About Medical Devices sector in North America
The Medical Devices sector in North America comprises 9.96K companies, including 5.31K funded companies having collectively raised $140B in venture capital money and private equity. Out of these, 2.67K are Series A+ funded, and 8 have achieved unicorn status.
Medical Devices sector in North America has seen 1.12K acquisitions and 337 IPOs. This represents almost 14.6% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies engaged in R&D for developing medical devices for the diagnosis and treatment of various medical conditions.
Medical Devices sector is also known as Medical Devices Solutions, Advanced Medical Devices or Digital Medical Devices.
Medical devices used for treatment, screening, and diagnosis of diseases are included in this sector. Healthcare Service Providers, Digital Health Software Solutions (Apps and Web-based solutions), Traditional Medical Devices are excluded.
Top Medical Devices Companies in North America
There are 9,964 Medical Devices startups in North America which include Intuitive, Dexcom, Owlet, ResMed, Butterfly Network. Out of these, 5,310 startups are funded, with 2,670 having secured Series A+ funding, and 8 achieving unicorn status.
2026 has seen the creation of 22 Medical Devices startups in North America. Over the past 10 years, an average of 264 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, Massachusetts Institute of Technology and Harvard University.
Here is the list of top Medical Devices startups in North America
1. Intuitive
Developer of robotic-assisted surgical systems. It offer Vinci Surgical System that is used in minimally invasive surgical procedures across various medical specialties, including urology, gynecology, general surgery, and cardiothoracic surgery.
Key facts about Intuitive
- Founded Year: 1995
- Location: Sunnyvale (United States)
- Stage: Public
- Total Funding till date: $17M
- Investors: Mayfield, St. Cloud Capital and 11 Others
- Latest Funding Round: PE, 1999, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 286 Competitors
2. Dexcom
Provider of a wearable device for glucose monitoring. It provides a wearable patch that enables users to measure glucose levels in real-time. It has the capability to send data wirelessly to a display device through a transmitter and the touch screen receiver displays real-time glucose data. In 2022, the company recorded annual revenues of $3.02B and a net profit of $0.29B.
Key facts about Dexcom
- Founded Year: 1999
- Location: San Diego (United States)
- Stage: Public
- Total Funding till date: $52.7M
- Investors: Canaan, RWI Ventures and 7 Others
- Latest Funding Round: Post IPO, Apr 11, 2020, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 440 Competitors
3. Owlet
Provider of wearable socks for baby monitoring. The smart socks helps to monitor the babys heart rate, respiration and the user can check in on baby through a mobile device, cam-streams audio and video of the baby to the smartphone, and band. The band is a pregnancy tracker solution which helps to track the babys wellness.
Key facts about Owlet
- Founded Year: 2013
- Location: Lehi (United States)
- Stage: Public
- Total Funding till date: $55M
- Investors: Trilogy Equity Partners, ff Venture Capital and 32 Others
- Latest Funding Round: Post IPO, Feb 17, 2023, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 122 Competitors
4. ResMed
Therapeutic devices to treat sleep apnea and respiratory disorders. The roducts include Masks (Nasal pillows, Nasal masks, Full-face masks, Paediatric masks, and Non-vented masks), Devices (Range of CPAP, VPAP, Ventilators, etc), Humidifiers, and Accessories. It has also developed a non-contact sleep tracking system that helps users analyze and improve sleep. The system records the light, noise, and temperature conditions in the room, and syncs with smartphones to provide feedback and suggestions.
Key facts about ResMed
- Founded Year: 1989
- Location: San Diego (United States)
- Stage: Public
- Investors: Gilde Healthcare, AUI and 6 Others
- Latest Funding Round: Conventional Debt, Jul 15, 2019, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 679 Competitors
Portable ultrasound system for external ultrasound imaging. It offer a handheld portable ultrasound machine that is powered by Ultrasound-on-Chip technology, which is the world's only single-probe, whole-body handheld device for various clinical applications such as procedural guidance, fetal or obstetric treatment, cardiac, peripheral vessels, urology, and ophthalmic treatments.
Key facts about Butterfly Network
- Founded Year: 2011
- Location: Guilford (United States)
- Stage: Public
- Total Funding till date: $350M
- Investors: Aeris Capital, CG Health Ventures and 14 Others
- Latest Funding Round: Grant (prize money), Mar 09, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 174 Competitors
Companies founded year-on-year in the Medical Devices sector in North America
22 new startups have been founded so far in 2026 in the Medical Devices sector in North America. 525 Medical Devices startups in North America were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 22 |
2025 | 28 |
2024 | 53 |
2023 | 119 |
2022 | 177 |
2021 | 257 |
2020 | 500 |
2019 | 525 |
2018 | 494 |
2017 | 465 |
Stage-wise distribution of Medical Devices sector companies in North America
Out of the total 9,964 Medical Devices companies in North America, 5,310 have secured funding. Among them, 2,670 have reached Series A or higher, and 2,037 to Series B or beyond.
