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Public Comps and Valuation Multiples for Medical Devices

Benchmark revenue and EBITDA valuation multiples for public comps like
Samsung, Johnson & Johnson, Roche, Siemens and Thermo Fisher Scientific.

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Medical Devices

Viewing 50 of 441 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Samsung	$946B	$878B	$289B	3.0x	7.6x
Johnson & Johnson	$548B	$581B	$96B	6.0x	16.2x
Roche	$328B	$350B	$80B	4.4x	11.1x
Siemens	$217B	$251B	$95B	2.6x	14.8x
Thermo Fisher Scientific	$175B	$214B	$46B	4.7x	18.7x
Intuitive Surgical	$171B	$166B	$11B	15.7x	35.8x
Abbott	$158B	$163B	$46B	3.5x	13.3x
Danaher	$125B	$138B	$25B	5.6x	17.6x
Stryker	$125B	$137B	$26B	5.3x	18.6x
Medtronic	$107B	$127B	$36B	3.5x	12.4x
Boston Scientific	$92B	$102B	$21B	4.9x	15.8x
Edwards Lifesciences	$49B	$45B	$6B	7.2x	23.5x
Siemens Healthineers	$46B	$44B	$27B	1.6x	8.0x
IDEXX Laboratories	$45B	$46B	$4B	10.3x	29.4x
Alcon	$37B	$40B	$11B	3.8x	14.9x
Agilent	$33B	$34B	$7B	4.8x	16.5x
ResMed	$32B	$31B	$6B	5.6x	14.5x
GE HealthCare	$31B	$37B	$21B	1.8x	10.0x
Waters	$30B	$31B	$4B	7.4x	22.2x
Mindray	$29B	$26B	$5B	5.3x	16.0x
Philips	$26B	$32B	$21B	1.5x	9.0x
Mettler Toledo	$26B	$28B	$4B	6.9x	22.0x
DexCom	$24B	$23B	$5B	4.8x	16.2x
Halma	$23B	$23B	$3B	6.7x	27.1x
Steris	$22B	$23B	$6B	3.9x	14.0x
Illumina	$19B	$20B	$4B	4.6x	16.3x
Sartorius	$19B	$21B	$4B	5.9x	19.1x
Zimmer Biomet	$18B	$25B	$8B	3.0x	8.9x
Hologic	$17B	$17B	—	—	—
Globus Medical	$15B	$15B	$3B	4.8x	15.1x
Coloplast	$15B	$19B	$4B	4.2x	13.1x
United Imaging	$14B	$13B	$2B	6.2x	37.5x
Align Technology	$14B	$13B	$4B	3.1x	11.4x
Smith & Nephew	$13B	$16B	$6B	2.6x	9.8x
Sonova	$13B	$13B	$5B	2.7x	10.4x
Insulet	$13B	$13B	$3B	4.6x	19.4x
Penumbra	$13B	$13B	$1B	8.6x	45.0x
Cooper Companies	$13B	$15B	$4B	3.6x	11.2x
Fresenius Medical Care	$12B	$23B	$23B	1.0x	5.4x
Fisher & Paykel	$12B	$12B	$1B	9.0x	26.6x
Solventum	$12B	$16B	$8B	1.9x	7.3x
Medpace	$12B	$11B	$3B	4.3x	19.5x
Olympus	$11B	$11B	$6B	1.7x	11.0x
Zydus Lifesciences	$10B	$10B	$3B	3.6x	13.5x
Baxter International	$9B	$17B	$11B	1.5x	7.7x
Masimo	$9B	$10B	$2B	6.3x	21.0x
Bio-Rad Laboratories	$8B	$8B	$3B	3.0x	16.7x
