Are you curious? Find out which medical device startups and trends will soon affect your business. Explore our industry research and find data-driven insights on 4,063 startups in our Medical Devices section.
One trend in medical devices is tackling the risk of infections and leveraging health data. One company, for example, has developed a medical device that uses AI to automate manual processes. Here are the most important medical device trends for 2023. If you want to learn more about any of the items, just click on them. You can use them for everything from wearables to internet of medical things. It depends on what you need – read on to find out how they can help you!
The Innovation Map has collected 10 of the most talked about Medical Device trends and 20 of the latest promising startups.
This article is about Medical Devices. For this in-depth research, we analyzed a sample of 4,063 startups and scaleups. Big data is pretty big these days. In our fast-paced and ever-changing world, the last thing you want to do is make decisions on unchecked data. Download this app and gain insights from swaths of information from top experts, it will help with your decision-making. This is all thanks to insights from our StartUs Insights Discovery Platform, which has data on over 2.5 million startups. The SaaS company has the world’s largest database for startups & emerging companies. It’s an efficient, one-stop shop for data such as new business trends, future industry outlooks and more.
Check out the innovator’s map below for a glance at the top 10 innovations impacting over 4,000 companies around the world. Medical device trends are varied and new, including emerging technologies like wearables and apps. Be sure to also check out this list of 20 hand-picked startups with emerging innovations in healthcare.
1. Wearables
As miniaturization of electronic circuits become possible, wearables such as ECG monitors, patches, spatcheses, mood rings or psychological monitoring devices become more common. They collect data on the user’s health and vitals, which can provide better healthcare delivery & improve healthcare control. Wearable medical equipment can help doctors provide remote care while they monitor the patient’s health. This means patients receive the best treatment without invasive procedures. Wearable health gadgets can also eliminate the need for risky, expensive tests in emergency situations
Aidmed recently developed a Chest-worn Portable Device.
The Polish company Aidmed has invented a wearable device that can read your body signals and give feedback on things like your blood pressure & temperature. It’s truly impressive to see how such a small device can make such big changes in your day-to-day life.
Gate Science offers a wearable that helps mitigate pain.
US-based startup Gate Science is developing a pain relieving wearable device controlled by pharmacology and neuromodulation. The product combines pain-blocking capabilities with the body’s neural signals in an effort to help people be less aware of sensations coming from chronic ailments like fibromyalgia or arthritic pain. Gate Science’s app also provides patients with more control over their post-surgery pain levels as well. It allows doctors to prescribe non-narcotic painkillers for their patients too, instead of narcotics.
2. Medical Robots
Minimally-invasive surgeries are becoming the go-to of many doctors thanks to the advantages that medical robots offer. For example, a robot-assisted laparoscopic surgery will give you a smaller incision and faster recovery time. Differences also exist between traditional laparoscopic surgery and robotic-assisted surgery. For example, surgeons experience a much-improved level of ergonomics & dexterity when they use robots. Hospitals & clinics are also using disinfecting robots which allow health professionals to focus on engaging with patients instead of sterilizing surfaces.Finally, let’s talk about nano technology. Microbots and nanobots can be programmed to target specific locations or problems within a living being (human or animal)
Indian startup Punar provides portable robotic exoskeletons.
A new Indian startup called Punar is providing people with a portable robotic exoskeleton. The company’s latest invention, Nucleus, is used by stroke patients around the world to improve their hand mobility. It does this through a type of reflex stretching technique called proprioceptive neuromuscular facilitation (PNF). The Nucleus also provides detailed feedback on each patient’s progress.
Theranautilus offers Oral Healthcare Nanobots which protect teeth and gums from periodontitis, plaque and the bacteria that cause bad breath
Theranautilus, an Indian start-up, is developing tomorrow’s oral care products. Their magnetic bots are laced with bioactive materials and can reach the dentinal tissues in the mouth. The bots can also treat tooth hypersensitivity and help avoid ad. Dentists are using this startup’s bots for targeting drugs for oral diseases. The AI-based approach can offer promising results in the form of treatments for serious ailments.
3. Immersive Technologies
Medical innovation and imaging is always evolving and improving. Immersive technologies, like VR, AR and XR are now being used to provide us with better medical image-viewing experiences. Start-ups have been using this immersive tech to help design advanced medical devices. These technologies also make it easier to improve care quality, while improving rehabilitation and engagement. Doctors can use them to get better feedback and decide what’s best for the patient.
The Orcana AR glasses allow people to see the inner workings of things. They are quite a cool invention!
US-based startup Orcana has developed a set of IT solutions, ranging from MARS – which offers a look at an x-ray through augmented reality – to Software as a Service (SaaS) tools, digital procedures, and remote monitoring. It also helps with hand-to-eye coordination. This technology can also be used for remote training and guidance with surgeons.
We’re an ophthalmological VR startup at Xenon-VR.
US-based startup Xenon-VR is focused on VR-based ophthalmological devices. Their wearable, Xenon-1, provides an eye exam in a VR environment. This examination includes eye-tracking and refractive correction. This headset automatically monitors patient eye movements, which makes diagnosing certain eye conditions way more comfortable and easy. The platform also gathers data, even when the doctor is remotely examining the patient with this headset on.
4. 3D Printing
3D printing technology is great for designing medical devices. For example, you can the anatomy and pathology of body parts when trying to make a good fit. Additive manufacturing also improves the success rate of medical procedures, as well as being cost-efficient and patient-specific. With rapid prototyping, manufacturers can quickly make products for customers who need it. This can help close the gap between demand and supply during crisis
We create 3D-printed Silicone Stents
US startup VisionAir Solutions has created a 3d-printed silicone stent. The company’s process mixes 3D printing and injection of medical-grade silicone to create really clever products for patients who won’t be able to breathe that easily. Their platform has a cloud-based element that allows pulmonologists to create stents tailored to each specific patient, as well as other features which can be found on many popular platforms.
