Below are the products/technologies at recently identified medtech startups:
Company
City
Country
Founded
Product/Technology
Checkpoint Surgical, LLC
Cleveland, OH
USA
2008
Intraoperative nerve location and protection device.
DiFUSION Technologies, Inc.
Austin, TX
USA
2008
Medical device to prevent surgical site infections in orthopedic and spinal surgeries.
FHL Innovations, LLC
Fredericksburg, VA
USA
2007
Surgical dressings
GS Medical Co. Ltd.
Seoul
Korea
2007
Spinal implant manufacturer
IQ Medical Devices, LLC
Belmont, MA
USA
2006
Surgical irrigation and retraction systems.
Millennium Medical Technologies, Inc.
La Verne, CA
USA
2006
Autologous [...]
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The dynamics behind these products’ success:
Significant cost-effectiveness arguments can be made for products that avoid blood transfusions or reduce the quantities of blood transfusion products required. Approximately 8 million patients worldwide would benefit directly from increased usage of hemostats, sealants and glue products to reduce bleeding during cardiovascular, orthopaedic, urologic, and other general surgical [...]
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The dynamics behind these products’ success includes the pragmatic benefits that ensure their ready adoption in the clinical setting:
Use of cyanoacrylate glues for closure has established a considerable following in all regions of the world. Conservative accident and emergency costs for closure of a small bleeding trauma laceration with sutures, local anaesthetic, antibiotic [...]
There are many reasons underlying the explosive growth of the worldwide markets for surgical sealants, hemostasis, wound closure and anti-adhesion.
The market potential for products in the surgical securement field is driven by a combination of new technologies coming to market and expanding caseload for which these technologies are applicable. The potential for these products continues [...]
The market for surgical closure and securement has entered a phase in which major driving forces are the introduction of new procedures and techniques by the surgical profession, the development by the medical device industry of new wound closure devices and biomaterials, and the growing willingness of surgical specialists to use these devices in appropriate [...]
High strength glues and surgical sealants, with worldwide market growth rates at, respectively, about 14% and 18%, represent the highest growth segments in the worldwide wound management market, otherwise comprised of sutures/stapes, tapes, hemostasis and anti-adhesion products.
Below is the geographic segmentation of the worldwide market for these products, dominated by the U.S. and Europe. However, [...]
Products for closing and sealing traumatic and surgical wounds, inducing hemostasis, and preventing post-surgical adhesions represent a rapidly growing market with growth in clinical applications, companies and market introductions.
MedMarket Diligence has published its 2009 report on "Worldwide Surgical Sealants, Glues, Wound Closure and Anti-Adhesion Markets, 2009-2013." The report is described here.
The market for surgical closure [...]
More medtech trends
Nanotechnology advances. The use of nanotechnology in medicine has faced as many overblown promises as any other application of nanotechnology. However, any realistic view of future medical technologies with big impact would be amiss if it did not consider the myriad applications of "nanotechnology", which we place in quotes to denote that there [...]