Glaukos	$7B	$7B	$541M	12.8x	(421.1x)
Demant	$7B	$10B	$4B	2.6x	11.2x
Shimadzu	$7B	$6B	$4B	1.6x	9.7x
Teleflex	$6B	$X.XB	$2B	X.Xx	X.Xx
Convatec Group	$6B	$X.XB	$2B	X.Xx	X.Xx
Caris Life Sciences	$6B	$X.XB	$875M	X.Xx	X.Xx
Horiba	$6B	$X.XB	$2B	X.Xx	X.Xx
Abbott India	$6B	$X.XB	$739M	X.Xx	X.Xx
Getinge	$6B	$X.XB	$4B	X.Xx	X.Xx
Bausch + Lomb	$6B	$X.XB	$5B	X.Xx	X.Xx
Asahi Intecc	$6B	$X.XB	$870M	X.Xx	X.Xx
Bruker	$6B	$X.XB	$3B	X.Xx	X.Xx
Andon Health	$6B	$X.XB	—	X.Xx	X.Xx
Sectra	$5B	$X.XB	$348M	X.Xx	X.Xx
Snibe	$5B	$X.XB	$713M	X.Xx	X.Xx
Sysmex	$5B	$X.XB	$3B	X.Xx	X.Xx
Imeik Technology Development	$5B	$X.XB	$371M	X.Xx	X.Xx
APT Medical	$5B	$X.XB	$408M	X.Xx	X.Xx
Mirion	$5B	$X.XB	$993M	X.Xx	X.Xx
Ypsomed	$5B	$X.XB	$915M	X.Xx	X.Xx
Canon Marketing Japan	$5B	$X.XB	$4B	X.Xx	X.Xx
Novanta	$5B	$X.XB	$1B	X.Xx	X.Xx
Jiangsu Yuyue Medical	$5B	$X.XB	$1B	X.Xx	X.Xx
Cochlear	$5B	$X.XB	$2B	X.Xx	X.Xx
Ottobock	$4B	$X.XB	$2B	X.Xx	X.Xx
Renishaw	$4B	$X.XB	$1B	X.Xx	X.Xx
Envista Holdings	$4B	$X.XB	$3B	X.Xx	X.Xx
Merit Medical Systems	$4B	$X.XB	$2B	X.Xx	X.Xx
iRhythm Holdings	$4B	$X.XB	$789M	X.Xx	X.Xx
Lepu Medical Technology	$4B	$X.XB	$980M	X.Xx	X.Xx
BillionToOne	$4B	$X.XB	$348M	X.Xx	X.Xx
TransMedics	$4B	$X.XB	$649M	X.Xx	X.Xx
Medacta Group	$4B	$X.XB	$819M	X.Xx	X.Xx
Minimed Group	$4B	$X.XB	—	X.Xx	X.Xx
LivaNova	$4B	$X.XB	$1B	X.Xx	X.Xx
Hamamatsu Photonics	$4B	$X.XB	$1B	X.Xx	X.Xx
Rigaku	$3B	$X.XB	$619M	X.Xx	X.Xx
ICU Medical	$3B	$X.XB	$2B	X.Xx	X.Xx
MGI Tech	$3B	$X.XB	$433M	X.Xx	X.Xx
Integer Holdings	$3B	$X.XB	$2B	X.Xx	X.Xx
Autobio Diagnostics	$3B	$X.XB	$632M	X.Xx	X.Xx
Haemonetics	$3B	$X.XB	$1B	X.Xx	X.Xx
Ambu	$3B	$X.XB	$980M	X.Xx	X.Xx
Carl Zeiss Meditec	$3B	$X.XB	$3B	X.Xx	X.Xx
LeMaitre Vascular	$3B	$X.XB	$259M	X.Xx	X.Xx
Double Medical Technology	$3B	$X.XB	—	X.Xx	X.Xx
Insight Lifetech	$2B	$X.XB	—	X.Xx	X.Xx
Amplifon	$2B	$X.XB	$3B	X.Xx	X.Xx
Elekta	$2B	$X.XB	$2B	X.Xx	X.Xx
GN Store Nord	$2B	$X.XB	$3B	X.Xx	X.Xx
Sinbon Electronics	$2B	$X.XB	$1B	X.Xx	X.Xx
MicroPort Scientific	$2B	$X.XB	$1B	X.Xx	X.Xx
Jafron Biomedical	$2B	$X.XB	—	X.Xx	X.Xx
Mehow Innovative	$2B	$X.XB	$261M	X.Xx	X.Xx
Bausch Health	$2B	$X.XB	$10B	X.Xx	X.Xx
AddLife	$2B	$X.XB	$1B	X.Xx	X.Xx
Beijing Balance Medical	$2B	$X.XB	—	X.Xx	X.Xx
