17 Top Medical Device Startups to Watch in 2024

Medical professional working on a tablet in a hospital.

If you’re an entrepreneur with your eyes on the medtech industry, you’ll want to watch these top medical device startups. They’ve all raised significant funding and have some of the biggest names in investing behind them.

Their medical devices are already making waves in the medical technology industry, and these companies show no signs of slowing down. Keep reading for more information on each company and what makes them so exciting.

Innovative Medical Device Startups

Every year, new startups pull to the forefront of their industry through exciting innovation, tech, and industry-disrupting business models. We’ve rounded up the top medical device startups of 2024 that startup lovers, investors, and aspiring entrepreneurs should follow.

Disclaimer: With so many exciting medtech startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

1. Synchron

  • Location: New York, New York
  • Founders: Nicholas Opie, Thomas Oxley
  • Founded In: 2016
  • Funding: Series C, $130 Million
  • Investors Include: Khosla Ventures, Forepoint Capital Partners

People with nervous system conditions who were never able to receive help can now seek solutions thanks to Synchron. They develop bioelectronics that develops neuromodulation solutions. Using this tech, the endovascular brain can be turned into a computer interface that helps with things like Parkinson’s and epilepsy.

2. TytoCare

  • Location: New York, New York
  • Founders: Dedi Gilad, Ofer Tzadik
  • Founded In: 2012
  • Funding: Series D, $156.7 Million
  • Investors Include: Qualcomm Ventures, Qumra Capital

TytoCare brings health into the homes of everyday people by creating a telehealth platform. The company uses AI to conduct on-demand remote medical examinations. The platform allows doctors to give members and patients access to high-quality and affordable healthcare.

3. Reperio Health

  • Location: Portland, Oregon
  • Founders: Matt Wallington, Travis Rush
  • Founded In: 2020
  • Funding: Seed, $6 Million
  • Investors Include: Liquid 2 Ventures, Caduceus Capital Partners

Reperio Health is another brand that is able to bring healthcare into the homes of millions. The company develops the only at-home health assessment that can give patients full results immediately. The tests measure blood pressure, glucose, and more in under 30 minutes.

4. CMRSurgical

  • Location: Cambridge, United Kingdom
  • Founders: Luke Hares, Mark Slack, Martin Frost
  • Founded In: 2014
  • Funding: Series D, $974.7 Million
  • Investors Include: Ally Bridge Group, LGT Group

CMR Surgical is developing the next generation of surgery technology to improve patient outcomes and surgeon experience. The company is working on the world’s first surgical robot that can be used for multiple procedures. This would allow surgeons to have more control and precision during surgery.

5. ZygoFix

  • Location: Nahariya, Israel
  • Founders: Uri Arnin, Yizhar Floman
  • Founded In: 2017
  • Funding: Seed, $2.1 Million
  • Investors Include: Trendlines Group, Agriline

ZygoFix has new innovative solutions to natural bone surgeries that can help spinal fusions. The surgeries are minimally invasive and include simple procedures with no screws. The design is porous to promote bone growth and fusion and is seamless with anatomy.

6. hemotune

  • Location: Zurich, Switzerland
  • Founders: Carlos Mora, Lukas Langenegger
  • Founded In: 2016
  • Funding: Series B, $18.2 Million
  • Investors Include: VP Venture Partners, Zurcher Katonal Bank

hemotune is able to develop a therapeutic blood purification platform that helps the treatment of various ailments. The tech combines biomedicine and nanotechnology to develop a disruptive blood purification platform based on magnetic beads.

7. Puzzle Medical Devices

  • Location: Montreal, Canada
  • Founders: François Trudeau, Gabriel Georges, MD, Jade Doucet-Martineau, Philippe Genereux
  • Founded In: 2018
  • Funding: Seed, $10 Million
  • Investors Include: Broadview Ventures

Puzzle Medical Devices specializes in heart care by developing minimally invasive long-term hemodynamic transcatheter pumps. The pumps increase accessibility, improve patient quality of life, and even reduce the economic burden related to disease.

8. TracInnovations

  • Location: Ballerup, Denmark
  • Founders: Kim Bendixen
  • Founded In: 2015
  • Funding: N/A
  • Investors Include: Synddansk Innovation, West Hill Capital

TracInnovations is able to record a patient’s main movements while they are having a brain scan using motion tracker and a monitor system. This process will make it easier for patients undergoing MRI scans to avoid sedation. The overall patient experience will benefit, comfort will improve, and the workflow will become more efficient.

