By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Startup Trends in Medtech
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Startup Trends in Medtech
Business

Startup Trends in Medtech

PatrickDriscoll
Last updated: October 19, 2012 7:45 am
PatrickDriscoll
Share
4 Min Read
SHARE

If you have access to large amounts of data, your natural inclination is to use it whenever possible to answer specific questions that may arise.  Suffice it to say that, in the area of medical technology startups, I have a large amount of data, since I have been tracking the formation of medtech companies for a dozen years, detailing the contacts (and all of their details), their technologies, their clinical areas of focus and other specifics.

If you have access to large amounts of data, your natural inclination is to use it whenever possible to answer specific questions that may arise.  Suffice it to say that, in the area of medical technology startups, I have a large amount of data, since I have been tracking the formation of medtech companies for a dozen years, detailing the contacts (and all of their details), their technologies, their clinical areas of focus and other specifics.  The formation of medtech startups is, after all, a good indication of where medtech is going (the other way of seeing where things are going in medtech is following the money, which is another set of trends I follow).

Having tracked medtech company formation for this long, I was recently curious to characterize the overall trend (numbers of companies by types of clinical/technology focus) in the number of startups.  Unsurprisingly, the trend from 2000 to 2012 reflects at a minimum the impact of the “Great Recession” on startup formation, with a very distinct drop-off in company formation post 2007, to a level in Q4 2012 that has done anything but rebound.

Trend in Medtech Startups by Clinical/Technology Focus, 2000-2012

More Read

healthcare reform
Knocking Down the Walls: Healthcare Reform That Will Drive Remote Patient Engagement
The Best Practice Management Company to Sell a Dermatology Practice
Pill Bottle Warnings Go Unnoticed
ACO Program Rejected by Model Health Plans
8 Performance Programs That Will Change Healthcare

Source: MedMarket Diligence, LLC; Startups.

So, while I see that the overall trend in startup formation shows that we still have a ways to come back toward the volume of entrepreneurship that was active in 2007, I was then interested to see the trend in types of medtech startup, regardless of the aggregate number of startups.

Below is illustrated the 2012 distribution of medtech startups by clinical and technology focus — and below that, the same for 2007.  I shown these as pie charts so one can readily see the overall “shape” of new medtech in 2007 versus 2012.

Source: MedMarket Diligence, LLC; Startups.

Source: MedMarket Diligence, LLC; Startups.

There are a number of conclusions that can be made in comparison of 2007 and 2012.  First, there are consistently strong clinical areas fields driving medtech, including orthopedics/musculoskeletal, cardiovascular therapeutics and surgery.  Second, one can see very distinct trends (borne out by other data we have) in, on the one hand, the growth of minimally invasive technology and, on the other hand, a decline in formation of spine surgery startups.

I don’t need to tell you that you are free to draw your own conclusions.

    

TAGGED:medtechstart-ups
Share This Article
Facebook Copy Link Print
Share
By PatrickDriscoll
Follow:
I serve the interests of medical technology company decision-makers, venture-capitalists, and others with interests in medtech producing worldwide analyses of medical technology markets for my audience of mostly medical technology companies (but also rapidly growing audience of biotech, VC, and other healthcare decision-makers). I have a small staff and go to my industry insiders (or find new ones as needed) to produce detailed, reality-grounded analyses of current and potential markets and opportunities. I am principally interested in those core clinical applications served by medical devices, which are expanding to include biomaterials, drug-device hybrids and other non-device technologies either competing head-on with devices or being integrated with devices in product development. The effort and pain of making every analysis global in scope is rewarded by my audience's loyalty, since in the vast majority of cases they too have global scope in their businesses.Specialties: Business analysis through syndicated reports, and select custom engagements, on medical technology applications and markets in general/abdominal/thoracic surgery, interventional cardiology, cardiothoracic surgery, patient monitoring/management, wound management, cell therapy, tissue engineering, gene therapy, nanotechnology, and others.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

GOP health replacement
BusinessHealth ReformPolicy & Law

The GOP Strategy for Increasing Purchasing Power: Subsidies in Reverse

March 4, 2015
patient doctor relationship
Hospital Administration

Establish Boundaries With Difficult Patients Early, Before the Relationship Descends Into Crazy Town

June 15, 2013
Clinical Trial Recruitment
BusinesseHealthSocial Media

Steps for Attracting Patient Participants in Clinical Trials

December 14, 2014
Clinical-Trial-Marketing-Wearable-Technology-Healthcare
BusinessGlobal HealthcareMedical DevicesMedical InnovationsTechnology

Are Wearables the Future of Clinical Trials?

June 24, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?