Founded - 9,964
Funded - 5,310
Series A+ - 2,670
Series B+ - 2,037
Series C+ - 1,750
Company Stage | No. of companies |
|---|---|
Founded | 9,964 |
Funded | 5,310 |
Series A+ | 2,670 |
Series B+ | 2,037 |
Series C+ | 1,750 |
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Funding Trends in the Medical Devices sector in North America
Total funding year-on-year in the Medical Devices sector in North America
The Medical Devices sector in North America saw a total funding of more than $83.2B in the last 10 years. The most amount of funding was in 2019 at more than $13.1B. There has been a total funding of $4.57B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $4.57B |
2025 | $9.02B |
2024 | $6.27B |
2023 | $6.44B |
2022 | $7.31B |
2021 | $9.1B |
2020 | $10.6B |
2019 | $13.1B |
2018 | $9.33B |
2017 | $7.5B |
Recent Funding Rounds in Medical Devices in North America
In the year 2026, till July 2026, Medical Devices companies in North America have raised $4.36B in equity funding across 165 rounds.
In the same period last year (i.e. till July 2025), Medical Devices companies in North America had raised $4.84B across 217 rounds.
So, 2026 has seen a 9.94% drop in funding in Medical Devices companies in North America as compared to 2025.
Here are some recent, important funding rounds in Medical Devices companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 3034 | Jul 29, 2026 | ||
Series B | 7604 | Jul 28, 2026 | ||
Series A | 2130 | Jul 24, 2026 | ||
Seed | 7268 | Jul 23, 2026 | ||
Series B | 9027 | Jul 23, 2026 | - |
Top Investors in Medical Devices in North America
HHS is the top investor in Medical Devices companies in North America based on number of companies invested.
Here are some top investors in Medical Devices companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Arlington (United States) | ||
Boston (United States) | ||
Menlo Park (United States) | ||
M&A activity in Medical Devices sector in North America
In the year 2026, till July 2026, 23 acquisitions happened in Medical Devices sector in North America. Last year, in 2025, a total of 40 acquisitions happened in Medical Devices sector in North America.
Here are some recent, important acquisitions in Medical Devices sector in North America:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 16, 2026 | ||
Business Acquisition | May 21, 2026 | ||
Business Acquisition | May 06, 2026 | ||
Business Acquisition | Apr 30, 2026 | ||
Business Acquisition | Apr 24, 2026 |
Acquisition trends in Medical Devices sector in North America
Here are the acquisition trends in Medical Devices sector in North America:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 23 |
2025 | 40 |
2024 | 57 |
2023 | 42 |
2022 | 60 |
2021 | 89 |
2020 | 60 |
2019 | 64 |
2018 | 86 |
2017 | 86 |
IPOs in Medical Devices in North America
In the year 2026, till May 2026, 3 IPOs happened in Medical Devices sector in North America.
Here are some recent, important IPOs in Medical Devices sector in North America:
Company | IPO Date | Exchange Symbol |
|---|---|---|
May 21, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
May 08, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Mar 06, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 05, 2025 | Australian Securities Exchange (ASX) | |
Aug 29, 2025 | New York Stock Exchange (NYSEMKT) |
Colleges which produce the most Medical Devices companies in North America
Companies founded by alumni from top colleges in the Medical Devices in North America
Most number of Medical Devices startups in North America have been founded by alumni from Stanford University, Massachusetts Institute of Technology and Harvard University.
College | No. of companies |
|---|---|
Stanford University | 137 |
Massachusetts Institute of Technology | 130 |
Harvard University | 116 |
University of Pennsylvania | 79 |
University of California (Berkeley) | 67 |
Duke University | 56 |
University of California (Los Angeles) | 49 |
Columbia University | 41 |
Harvard Business School | 40 |
Cornell University | 35 |
Total funding in Medical Devices companies founded by alumni from top colleges in North America
In the last 10 years, Massachusetts Institute of Technology graduates' Medical Devices companies in North America have raised the most funding among top colleges. Stanford University alumni are second, and University of California (Berkeley) alumni are third.
College | Total Funding |
|---|---|
Massachusetts Institute of Technology | $7.87B |
Stanford University | $6.73B |
University of California (Berkeley) | $3.82B |
Duke University | $3.67B |
Harvard University | $3.4B |
Yale University | $2.9B |
Stanford Business School | $2.59B |
University of Pennsylvania | $2.43B |
University of California (Los Angeles) | $2.32B |
Kellogg School of Management | $1.61B |
Top News in Medical Devices in North America
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SurGenTec® Secures FDA Clearance for ION-L™ - Lumbar Navigation CompatibleBusiness Wire•Jul 24, 2026•SurGenTec
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Penumbra's THUNDERBOLT Device Shows Safety and Effectiveness in Stroke Care StudyPR Newswire•Jul 23, 2026•Penumbra
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Ceek Women's Health Files to Raise $27 Million in New Fundingintelligence360•Jul 17, 2026•Ceek Womens Health
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LifeLens Technologies Receives FDA 510(k) Clearance for Expanded Vital Sign MonitoringPR Newswire•Jul 16, 2026•LifeLens
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