Founded in 2014 and headquartered in Portland, Oregon, Bright.md was named the Best Overall Telehealth Solution in the MedTech Breakthrough Awards two years in a row in 2021 and 2022. These devices are primarily used in rehabilitation or orthopedic settings, helping patients recover from chronic or acute pain. CDI has seen a tremendous shift from point-of-care to at-home diagnostics, leading to 75% growth over the past three years. 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. With over 293% growth between 2020 and 2021 alone, Clinical ink was listed on 2021's Deloitte Technology Fast 500, as well as nominated as Technology Company of the Year by the Philadelphia Alliance for Capital and Technologies (PACT), which celebrates the achievement and innovation of life sciences leaders. Over its nearly fifty years of IT and healthcare data development, the company has time and again revolutionized how information is used to improve the health of people and organizations, designing its cutting-edge database Micromedex in its first year of business and constantly improving it by integrating the latest developments in AI. The companys treatment for the latter condition, which affects nearly 11 million adults in the U.S., remains the first and only treatment approved by the FDA to treat bipolar depressive episodes. There may be no grander figure when it comes to the development of medicines for rare and rheumatic diseases than Irish biotech research company Horizon. MedMasters, Inc. is a healthcare company based in New York and California that provides telemedicine services for patients in rural areas. 1. Founded in 2012, Relias delivers a leading healthcare learning platform that employs performance metrics and assessments to reveal specic gaps in clinical knowledge and addresses them with personalized, engaging learning. The company has received several awards and honors, including being named to the Fast Company Next Big Things in Tech 2021 List and receiving the LifeSciences BC award for Medical/Digital Technology Company of the Year in 2020. Medical robots constitute a fast-growing medical equipment business sector. 26. Life sciences technology pioneer Axtria was built to harness the best in cutting-edge data science and cloud technology and use it to improve health outcomes around the world. 87. The company's expertise ranges across clinical research, protocol development, clinical studies, regulatory navigation, data analysis, and reporting. Today, Integra LifeSciences has grown immensely, with more than 3,000 employees worldwide as well as offices, manufacturing, and research facilities in Asia, Australia, Europe, the Middle East, and the Americas. In addition to its perpetual placement on Deloittes Fast 500 and Inc. 5000, Axtria has repeatedly been certified a Great Place to Work in both its Indian locations and its U.S. headquarters in Berkeley Heights, New Jersey. Providence Medical Technology 64. The awardees on this years list represent some of the most innovative companies in the healthcare technology space. Established in 1977, LHT has grown to be a leader in the industry with an annual turnover of more than S$30,000,000 and is also one of the largest manufacturing company of high quality wooden pallets, boxes and crates in Singapore. Alphabets life science research organization, Verily is dedicated to using the power of data to change how healthcare is managed and delivered. Other Practo services include Ray, a practice management software used by thousands of clinics in the country, and Insta, a standout full-stack HIMS solution trusted in more than twenty markets around the world. Offering powerful technology solutions for medical billing offices, practices, and hospitals for over 20 years, ImagineSoftware currently serves more than 75,000 physicians across 43 specialties. 9. 81. In a move that transformed Cue into a household name virtually overnight, the companys interdisciplinary team of 1,200 medical professionals was the first to produce an at-home molecular diagnostic test for COVID, and its approval by the FDA for over-the-counter use brought the benefits of Cues remarkable achievement to millions of beleaguered Americans. When Edwards was established as a separate company from Baxter in 2000, the company was formed around a credo which serves as a reminder to always put patients first, and that as a company Edwards will remain committed to making a positive impact on the quality of life for patients around the world. Zynex, Inc. is an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring. Tandem Diabetes Care is a medical device company that has become synonymous with quality, reliable care for diabetes sufferers the world over. The companys U.S. business grew 45% in 2022. Category: Software & Data. The Seven Bridges Ecosystem consists of a compliant analytic platform, intelligently curated content, transformative algorithms, unprecedented access to federated data sets, and expert on-demand professional services. As a technology company dedicated to healthcare cost reduction, Exponent Health is leading the future with solutions powered by Expio. Although all of the companys developments hold great potential for saving and improving human life at a tremendous scale, the initial testing of a new protocol for treating HIV has shown great promise, and that as well as other successes have spiked its stock to a new high. the fastest-growing category is remote monitoring and diagnostics medical devices; Tivic has seen strong growth for the device over the past year. As a result, theyre transforming the facility-based care model and solving many hurdles to in-home care, including on-demand logistics that deliver providers and equipment quickly. This platform utilizes HIPAA-compliant technology, natural language processing, automated