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
    stress disorder
    5 Ways To Manage Post-Traumatic Stress Disorder
    October 27, 2021
    Medical device classification and development strategies
    Medical device classification and development strategies
    April 5, 2023
    varicose veins
    Varicose Veins Prevention: 3 Lifestyle Changes to Make Right Now
    May 1, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 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
    Community Connection: Training Lay Responders For Disaster
    Community Connection: Training Lay Responders For Disaster
    April 14, 2019
    How Healthcare Organizations Can Improve Data Security
    September 28, 2020
    4 Car Accident Injury Tips To Get The Compensation You Deserve
    November 2, 2021
    Latest News
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 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

health care reform
Hospital Marketing: Medicare Payments Collide with Delivery System Reform
5 Key Elements of the Peer Review Process
The Presidential Medical Formula–Self Contained Medical Clinics in Your Home
Web-Based Patient Engagement Lowers Anxiety for First-Time Colonoscopy Patients
Writing a Perfect Subject Line That Physicians Will Read

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

women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025
recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025

You Might also Like

emergency room
BusinessGlobal HealthcareHospital AdministrationNewsPublic Health

Collaborative Learning: Ebola

October 7, 2014

Physicians Leaving – Things Just Aren’t Working Out Between Us….

September 28, 2011

Collecting Small Patient Balances: A/R Best Practices

August 25, 2014

My Wish List for Apple’s HealthKit Initiative

June 24, 2014
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?