Axogen	$2B	$X.XB	$238M	X.Xx	X.Xx
4DMedical	$2B	$X.XB	$6M	X.Xx	X.Xx
Tecan Group	$2B	$X.XB	$1B	X.Xx	X.Xx
Jeol	$2B	$X.XB	$1B	X.Xx	X.Xx
Establishment Labs	$2B	$X.XB	$228M	X.Xx	X.Xx
Heron Neutron Medical	$2B	$X.XB	—	X.Xx	X.Xx
Qingdao Baheal Medical	$2B	$X.XB	$1B	X.Xx	X.Xx
Embla Medical	$2B	$X.XB	$960M	X.Xx	X.Xx
VCANBIO	$2B	$X.XB	—	X.Xx	X.Xx
Weigao Group	$2B	$X.XB	$231M	X.Xx	X.Xx
Artivion	$2B	$X.XB	$458M	X.Xx	X.Xx
MicroPort	$2B	$X.XB	$206M	X.Xx	X.Xx
Draegerwerk	$2B	$X.XB	$4B	X.Xx	X.Xx
AdaptHealth	$2B	$X.XB	$3B	X.Xx	X.Xx
Vitrolife	$2B	$X.XB	$383M	X.Xx	X.Xx
SonoScape	$2B	$X.XB	$353M	X.Xx	X.Xx
BoneSupport	$2B	$X.XB	$139M	X.Xx	X.Xx
Cofoe Medical	$2B	$X.XB	$529M	X.Xx	X.Xx
Alphatec Holdings	$2B	$X.XB	$805M	X.Xx	X.Xx
Fukuda Denshi	$2B	$X.XB	$868M	X.Xx	X.Xx
Inspire Medical Systems	$2B	$X.XB	$928M	X.Xx	X.Xx
MicroPort EP	$2B	$X.XB	$71M	X.Xx	X.Xx
Savaria	$2B	$X.XB	$683M	X.Xx	X.Xx
Haier Biomedical	$2B	$X.XB	—	X.Xx	X.Xx
Pulse Biosciences	$2B	$X.XB	$1M	X.Xx	X.Xx
Wandong Medical	$2B	$X.XB	—	X.Xx	X.Xx
UFP Technologies	$2B	$X.XB	$614M	X.Xx	X.Xx
Oculis Holding	$2B	$X.XB	$3M	X.Xx	X.Xx
Poly Medicure	$2B	$X.XB	$203M	X.Xx	X.Xx
Oxford Nanopore Technologies	$2B	$X.XB	$322M	X.Xx	X.Xx
Nolato	$1B	$X.XB	$1B	X.Xx	X.Xx
Immunocore Holdings	$1B	$X.XB	$416M	X.Xx	X.Xx
AtriCure	$1B	$X.XB	$557M	X.Xx	X.Xx
Nihon Kohden	$1B	$X.XB	$1B	X.Xx	X.Xx
Nakanishi	$1B	$X.XB	$541M	X.Xx	X.Xx
NovoCure	$1B	$X.XB	$668M	X.Xx	X.Xx
Tandem Diabetes Care	$1B	$X.XB	$1B	X.Xx	X.Xx
Enovis	$1B	$X.XB	$2B	X.Xx	X.Xx
PROCEPT BioRobotics	$1B	$X.XB	$336M	X.Xx	X.Xx
Butterfly Network	$1B	$X.XB	$104M	X.Xx	X.Xx
SKAN Group	$1B	$X.XB	$446M	X.Xx	X.Xx
Sinocare	$1B	$X.XB	$706M	X.Xx	X.Xx
Staar Surgical	$1B	$X.XB	$262M	X.Xx	X.Xx
Shinva	$1B	$X.XB	—	X.Xx	X.Xx
El.En. Group	$1B	$X.XB	$695M	X.Xx	X.Xx
Medartis	$1B	$X.XB	$367M	X.Xx	X.Xx
Anbio Biotechnology	$1B	$X.XB	—	X.Xx	X.Xx
Shanghai Haohai	$1B	$X.XB	$363M	X.Xx	X.Xx
Conmed	$1B	$X.XB	$1B	X.Xx	X.Xx
Avanos Medical	$1B	$X.XB	$704M	X.Xx	X.Xx
iRadimed	$1B	$X.XB	$87M	X.Xx	X.Xx
Mani Inc.	$1B	$X.XB	$205M	X.Xx	X.Xx
Kuros Biosciences	$1B	$X.XB	$164M	X.Xx	X.Xx
Dynavox Group	$1B	$X.XB	$284M	X.Xx	X.Xx
Curiox Biosystems	$1B	$X.XB	$3M	X.Xx	X.Xx
Xvivo Perfusion	$965M	$X.XB	$97M	X.Xx	X.Xx
