Best 40 medical device companies in Virginia

Many medical device companies in Virginia have been developed in recent years, and medical practice has evolved.

Consequently, lives are being extended and improved. Virginia provides a vibrant business environment with a highly qualified workforce in an ideal location with room for growth and expansion.

The Veterans Administration (VA) is an increasingly important provider of these sophisticated medical devices and services for diagnosis and treatment to Virginia’s population.

With 172 medical centers, 98 nursing homes, 16 domiciliaries, and 226 outpatient clinics, the VA healthcare delivery system is now the largest in the nation. Virginia employs nearly 200,000 personnel in the medical device sector.

Overview of medical device companies in Virginia

Medical device companies in Virginia manufacture a wide range of supplies and equipment, from commonly purchased inexpensive items like bandages and syringes to infrequently purchased expensive items like clinical laboratory and imaging equipment.

Many medical device companies in Virginia are self-sustaining communities, complete with a medical center, power plant, restaurant, fire department, garage, warehouse, movie theater, library, pharmacy, apartments, recreation areas, and business offices—everything these facilities require to function.

Purchases of medical facility equipment and supplies thus include items and services that are not strictly classified as medical devices.

The Hospital Corporation of America, a private, “for-profit” hospital chain, has more facilities but generates revenues that are only about half the size of the VA’s health care delivery budget (32). These same characteristics make the VA an ideal location for testing medical devices and technologies.

Since the late 1940s, the medical device companies in Virginia have been a major source of R&D funds, particularly for rehabilitative technologies and devices. It inspects new equipment to ensure its safety and technical performance.

Its Office of Procurement and Supply purchases a large number of medical devices; in the fiscal year 1982 alone, its medical facilities purchased nearly $1.3 billion in equipment and supplies.

Medical device companies in Virginia also play a significant role in the market for disabled-specific devices such as prosthetics and wheelchairs. Furthermore, other organizations, such as the Department of Defense, use the supply catalog to make purchasing decisions.

Biomedical research, such as physiology and anatomy, provides the knowledge needed to develop diagnostic, preventive, and therapeutic devices.

However, much of the fundamental research that leads to these devices is conducted in fields such as physics, chemistry, and electronics. Because of this, designing and manufacturing devices is especially complex and difficult to analyze

A track record of success

There are over 40 medical device firms in Virginia.
The Virginia Center for Innovative Technology’s Gap 50 awards recognized 16 entrepreneurs as the “most likely to build Virginia’s next-generation life science, technology, and energy companies.”
MicroAire, based in Central Virginia, designs, manufactures and distributes highly specialized orthopedic surgical instruments to a global market.
With funding from the Governor’s Opportunity Fund, the company made an $8 million capital investment and added 51 new jobs in 2011. HemoShear has raised more than $13 million from private investors, many of whom are from the region, since its inception in 2009. To accommodate its rapid growth, the company is relocating to the historic former Martha Jefferson Hospital, which provides an innovative approach to drug discovery using human organ systems in a dish.
As a leading global clinical contract research organization, PRA offers a full range of Phase I-IV services, including bioanalytical lab services.

Medical Devices and Biosciences

Afton Scientific, which operates a cGMP manufacturing facility, provides aseptic filling and terminal sterilization services for liquids and container closures.
ADial Pharmaceuticals addiction disorder medicines
Afton Scientific sterile product processing
BioVista drug repositioning
Diffusion Pharmaceuticals clinical-stage biotech, oxygen regulation • HemoShear drug discovery, human-relevant systems
INDOOR Biotechnologies allergen detection systems in the environment • Lighthouse Instruments headspace analyzer platforms and measurement • MicroAire Surgical Instruments medical devices
Product development and manufacturing at Mikro Systems
ORIGIO Humagen Pipets for assisted reproductive technology
Molecular diagnostic products from Phthisis Diagnostics
Portable ultrasound devices from PocketSonics
Tau Therapeutics develops oncology drugs, and
Varian Medical Systems manufactures medical devices and software.
DNA extraction and analysis products from ZyGEM

Workforce with Talent and Preparation

High educational attainment: 50.8 percent of Virginia residents and 41.6 percent of the Charlottesville MSA population aged 25 and up have a Bachelor’s degree or higher.
Each year, over 680 students complete medical degrees in biochemistry, bioengineering, medicine, neuroscience, and pharmacology.
Local average wages are 13% lower than in Virginia and 34% lower than in Northern Virginia.
Large eight-county labor pool with projected growth of 8.8 percent by 2016; underemployed seeking opportunities; potential retention of the out-commuting workforce
Virginia is home to several active private investors with significant assets, networks, and expertise. An estimated $1 billion in venture capital was invested in Virginia start-ups in 2011.
The Virginia Biosciences Health Research Corporation, a public/private partnership, encourages industrial partnerships and corporate-sponsored research, develops high-value patents, and fosters new startup companies.
Commercialization Program grants, SBIR grants, matching funds, and STTR funds were awarded to HemoSonics, Phthisis Diagnostics, Global Cell Solutions, Sphynkx Therapeutics, and many other Central Virginia firms from local, state, and federal sources.

Medical device companies in Virginia

Here’s a list of medical device companies in Virginia

ABC, an Apria Company

Website: Click here

Address: 1320 Central Park Blvd #200, Fredericksburg, VA 22401, United States

Phone: (866) 363-3678

Fax: (757) 826-9269

Advanced Aeromedical Air

Website: Click here

Phone: 1-800-346-3556

Fax: 757-481-2874

Overview of medical device companies in Virginia

A track record of success

Medical Devices and Biosciences

Workforce with Talent and Preparation

Medical device companies in Virginia

FAQs about the medical device companies in Virginia

Conclusion

Editors Picks

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