November 30, 2025

12 Fastest Growing MedTech Companies and Startups

Discover the 12 fastest-growing MedTech companies and startups driving healthcare innovation in 2024–2025, including leaders in surgical robotics, AI diagnostics, brain-computer interfaces, and wearable medical devices.
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Table of Contents

Major Takeaways

Which MedTech companies showed the strongest revenue growth in 2023–2024?
Olympus led with approximately 17.6% revenue growth in fiscal 2023, followed by Intuitive Surgical at 14% and Boston Scientific at 12.3%, demonstrating strong demand for advanced endoscopy, surgical robotics, and interventional devices.
What were the largest MedTech funding rounds in 2024?
Blackrock Neurotech secured $200 million in April 2024 for brain-computer interface development, Kestra Medical raised $196 million for wearable defibrillator technology, and Caresyntax closed $180 million for its AI-powered surgical platform.
How is AI transforming the MedTech industry?
AI integration has become essential across MedTech, with companies like Abbott deploying AI-powered imaging systems, Stryker advancing Mako SmartRobotics, and digital health platforms like Tempus and Viz.ai scaling AI-driven diagnostics and precision medicine.

The MedTech industry continues to drive healthcare innovation forward. The global MedTech market was valued at approximately $739.6 billion in 2023. These 12 companies represent the forefront of healthcare innovation. For these rapidly scaling organizations, efficient go-to-market strategies are critical—especially when navigating complex hospital procurement cycles and multi-stakeholder decision-making processes. AI-powered platforms like Landbase's VibeGTM interface enable MedTech companies to identify and qualify high-value prospects in seconds using natural-language targeting, accelerating market penetration in this competitive landscape.

Key Takeaways

  • Market momentum remains strong despite funding challenges – The MedTech industry was valued at $739.6 billion in 2023, with continued innovation across surgical robotics, AI diagnostics, and minimally invasive therapies driving sector growth.
  • Revenue growth leaders dominate – Olympus achieved approximately 17.6% revenue growth in fiscal 2023, followed by Intuitive Surgical at 14% and Boston Scientific at 12.3%, demonstrating strong market demand for advanced medical devices.
  • Record funding rounds fuel innovation – Blackrock Neurotech secured a $200 million investment in April 2024, while Kestra Medical raised $196 million for wearable defibrillator technology.
  • AI integration is table stakes – Companies like Abbott with its AI-powered Ultreon OCT and Stryker with Mako SmartRobotics demonstrate how artificial intelligence is transforming patient care and surgical precision.
  • Digital health platforms scale rapidly – Tempus AI completed a $411 million IPO in 2024, while Viz.ai serves 1,800+ hospitals with its AI-powered medical imaging platform.
  • GTM automation accelerates MedTech growth – As these companies scale, AI-powered audience discovery platforms help them efficiently target complex healthcare buying committees and hospital procurement stakeholders.

1. Olympus Corporation — Endoscopy Innovation Leader

What They Do:

Olympus specializes in diagnostic, therapeutic, and minimally invasive medical procedures with a comprehensive portfolio including endoscopes, laparoscopes, video imaging systems, surgical energy devices, and integrated system solutions. These technologies are used in gastrointestinal, pulmonary, and urological procedures across 100+ countries.

Why They're Growing Fast:

  • Achieved approximately 17.6% revenue growth in fiscal 2023, among the highest in the medical device industry
  • Launched Visera S in September 2024, an all-in-one imaging platform with advanced stroboscopy technology
  • $6.3 billion in total revenue with strong global demand for advanced endoscopic solutions

Industry Importance:

Olympus holds a dominant position in the endoscopy market, providing essential tools for early disease detection and minimally invasive treatment. Their innovation in imaging technology sets industry standards for diagnostic precision and patient outcomes.

Leadership:

  • CEO: Bob White – Leading global endoscopy innovation
  • Key Background: Experienced medical technology executive driving digital transformation

Valuation: $14.6 B | Founded: 1919

2. Boston Scientific Corporation — Interventional Devices Powerhouse

What They Do:

Boston Scientific develops, manufactures, and markets medical devices globally with focus on interventional procedures in radiology, cardiology, electrophysiology, endoscopy, neuromodulation, and urology. The company pioneered pulsed field ablation (PFA) systems for atrial fibrillation treatment.