InMode	$912M	$X.XB	$370M	X.Xx	X.Xx
ChemoMetec	$894M	$X.XB	$80M	X.Xx	X.Xx
Barco	$882M	$X.XB	$1B	X.Xx	X.Xx
SS Innovations	$873M	$X.XB	—	X.Xx	X.Xx
Integra Lifesciences	$824M	$X.XB	$2B	X.Xx	X.Xx
CeriBell	$804M	$X.XB	$97M	X.Xx	X.Xx
Nanosonics	$801M	$X.XB	$147M	X.Xx	X.Xx
MedCap	$797M	$X.XB	$239M	X.Xx	X.Xx
PHC Holdings	$794M	$X.XB	$2B	X.Xx	X.Xx
QuidelOrtho	$789M	$X.XB	$3B	X.Xx	X.Xx
Advanced Medical Solutions Group	$738M	$X.XB	$314M	X.Xx	X.Xx
Alpha Tau Medical	$712M	$X.XB	$409K	X.Xx	X.Xx
MedicalSystem Technology	$692M	$X.XB	$48M	X.Xx	X.Xx
SD Biosensor	$689M	$X.XB	—	X.Xx	X.Xx
Bioventus	$682M	$X.XB	$580M	X.Xx	X.Xx
Synektik	$681M	$X.XB	$238M	X.Xx	X.Xx
Sunmax Biotechnology	$675M	$X.XB	—	X.Xx	X.Xx
BrainsWay	$662M	$X.XB	$57M	X.Xx	X.Xx
Lumibird	$630M	$X.XB	$270M	X.Xx	X.Xx
Japan Lifeline	$605M	$X.XB	$371M	X.Xx	X.Xx
SI-BONE	$598M	$X.XB	$210M	X.Xx	X.Xx
NeuroPace	$570M	$X.XB	$100M	X.Xx	X.Xx
Tactile Medical	$570M	$X.XB	$339M	X.Xx	X.Xx
Cytek Biosciences	$565M	$X.XB	$204M	X.Xx	X.Xx
Sofwave Medical	$554M	$X.XB	—	X.Xx	X.Xx
Anteris Technologies US	$543M	$X.XB	$4M	X.Xx	X.Xx
Mesa Laboratories	$542M	$X.XB	$252M	X.Xx	X.Xx
Perspective Therapeutics	$514M	$X.XB	$804K	X.Xx	X.Xx
MiMedx Group	$510M	$X.XB	$385M	X.Xx	X.Xx
Revenio Group	$508M	$X.XB	$138M	X.Xx	X.Xx
Beta Bionics	$498M	$X.XB	$111M	X.Xx	X.Xx
Orthofix Medical	$496M	$X.XB	$833M	X.Xx	X.Xx
Polynovo	$496M	$X.XB	$103M	X.Xx	X.Xx
2seventy bio	$492M	$X.XB	—	X.Xx	X.Xx
IBA Group	$472M	$X.XB	$714M	X.Xx	X.Xx
Kamada	$470M	$X.XB	$187M	X.Xx	X.Xx
Imricor Medical Systems	$460M	$X.XB	$1M	X.Xx	X.Xx
AngioDynamics	$459M	$X.XB	$312M	X.Xx	X.Xx
Myriad Genetics	$451M	$X.XB	$837M	X.Xx	X.Xx
Medmix	$447M	$X.XB	$581M	X.Xx	X.Xx
Medistim	$442M	$X.XB	$76M	X.Xx	X.Xx
OrthoPediatrics	$416M	$X.XB	$245M	X.Xx	X.Xx
IVF hartmann	$399M	$X.XB	—	X.Xx	X.Xx
Cerus	$396M	$X.XB	$239M	X.Xx	X.Xx
TaiDoc Technology	$381M	$X.XB	—	X.Xx	X.Xx
Medios	$376M	$X.XB	$2B	X.Xx	X.Xx
NIOX Group	$375M	$X.XB	$66M	X.Xx	X.Xx
Delcath Systems	$373M	$X.XB	$91M	X.Xx	X.Xx
VieMed	$372M	$X.XB	$285M	X.Xx	X.Xx
Coltene	$369M	$X.XB	$306M	X.Xx	X.Xx
ClearPoint Neuro	$354M	$X.XB	$42M	X.Xx	X.Xx
Standard BioTools	$351M	$X.XB	$84M	X.Xx	X.Xx
Universal Vision	$338M	$X.XB	$133M	X.Xx	X.Xx
