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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 Abbott.

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Medical Devices

Viewing 50 of 430 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Samsung	$941B	$873B	$258B	3.4x	10.4x
Johnson & Johnson	$577B	$605B	$95B	6.3x	17.1x
Roche	$377B	$400B	$80B	5.0x	12.7x
Siemens	$204B	$249B	$93B	2.7x	15.0x
Abbott	$198B	$203B	$45B	4.5x	16.9x
Thermo Fisher Scientific	$191B	$220B	$45B	4.9x	19.6x
Intuitive Surgical	$176B	$170B	$10B	16.4x	38.0x
Stryker	$148B	$160B	$26B	6.3x	21.7x
Danaher	$146B	$161B	$25B	6.5x	20.6x
Medtronic	$126B	$146B	$36B	4.1x	14.3x
Boston Scientific	$113B	$123B	$21B	6.0x	19.0x
Siemens Healthineers	$53B	$51B	$27B	1.9x	9.4x
IDEXX Laboratories	$51B	$51B	$4B	11.8x	33.6x
Edwards Lifesciences	$51B	$47B	$6B	7.7x	25.3x
Alcon	$41B	$45B	$10B	4.3x	17.0x
ResMed	$38B	$37B	$5B	6.8x	17.6x
GE HealthCare	$36B	$42B	$21B	2.0x	11.3x
Agilent	$33B	$35B	$7B	5.0x	17.0x
Mindray	$33B	$30B	$5B	6.0x	17.2x
Waters	$30B	$31B	$4B	8.1x	23.9x
Philips	$29B	$35B	$21B	1.6x	10.0x
DexCom	$28B	$28B	$5B	5.8x	19.8x
Mettler Toledo	$27B	$29B	$4B	7.1x	22.9x
Steris	$24B	$26B	$6B	4.4x	15.2x
Halma	$21B	$22B	$3B	6.4x	25.6x
Illumina	$20B	$21B	$4B	4.8x	17.2x
Sartorius	$20B	$23B	$4B	6.4x	20.7x
Zimmer Biomet	$19B	$26B	$8B	3.2x	9.6x
Coloplast	$17B	$21B	$4B	4.8x	14.8x
Insulet	$17B	$17B	$3B	6.1x	25.9x
Hologic	$17B	$17B	$4B	4.1x	12.5x
Cooper Companies	$16B	$18B	$4B	4.4x	13.9x
United Imaging	$15B	$14B	$2B	7.1x	41.7x
Smith & Nephew	$15B	$18B	$6B	2.8x	11.1x
Sonova	$15B	$14B	$5B	2.9x	11.8x
Fisher & Paykel	$14B	$14B	$1B	10.6x	31.4x
Align Technology	$14B	$13B	$4B	3.1x	11.5x
Penumbra	$13B	$13B	$1B	9.2x	47.7x
Medpace	$13B	$13B	$3B	4.9x	22.1x
Fresenius Medical Care	$13B	$23B	$23B	1.0x	5.5x
Solventum	$13B	$16B	$8B	1.9x	7.3x
Globus Medical	$13B	$12B	$3B	4.1x	13.0x
Baxter International	$10B	$18B	$11B	1.6x	8.0x
Olympus	$10B	$10B	$6B	1.6x	9.7x
Zydus Lifesciences	$10B	$10B	$3B	3.6x	13.3x
Masimo	$9B	$9B	$2B	6.1x	20.6x
