Medical device companies in North Carolina
chibueze uchegbu
Medical device companies in North Carolina range from medical engineering labs to industry leaders in medical devices, producing groundbreaking technologies that allow faster, more accurate, and far less costly options for identifying and treating health issues in animals and humans.
Modern medical devices and test equipment are frequently confused when it comes to disease detection.
However, as with everything else in modern medicine, the landscape in which medical devices and diagnostics can stand on their own is constantly changing.
Overview of Medical Device Companies in North Carolina
North Carolina is home to companies working on everything from nano-scale medical devices to transport and treat patients to large robotic systems to assist surgeons in making large changes through small incisions.
And the state’s diagnostic expertise ranges from tabletop “labs” for on-farm early mastitis detection to rapid and accurate cancer and digestive disease detection in humans.
Advanced medical devices and diagnostic tools do not typically face the same years-long regulatory hurdles that therapeutics must overcome.
This can make their developers more appealing to investors. This ultimately contributes tens of millions of dollars to North Carolina’s economic bottom line each year.
According to PwC, only North Carolina grew faster (8.3 percent). While several MedTech companies are leaving the state in search of greener pastures, the state’s talented workforce and strong life sciences infrastructure will likely keep it as the leader in the United States for some time.
Manufacturers are looking to optimize their supply chain networks and real estate footprints as labor markets continue to tighten.
This has been observed in the medical device manufacturing sector by Site Selection Group, a global location advisory, and economic incentives firm.
Medical device companies in North Carolina, like other manufacturing sectors, are looking into a variety of options to optimize their footprints. This includes taking into account on-shoring (or near-shoring) production activity from other countries.
When civic and business leaders decided in 1984 that North Carolina should take the lead in securing the state’s economic future,
Medical technology companies in North Carolina have a significant impact on the economies of the states in which they operate.
It is estimated that for every medical technology job created in a given state, another two jobs will be created in that state.
Furthermore, each MedTech sales dollar generates an estimated $1.12 in payroll in that state, and each MedTech sales dollar generates an estimated 90 cents in other sales in that state.
North Carolina Medtech Investment
The level of investment being funneled into companies in the region is one measure frequently used to gauge North Carolina’s MedTech activity.
In the second quarter of 2007, medical device companies in North Carolina received $59 million in venture capital funding, accounting for approximately 16 percent of total venture capital invested in the region.
Biotechnology companies in the region received $91 million during the same period. During the quarter, the two industries accounted for more than 40% of venture capital funding invested in North Carolina
North Carolina now has 142 medical device companies, a 35% increase since 1996. Medical device companies in North Carolina employed 7,222 people in 2006.
BD Technologies (Durham and Research Triangle Park), Teleflex (Research Triangle Park), Baxter (Marion), Wilson-Cook Medical (Winston-Salem), Arrow International (Asheboro), bioMérieux (Durham), Closure Medical (Raleigh), and Coeur Medical are four major medical technology companies with operations in North Carolina (Washington).
Several smaller and start-up Medtech companies are also based in the state. Percutaneous cardiac defibrillation, site-specific biological delivery technology, new-tissue coagulation devices for surgeries, implantable wireless sensors, nonvascular stent technology for pulmonary and gastroenterological purposes, point-of-care diagnostics, biopolymers for tissue repair, and wireless handheld units for diabetes testing are among their recent product launches.
Advanced Liquid Logic, a start-up firm, was named a Frost and Sullivan 2007 entrepreneurial company of the year and a runner-up in the 2007 Wall Street Journal Technology Innovation Awards competition.
Capital is steadily flowing into medical device companies in North Carolina. According to data compiled by the North Carolina Biosciences Organization, medical device companies in North Carolina have raised more than $545 million in private and public equity from investors since 1999.
These investments included $370 million for medical device companies, $99 million for diagnostics companies, and $76 million for medical information technology businesses.
Many of these investments have seen profitable exits in recent years. Closure Medical (Raleigh), a wound-closure technology company, was acquired for $426 million in 2005 by Johnson & Johnson Inc. (New Brunswick, NJ).
In 2006, Angiotech (Vancouver) paid $40 million for Quill Medical (Durham), a developer of barbed suture technology. Becton Dickinson (Franklin Lakes, NJ) paid $350 million for TriPath Imaging (Burlington), a cervical cancer diagnostics company.
Furthermore, TranS1 (Wilmington), a company that develops minimally invasive surgical procedures for the treatment of lower back pain, raised $82 million in a recent initial public offering.
Growth of the medical device companies in North Carolina
A variety of state assets have aided growth in North Carolina’s MedTech industry. These include university biomedical engineering programs, a cluster of existing medical device and device component manufacturing and prototyping firms, adequate venture funding resources, and a supportive, albeit small, medical device vendor community with expertise in regulatory, reimbursement, marketing, legal, and research services.
And, with more combination medical technology products expected to enter the market in the coming years, North Carolina is well-positioned given the breadth of scientific and academic centers in universities across the state.
North Carolina has also benefited from the efforts of several early-stage incubators specializing in medical devices. Synecor, a medical technology incubator founded and operated by device industry pioneers with deep roots in North Carolina, has been one of the most successful.