Abbott Pakistan	$325M	$X.XB	—	X.Xx	X.Xx
CellaVision	$311M	$X.XB	$85M	X.Xx	X.Xx
Semler Scientific	$311M	$X.XB	—	X.Xx	X.Xx
CapsoVision	$303M	$X.XB	$14M	X.Xx	X.Xx
RxSight	$300M	$X.XB	$133M	X.Xx	X.Xx
Asterasys	$299M	$X.XB	$29M	X.Xx	X.Xx
Senseonics Holdings	$296M	$X.XB	$43M	X.Xx	X.Xx
TriSalus Life Sciences	$285M	$X.XB	$50M	X.Xx	X.Xx
Eurobio Scientific	$282M	$X.XB	$200M	X.Xx	X.Xx
Carlsmed	$279M	$X.XB	$58M	X.Xx	X.Xx
Shoulder Innovations	$268M	$X.XB	$53M	X.Xx	X.Xx
Stratec	$262M	$X.XB	$302M	X.Xx	X.Xx
Profound Medical	$254M	$X.XB	$21M	X.Xx	X.Xx
908 Devices	$252M	$X.XB	$59M	X.Xx	X.Xx
Orchestra BioMed	$242M	$X.XB	$23M	X.Xx	X.Xx
Zepp Health	$241M	$X.XB	$282M	X.Xx	X.Xx
Onward Medical	$238M	$X.XB	$9M	X.Xx	X.Xx
Sight Sciences	$237M	$X.XB	$80M	X.Xx	X.Xx
Affluent Medical	$236M	$X.XB	$1M	X.Xx	X.Xx
Ascom	$223M	$X.XB	$377M	X.Xx	X.Xx
SmartVest	$218M	$X.XB	$71M	X.Xx	X.Xx
Median Technologies	$217M	$X.XB	$29M	X.Xx	X.Xx
Utah Medical	$214M	$X.XB	—	X.Xx	X.Xx
Ilex Medical	$210M	$X.XB	—	X.Xx	X.Xx
EBR Systems	$209M	$X.XB	$6M	X.Xx	X.Xx
InfuSystem	$209M	$X.XB	$144M	X.Xx	X.Xx
OraSure	$207M	$X.XB	$116M	X.Xx	X.Xx
Anika Therapeutics	$206M	$X.XB	$114M	X.Xx	X.Xx
Lucid Diagnostics	$205M	$X.XB	$6M	X.Xx	X.Xx
Carvolix	$205M	$X.XB	$1M	X.Xx	X.Xx
CVRx	$203M	$X.XB	$59M	X.Xx	X.Xx
Quantum-Si	$196M	$X.XB	$2M	X.Xx	X.Xx
Inogen	$192M	$X.XB	$355M	X.Xx	X.Xx
Medinice	$187M	$X.XB	—	X.Xx	X.Xx
Surgical Science	$185M	$X.XB	$109M	X.Xx	X.Xx
Vuno	$183M	$X.XB	—	X.Xx	X.Xx
Sisram Medical	$181M	$X.XB	$379M	X.Xx	X.Xx
Deltex Medical Group	$181M	$X.XB	—	X.Xx	X.Xx
Sanara MedTech	$176M	$X.XB	$108M	X.Xx	X.Xx
JETEMA Co.	$175M	$X.XB	—	X.Xx	X.Xx
Guerbet	$172M	$X.XB	$898M	X.Xx	X.Xx
Pro-Dex	$167M	$X.XB	$67M	X.Xx	X.Xx
SANUWAVE Health	$161M	$X.XB	$47M	X.Xx	X.Xx
Humacyte	$158M	$X.XB	$5M	X.Xx	X.Xx
Apyx Medical	$156M	$X.XB	$54M	X.Xx	X.Xx
Viromed Medical	$154M	$X.XB	$29M	X.Xx	X.Xx
Quanterix	$153M	$X.XB	$149M	X.Xx	X.Xx
BICO Group	$151M	$X.XB	$171M	X.Xx	X.Xx
Owlet	$147M	$X.XB	$113M	X.Xx	X.Xx
EKF Diagnostics	$142M	$X.XB	$70M	X.Xx	X.Xx
AVITA Medical	$133M	$X.XB	$75M	X.Xx	X.Xx
Nyxoah	$132M	$X.XB	$20M	X.Xx	X.Xx
Aroa Biosurgery	$131M	$X.XB	$59M	X.Xx	X.Xx
Treace Medical Concepts	$128M	$X.XB	$211M	X.Xx	X.Xx