Cochlear	$9B	$9B	$2B	5.5x	21.3x
Shimadzu	$8B	$7B	$3B	1.9x	11.6x
Bio-Rad Laboratories	$7B	$7B	$3B	2.8x	16.0x
Glaukos	$7B	$7B	$528M	13.0x	(309.4x)
Bausch + Lomb	$6B	$X.XB	$5B	X.Xx	X.Xx
Convatec Group	$6B	$X.XB	$2B	X.Xx	X.Xx
Imeik Technology Development	$6B	$X.XB	$378M	X.Xx	X.Xx
Demant	$6B	$X.XB	$4B	X.Xx	X.Xx
Abbott India	$6B	$X.XB	$754M	X.Xx	X.Xx
Snibe	$6B	$X.XB	$704M	X.Xx	X.Xx
Getinge	$6B	$X.XB	$4B	X.Xx	X.Xx
Bruker	$6B	$X.XB	$3B	X.Xx	X.Xx
Caris Life Sciences	$6B	$X.XB	$850M	X.Xx	X.Xx
Sysmex	$6B	$X.XB	$3B	X.Xx	X.Xx
Mirion	$6B	$X.XB	$967M	X.Xx	X.Xx
Horiba	$6B	$X.XB	$2B	X.Xx	X.Xx
Jiangsu Yuyue Medical	$6B	$X.XB	$1B	X.Xx	X.Xx
Teleflex	$5B	$X.XB	$2B	X.Xx	X.Xx
Asahi Intecc	$5B	$X.XB	$852M	X.Xx	X.Xx
TransMedics	$5B	$X.XB	$632M	X.Xx	X.Xx
Novanta	$5B	$X.XB	$993M	X.Xx	X.Xx
Envista Holdings	$5B	$X.XB	$3B	X.Xx	X.Xx
Ypsomed	$5B	$X.XB	$924M	X.Xx	X.Xx
APT Medical	$5B	$X.XB	$397M	X.Xx	X.Xx
Lepu Medical Technology	$5B	$X.XB	$990M	X.Xx	X.Xx
Canon Marketing Japan	$5B	$X.XB	$4B	X.Xx	X.Xx
Merit Medical Systems	$5B	$X.XB	$2B	X.Xx	X.Xx
Renishaw	$4B	$X.XB	$997M	X.Xx	X.Xx
Medacta Group	$4B	$X.XB	$809M	X.Xx	X.Xx
Sectra	$4B	$X.XB	$344M	X.Xx	X.Xx
MGI Tech	$4B	$X.XB	$442M	X.Xx	X.Xx
LivaNova	$4B	$X.XB	$1B	X.Xx	X.Xx
Hamamatsu Photonics	$4B	$X.XB	$1B	X.Xx	X.Xx
ICU Medical	$4B	$X.XB	$2B	X.Xx	X.Xx
Amplifon	$3B	$X.XB	$3B	X.Xx	X.Xx
Ambu	$3B	$X.XB	$963M	X.Xx	X.Xx
Autobio Diagnostics	$3B	$X.XB	$631M	X.Xx	X.Xx
Integer Holdings	$3B	$X.XB	$2B	X.Xx	X.Xx
Haemonetics	$3B	$X.XB	$1B	X.Xx	X.Xx
Mehow Innovative	$3B	$X.XB	$269M	X.Xx	X.Xx
Double Medical Technology	$3B	$X.XB	$392M	X.Xx	X.Xx
Andon Health	$3B	$X.XB	—	X.Xx	X.Xx
Carl Zeiss Meditec	$3B	$X.XB	$3B	X.Xx	X.Xx
MicroPort Scientific	$3B	$X.XB	$1B	X.Xx	X.Xx
LeMaitre Vascular	$2B	$X.XB	$255M	X.Xx	X.Xx
Rigaku	$2B	$X.XB	$616M	X.Xx	X.Xx
Elekta	$2B	$X.XB	$2B	X.Xx	X.Xx
Heron Neutron Medical	$2B	$X.XB	$397K	X.Xx	X.Xx
Jafron Biomedical	$2B	$X.XB	$318M	X.Xx	X.Xx
Establishment Labs	$2B	$X.XB	$222M	X.Xx	X.Xx
Bausch Health	$2B	$X.XB	$10B	X.Xx	X.Xx
Tecan Group	$2B	$X.XB	$1B	X.Xx	X.Xx