9. Neurent Medical

  • Location: Oranmore, Ireland
  • Founders: Brian Shields, David Townley
  • Founded In: 2014
  • Funding: Series B, €29.9M
  • Investors Include: Fountain Healthcare Partners, Life Sciences Partners

Neurent Medical is developing treatments that are non-surgical and help people afflicted with inflammatory sino-nasal diseases. The most popular disease helped by non-invasive treatments is allergic and non-allergic rhinitis. All treatments can be done safely and effectively right in the comfort of the ENT physician’s office.

10. Biotricity

  • Location: Silicon Valley (Redwood City, California)
  • Founders: Waqaas Al-Siddiq
  • Founded In: 2014
  • Funding: Grant, $31.4 Million
  • Investors Include: SWK Funding

Biotricity is fighting back against chronic diseases by providing biometric monitoring solutions that can help both the medical and consumer markets. These types of treatments will include diagnostic and post-diagnostic solutions that should help improve lifestyle and chronic conditions.

11. Shockwave Medical

  • Location: Fremont, California
  • Founders: Daniel Hawkins, Daniel Hawkins, Todd Brinton
  • Founded In: 2009
  • Funding: Series D, $147.5 Million
  • Investors Include: Sofinnova Partners, T. Rowe Price

Shockwave Medical is creating devices that can help the coronary, peripheral, and transfemoral markets. The devices are minimally disruptive and use intravascular lithotripsy to treat complex calcified lesions. This type of treatment is unique because it uses sound waves that can target specific areas without harming the surrounding tissue.

12. Eko

  • Location: Oakland, California
  • Founders: Connor Landgraf, Jason Bellet, Tyler Crouch
  • Founded In: 2013
  • Funding: Grant, $128.2 Million
  • Investors Include: Morningside Venture Investments, Sand Hill Angels

Eko harnesses the power of AI to create monitoring devices focused on heart and lung diseases. The advanced stethoscopes and intelligent detection software are helping clinicians be able to detect early signs of heart and lung disease with much greater accuracy and confidence.

13. CleanSpace Technology

  • Location: Saint Leonards, Victoria, Australia
  • Founders: Dan Kao
  • Founded In: 2009
  • Funding: N/A
  • Investors Include: N/A

Developing the world’s first and only smart respirators, CleanSpace Technology is providing high levels of protection for health workers across the globe. The devices are designed with maximum compliance and comfort and allow workers to interact with their environment in natural ways that other respirators don’t allow.

14. VirtuSense Technologies

  • Location: Peoria, Illinois
  • Founders: Deepak Gaddipati
  • Founded In: 2012
  • Funding: N/A
  • Investors Include: N/A

VirtuSense Technologies uses AI to help detect falls in patients before they happen. The devices are able to reduce falls by up to 80% and up to 96% reduction in falls that result in injury. The sensors can make predictive insights that allow physicians and caregivers time to be proactive against patient falls.

15. Point Robotics Medtech

  • Location: Taipei, Taiwan
  • Founders: SC Juang
  • Founded In: 2016
  • Funding: $18 Million
  • Investors Include: Translink Capital

Point Robotics makes robots that specialize in orthopedic and spine care. The robots will help physicians improve lives by using minimally invasive robotic-assisted tech that has proven clinical benefits. They have developed advanced robotic systems, end-to-end learning, and value-added services. Overall, the tech should reduce the total case of care and enhance the surgery experience for physicians and patients.

16. Xandar Kardian

  • Location: Toronto, Canada
  • Founders: James Sung Ho Cho, Sam Yang
  • Founded In: 2017
  • Funding: Series A, $13.7 Million
  • Investors Include: Portfolia, Taronga Group

Xandar Kardian specializes in radar signal processing which has applications in both smart building and remote healthcare. The tech is able to process 15 million radar signals a second that reacts to small vibration patterns in your body. The device helps automate healthcare and real-tech using the impulse UWB radar technology.

17. Vivos Therapeutics

  • Location: Littleton, Colorado
  • Founders: Dave Singh, R. Kirk Huntsman
  • Founded In: 2013
  • Funding: Post-IP Equity, $24 Million
  • Investors Include: N/A

Vivos Therapeutics is helping people get relief from obstructive sleep apnea without the use of a CPAP machine or surgical implants. Patients can receive help within 18 months from the innovative tech and utilizes non-invasive, cost-effective oral appliance prescribed by trained dentists and medical professionals.

You Might Also Like…