Hyperfine	$127M	$X.XB	$16M	X.Xx	X.Xx
NN	$125M	$X.XB	$431M	X.Xx	X.Xx
Paxman	$123M	$X.XB	$39M	X.Xx	X.Xx
CROSSJECT	$121M	$X.XB	$19M	X.Xx	X.Xx
Edap TMS	$121M	$X.XB	$73M	X.Xx	X.Xx
Onyx Healthcare	$120M	$X.XB	—	X.Xx	X.Xx
Emvision	$119M	$X.XB	$4M	X.Xx	X.Xx
Fonar	$119M	$X.XB	—	X.Xx	X.Xx
Neuronetics	$117M	$X.XB	$153M	X.Xx	X.Xx
Vivani Medical	$114M	$X.XB	—	X.Xx	X.Xx
SDI Group	$114M	$X.XB	$102M	X.Xx	X.Xx
Laxmi Dental	$110M	$X.XB	$30M	X.Xx	X.Xx
Sedana Medical	$105M	$X.XB	$22M	X.Xx	X.Xx
Rapid Micro Biosystems	$104M	$X.XB	$35M	X.Xx	X.Xx
Susmed	$100M	$X.XB	$5M	X.Xx	X.Xx
C-Rad	$99M	$X.XB	$51M	X.Xx	X.Xx
Fractyl Health	$98M	$X.XB	—	X.Xx	X.Xx
SomnoMed	$98M	$X.XB	$85M	X.Xx	X.Xx
Zomedica	$97M	$X.XB	$32M	X.Xx	X.Xx
Austco Healthcare	$88M	$X.XB	$72M	X.Xx	X.Xx
Agfa-Gevaert	$87M	$X.XB	$1B	X.Xx	X.Xx
Senzime	$84M	$X.XB	$13M	X.Xx	X.Xx
Outset Medical	$83M	$X.XB	$122M	X.Xx	X.Xx
Optiscan Imaging	$82M	$X.XB	—	X.Xx	X.Xx
BioStem Technologies	$81M	$X.XB	$47M	X.Xx	X.Xx
Meditera	$80M	$X.XB	—	X.Xx	X.Xx
Sera Prognostics	$79M	$X.XB	$205K	X.Xx	X.Xx
Nexstim	$77M	$X.XB	$13M	X.Xx	X.Xx
FluoGuide	$76M	$X.XB	—	X.Xx	X.Xx
Medicalgorithmics	$74M	$X.XB	$10M	X.Xx	X.Xx
Xtant Medical	$73M	$X.XB	$122M	X.Xx	X.Xx
Pangaea Oncology	$72M	$X.XB	—	X.Xx	X.Xx
Applied BioCode	$72M	$X.XB	—	X.Xx	X.Xx
Bactiguard	$68M	$X.XB	$24M	X.Xx	X.Xx
Creo Medical Group	$68M	$X.XB	$10M	X.Xx	X.Xx
Baird Medical Investment	$66M	$X.XB	—	X.Xx	X.Xx
Sensus Healthcare	$66M	$X.XB	$27M	X.Xx	X.Xx
BATM Advanced Communications	$65M	$X.XB	$114M	X.Xx	X.Xx
Cyclopharm	$63M	$X.XB	$24M	X.Xx	X.Xx
Klea	$62M	$X.XB	—	X.Xx	X.Xx
LENSAR	$62M	$X.XB	$52M	X.Xx	X.Xx
AOTI	$61M	$X.XB	—	X.Xx	X.Xx
Daxor	$60M	$X.XB	$8M	X.Xx	X.Xx
Optomed	$59M	$X.XB	$21M	X.Xx	X.Xx
Spectral AI	$59M	$X.XB	$19M	X.Xx	X.Xx
InspireMD	$59M	$X.XB	$11M	X.Xx	X.Xx
Modulight	$58M	$X.XB	$9M	X.Xx	X.Xx
Pentixapharm Holding	$58M	$X.XB	—	X.Xx	X.Xx
Svas Biosana	$56M	$X.XB	$168M	X.Xx	X.Xx
Anatolia Geneworks	$55M	$X.XB	—	X.Xx	X.Xx
Accuray	$55M	$X.XB	$446M	X.Xx	X.Xx
SMAIO	$54M	$X.XB	$12M	X.Xx	X.Xx
Pulmonx	$54M	$X.XB	$91M	X.Xx	X.Xx
OssDsign	$53M	$X.XB	$21M	X.Xx	X.Xx
Tobii	$52M	$X.XB	$88M	X.Xx	X.Xx
Envoy Medical	$52M	$X.XB	$228K	X.Xx	X.Xx
Sequana Medical	$51M	$X.XB	$3M	X.Xx	X.Xx
