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The medical device industry includes 13 unicorn startups from around the world. Their work covers a range of technologies, from surgical robotics to AI-powered diagnostic tools.
China's United Imaging Healthcare leads the list with a $5 billion valuation for its medical equipment. Other notable companies include UK-based CMR Surgical, which has raised $1.3 billion for its robotic systems.
Below is the full list of 13 Medical Device unicorn startups at this time.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50United Imaging Healthcare develops and manufactures a comprehensive portfolio of advanced medical imaging and radiotherapy equipment. Their technology supports the entire healthcare process, from initial diagnosis through treatment, with a focus on making high-end medical solutions more accessible.
CMR Surgical created Versius, a next-generation robotic system that makes minimally invasive surgery more accessible. Their platform is designed to be more versatile and affordable for hospitals, ultimately benefiting surgeons and patients.
HistoSonics developed a non-invasive therapy platform that uses focused sound energy to destroy diseased tissue without incisions. Their Edison System provides physicians with a new, non-thermal treatment option to precisely target and destroy liver tumors.
Medable develops a platform for decentralized clinical trials that captures real-world data directly from patients. This patient-centric approach helps research teams accelerate study timelines and bring new therapies to patients faster.
Main Street Health brings value-based care to rural America by partnering with existing primary care clinics. They provide these local practices with the resources and expertise to improve patient health outcomes.
Molbio Diagnostics develops point-of-care molecular diagnostic systems to enable the rapid and low-cost detection of infectious diseases. Their Truenat platform is widely used to make testing for diseases like tuberculosis more accessible and affordable, particularly in resource-limited settings.
Meril Life develops and manufactures a diverse portfolio of medical devices used in fields like vascular intervention, orthopedics, and surgery. They manage the entire product lifecycle, from initial design and innovation to worldwide distribution.
Equashield develops closed system transfer devices that prevent healthcare professionals from being exposed to hazardous drugs during preparation and administration. Their product line ranges from manual devices to fully automated compounding robots, ensuring drug handling safety in pharmacy and clinical settings.
OrCam Technologies develops portable, AI-powered devices for individuals who are blind or visually impaired. Their wearable technology can instantly read text from any surface and recognize faces, communicating this information audibly to the user.
Dental Monitoring created an AI-powered platform that helps orthodontists remotely track patient treatment progress. Their technology uses smartphone scans to analyze dental changes, reducing the need for frequent in-person appointments.
The ten most valuable companies are only part of the picture. The growth in medical devices is a global story, with strong contenders emerging from both the United States and China.
Each of these companies brings something different to the table, from at-home testing to new options for employee healthcare. Here’s a look at the other startups that have reached the billion dollar mark.
| Unicorn Startup | Country | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
| United States | 2015 | $325M | $1B | |
| United States | 2010 | $93M | $1B | |
| China | 2016 | CN¥800M | $1B |