speech recognition, and machine learning to provide real-time communication of complex data. It can be used for traumatic injuries, such as finger and toe replantations, as well as lymphatic surgeries and head, neck, and breast reconstruction. Additionally, the company develops programs for treating obesity. Studies have shown that undiagnosed delirium is associated with an increased six-month mortality rate. Due to this extensive reach, the company touches the lives of more than 180 million people around the world each year and serves more than 6,000 global customers, including 75% of the top 100 medical device manufacturers. In a world in which accessing healthcare seems to become more and more difficult and time-consuming for the average consumer, Carbon Health strives to use smart tech to provide a seamless relationship between patient and provider. XIL Health works closely with PBMs, retail pharmacies, hospitals, infusion companies, and specialty pharmacies to stabilize and innovate in a market that is dominated by large corporations. A truly global company, Abbott does business in over 150 countries around the world. Category: Medical Devices. The privately held company was founded in 2010 by Mike Hooven, who previously founded Atricure, a $3 billion public surgical treatment company. Their ultimate goal is for all patients to benefit from past treatments of people with similar health problems. Xoran Technologies was founded in 2001 by two research scientists from the University of Michigan with the goal of developing common sense, innovative technologies that enable physicians to treat their patients more efficiently and effectively. The system received FDA clearance in 2017. 6. On the surgical side, Medical Microinstruments has created a robotic arm, the Nanowrist, which enables microsurgeries to be even smaller, allowing surgeons to operate on even tinier nerves and blood vessels. Einstein II empowers them to recruit more effectively, fill openings more expeditiously, and ensure staffing goals are achieved less expensively. InterVenn Biosciences 50. The company develops and commercializes blood-based diagnostic tests designed to address these important unmet needs in healthcare, by combining multi-omics through the power of artificial intelligence. Zynex Monitoring Solutions was founded in 2010 and had its first device cleared in 2020. Category: Enterprise HealthTech. Currently, Sedera has more than 100 employees and continues to grow each year. None of this would be possible without the talent, skills, and aspirations of Hologics employees. The company began its remarkable story in 1987, only gaining its current name in 2012, when it also held its initial public offering. To aid with this difficult and multi-faceted process, Precision Value & Healths specialists are divided into highly specialized teams: PRECISIONadvisors (global pricing and market access strategy), PRECISIONeffect (branding and launch experts), PRECISIONheor (evidence generation and strategy), PRECISIONscientia (medical communications), PRECISIONvalue (managed markets marketing), PRECISIONxtract (data-driven solutions and engagement). 9 of the world's top-10 Medtech companies have a base in Ireland. This clinical superiority creates high expectations, which the team at Hologic fulfills by always challenging itself to improve health through better technology, education, and market access. The list also celebrates companies that do the converse: Theyve come up with novel technologies to solve existing problems. The Technology Fast 500's . 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. Founded in 2005, BioIQ has undergone several significant changes over the years. The vision of Ascom is to close digital information gaps allowing for the best possible decisionsanytime and anywhere. Kaia was established in 2016 by Konstantin Mehl and Manuel Thurner. Penumbra, Inc. These advanced medical devices and diagnostics allow people to live longer, healthier and more productive lives. Founded in 1989, Leica has expanded out of its headquarters in Wetzlar, Germany to establish offices across the Americas, Europe, and Asia Pacific. This is the problem that consumes New York software developer H1, and its H1 Connect product suite is designed to democratize access to life sciences insights for providers and researchers alike. In renegade.bio's first year, during the onset of the COVID-19 pandemic, the company tested more than 40,500 people for SARS CoV-2, including nearly 7,000 tests provided at no-cost to Bay Area community members. 48. The concept behind Sedera is to get like-minded people togetherwith each member expressing a belief in a healthy lifestyleand the company focuses on helping all members minimize their medical expenses. Based in Boulder, Colorado, Biodesix, Inc. is a leading data-driven diagnostic solutions company helping answer critical clinical questions faced by physicians, researchers, and biopharmaceutical companies, with a primary focus in lung disease. This Startup is using advanced machine learning technologies to . This technology quantifies molecules at the single base-pair level. Category: Consumer HealthTech. Software companies take 7 of the top 10 spots on Deloitte's 2021 North America Technology Fast 500 list, but 3 medical and biotech companies take the other spots, and one of those is the winner. The Healthcare Technology Report is your comprehensive source for business news, investment activity and corporate actions related to the healthcare technology industry. The fastest-growing device specialty, however, is neurology, expanding at a rate of 9.1% a year with sales expected to reach $15.8 billion in 2024. With a stated mission of bringing the frontiers of technology to the world of medicine, Chicago-based biotech research company Tempus is leveraging an incredible data library to apply AI to the establishment of a new era of precision medicine. It was established as a hospital wholesaler business called AB Sjukvrdsutensilier in 1948, and after a period of ownership by Swedish Astra Tech, the company has gone on to become the most trusted name in bladder and bowel products for thirty years. 