Since 2000, Synecor and its related start-up companies have raised more than $123 million and created 61 new jobs in North Carolina in 2000, with operations in both the Research Triangle area and Northern California.
InnerPulse Inc., a Synecor startup (Research Triangle Park), has raised nearly $100 million and hired over 40 people.
The emerging success stories in North Carolina’s medical technology industry prompted a recent systematic evaluation of the industry’s future growth potential. Louden conducted this study, which included national, regional, and statewide interviews.
The North Carolina Biotechnology Center released Louden’s report in September, surveying national trends and state-level industry growth, as well as identifying the challenges and opportunities for future medical technology growth in North Carolina.
Also, the report identifies opportunities in the convergence of existing medical technologies with other technical fields where the state already has a competitive advantage. These include the state’s internationally recognized biotechnology assets, a strong information technology industry, and emerging nanotechnology strengths.
The report recommends the establishment of a new resource, the North Carolina Center for Advanced Medical Technologies, to coordinate these assets and strengthen the basic infrastructure that is now supporting medical technology growth.
Medical device companies in North Carolina
Here’s a list of medical device companies in North Carolina:
- Accucare
Website: Click here
Address: 1 Resort Drive, Suite B Asheville, NC 28806
Phone: (828) 236-3100
Fax: (828) 236-3108
- Active Healthcare, Inc.
Website: Click here
Address: 9104 Falls of Neuse Rd, Raleigh, NC 27615, United States
Phone: 919.870.8600
Fax: 919.844.2802 (Fax)
866.271.2711 (Toll-Free Fax)
Email: [email protected]
- A LaRue Company
Website: Click here
Email: [email protected]
Phone: (336) 529-3988/+1 336-255-2148
Address: Winston- Salem, Forsyth County North Carolina United States
- Amtai Medical Equipment Inc
Address: 5605 Primavera Ct Raleigh, NC 27616 United States
Phone: +1 919 872-1803
email: [email protected]
- ATEX Technologies, Inc.
Website: Click here
Address: 120 W. Monroe Avenue Pinebluff, NC 28373 USA
Toll-Free: (800) 490-8554
Phone: (910) 255-ATEX (2839)
Fax: (910) 281-0757
- Atlantic Medical Solutions
Website: Click here
Address: 4610 Entrance Drive Suite M Charlotte, NC 28273
Phone: 704.561.0004
- Biocomposites Inc
Address: 700 Military Cutoff Rd # 320, Wilmington, NC 28405, United States
Located in: Howe Creek Landing
Phone: +1 910-350-8015
Fax: +1 (0) 910 350 8072
- Biomedical Devices, LLC
Website: Click here
Phone: 919-605-7000
Email: JAMES@BIOMEDICAL DEVICES.COM
Address: 514 Daniels St #324, Raleigh, NC 27605, United States
- Carolina’s Home Medical Equipment, Inc.
Address: 901-K Sam Newell Road Matthews, NC 28105
Phone: (704) 846-7503
Fax: (704) 846-7911
- Carolina Medical Alerts
Website: Click here
Address: 4220 NC-55, Durham, NC 27713, United States
Located in: Forest Creek Office Park
Phone: +1 919-479-6050
- Charter Medical LLC
Address: 3948-A Westpoint Blvd. Winston-Salem, NC 27103
Toll-Free: 866.458.3116
Fax: 336.714.4241
Email: [email protected]
- ConvaTec
Website: Click here
Phone: 1‐800‐422‐8811
Email: [email protected]
Address: 7815 National Service Rd #600, Greensboro, NC 27409, United States
- Dove Medical Supply Winston-Salem
Website: Click here
Address: 676 Hanes Mall Blvd, Winston-Salem, NC 27103, United States
Located in: Pavilions Shopping Center
Services: Medical Equipment Sales, Medical Equipment Rentals, Medical Equipment Delivery & Setup, Curbside Service, and CBD
Phone: +1 336-842-5108
- Entegrion
Email: [email protected]
Phone: 919.536.1500
Fax: 919.536.1700
Address: Entegrion, Inc. Imperial Business Park 4819 Emperor Boulevard, Suite 400 Durham, NC 27703
- Family Medical Supply, an AdaptHealth company
Address: 1680 NC 5 Hwy Aberdeen, NC 28315
Phone: 910-255-0005
Fax: 910-255-3000
- Gilero – Medical Device Design & Manufacturing Company
Website: Click here
Address: 635 Davis Drive, Suite 100 Morrisville, NC 27560 USA
Phone: +1 (919) 595-8220
- Gurley’s Medical Supply
Phone: (919) 237-3608
Fax: (919) 237-3683
Address: 1720 Guess Rd #80, Durham, NC 27701
- HyperBranch Medical Technology, Inc
Phone: 800 962 6558
Fax: 877 648 7114
Address: 800 Capitola Dr, Durham, NC 27713, United States
- Liberty Medical Specialties
Website: Click here
Address: 4221 Garrett Rd., Unit 10 Durham, NC 27707
Phone: 919-490-0145
- Life Systems International (LSI)
Address: 2102 Cambridge Beltway Drive, Suite A Charlotte, NC 28273
Phone: 800-846-1279
Sales: [email protected]
Fax: 855-385-7969
Support: [email protected]
Fax: 855-429-5466
- MED-EL HearPeers
Address: 2645 Meridian Parkway Suite 100 Durham, NC 27713
Email: [email protected]
Phone: 888 633 3524
- Medical Murray
Website: Click here
Address: 8531 Steele Creek Place Dr Unit D Charlotte, NC 28273
Phone: 847.620.7990
Fax: 847.620.7995
Email: [email protected]
- Med One Group
Address: 1101 Aviation Pkwy Suite D, Morrisville, NC 27560, United States
Phone: 800.248.5882
Fax: 800.468.5528
Email: [email protected]
- Mercy Home Medical Supply, Inc.
