug Materials
- HME Square – Non-invasive Glucose Monitoring
- Bioprex – Antimicrobial Coating for Biomedical Devices
- NousQ – Robotic Automated Surgical Applicator
- Hera Diagnostics – Cervical Cancer Screening
- Maria Medical Technology – Aesthetic Devices Manufacturing
- Envision – Polymer-based Ophthalmic Materials
Explore 10 Out of 10K+ Emerging Medical Device Companies
In this section, we provide a list of medical device companies that are at the forefront of innovation in healthcare technology. These firms address the critical needs of modern medicine and patient care by integrating technologies such as AI, wearables, nanotechnology, biocompatible coatings, and smart implants into their solutions.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Xenter
- Founding Year: 2020
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
Xenter collects physical intelligence, the real-time physiologic data, that assists in clinical decisions and enhances electronic health records (EHRs).
Xenter’s products include Smart Wires, intelligent guidewires, and catheters, which gather physical intelligence.
This data then goes through XenFi Wireless Network to the XMD healthcare cloud, where it supports AI-powered application, XenME, for patients and physicians, improving clinical decision-making and outcomes.
2. Novavido
- Founding Year: 2021
- Employee Range: 2-10
- Location: Italy
- Signal Strength: Very Strong
Novavido provides a nanotechnology-based medical device, Liquid Retina, which restores sight for patients suffering from retinitis pigmentosa. This device utilizes a photovoltaic polymer to create nanoparticles dispersed in an aqueous solution.
It offers a replacement for damaged photoreceptors and vision recovery across the entire visual field.
Leveraging polythiophenes, a class of light-absorbing plastics that convert light into electrical charges, these nanoparticles are small enough to be suspended in a biocompatible liquid and injected beneath the retina.
Once administered, they diffuse throughout the retina, interacting with surviving neurons to stimulate visual function.
3. AeroDel
- Founding Year: 2021
- Employee Range: 2-10
- Location: India
- Signal Strength: Medium Strong
AeroDel offers respiratory and sleep care products. Its offerings include AeroFlex, AerOPEP, JetMist, and SpiroDel.
AeroFlex improves medication delivery and reduces oral deposition. AerOPEP offers oscillating positive expiratory pressure therapy, enhancing airway clearance without medication. It is suitable for conditions like chronic obstructive pulmonary disease (COPD) and asthma.
JetMist, a portable nebulizer, transforms liquid medication into a fine mist for efficient lung delivery. Lastly, SpiroDel provides critical insights into lung health, enabling early detection of pulmonary issues and aiding in disease management.
4. Ripple Therapeutics
- Founding Year: 2020
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Very Strong
Ripple Therapeutics offers sustained drug delivery through its Epidel technology, which eliminates the need for polymers or excipients.
This creates implantable prodrug forms like cylinders and microspheres, achieving precise pharmacokinetic control through surface erosion.
It enables finely tuned drug dosing without additional bulk. Ripple Therapeutics’ product, IBE-814 IVT, targets diabetic macular edema (DME) and retinal vein occlusion (RVO).
Additionally, the company’s RTC-1119 treats open-angle glaucoma and ocular hypertension.
Ripple partnered with AbbVie to develop RTC-620, a biodegradable implant for glaucoma, securing USD 21.8 million upfront and up to USD 290 million in milestones, plus tiered royalties.
5. HME Square
- Founding Year: 2020
- Employee Range: 11-50
- Location: South Korea
- Signal Strength: Very Strong
HME Square‘s GlucoSOUND, a non-invasive continuous glucose monitoring (CGM) wearable device, eliminates the need for painful blood sampling or needle insertion.
The device uses photoacoustic technology that combines light and ultrasound waves for painless, accurate readings, making glucose management more accessible and less intrusive.
Its features include continuous, real-time monitoring with a detachable design, reusable sensors, and connectivity options for sharing data with caregivers or medical professionals for enhanced safety.
6. Bioprex
- Founding Year: 2022
- Employee Range: 2-10
- Location: Netherlands
- Signal Strength: Very Strong
Bioprex provides an antimicrobial coating that combats bacterial contamination associated with biomedical devices. This technology features an immobilized hyperbranched biocidal layer that effectively kills bacteria upon contact through powerful electrostatic forces.
The technology consists of three key components. The first component is coupling agents that covalently attach the coating to various surfaces.
The second component includes hydrophobic hyperbranched polymers that enhance the coating’s durability and block moisture penetration.
The third component involves polyamine structure modified with different reagents to create contact-killing quaternary ammonium functionalities.
This combination provides an antimicrobial barrier and allows for versatility in application across a wide range of device surfaces.
7. NousQ
- Founding Year: 2021
- Employee Range: 2-10
- Location: Singapore
- Signal Strength: Very Strong
NousQ develops CLiKX, a robotic, fully automated, and sensor-optimized handheld surgical applicator for ventilation ear tube surgery.
The device streamlines the procedure by making a precise, atraumatic slit incision on the eardrum, mimicking traditional surgery while reducing reliance on general anesthesia, surgical microscopes, and operating rooms.
Its design enables same-day outpatient treatment, improving patient access and reducing fasting requirements, hospitalization, and wait times. ENT doctors benefit from increased precision, safety, and ease of use, supported by robotics, sensors, and software algorithms.
8. Hera Diagnostics
- Founding Year: 2020
- Employee Range: 2-10
- Location: Mexico
- Signal Strength: Very strong
Hera Diagnostics manufactures Herafem which enables cervical cancer screenings using electrical impedance and optical spectroscopy technologies.
It also detects morphological and electrical changes in cells indicative of dysplasia, combining statistical analyses of optical measurements, impedance, patient data, and symptoms for precise diagnoses.
Further, Hera Biotech acquired endometriosis diagnostic assets and IP from Swiss biomarker discovery firm Scailyte.
9. Maria Medical Technology
- Founding Year: 2020
- Employee Range: 2-10
- Location: UAE
- Signal Strength: Medium
Maria Medical Technology integrates AI and robotics to create aesthetic devices and medical cobots. The company develops laser and energy-based solutions, offering advanced treatment systems for aesthetic specialists.
Its medical cobots perform and assist in tasks, relieving medical personnel of routine duties, allowing them to focus on more critical tasks, and facilitating safer, more cost-effective medical interventions.
10. Envision
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very strong
Envision creates polymeric materials for the medical device sector, with a focus on chemistry and biosciences.
With a particular emphasis on ophthalmic applications, including contact and intraocular lenses, Envision leverages its expertise to enhance patient comfort, compliance, and overall lifestyle.
These materials allow medical device manufacturers to elevate their products and enrich the customer experience.
Tips to Quickly Find New Medical Device Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new medical device companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying medical device innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the medical device industry. The platform keeps you informed with near real-time updates on the best medical device companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the medical device sector, such as biocompatible coatings, nanotechnology, or smart implants. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Medical Device Companies?
We’ve explored the dynamic landscape of the medical device industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our detailed free Healthcare Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
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