Technology and healthcare are evolving, and that means innovative medical device companies and products are advancing the industry and creating opportunities for sales reps.
To keep you on top of emerging medical device companies, MedReps investigates the top startups every few months in our Startups to Watch series. These companies are bringing new ideas and solutions to the industry that reps should be aware of. Here are a few of the top startups to watch:
Ear infections are one of the most common ailments among children, yet current tools to diagnose infections are outdated. They only allow providers to see the surface of the eardrum, not the middle of the ear where infections and disease reside. PhotoniCare aims to solve this lack of information in diagnosing ear infections with a hand-held imaging tool.
The ClearView device uses an advanced light-based technology to see through the eardrum so physicians can see what’s going on in the middle ear. The tool is non-invasive and eliminates the guesswork that often goes into diagnosing ear infections.
The startup hopes to expand into other areas of pediatric diagnostics, and their research has shown that the same technology can be used to image segments of the eye, skin, and oral activity.
The company recently won the the 2016 Center for Integration of Medicine & Innovative Technology Commercialization Readiness Assessment and Accelerator for Solutions in Healthcare (CRAASH) $5,000 prize for Excellence in Innovation.
Based out of the Waterloo Institute of Nanotechnology, NERv develops implantable biosensors that operate from within the human body to monitor patient health after surgical procedures.
The sensors collect data and send feedback to doctors, reporting any changes in real-time. The technology is also predictive, using data to identify complications before they get out of control.
The startup aims to replace large medical equipment with small, biocompatible, biodegradable sensors that keep the health team updated without extra time and effort.
Although electronic health records have revolutionized care, there’s still a major challenge — interoperability. Different systems can’t communicate, making it difficult for providers to access all the information they need.
Redox has set out to be the bridge from health systems and the cloud to make interoperability possible. They help health systems manage their connections to cloud-based applications, enabling them to work with a large system of integrated healthcare applications. Redox works with a health system’s current EHR and speeds up integration projects, giving physicians secure access to the critical information they need.
There’s only one way to monitor blood pressure — inflatable cuffs. But blood pressure changes throughout the day and while engaging in different activities, and Blumio wants to capture this data.
The San Francisco based startup has developed a stick-on sensor that uses radar technology to continuously measure blood pressure throughout the day. Although the startup hasn’t launched their product yet, it recently completed the Highway1 accelerator summer 2016 program. It hopes to have a product that costs between $200 and $400 out in the summer or fall of 2017, MIT Technology Review reported.
Diabetic retinopathy is a major cause of blindness, but with early detection, blindness can be prevented. That’s what DreamUp Vision hopes to accomplish with their technology.
The startup has developed a cognitive learning engine based on deep-learning technologies. Using big data analysis, the technology takes photos of the retina and can detect tiny changes to determine early stages of retinopathy. The technology can be used in a web or mobile application.
What do you think? Which medical device companies do you have your eye on?