The pace of medical technology companies being founded has slowed over the past five years, particularly the last two as a result of restrictions in capital and the general economic climate. Â Nonetheless, a healthy number of companies have formed, with entrepreneurs pursuing technologies that, among other considerations, fit into current clinical demand. Â Few surprises emerge from the breakdown of these companies’ clinical/technology focus:
Source: Â MedMarket Diligence’s Medtech Startups Database.
Given given the well established presence of venture capital, a strong university system supporting innovation and other incentives, California remains the predominant site of medtech company formations*. Â Like the biotechnology industry that it parallels, the medtech industry in Massachusetts is also strong.
Source: Â MedMarket Diligence’sÂ Medtech Startups Database.
*Note, while the Medtech Startups Database records all known company formations worldwide, the availability of information on U.S. companies is higher than most other regions.