GN Store Nord	$2B	$X.XB	$3B	X.Xx	X.Xx
Jeol	$2B	$X.XB	$1B	X.Xx	X.Xx
Beijing Balance Medical	$2B	$X.XB	—	X.Xx	X.Xx
Alphatec Holdings	$2B	$X.XB	$789M	X.Xx	X.Xx
Embla Medical	$2B	$X.XB	$948M	X.Xx	X.Xx
AddLife	$2B	$X.XB	$1B	X.Xx	X.Xx
Inspire Medical Systems	$2B	$X.XB	$923M	X.Xx	X.Xx
Artivion	$2B	$X.XB	$452M	X.Xx	X.Xx
Qingdao Baheal Medical	$2B	$X.XB	$1B	X.Xx	X.Xx
Nihon Kohden	$2B	$X.XB	$1B	X.Xx	X.Xx
Sinbon Electronics	$2B	$X.XB	$992M	X.Xx	X.Xx
Draegerwerk	$2B	$X.XB	$4B	X.Xx	X.Xx
Fukuda Denshi	$2B	$X.XB	$891M	X.Xx	X.Xx
MicroPort	$2B	$X.XB	$233M	X.Xx	X.Xx
Tandem Diabetes Care	$2B	$X.XB	$1B	X.Xx	X.Xx
Cofoe Medical	$2B	$X.XB	$510M	X.Xx	X.Xx
VCANBIO	$2B	$X.XB	—	X.Xx	X.Xx
Weigao Group	$2B	$X.XB	$238M	X.Xx	X.Xx
SonoScape	$2B	$X.XB	$328M	X.Xx	X.Xx
Immunocore Holdings	$2B	$X.XB	$410M	X.Xx	X.Xx
Wandong Medical	$2B	$X.XB	$279M	X.Xx	X.Xx
4DMedical	$2B	$X.XB	$5M	X.Xx	X.Xx
MicroPort EP	$2B	$X.XB	$72M	X.Xx	X.Xx
UFP Technologies	$2B	$X.XB	$610M	X.Xx	X.Xx
AtriCure	$2B	$X.XB	$548M	X.Xx	X.Xx
Axogen	$2B	$X.XB	$233M	X.Xx	X.Xx
NovoCure	$2B	$X.XB	$663M	X.Xx	X.Xx
Haier Biomedical	$2B	$X.XB	$348M	X.Xx	X.Xx
PROCEPT BioRobotics	$1B	$X.XB	$326M	X.Xx	X.Xx
Nolato	$1B	$X.XB	$1B	X.Xx	X.Xx
Oxford Nanopore Technologies	$1B	$X.XB	$313M	X.Xx	X.Xx
Enovis	$1B	$X.XB	$2B	X.Xx	X.Xx
SKAN Group	$1B	$X.XB	$442M	X.Xx	X.Xx
Sinocare	$1B	$X.XB	$724M	X.Xx	X.Xx
QuidelOrtho	$1B	$X.XB	$3B	X.Xx	X.Xx
Medartis	$1B	$X.XB	$355M	X.Xx	X.Xx
Conmed	$1B	$X.XB	$1B	X.Xx	X.Xx
BoneSupport	$1B	$X.XB	$136M	X.Xx	X.Xx
Nakanishi	$1B	$X.XB	$535M	X.Xx	X.Xx
Poly Medicure	$1B	$X.XB	$204M	X.Xx	X.Xx
Kuros Biosciences	$1B	$X.XB	$157M	X.Xx	X.Xx
Subgen AI	$1B	$X.XB	—	X.Xx	X.Xx
Vitrolife	$1B	$X.XB	$384M	X.Xx	X.Xx
Shinva	$1B	$X.XB	—	X.Xx	X.Xx
iRadimed	$1B	$X.XB	$85M	X.Xx	X.Xx
Curiox Biosystems	$1B	$X.XB	$3M	X.Xx	X.Xx
Shanghai Haohai	$1B	$X.XB	$409M	X.Xx	X.Xx
Pulse Biosciences	$1B	$X.XB	$917K	X.Xx	X.Xx
AdaptHealth	$1B	$X.XB	$3B	X.Xx	X.Xx
El.En. Group	$1B	$X.XB	$685M	X.Xx	X.Xx
ChemoMetec	$1B	$X.XB	$83M	X.Xx	X.Xx
Mani Inc.	$1B	$X.XB	$203M	X.Xx	X.Xx
Barco	$1B	$X.XB	$1B	X.Xx	X.Xx
