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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.

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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.

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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.

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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

Email: [email protected]

  • Alcedo Health

Website: Click here

Email: [email protected]

Call: 833-682-8655

Address: 500 7th Ave, 8th Floor New York, NY 10018

  • ARQ Medical Systems

Address: 103-68 101st Street – Ozone Park, NY 11417

Tel. 646-369-8424

Fax. 718-848-9791

Email: [email protected]

  • BLUEWAVE Technologies, Inc.

Address: 3551 85TH St APT 3E Jackson Heights, NY, 11372-5544 United States

Phone: (718) 672-9242

Revenue: $33,851

Year Started: 2016

Incorporated: 2016

  • Byteflies

Website: Click here

Address: 530 7th Avenue, Suite 902 New York, NY 10018

Phone: +1 (401) 326-4146

Email: [email protected]

  • Cardiomo Care, Inc.

Website: Click here

Email: [email protected]

Phone: +1.929.355.1767

Address: 220 E 23rd St, New York, NY 10010, United States

  • Care One Home Medical Equipment Inc

Website: Click here

Phone: 212-491-1234

Address: 2230 1st Ave New York, NY 10

  • Click Therapeutics

Email: [email protected]

Address: Headquarters 80 White Street 3rd Floor New York, NY 10013

  • C.O. Bigelow Surgical

Website: Click here

Phone: 212-982-7580

Address: 414 Sixth Ave., 2nd Floor New York, NY 10011

  • Dome Medical Technologies

Address: 420 Madison Ave, New York, NY 10017, United States

Phone: +1 212-731-9150

  • Elvie

Website: Click here

Address: Sourcecode Communications, 153 W 27th St Suite 505, New York, NY 10001, United States

Email: [email protected]

Call: 929 239-3212

  • FlowAid Medical Technology Corp.

Address: 44 Wall Street, 2nd Fl. New York, NY 10005

Phone:  718-233-4204

Email:  [email protected]

  • Gradian Health Systems

Address: 40 W 25th St., 6th Floor New York, NY 10010, USA

Tel. (US): +1 917 396 7030

Email: [email protected]

  • health precision

Address: 1270 6th Ave Suite 2217, New York, NY 10020, United States

Phone: 1 646 844 1960

Email: [email protected]

  • Help Medical Supplies

Website: Click here

Address: 1441 Broadway STE 5059 New York, NY 10018 United States of America

Phone: 855-435-7144

Email: [email protected]

  • Hero Health, Inc

Phone: 1-855-855-9962

Address: 85 Broad St Floor 17, New York, NY 10004, United States

Email: [email protected]/

  • Hyperfine

Address: 11 E 26th St, New York, NY 10010, United States

Phone: 1-(844)-569-1391

Phone: (203) 458-7100

Revenue: $1.50 million

Fiscal Year End: DEC

Year Started: 2014

  • Inspiren

Website: Click here

Address: 19 Morris Avenue, Building  128, Cumberland Gate Brooklyn, NY 11205

Founded: 2016

Founders: Michael Wang, Paul Coyne, Vincent Cocito

  • iOrthotics

Address: 30-92 14th Street Astoria, New York 11102

Phone: 929 478 0204

Email: [email protected]

  • Jarvik Heart, Inc

Website: Click here

Address: 333 West 52nd St. New York, NY 10019

Phone:+1 (212) 397-3911

E-mail:[email protected]

  • LiveCare

Website: Click here

Email: [email protected]

Phone: (800) 993-4233

Address: 252 W 37th Street New York, NY 10018

  • Welcare Medical Supplies

Website: Click here

Address: 54 Graham Avenue Brooklyn, NY, 11206

Phone: (718) 599- 7200

Fax: 791-599-3004

Email: [email protected]

  • MirrorMe3D

Website: Click here

Address: 222 W 37th St, New York, NY 10018, United States

Phone: +1 212-376-4546

Email: [email protected]

[email protected]

[email protected]

  • Nureca

Address: 276 5th Avenue, Suite 704-397, New York (NY) – 10001, USA

Phone: +91-9356658436; +91-7527013265

Email: [email protected]