95. Among the companys latest developments in biotechnology are the exploration of innovative applications of artificial intelligence and machine learning in pathology. One of the rising stars in the field of regenerative medicine, Massachusetts-based biotech research company Organogenesis boasts a robust portfolio of wound care and healing products. Leveraging the power of data-driven evidence, Precision Value & Health is able to help clients navigate their way through commercial journeys by offering end-to-end products and consultative insights. Patagonia Health is led by Founder and Chief Executive Officer Ashok Mathur, whose deep understanding of the healthcare IT market and emerging software-as-a-service business models helped him lay the companys foundation. Category: Software & Data. 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. Founded in 2008, Providence Medical Technology, Inc. is a privately-held medical device company focused on innovative solutions for cervical spinal conditions. From its head office in San Diego, Tandem has long characterized itself as a positively different pump manufacturer, working with users to make sure their products are perfectly configured to meet their unique needs. 1. you might decide these benefits provide excellent value to your fast-paced work . Later, in 2013, the company went bicoastal by relocating its headquarters to Boston, while keeping its manufacturing facility in Hayward, California. With its goal of giving medical devices and data a voice, Canary Medical develops medical implant and data management devices that collect and process medical information. The top 100 companies this year represent a range of specialties, from genomics to pharmaceuticals, lab testing, therapeutics, data analysis, and much more. CitiusTechs deep commitment to world-class quality and unwavering focus on delivery excellence and client satisfaction is evident in their customer satisfaction score of 4.5/5 and a Net Promoter Score (NPS) of over 70. Cue Health has expanded well beyond its 2010 origins, growing to encompass five state-of-the-art buildings at its San Diego headquarters, where its tests and other products are designed, tested, and manufactured. Its technology partners include: CenTrak, Sonitor Technologies, Cooper Lighting, Kontakt.io, and Phunware. Since its founding in 1985, the company has expanded to more than 100 countries and territories and holds more than 3,000 patents. With new partnerships announced with Lumea and Highmark Health, it is continuing to play an active role in some of the latest developments in health tech. 24. Explore the full 2023 list of Fast Companys Most Innovative Companies, 540 organizations that are reshaping industries and culture. In December 2021, it announced that it was ranked on the Deloitte Technology Fast 500 for the fifth time in the last eight years. It makes imaging for early disease detection possible, thus supporting an informed and personalized care pathway that saves time, resources, and positively impacts lives. Category: Medical Devices. Additive manufacturing (commonly referred as "3D printing") of medical devices was valued at $1.1 billion in 2019 and is estimated to reach close to $4 billion by 2027. The company is headquartered in New York, NY. Category: Software & Data. The story of how DentalMonitoring changed the landscape of digital dentistry is one characterized by breakthroughs and rapid successes. Category: Software & Data. It has sold nearly 100,000 devices, worked with more than 14,000 prescribers, and conducted many clinical trials, developing new research and development strategies constantly. Driven by rapid urbanization and associated lifestyle- . Ocimum Biosolutions In a field as rooted in the tangible world as dentistry, French IT services provider DentalMonitoring has built a brand-new digital ecosystem. Utilizing the latest in nephrological tech and vertically integrated clinical services, the company partners with health systems, insurers, and primary care providers to detect kidney disease and treat it as quickly and effectively as possible. DEXCON Pty Ltd | 93 followers on LinkedIn. The companys ever-growing portfolio of products includes: research protein and antibody reagents, purification resins, enzymes, transfection reagents, and diagnostic ELISA kits. The electronics giant opted for a name change in 2012. Experts speculate that this trend of positive growth will persist and compound by an annual rate of 5% till 2028. Through H1 Connect as well as solutions like HCP Universe and Carevoyance, partners have successfully increased healthcare access and quality for millions around the world. Since 2016, Precision Value & Health has been bringing specialized expertise to every juncture of the creation-to-commercialization continuum for its clients in the life sciences space. Category: Consumer HealthTech. Category: Medical Devices. 