Elutia	$50M	$X.XB	$12M	X.Xx	X.Xx
electroCore	$50M	$X.XB	$35M	X.Xx	X.Xx
Nutriband	$49M	$X.XB	$3M	X.Xx	X.Xx
HeartBeam	$48M	$X.XB	$628K	X.Xx	X.Xx
Biohit	$48M	$X.XB	$19M	X.Xx	X.Xx
Trajan Group Holdings	$46M	$X.XB	$120M	X.Xx	X.Xx
SciBase Holding	$45M	$X.XB	$5M	X.Xx	X.Xx
Baumer	$44M	$X.XB	—	X.Xx	X.Xx
Mauna Kea Technologies	$43M	$X.XB	$9M	X.Xx	X.Xx
Q-linea	$42M	$X.XB	—	X.Xx	X.Xx
Ortoma	$41M	$X.XB	$7M	X.Xx	X.Xx
Diagnostic Medical Systems	$41M	$X.XB	$61M	X.Xx	X.Xx
NeuroOne Medical	$40M	$X.XB	$10M	X.Xx	X.Xx
Nortech Systems	$40M	$X.XB	—	X.Xx	X.Xx
Mentice	$40M	$X.XB	$32M	X.Xx	X.Xx
CytoSorbents	$39M	$X.XB	$38M	X.Xx	X.Xx
RenovoRx	$39M	$X.XB	$2M	X.Xx	X.Xx
BrainCool	$37M	$X.XB	$5M	X.Xx	X.Xx
CS Diagnostics	$37M	$X.XB	—	X.Xx	X.Xx
Acarix	$37M	$X.XB	$1M	X.Xx	X.Xx
Theraclion	$36M	$X.XB	—	X.Xx	X.Xx
Implanet	$35M	$X.XB	—	X.Xx	X.Xx
aap Implantate	$35M	$X.XB	—	X.Xx	X.Xx
Vivos	$34M	$X.XB	—	X.Xx	X.Xx
Myomo	$32M	$X.XB	$42M	X.Xx	X.Xx
Harvard Bioscience	$31M	$X.XB	$87M	X.Xx	X.Xx
IMD International Medical	$30M	$X.XB	—	X.Xx	X.Xx
TELA Bio	$30M	$X.XB	$82M	X.Xx	X.Xx
Polyrizon	$29M	$X.XB	—	X.Xx	X.Xx
Lifeward	$28M	$X.XB	$25M	X.Xx	X.Xx
Modular Medical	$26M	$X.XB	—	X.Xx	X.Xx
Finemedix	$26M	$X.XB	—	X.Xx	X.Xx
Episurf Medical	$26M	$X.XB	—	X.Xx	X.Xx
AnteoTech	$25M	$X.XB	$1M	X.Xx	X.Xx
European Medical Solutions	$24M	$X.XB	—	X.Xx	X.Xx
Integrum	$24M	$X.XB	$9M	X.Xx	X.Xx
Inspira Technologies	$23M	$X.XB	—	X.Xx	X.Xx
Medclair	$23M	$X.XB	—	X.Xx	X.Xx
Pulsenmore	$23M	$X.XB	—	X.Xx	X.Xx
NanoRepro	$23M	$X.XB	$19M	X.Xx	X.Xx
Icecure Medical	$23M	$X.XB	$5M	X.Xx	X.Xx
Cambridge Cognition	$22M	$X.XB	$14M	X.Xx	X.Xx
Promimic	$22M	$X.XB	—	X.Xx	X.Xx
Impedimed	$20M	$X.XB	$11M	X.Xx	X.Xx
Genomtec	$20M	$X.XB	—	X.Xx	X.Xx
Iridex	$18M	$X.XB	$53M	X.Xx	X.Xx
Biosynex	$18M	$X.XB	—	X.Xx	X.Xx
Geratherm Medical	$18M	$X.XB	—	X.Xx	X.Xx
Observe Medical	$17M	$X.XB	—	X.Xx	X.Xx
Boule Diagnostics	$17M	$X.XB	$55M	X.Xx	X.Xx
Labo Euromedis	$16M	$X.XB	—	X.Xx	X.Xx
Wellgistics Health	$16M	$X.XB	—	X.Xx	X.Xx
Clinical Laserthermia	$16M	$X.XB	$3M	X.Xx	X.Xx
ViroGates	$16M	$X.XB	—	X.Xx	X.Xx
Advanced Medical	$16M	$X.XB	—	X.Xx	X.Xx
Scandinavian Real Heart	$15M	$X.XB	—	X.Xx	X.Xx
Bionano Genomics	$13M	$X.XB	$30M	X.Xx	X.Xx