Butterfly Network	$957M	$X.XB	$101M	X.Xx	X.Xx
Anbio Biotechnology	$957M	$X.XB	—	X.Xx	X.Xx
Staar Surgical	$948M	$X.XB	$251M	X.Xx	X.Xx
Dynavox Group	$934M	$X.XB	$279M	X.Xx	X.Xx
SS Innovations	$896M	$X.XB	—	X.Xx	X.Xx
InMode	$864M	$X.XB	$370M	X.Xx	X.Xx
PHC Holdings	$853M	$X.XB	$2B	X.Xx	X.Xx
Integra Lifesciences	$809M	$X.XB	$2B	X.Xx	X.Xx
MedCap	$789M	$X.XB	$236M	X.Xx	X.Xx
SD Biosensor	$735M	$X.XB	—	X.Xx	X.Xx
Nanosonics	$733M	$X.XB	$144M	X.Xx	X.Xx
MiMedx Group	$712M	$X.XB	$405M	X.Xx	X.Xx
Japan Lifeline	$700M	$X.XB	$372M	X.Xx	X.Xx
SI-BONE	$693M	$X.XB	$207M	X.Xx	X.Xx
CeriBell	$693M	$X.XB	$94M	X.Xx	X.Xx
Synektik	$693M	$X.XB	$228M	X.Xx	X.Xx
MedicalSystem Technology	$667M	$X.XB	$52M	X.Xx	X.Xx
Sunmax Biotechnology	$667M	$X.XB	—	X.Xx	X.Xx
Alpha Tau Medical	$661M	$X.XB	$251K	X.Xx	X.Xx
Tactile Medical	$657M	$X.XB	$336M	X.Xx	X.Xx
Avanos Medical	$649M	$X.XB	$703M	X.Xx	X.Xx
Anteris Technologies US	$630M	$X.XB	$3M	X.Xx	X.Xx
Xvivo Perfusion	$614M	$X.XB	$94M	X.Xx	X.Xx
Advanced Medical Solutions Group	$611M	$X.XB	$310M	X.Xx	X.Xx
Perspective Therapeutics	$609M	$X.XB	$1M	X.Xx	X.Xx
Lumibird	$605M	$X.XB	$266M	X.Xx	X.Xx
Bioventus	$589M	$X.XB	$575M	X.Xx	X.Xx
Cytek Biosciences	$568M	$X.XB	$203M	X.Xx	X.Xx
Revenio Group	$563M	$X.XB	$132M	X.Xx	X.Xx
IBA Group	$522M	$X.XB	$708M	X.Xx	X.Xx
Orthofix Medical	$517M	$X.XB	$829M	X.Xx	X.Xx
Mesa Laboratories	$514M	$X.XB	$250M	X.Xx	X.Xx
Kamada	$508M	$X.XB	$185M	X.Xx	X.Xx
Beta Bionics	$493M	$X.XB	$107M	X.Xx	X.Xx
Medmix	$492M	$X.XB	$580M	X.Xx	X.Xx
Cerus	$486M	$X.XB	$237M	X.Xx	X.Xx
OrthoPediatrics	$481M	$X.XB	$242M	X.Xx	X.Xx
Medios	$475M	$X.XB	$2B	X.Xx	X.Xx
AngioDynamics	$468M	$X.XB	$308M	X.Xx	X.Xx
Myriad Genetics	$467M	$X.XB	$832M	X.Xx	X.Xx
Imricor Medical Systems	$467M	$X.XB	$930K	X.Xx	X.Xx
BrainsWay	$467M	$X.XB	$55M	X.Xx	X.Xx
NeuroPace	$465M	$X.XB	$100M	X.Xx	X.Xx
Polynovo	$461M	$X.XB	$100M	X.Xx	X.Xx
Coltene	$430M	$X.XB	$307M	X.Xx	X.Xx
IVF hartmann	$424M	$X.XB	—	X.Xx	X.Xx
Medistim	$418M	$X.XB	$75M	X.Xx	X.Xx
Sofwave Medical	$402M	$X.XB	—	X.Xx	X.Xx