42. From its home base in San Francisco, Carbon Healths platform enables individuals across the country to make virtual or in-person appointments with their primary care provider, urgent care provider, or mental or behavioral health specialist. From companies like Novartis with more than 100,000 team members around the globe, to numerous smaller startups with just a few dozen employees in a single office, these companies are changing the face of the industry. Driven by a passion to help patients, the company collaborates with the worlds leading clinicians and researchers to address unmet healthcare needs, working to improve patient outcomes and enhance lives. Ro features a vertically integrated platform that empowers individuals to follow a complete path to total health, from diagnosis to treatment, all while avoiding the expensive and difficult ins and outs of dealing with health insurance. Helix is the leading population genomics and viral surveillance company. Currently, BrainsWay has treated more than 100,000 patients. The company is at the crossroads between innovation and commercialization, and it is passionate about bringing fresh, common sense solutions to patient care. The tool helps align lab tests with clinical guidance and automates large parts of lab benefit administration. IMS was created with providers specific needs in mind, and by 2003, the company launched Intelligent Pharmacy Software (IPS) to extend its reach to pharmacies. With over 38,000 people working in the sector, Irish companies are currently the biggest employers of medical technology professionals in Europe. We recommend. Category: Medical Devices. CURE Pharmaceutical CURE Pharmaceutical is a vertically integrated drug delivery and development company that makes a unique delivery platform called CUREform. 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. The companys award-winning electronic health records (EHR) platform, Intelligent Medical Software (IMS), combines EHR, practice management, billing, mobile apps, and office management into one cohesive system. Other Intarcia products include OMEGA DUROS, an interferon delivery device for treating Hepatitis C; and ITCA 650, a delivery device that provides type 2 diabetes patients with long-term steady-state dosing of an incretin mimetic therapy. Each year, Inc. Magazine presents a list of the 5,000 fastest-growing private companies in America. Category: Medical Devices. The companys all-in-one platform includes a fully certified Electronic Health Record (EHR), scheduling, insurance billing, patient payments, telehealth, and more. TrialSpark is a tech-driven pharma company differentiated by radically more efficient drug development. Ceribell doubled 2022 revenue and its system is now being used by more than 350 hospitals across the United States. With its asynchronous care solution, patients get treatment for common conditions in 8 minutes on average, and providers can deliver quality care in 4 minutes or less for hundreds of low-acuity common conditions. With new software initiatives Iris and Sentinel launching, as well as a massive hiring blitz that more than doubled its workforce, Komodo is going all in on its mission of reducing the burden of disease for the entire world. This year, in addition to its numerous breakthroughs in microbiological and storage technology, Telstar launched a global campaign to help the company better meet future challenges, and its presentation at the 2022 ISPE Annual Meeting centered on how green engineering can be promoted throughout the pharmaceutical production industry. Founded in 2018, in February 2020 they raised a seed round of 1.1 million to become the benchmark for transport and logistics in the European healthcare industry. Even amid overburdened hospital systems and burned-out staff, there has been no shortage of companies looking to help grow the capabilities of clinicians via innovative devices. These new sites, together with locations in Beijing, Shanghai, Frankfurt, and Philadelphia, strengthen efficient client and partner access to Sino Biologicals cutting-edge technologies and portfolio of products and services. D2 Solutions is an innovative solution provider leveraging technology to drive healthcare efficiency. Force Therapeutics Formerly based in Santa Barbara, California, in 2019, it moved its headquarters to Atlanta, Georgia. While the system is not cleared for use in the U.S., it has received the CE mark in Europe. Edwards Lifesciences Tebra is helping practices thrive with solutions for practice operations and practice growth across Kareo and PatientPop. Headquartered in Oxfordshire, England with offices in Pennsylvania and Maryland, Immunocore traces its history to its founding in 2008 as a spinoff of MediGene, and previously to T cell receptor technology developed by Dr. Valued at more than $5 billion in 2015, when it attracted investors like the Bill & Melinda Gates Foundation, the company is now focused on funneling its resources into the R&D aspect of its innovation-to-marketplace strategy. Edwards Lifesciences is the global leader in patient-focused medical innovations for structural heart disease and critical care monitoring. The companys newest patient-facing product, MyRXNT, helps patients stay connected to their health with user-friendly tools designed to manage medical information and navigate the health journey. Fink Densford, Mass Device, 2015. For instance, its use of microfluidics and spectral analysis are two examples of "Sony know-how," which has given the company an edge in the highly competitive market for flow cytometry and imaging products. D2 is focused on bringing pharmaceutical manufacturers, payers, pharmacies, support providers, and patients together. Accelerate Diagnostics The pioneering company was founded by Shai Meretzki, who made use of a stem cell patent which was developed during his PhD studies in Israel. Helping patients recover from chronic or acute pain of Fast companys most companies! To your fast-paced work Munich and New York, NY in patient-focused medical innovations for structural heart disease and care... Chronic or acute pain that makes a unique delivery platform called CUREform the converse: come! A privately-held medical device company focused on bringing Pharmaceutical manufacturers, payers, pharmacies, support providers, and of. 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