39 Medical device companies in New York

Medical device companies in New York are entering a period of rapid growth, driven by scientific advances occurring in a handful of world-class research institutions.

Some of the most renowned medical device companies in the country, if not the world, are located in New York City.

The many medical device companies that have made the city their home are driving the innovation that powers the city’s more than 60 hospitals and dozens of research centers.

These technology companies are rising to the unique challenges of modern medicine, whether it is telemedicine, insurance restructuring, or mental wellness.

Historically, New York has been a leader in medical discoveries and patents, but it has lagged behind thriving commercial hubs like Massachusetts and California in capturing life science jobs and attracting capital investment to build businesses.

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New York City as an Economic Powerhouse

New York City and its five boroughs (Manhattan, Queens, the Bronx, Staten Island, and Brooklyn) represent a clear market opportunity for medical device companies.

Internationally, New York City is the world’s highest-ranked global city, the global financial capital, the global media capital, the decade’s global fashion capital, the world’s second most vibrant global tech startup ecosystem, and the global cultural capital.

New York City is a truly global city. The city’s workforce is 45 percent foreign-born, hailing from over 150 countries and speaking over 200 languages. Nearly half of New Yorkers (48.9 percent) speak a language other than English at home, nearly one-quarter (24.3%) speak Spanish at home, and nearly two million people aged 5 and older (25%) speak a language other than Spanish and English at home.

The key US centers of wealth creation, resident affluent constituencies, highest level human capital industries, unrivaled public, cultural, and artistic institutions, and unrivaled domestic urban population scale and purchasing power all contribute to NYC’s US economic primacy. Few other places on the planet attract as much capital (both financial and human), people, institutions, and opportunities as San Francisco.

With over four million people, New York City has the nation’s largest talent pool, with roughly 3.2 million New Yorkers holding a bachelor’s degree or higher than Los Angeles, San Francisco, Philadelphia, DC, and Boston combined. This is both a resource that can be used and a market that can be supplied.

NYC is also an evangelical hub for American culture, media, and, most importantly, health care. What begins in New York frequently spreads throughout the United States. NYC’s economic position as the largest, densest, and most affluent US urban center distinguishes it, and this relative domestic economic dominance continues to this day.

However, due to its unparalleled size and density, New York City has been more severely impacted by the COVID-19 pandemic than any other US city.

As a result, the economy of New York City has been hit the hardest and requires the most recovery and transformation of any city in the United States. This presents a tremendous opportunity for Dutch firms to participate in both the recovery and the associated innovation.

NYC relies heavily on wealthy residents to maintain its tax base and fund public services. The top 1% of earners accounted for 42.5 percent of total NYC income tax collected ($5 billion) in 2018.

These affluent residents also use the cutting-edge medical services and products provided by the NYC LSH ecosystem, creating a defined market and a source of venture capital for future LSH innovation. Medical device companies in New York at this time should be aware that COVID’s economic effects on NYC are profound, painful, and will take time to heal.

Medical device industry in New York

Today, New York has an opportunity to develop a significant medical device industry cluster, owing to the increasing concentration of scientific and clinical work in the metropolitan region, as well as a new set of factors.

Medical device companies in New York, if aggregated and supported by strong public and private sector leadership, as well as aggressive public policy and marketing initiatives, position the region for explosive growth.

This is the time for New York State to embark on a large-scale public-private partnership to establish a world-class medical device industry cluster.

Despite receiving less attention in MedTech than its neighbor New Jersey, New York is working hard to increase its presence in life sciences. Even San Francisco is competing with New York City to become a tech hub.

It’s telling that Rock Health, a digital health incubator based in San Francisco, has opened an office in New York City. In 2014, IBM Watson opened its global headquarters at 51 Astor Place in New York City’s Silicon Alley.

Boston may be the most important East Coast innovation hub for medical technology. However, New York City hopes to give it a run for its money. The two cities appear to be neck and neck at the moment.

According to a Rock Health funding report from late 2015, New York City attracted nearly as much VC cash for digital health funding as Boston.

In 2016, New York attracted more than $500 million in deals. Governor Andrew Cuomo committed more than $100 million to the New York Genomic Medicine Network, a collaboration between the New York Genome Center and the University of Buffalo’s Center for Computational Research, in early 2014. If the plan works as planned, it will aid in the advancement of biomedical research and the expansion of the state’s burgeoning genomic medicine industry.

The plan will also connect the university medical community in New York City to the emerging Buffalo medical technology corridor.

New York City also has the world’s highest concentration of academic institutions, with nine major academic medical centers, including Columbia University, Weill Cornell Medical College, NYU, Albert Einstein College of Medicine, and Rockefeller University. The $2.1 billion in NIH funding received by New York researchers in 2014 is nearly equal to the $2.4 billion received by their Massachusetts counterparts.

Medical device companies in New York

Here’s a list of some of the medical device companies in New York.

5 Point App

Website: Click here

Phone: (801) 581-3655/+1 914-979-1377

Address: 37 W 20th St #607, New York, NY 10011, United

Email: [email protected].

aquapark diagnostics

Address: 101 Avenue Of The Americas 3rd Fl (c/o JLabs) New York, NY 10013

Phone: +1 212-972-0077

New York City as an Economic Powerhouse

Medical device industry in New York

Medical device companies in New York

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