Standard BioTools	$392M	$X.XB	$85M	X.Xx	X.Xx
CellaVision	$381M	$X.XB	$85M	X.Xx	X.Xx
TaiDoc Technology	$376M	$X.XB	—	X.Xx	X.Xx
Abbott Pakistan	$376M	$X.XB	—	X.Xx	X.Xx
ClearPoint Neuro	$374M	$X.XB	$40M	X.Xx	X.Xx
Asterasys	$364M	$X.XB	$30M	X.Xx	X.Xx
Universal Vision	$361M	$X.XB	$132M	X.Xx	X.Xx
NIOX Group	$358M	$X.XB	$65M	X.Xx	X.Xx
VieMed	$336M	$X.XB	$279M	X.Xx	X.Xx
Semler Scientific	$311M	$X.XB	—	X.Xx	X.Xx
Delcath Systems	$311M	$X.XB	$89M	X.Xx	X.Xx
RxSight	$307M	$X.XB	$134M	X.Xx	X.Xx
Stratec	$290M	$X.XB	$299M	X.Xx	X.Xx
Zepp Health	$280M	$X.XB	$269M	X.Xx	X.Xx
TriSalus Life Sciences	$276M	$X.XB	$48M	X.Xx	X.Xx
Eurobio Scientific	$273M	$X.XB	$196M	X.Xx	X.Xx
Sight Sciences	$273M	$X.XB	$79M	X.Xx	X.Xx
Onward Medical	$262M	$X.XB	$8M	X.Xx	X.Xx
Orchestra BioMed	$257M	$X.XB	$27M	X.Xx	X.Xx
CapsoVision	$252M	$X.XB	$15M	X.Xx	X.Xx
Quanterix	$248M	$X.XB	$145M	X.Xx	X.Xx
JETEMA Co.	$248M	$X.XB	—	X.Xx	X.Xx
908 Devices	$244M	$X.XB	$58M	X.Xx	X.Xx
Sisram Medical	$243M	$X.XB	—	X.Xx	X.Xx
Ascom	$227M	$X.XB	$376M	X.Xx	X.Xx
EBR Systems	$218M	$X.XB	$4M	X.Xx	X.Xx
OraSure	$216M	$X.XB	$116M	X.Xx	X.Xx
Humacyte	$215M	$X.XB	$7M	X.Xx	X.Xx
CVRx	$215M	$X.XB	$58M	X.Xx	X.Xx
Ilex Medical	$213M	$X.XB	—	X.Xx	X.Xx
Median Technologies	$212M	$X.XB	$29M	X.Xx	X.Xx
Utah Medical	$211M	$X.XB	—	X.Xx	X.Xx
SANUWAVE Health	$210M	$X.XB	$47M	X.Xx	X.Xx
Anika Therapeutics	$207M	$X.XB	$114M	X.Xx	X.Xx
Quantum-Si	$206M	$X.XB	$2M	X.Xx	X.Xx
Owlet	$200M	$X.XB	$110M	X.Xx	X.Xx
SmartVest	$196M	$X.XB	$70M	X.Xx	X.Xx
Rapid Micro Biosystems	$193M	$X.XB	$35M	X.Xx	X.Xx
Vuno	$193M	$X.XB	—	X.Xx	X.Xx
Lucid Diagnostics	$190M	$X.XB	$6M	X.Xx	X.Xx
Guerbet	$189M	$X.XB	$902M	X.Xx	X.Xx
Profound Medical	$188M	$X.XB	$19M	X.Xx	X.Xx
InfuSystem	$188M	$X.XB	$144M	X.Xx	X.Xx
Sanara MedTech	$183M	$X.XB	$106M	X.Xx	X.Xx
Deltex Medical Group	$181M	$X.XB	—	X.Xx	X.Xx
Surgical Science	$178M	$X.XB	$109M	X.Xx	X.Xx
Inogen	$172M	$X.XB	$353M	X.Xx	X.Xx
Aroa Biosurgery	$166M	$X.XB	$57M	X.Xx	X.Xx
Nyxoah	$164M	$X.XB	$15M	X.Xx	X.Xx
Edap TMS	$159M	$X.XB	$71M	X.Xx	X.Xx
AVITA Medical	$154M	$X.XB	$73M	X.Xx	X.Xx