Why They're Growing Fast:

  • 12.3% year-over-year revenue growth in 2023 driven by robust global sales
  • Announced its intent to acquire Axonics for $3.7 billion in January 2024, with the deal closing on November 15, 2024
  • $16.74 billion revenue in 2024 with leadership in high-growth PFA market for treating atrial fibrillation

Industry Importance:

Boston Scientific is a major force in interventional medicine, advancing catheter-based treatments that reduce surgical trauma and recovery times. Their portfolio spans multiple high-value therapeutic areas, making them essential to modern cardiovascular and peripheral vascular care.

Leadership

  • CEO: Mike Mahoney – Driving interventional innovation globally
  • Key Background: Veteran MedTech executive with strategic acquisition expertise

Valuation: $143.6 B | Founded: 1979 

Recent Funding: €1.5 billion (2025)

3. Intuitive Surgical — Surgical Robotics Pioneer

What They Do:

Intuitive Surgical develops advanced robotic systems for minimally invasive surgery, pioneering the surgical robotics field with its da Vinci surgical system platform. The platform has been used in over 10 million procedures worldwide.

Why They're Growing Fast:

  • 14% year-over-year revenue growth in 2023
  • Received US FDA clearance for da Vinci 5 in March 2024, featuring AI-ready architecture
  • $8.35 billion revenue in 2024 with 80%+ market share dominance in surgical robotics

Industry Importance:

Intuitive Surgical revolutionized surgery by making minimally invasive procedures accessible across multiple specialties. Their robotic platforms enable surgeons to perform complex operations with enhanced precision, reduced patient trauma, and faster recovery times.

Leadership

  • CEO: Gary Guthart – Surgical robotics visionary
  • Key Background: Leading the company since 2010, expanding robotic surgery globally

Valuation: $592.96 | Founded: 1995

Recent Funding: No recent major private-equity funding disclosed

4. Abbott Laboratories — Multi-Specialty Medical Technology Leader

What They Do:

Abbott is a global healthcare company with a diverse MedTech portfolio including diabetes care (FreeStyle Libre continuous glucose monitoring), neuromodulation devices, cardiovascular diagnostic and treatment technologies, and AI-powered imaging solutions. The company serves millions of patients across multiple therapeutic areas.

Why They're Growing Fast:

  • Net earnings for 2024 surged to $13.4 billion
  • Received FDA approval for Tendyne™, the first transcatheter mitral valve replacement without open-heart surgery
  • The Medical Devices segment was a standout performer in 2024, with sales increasing by 12.4%

Industry Importance:

Abbott's broad portfolio addresses critical healthcare needs from diabetes management to structural heart disease. Their FreeStyle Libre system has transformed diabetes care globally, while their cardiovascular innovations advance minimally invasive treatment options.

Leadership

  • CEO: Robert Ford – Transforming global healthcare delivery
  • Key Background: Leading Abbott since 2020, focused on innovation and emerging markets

Valuation: $223B | Founded: 1888

Recent Funding: No recent private-equity funding disclosed

5. Stryker Corporation — Orthopedics & Surgical Robotics Leader

What They Do:

Stryker operates across Orthopedics, Medical & Surgical (MedSurg), and Neurotechnology & Spine divisions, offering implants, surgical equipment, AI-driven robotic systems like Mako SmartRobotics™ for knee and hip replacement, and patient care solutions. The company serves hospitals and healthcare facilities worldwide.

Why They're Growing Fast:

  • 10.2% year-over-year revenue growth
  • Acquired Care.ai in September 2024 for ambient AI and smart hospital room technology
  • $22.6 billion revenue in 2024 with market leadership in robotic-assisted orthopedic surgery

Industry Importance:

Stryker's robotic orthopedic platforms have set new standards for precision in joint replacement surgery. Their comprehensive portfolio across orthopedics, surgical technologies, and neurotechnology makes them indispensable to modern surgical departments.