Spectroplast manufactures 3D-printed Biocompatible Devices.
Switzerland-based startup Spectroplast offers a silicon-based 3D printing technology. This means they can make pure silicone biotech devices without needing molds. Medical device manufacturers are able to reduce their costs and increase the availability of their products by using silicon additive manufacturing technology. It helps them with more anatomical devices, implants, and orthopedic products in general.
5. Internet of Medical Things
The IoMT link all of your medical devices to the internet. That way, not just your doctors, but also family or friends you’d want to share with can see all of your data. You can also use them at work so that other people in your workplace are alerted if there’s something wrong. Hospitals also use connected devices to collect data about patients. All of this data will help to make better and more accurate diagnoses or provide cost-effective care in some circumstances.
Orbicor is a company that offers a platform for monitoring cardiac health.
The Costa Rican startup Orbicor Technologies makes the UnnoMed cardiovascular management platform that uses IoMT medical devices. The company’s clinical data provides helpful insights for people with heart conditions. It’s complementary to existing clinical data and helps keep treatment on track. This means that the health platform is helping doctors to detect things like heart problems and strokes.
EloCare created the Connected Menopause Care Device to make it easier for women to track their symptoms.
Singapore-based startup EloCare has released a wearable device for menopause care. The device, Elo is continuously monitoring symptoms and collecting data on health parameters. Medical professionals use the data to provide better, more personalized healthcare for women who are going through menopause. This includes giving them lifestyle plans or recommending medical intervention.
6. Artificial Intelligence
AI can help with large amounts of data that medical devices record. They also use this data to find diseases or the onset of medical conditions, depending on a person’s individualized health records.. Medical devices are also integrating AI technologies like computer vision enabling faster diagnosis, and robots can now do tasks usually done by humans!
Nightingale makes an awesome Smart Wristband.
Taiwan-based startup Nightingale has made a wearable addition to disease prevention that monitors heart rate, fever, and other factors. The AI-enabled wristband, HEARThermo, continually tracks changes in your body’s temperature and heart rate. HEARThermo has developed a computer program that can analyze data and produce an infectious disease analysis report. This allows healthcare providers to best prepare for potential outbreaks by identifying potential cases.
PneumoWave is developing a Smart Biosensor.
UK-based company PneumoWave has recently come up with a chest-worn biosensor which captures respiratory data. The platform analyses the data using machine learning algorithms to gauge potential pulmonary complications & other health problems. This improves COPD management. It detects early signs of deterioration, notifies patients & physicians, and allows rapid treatment. This reduces or shortens hospital admissions.
7. Cybersecurity
Healthcare companies are vulnerable to hacking because they often use cloud-based systems and wireless technologies. New startups are coming up with cybersecurity solutions for the medical industry. These offer detection of network and device anomalies and help mitigate risk. Cybersecurity solutions for medical devices can protect them from attacks. This means that patients in hospitals and those who use the devices outside of hospitals are safer from attacks.
Culinda simplifies the management of medical device security.
US-based startup, Culinda, provides end-to-end security for medical devices. They use AI to secure them from cyberattacks and provide real-time defenses Besides having a lightweight and fast design, the startup also uses blockchain to provide ongoing access to device specifics. Hospitals can use this technology to keep track of who’s using what device.
Scope Security provides Predictive Security Analytics.
US-based security startup Scope Security provides cloud-native predictive analytics that use AI to find anomalies in event logs. The process log data from thousands of systems and with their platform, Scope OmniSight, they can identify digital risks at every level. This means that hospitals are able to combat cybersecurity breaches on a larger scale. IT systems, medical devices, EHRs – the threat can be detected and acted on in every part of the hospital.
8. Minimally Invasive Devices
Minimally invasive surgery is a safer alternative to more traditional and invasive procedures. They are quicker to recover from and lessen the risk of infection or scarring. With new devices & innovative techniques, this process is becoming more common and much more efficient than in the past. Start-ups are using teeny-tiny sensors on medical devices, which give feedback to the doctor. For example, if the sensor is vibrating, it could mean that there’s too much pressure in a certain area of the patient’s body. Additionally, these devices are less traumatic on the body and easier to recover from. This saves healthcare costs which means more money in your pocket!
It’s safer, better and in my opinion more appealing to know that there is a gel-like application. Injectable Hydrogel Device from ReGelTec.
US-based startup ReGelTec develops hydrogel devices that can be injected into the body. Their Hydrafil injection system uses hydrogels to inject an implant for nucleus pulposus augmentation as a viscous fluid Doctors can use this liquid-state hydrogel to seal the area, stopping any possible leaks or expulsion. The gel conforms to the shape of whatever it is inserted into, so it can be used for a variety of situations where this is necessary.
9. Medical Waste Management
A lot of medical devices have been around for a long time and their use is still increasing. Manufacturers are mainly responsible for disposing of these items. Some of the startups we talk to are experimenting with higher-quality materials, such as recycling electronics for use in biomedical applications.Other solutions we provide are for medical waste monitoring, and identifying processes for recycling medical equipment.
10. 5G
5G will make it easier to keep medical devices and technology in hospitals up to date. For example, low network latency during AR-assisted surgeries improves surgery quality. That’s why medical device companies are using 5G technology in their connected products. With a bandwidth of 100Mbps+ and reliability of 99.99%, you can collect data with less latency, allowing doctors to convert images into hologram diagnosis in real time.