  • OraMaxRX

Website: Click here

Address: One Rockefeller Plaza, 11th Floor PMB# 1150, New York, NY 10020

Call:1-888-319-7246

Email: [email protected]

  • Parametrik

Website: Click here

Address: 175 Clearbrook Road Elmsford, NY 10523

Email: [email protected]

Phone: (833) 763-8745

  • PAVmed

Website: Click here

Address: One Grand Central Place, Suite 4600 New York, NY 10165

Phone: 212-949-4319

Email: [email protected]

  • Pneumatic Compression Device

Email: [email protected]

Phone: 718-252-4120

Address: 2308 Knapp St Brooklyn, NY 11229

  • Propper Manufacturing Co Inc

Website: Click here

Address: 36-04 Skillman Ave Long Island City, New York 11101

Tel: (718) 392-6650

Fax: (718) 482-8909

Email: [email protected]

  • Respire Medical LLC

Address: 18 Bridge St # 3J, Brooklyn, NY 11201, United States

Located in: Storelli Sports

Phone: +1 718-643-7326

  • Retia Medical

Address: 7 Dana Road Valhalla, NY 10595

Phone: (914) 594-1986

Email: [email protected]

  • TytoCare

Website: Click here

Address: 215 W 40th Street, 9th floor, New York, NY 10018

Tel: +1 (866) 971-TYTO (8986)

  • Vaso Medical Inc

Address: 137 Commercial St Ste 200 Plainview, NY, 11803-2410 United States

Phone: (516) 997-4600

Website: Click here

Revenue: $27.92 million

Year Started: 2013

Incorporated: 2011

  • Verse Medical

Phone: (833) 518 – 1613.

Email: [email protected]

Fax: (833) 694-1477.

Address: 30 E 20th St Ste 3FE, New York, NY 10003, United States

  • Virtual Field

Website: Click here

Address: New York, New York, United States

Phone: +1 (858) 208-3536

Email: [email protected]

  • Voom Medical Devices

Website: Click here

Address: 800a 5th Ave, New York, NY 10065, United States

Phone: 844.372.5489

Fax: 844.372.5489

  • VST Health

Address: 347, 5th Ave., Suite 1402 Manhattan, NY 10016 United States

Tel: +1 (646) 992-4615

Email: [email protected]

Woodley Trial Solutions USA

Website: Click here

Address: Brooklyn Navy Yard, Building 212, Suite 209, 63 Flushing Avenue, Brooklyn, NY 11205

Phone: 1-800-471-9200

Phone: 1-315-618-7600

Email: [email protected]

FAQs about the Medical device companies in New York

Here, you will find the answers to the most asked questions about the Medical device companies in New York;

  • What are the top medical device startups in New York?

These are the top 5 medical device startups in New York:

  1. TrialSpark
  2. Zipari
  3. Pager
  4. Quartet Health
  5. noom
  • What is the employment rate in the medical device industry in New York?

Since 2013, over 16,544 people have been employed in the medical device industry in New York.

  • How many medical device patents are there in New York?

Since 2009, there have been over 1160 medical device patents in New York.

  • How much has been invested in the medical device industry in New York?

Over $16.7m has been invested into the medical device industry in New York and NIH Funding of $2.1B

Conclusion on the Medical device companies in New York

Historically, medical device companies in New York have provided value primarily through the manufacture and sale of their products.

However, as the pressures on the healthcare system increase, there are fundamental shifts in the care delivery model, and as a result, the industry’s value chain is in for a major overhaul.

The medical device companies in New York, however, will need to step outside of their traditional manufacturing roles in the new normal. Data intelligence and services will need to be integrated with products to provide holistic solutions, necessitating a ‘power play’ across the value chain – strengthening existing B2B plays, creating new ones, and introducing B2C plays.

These power plays will almost certainly include a steady stream of transaction activities – acquisitions and mergers (M&A), strategic alliances, and partnerships. Medical device companies in New York will eventually strive to play a larger role in the value chain and become more accessible to customers, patients, and consumers.

If done correctly, this will not only provide them with new revenue streams, but will also contribute to shorter, cheaper, and fewer hospital visits – and thus lower healthcare costs.

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