From computer-aided diagnostic imaging to point-of-care testing to surgical intelligence, these early-stage startups are making medical devices smarter, faster, and more accurate.
Technology is transforming the medical device industry. Companies in the space are leveraging artificial intelligence (AI), wearables, sensors, and other technologies to expedite diagnosis, enhance ongoing patient care, and improve overall patient outcomes.
This innovation is spearheaded by early-stage (Series A and Pre-Series A) startups, which have secured more than 50% of deals to the medical device space over the last 2 years. For example, HeartVista, which raised a Series A round in April 2020, provides devices that aid diagnostic imaging. Meanwhile, seed-stage startup ABROBO offers robotic technology for enhanced surgical navigation.
Using CB Insights Medical Device Expert Collection data, we identified 70+ early-stage companies looking to reshape the medical device market.
This market map solely consists of private, early-stage companies that have received funding since Q1’20 and is not intended to be exhaustive of the space. Categories are not mutually exclusive and companies are mapped according to primary use case.
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