Address: 3801 Sycamore Dairy Rd Fayetteville NC 28303
Phone: 910-779-2334/1-800-927-0062
Email: [email protected]
- Myco Medical Supplies Inc
Email: [email protected]
Phone: 800-454-6926
Address: 2015 Production Drive Apex, NC 27539
Phone: 919.460.2535
Fax: 919.460.2536
- Nelipak Healthcare Packaging
Address: 745 S Greensboro St, Liberty, NC 27298, United States
Phone: +1 336-622-2100
- NuPulseCV
ADDRESS: NuPulseCV, Inc. 5734 Trinity Road, Suite 101, Raleigh, NC 27607
EMAIL: [email protected]
- Polyzen Medical Device Developer and Manufacturer
Website: Click here
Address: 1041 Classic Road Apex, NC 27539
Phone: (919) 319-9599
Fax: (919) 319-8458
- Prism Medical Products, LLC
Address: 112 Church Street Suite 101 Elkin, NC 28621
Phone (888) 244-6421
Fax (800) 975-6321
- RAUMEDIC
Address: 235 Broadpointe Drive Mills River, NC 28759 USA
Phone: +1 828 684 8870
Fax: +1 828 684 8871
- Respicare DME Inc
Address: 200 Keisler Dr. Suite-A Cary, NC 27518
Phone: 888-233-0515
Phone: 919-388-7852
Main Fax: 919-651-1001
- Robling Medical, Inc.
Phone: (919) 570-9605
Fax: (919) 570-9611
Address: Youngsville Commerce Center 90 Weathers Street Youngsville, NC 27596
- SME Superior Medical Equipment
Address: 5949 Carolina Beach Rd. Wilmington, NC 28412
PO Box 15209 Wilmington, NC 28408
Office: 800.538.4675
Fax: 800.560.5424
Email: [email protected]
- Structure Medical
Phone: (239) 262-5551
Fax: (239) 262-5528
Email: [email protected]
Address: 123 Cayuga Drive, Mooresville, NC 28117
- SunTech Medical Inc
Website: Click here
Address: 507 Airport Boulevard, Suite 117 Morrisville, NC 27560-8200 USA
Phone: +1.919.654.2300 (US)
+1.800.421.8626 (US Toll-Free)
Fax: +1.919.654.2301
Email: [email protected]
- U A Medical Products
Address: 8001 Raintree Ln, Charlotte, NC 28277, United States
Located in: Raintree Village Center
Phone: +1 704-544-6862
- VitalFlo Inc
Website: Click here
Address: 224 Fayetteville St., Fl 4 Raleigh, NC 27601
Located in: Raleigh Founded – Warehouse
Phone: +1 336-306-0332
- Yukon Medical, LLC
Phone: +1 (919) 595-8250
Email: [email protected]
Address: 4021 Stirrup Creek Drive, #200 Durham, NC 27703
FAQs about Medical device companies in North Carolina
See below for the answers to the most asked questions abut the Medical device companies in North Carolina;
- What are the leading medical device companies in North Carolina?
- LabCorp
- TransEnterix
- Genova Diagnostics
- Cook Medical
- What’s the employment rate of the medical device industry in North Carolina?
Medical device companies in North Carolina employed 7,222 people in 2006. In North Carolina, each Medtech job creates an estimated 3.76 jobs.
- How many medical device companies are in North Carolina?
There are over 142 medical device companies in North Carolina.
- How much capital is steadily flowing into medical device companies in North Carolina?
Capital is steadily flowing into medical device companies in North Carolina. According to data compiled by the North Carolina Biosciences Organization, medical device companies in North Carolina have raised more than $545 million in private and public equity from investors since 1999. These investments included $370 million for medical device companies, $99 million for diagnostics companies, and $76 million for medical information technology businesses.
Conclusion
Although the number, size, and prominence of medical device companies in North Carolina may pale in comparison to those in other regions of the United States, pockets of activity continue to merit attention as local governments invest in the infrastructure and business climate required to sustain successful medical device operations.
Similarly, as medical technologies continue to converge, states and pocket communities are likely to adapt existing strengths in fields such as biotechnology and information technology to meet the specific needs of medical device firms.
Future medical technology advances are likely to result from cross-disciplinary collaborations, and North Carolina has or is fostering the academic and business environments required to spark and support such grassroots efforts.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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