Leadership

  • CEO: Kevin Lobo – Advancing surgical robotics and orthopedics
  • Key Background: Driving strategic acquisitions and technology integration

Valuation: $140.8 B | Founded: 1941

Recent Funding: No recent major private-equity funding disclosed

6. Tempus AI — Precision Medicine Platform Innovator

What They Do:

Tempus leverages AI and data capabilities to transform clinical care and research, utilizing real-time healthcare data to personalize care across oncology, neuropsychiatry, cardiology, infectious disease, and radiology through its Tempus Operating System. The company has built the world's largest library of clinical and molecular data (50+ petabytes).

Why They're Growing Fast:

  • Completed IPO on NASDAQ in June 2024, raising $411 million (second-largest medtech IPO of 2024)
  • Raised $1.05B in funding
  • 50+ petabytes of clinical data

Industry Importance:

Tempus is transforming precision medicine by making vast amounts of clinical and molecular data actionable for physicians. Their AI-driven platform enables personalized treatment decisions across multiple disease areas, accelerating the shift toward data-driven healthcare.

Leadership:

  • CEO: Eric Lefkofsky – Precision medicine entrepreneur
  • Key Background: Co-founder scaling AI-powered clinical data platform

Valuation: $1.05B | Founded: 2015

Recent Funding: $411 million IPO (June 2024) 

7. Blackrock Neurotech — Brain-Computer Interface Pioneer

What They Do:

Blackrock Neurotech develops neurotechnology including brain-computer interfaces (BCIs) that help patients with paralysis and neurological disorders regain tactile function, movement of limbs and prosthetics, and ability to control digital devices using thoughts. The company has over 20 years of human BCI experience with a proven track record since 2004.

Why They're Growing Fast:

  • Secured $200 million strategic investment from Tether in April 2024 (largest funding round of 2024)
  • 20+ years of human BCI experience, longest track record in the field
  • Positioned in rapidly emerging BCI market with $400B+ opportunity, with Tether as majority stakeholder

Industry Importance:

Blackrock Neurotech is at the forefront of brain-computer interface technology, pioneering solutions that restore function to individuals with severe paralysis. Their extensive clinical experience positions them as leaders in translating neurotechnology from research to clinical application.

Leadership:

  • CEO: Marcus Gerhardt – Brain-computer interface innovator
  • Key Background: Leading commercialization of neurotechnology for patient restoration

Valuation: $350 million | Founded: 2008

Recent Funding: $200 million (April 2024) 

8. Oura Health — Smart Ring Category Leader

What They Do:

Oura develops and markets smart rings that track comprehensive health metrics including sleep, activity, readiness, and physiological signals, combining medical-grade monitoring with consumer-friendly design. The company is developing clinical applications including FDA-clearance pathways for remote patient monitoring.

Why They're Growing Fast:

  • Closed $200 million funding round in 2024
  • Strategic partnership with Dexcom for glucose monitoring integration announced
  • Market leader in smart ring category with Evie Med variant targeting FDA clearance for remote patient monitoring

Industry Importance:

Oura has created and dominates the smart ring category, bringing continuous health monitoring to a wearable form factor. Their expansion into clinical applications bridges consumer wellness and medical-grade diagnostics, potentially transforming remote patient monitoring.

Leadership:

  • CEO: Tom Hale – Scaling smart ring technology
  • Key Background: Consumer health technology executive expanding clinical applications

Valuation: $5.2B | Founded: 2013

Recent Funding: $200 million Series D (2024)

9. Kestra Medical Technologies — Women's Cardiac Care Innovator

What They Do:

Kestra Medical develops the Assure system, a modern wearable cardioverter defibrillator (WCD) designed to provide autonomous detection and defibrillation for ventricular arrhythmias. The system features specific design considerations for female cardiac patients, addressing a significant gap in women's cardiac health technology.

Why They're Growing Fast:

  • Raised $196 million in oversubscribed funding in July 2024 (third-largest round of 2024)
  • FDA-cleared Assure WCD system with advanced algorithm and adaptive patient intelligence
  • Addresses significant unmet need in women's cardiac health technology market

Industry Importance:

Kestra Medical is addressing critical gaps in cardiac care for women, who have historically been underserved by one-size-fits-all medical devices. Their gender-specific approach to wearable defibrillators represents an important shift toward personalized cardiac protection.

