Medical Device Company

Business Idea: Start A Medical Device Company in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$183K
Avg Startup Costs
$37.7K
Score
73
Avg Revenue
Min Revenue
$42K/month
Max Revenue
$300K/month
Avg Days To Build
365 days

If you are a medical practitioner and want to start a business, then you could consider starting a medical device company. There are many medical device companies started by individuals or small teams. Some of them were successful and became startups impacting the industry with their technology.

Starting a medical device company is an exciting venture that can lead to a successful business. If you're considering starting a medical device business, there are several factors to consider before putting a team together and setting out to reach your goals.

Revenue & Profitability

How much do medical device companies make?

Startup Costs

How much does it cost to start a medical device company?

  • It can cost as low as $5,000 to start a medical device company.
  • It can cost as high as $750,000 to start a medical device company.

Learn more about the costs of a medical device company.

Examples Of Successful Medical Device Companies

Successful medical device company businesses and case studies

Healthsols Facilitators Pvt Ltd is a medical equipment and surgical items supplier to B2B entities such as hospitals and clinics that started around 6 months ago with an investment of INR 3000 and have now recruited 18 employees in 11 cities, while planning to establish their own manufacturing unit.

$300K Monthly Revenue
$5K Startup Costs
Read by 3,958 founders

Pain Care Labs, founded by a pediatric emergency doctor after inventing a vibrating ice pack bee, Buzzy, has sold over 31 million units while focusing on non-pharmaceutical pain relief, and recently launched a crowdfunding campaign for their latest product, DuoTherm.

$208K Monthly Revenue
$150K Startup Costs
Read by 26,157 founders

See full list of successful medical device companies.