Scandinavian Medical	$13M	$X.XB	$37M	X.Xx	X.Xx
Lifecare	$12M	$X.XB	$172K	X.Xx	X.Xx
Arcoma	$12M	$X.XB	$15M	X.Xx	X.Xx
Jana Medical Company	$12M	$X.XB	—	X.Xx	X.Xx
Trinity Biotech	$12M	$X.XB	—	X.Xx	X.Xx
Neola Medical	$12M	$X.XB	$950K	X.Xx	X.Xx
Allurion	$11M	$X.XB	$15M	X.Xx	X.Xx
Renalytix	$11M	$X.XB	$3M	X.Xx	X.Xx
Spineguard	$11M	$X.XB	$5M	X.Xx	X.Xx
Scandinavian ChemoTech	$11M	$X.XB	—	X.Xx	X.Xx
Sds Optic	$10M	$X.XB	—	X.Xx	X.Xx
Bluelinea	$10M	$X.XB	—	X.Xx	X.Xx
Nestmedic	$9M	$X.XB	—	X.Xx	X.Xx
BibbInstruments	$9M	$X.XB	—	X.Xx	X.Xx
AMA Corp	$9M	$X.XB	—	X.Xx	X.Xx
enVVeno Medical	$9M	$X.XB	—	X.Xx	X.Xx
Subgen AI	$8M	$X.XB	—	X.Xx	X.Xx
Zynex	$8M	$X.XB	—	X.Xx	X.Xx
Pheton Holdings	$7M	$X.XB	—	X.Xx	X.Xx
Carmat	$7M	$X.XB	—	X.Xx	X.Xx
Predict	$7M	$X.XB	—	X.Xx	X.Xx
Bioretec	$7M	$X.XB	$5M	X.Xx	X.Xx
Qlife Holding	$7M	$X.XB	—	X.Xx	X.Xx
Iconovo	$7M	$X.XB	$1M	X.Xx	X.Xx
Spineway	$7M	$X.XB	$15M	X.Xx	X.Xx
Lucyd	$7M	$X.XB	$4M	X.Xx	X.Xx
Bio-Gate	$7M	$X.XB	$9M	X.Xx	X.Xx
ScandiDos	$6M	$X.XB	—	X.Xx	X.Xx
Inventionmed	$6M	$X.XB	—	X.Xx	X.Xx
Co-Diagnostics	$6M	$X.XB	$600K	X.Xx	X.Xx
CollPlant	$6M	$X.XB	—	X.Xx	X.Xx
Redsense Medical	$5M	$X.XB	—	X.Xx	X.Xx
PolarCool	$5M	$X.XB	—	X.Xx	X.Xx
Zenicor Medical Systems	$4M	$X.XB	—	X.Xx	X.Xx
Vicarious Surgical	$4M	$X.XB	—	X.Xx	X.Xx
Phase Holographic	$4M	$X.XB	—	X.Xx	X.Xx
CM International	$3M	$X.XB	—	X.Xx	X.Xx
PExA	$3M	$X.XB	—	X.Xx	X.Xx
SpectraCure	$3M	$X.XB	—	X.Xx	X.Xx
Perpetua Medical	$3M	$X.XB	—	X.Xx	X.Xx
Nuwellis	$3M	$X.XB	$9M	X.Xx	X.Xx
Milton Essex	$3M	$X.XB	—	X.Xx	X.Xx
Massmedica	$3M	$X.XB	—	X.Xx	X.Xx
SensoDetect	$3M	$X.XB	—	X.Xx	X.Xx
VibroSense Dynamics	$3M	$X.XB	—	X.Xx	X.Xx
Modne Zakupy	$3M	$X.XB	—	X.Xx	X.Xx
Profusa	$3M	$X.XB	—	X.Xx	X.Xx
Luxbright	$2M	$X.XB	—	X.Xx	X.Xx
Adiuvo Investments	$2M	$X.XB	—	X.Xx	X.Xx
Monivent	$2M	$X.XB	—	X.Xx	X.Xx
PEPTONIC medical	$2M	$X.XB	—	X.Xx	X.Xx
BBS-Bioactive Bone	$2M	$X.XB	—	X.Xx	X.Xx
Invent Medic Sweden	$2M	$X.XB	—	X.Xx	X.Xx
Work Medical Technology Group	$1M	$X.XB	—	X.Xx	X.Xx
Inhalation Sciences SWE	$1M	$X.XB	—	X.Xx	X.Xx
Epigenomics	$961K	$X.XB	—	X.Xx	X.Xx
EvokAI	$640K	$X.XB	—	X.Xx	X.Xx
Chordate Medical Holding	$64K	$X.XB	—	X.Xx	X.Xx
Remedent	$14K	$X.XB	—	X.Xx	X.Xx
Carbiotix	—	$X.XB	—	X.Xx	X.Xx