Leadership:

  • CEO: Brian Webster – Pioneering women's cardiac care
  • Key Background: MedTech executive focused on gender-specific device innovation

Valuation: $1.3 billion | Founded: 2014

Recent Funding: $196 million (July 2024) 

10. Caresyntax — AI-Powered Surgical Platform

What They Do:

Caresyntax is a vendor-neutral precision surgery platform developer that transforms surgery with scalable, end-to-end software and AI platform designed to enhance surgical precision, patient safety, and hospital operational efficiency. The platform provides real-time clinical decision support throughout the patient journey.

Why They're Growing Fast:

  • Raised $180 million through Series C financing extension and growth debt expansion in August 2024
  • Vendor-neutral approach allows integration across different surgical equipment manufacturers
  • Fourth-largest funding round of 2024 with medical-grade, interoperable platform for surgical data

Industry Importance:

Caresyntax's vendor-neutral platform addresses a critical need in surgical data integration, enabling hospitals to leverage AI insights regardless of their existing equipment. Their approach to surgical data standardization has the potential to transform operating room efficiency and patient outcomes.

Leadership:

  • CEO: Dennis Kogan – Surgical AI platform visionary
  • Key Background: Technology entrepreneur scaling surgical intelligence solutions

Valuation: $ 500 million | Founded: 2013

Recent Funding: $180 million Series C (August 2024) 

11. Imperative Care — Comprehensive Stroke Care Platform

What They Do:

Imperative Care is a commercial-stage medical technology company developing connected innovations for vascular diseases including stroke and pulmonary embolism. The company operates through four entities: Imperative Care Stroke, Vascular, Kandu Health, and Telos Health, covering the full stroke care continuum.

Why They're Growing Fast:

  • Completed oversubscribed $150 million Series E financing in July 2024 (fifth-largest round)
  • Comprehensive approach combining interventional devices, digital recovery support, and robotic automation
  • Experienced leadership with 200+ patents addressing full stroke care journey

Industry Importance:

Imperative Care's comprehensive platform addresses stroke care beyond the acute intervention phase, integrating devices with digital recovery tools. This holistic approach to vascular disease management represents an evolution in how medical device companies support patient outcomes.

Leadership:

  • CEO: Fred Khosravi – Comprehensive stroke care innovator
  • Key Background: Serial medical device entrepreneur with extensive patent portfolio

Valuation: $496M | Founded: 2015

Recent Funding: $150 million Series E (July 2024)

12. Precision Neuroscience — Ultra-Thin Brain Implants

What They Do:

Precision Neuroscience develops AI-powered brain-computer interfaces to help users with severe paralysis operate digital devices like computers and smartphones using their thoughts through an ultra-thin Layer 7 Thin-Film BCI. The system features 1,024 electrodes embedded in flexible film one-fifth the thickness of human hair.

Why They're Growing Fast:

  • Closed $102 million Series C funding round in 2024
  • Innovative ultra-thin film technology with 1,024 electrodes conforming to brain surface
  • Positioned in $400B+ BCI opportunity space with differentiated minimally invasive approach

Industry Importance:

Precision Neuroscience's ultra-thin BCI technology offers a less invasive alternative to traditional brain implants. Their approach could expand the addressable market for brain-computer interfaces by reducing surgical risk and enabling broader clinical adoption.

Leadership:

  • CEO: Benjamin Rapoport – Neurosurgical innovation leader
  • Key Background: Neurosurgeon and co-founder advancing minimally invasive BCIs

Valuation: $155 million | Founded: 2021

Recent Funding: $102 million Series C (December 2024)

The MedTech GTM Challenge: Why Targeting Matters

These 12 fastest-growing MedTech companies face a common challenge: 

  • Efficiently reaching complex healthcare buying committees that include clinicians, administrators, procurement officers, and IT stakeholders. 
  • Traditional prospecting methods struggle with the nuanced targeting required in healthcare, where timing is critical (post-funding rounds, new facility openings, technology upgrades) and compliance requirements are stringent.

This is where AI-powered audience discovery becomes essential. Landbase's GTM-2 Omni platform enables MedTech companies to use natural-language prompts like "CFOs at hospital systems with 500+ beds that recently announced new facility construction" to instantly generate AI-qualified prospect lists. The platform's 1,500+ unique signals—including funding rounds, hiring patterns, technology stack changes, and conference attendance—help identify healthcare organizations at peak buying readiness.

For MedTech startups emerging from accelerator programs like MedTech Innovator's 2025 cohort, efficient targeting can mean the difference between rapid market penetration and prolonged sales cycles. By leveraging Landbase Intelligence for growth signals and Trust Scores, these companies can prioritize accounts most likely to convert, while the VibeGTM interface simplifies complex multi-parameter searches into simple conversational queries.

Frequently Asked Questions

What defines a 'fastest-growing' MedTech company?

Fastest-growing MedTech companies are defined by either significant year-over-year revenue growth (8%+ for established companies) or major funding rounds ($100M+ for startups) in 2024-2025. Growth must be accompanied by market impact, whether through FDA approvals, hospital adoption, or technological innovation. Companies like Olympus achieved approximately 17.6% revenue growth in fiscal 2023, while startups like Blackrock Neurotech secured $200 million in funding. These metrics reflect both financial momentum and clinical or commercial validation in the marketplace.

How does AI contribute to MedTech growth and innovation?

AI drives MedTech growth through both product innovation and operational efficiency, transforming how companies develop and commercialize medical technologies. On the product side, companies like Abbott developed AI-powered Ultreon OCT for coronary imaging, while Viz.ai uses deep learning to detect strokes on CT scans, reducing treatment time by 30-40 minutes. Operationally, AI-powered GTM platforms help companies identify high-intent prospects based on 1,500+ signals like funding rounds, hiring patterns, and technology stack changes. This dual application of AI—in products and go-to-market strategies—accelerates both innovation cycles and sales velocity in complex healthcare environments.

What are typical funding stages for MedTech startups and why is recent funding crucial?

MedTech startups typically progress through seed, Series A-C, and growth rounds, with recent funding crucial for navigating lengthy FDA approval processes and clinical trials that can take years. The largest 2024 rounds included $200 million for Blackrock Neurotech, $196 million for Kestra Medical, and $180 million for Caresyntax, demonstrating investor confidence in specific therapeutic areas. This capital funds regulatory compliance, manufacturing scale-up, and commercial team expansion—critical for MedTech companies facing 12-24 month sales cycles. Recent funding also signals market validation, helping companies attract clinical partners and hospital customers who prefer financially stable vendors.

What role do CEOs play in steering MedTech companies through rapid growth?

MedTech CEOs combine clinical domain expertise with commercial acumen to navigate regulatory landscapes while scaling operations across multiple markets. Leaders like Intuitive Surgical's Gary Guthart have overseen transformation into global surgical robotics pioneers, while Tempus AI's Eric Lefkofsky built a $1.2B+ revenue precision medicine platform from startup to IPO in under a decade. Successful MedTech CEOs balance scientific innovation with go-to-market execution, often leveraging AI-powered tools to efficiently target complex healthcare buying committees. They must also manage relationships with regulators, clinicians, payers, and investors simultaneously—a unique challenge requiring both technical credibility and strategic vision.

What are the main regulatory challenges faced by fast-growing MedTech companies?

Fast-growing MedTech companies face FDA approval processes, medical device regulations, reimbursement policies, and data security compliance that can take years and millions of dollars to navigate. Beyond FDA clearance, securing Medicare reimbursement (like Viz.ai achieved) is often essential for commercial viability. The regulatory burden requires significant capital investment, making efficient go-to-market strategies critical—MedTech companies can use natural-language targeting to identify healthcare organizations already using similar technologies or preparing for regulatory submissions.

How can MedTech companies efficiently identify and qualify new customers?

MedTech companies can efficiently identify and qualify new customers using AI-powered audience discovery platforms that analyze 1,500+ unique signals across firmographic, technographic, intent, hiring, and funding data. Instead of manual prospecting, teams can use natural-language prompts like "Hospital systems in California with new cardiology department leadership" to instantly generate AI-qualified lists based on buying signals. Platforms like Landbase enable MedTech companies to export up to 10,000 contacts instantly without requiring a login, accelerating market penetration in complex healthcare sales cycles. This approach is particularly valuable for targeting post-funding rounds, new facility openings, technology upgrades, and leadership changes—all indicators of elevated buying readiness in healthcare organizations.

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