Pro-Dex	$154M	$X.XB	$67M	X.Xx	X.Xx
EKF Diagnostics	$149M	$X.XB	$70M	X.Xx	X.Xx
LENSAR	$143M	$X.XB	$67M	X.Xx	X.Xx
BICO Group	$137M	$X.XB	$171M	X.Xx	X.Xx
Apyx Medical	$135M	$X.XB	$54M	X.Xx	X.Xx
Affluent Medical	$130M	$X.XB	$593K	X.Xx	X.Xx
Zomedica	$129M	$X.XB	—	X.Xx	X.Xx
CROSSJECT	$124M	$X.XB	$4M	X.Xx	X.Xx
Treace Medical Concepts	$119M	$X.XB	$211M	X.Xx	X.Xx
Paxman	$118M	$X.XB	$37M	X.Xx	X.Xx
Fonar	$117M	$X.XB	—	X.Xx	X.Xx
Emvision	$117M	$X.XB	$4M	X.Xx	X.Xx
Onyx Healthcare	$114M	$X.XB	—	X.Xx	X.Xx
Laxmi Dental	$114M	$X.XB	$30M	X.Xx	X.Xx
Hyperfine	$114M	$X.XB	$14M	X.Xx	X.Xx
SomnoMed	$111M	$X.XB	$83M	X.Xx	X.Xx
SDI Group	$111M	$X.XB	$99M	X.Xx	X.Xx
Baird Medical Investment	$111M	$X.XB	—	X.Xx	X.Xx
Susmed	$104M	$X.XB	$4M	X.Xx	X.Xx
Viromed Medical	$95M	$X.XB	$22M	X.Xx	X.Xx
Vivani Medical	$95M	$X.XB	—	X.Xx	X.Xx
BioStem Technologies	$95M	$X.XB	—	X.Xx	X.Xx
C-Rad	$93M	$X.XB	$50M	X.Xx	X.Xx
Sedana Medical	$93M	$X.XB	$23M	X.Xx	X.Xx
Neuronetics	$88M	$X.XB	$151M	X.Xx	X.Xx
Austco Healthcare	$88M	$X.XB	$69M	X.Xx	X.Xx
Agfa-Gevaert	$85M	$X.XB	$1B	X.Xx	X.Xx
Medinice	$85M	$X.XB	—	X.Xx	X.Xx
Medicalgorithmics	$84M	$X.XB	$10M	X.Xx	X.Xx
Nexstim	$83M	$X.XB	$13M	X.Xx	X.Xx
Creo Medical Group	$81M	$X.XB	$9M	X.Xx	X.Xx
Xtant Medical	$80M	$X.XB	$129M	X.Xx	X.Xx
Meditera	$80M	$X.XB	—	X.Xx	X.Xx
Applied BioCode	$78M	$X.XB	—	X.Xx	X.Xx
Senzime	$77M	$X.XB	$13M	X.Xx	X.Xx
NN	$77M	$X.XB	$428M	X.Xx	X.Xx
OssDsign	$75M	$X.XB	$21M	X.Xx	X.Xx
Sera Prognostics	$74M	$X.XB	$296K	X.Xx	X.Xx
Cyclopharm	$73M	$X.XB	$23M	X.Xx	X.Xx
Fractyl Health	$72M	$X.XB	—	X.Xx	X.Xx
BATM Advanced Communications	$72M	$X.XB	$118M	X.Xx	X.Xx
Sensus Healthcare	$70M	$X.XB	$27M	X.Xx	X.Xx
Klea	$69M	$X.XB	—	X.Xx	X.Xx
InspireMD	$68M	$X.XB	$10M	X.Xx	X.Xx
Daxor	$66M	$X.XB	$8M	X.Xx	X.Xx
Accuray	$66M	$X.XB	$448M	X.Xx	X.Xx
Optomed	$65M	$X.XB	$20M	X.Xx	X.Xx
Pangaea Oncology	$65M	$X.XB	—	X.Xx	X.Xx
Optiscan Imaging	$65M	$X.XB	—	X.Xx	X.Xx
Outset Medical	$64M	$X.XB	$121M	X.Xx	X.Xx
electroCore	$64M	$X.XB	$34M	X.Xx	X.Xx
FluoGuide	$63M	$X.XB	—	X.Xx	X.Xx
Bactiguard	$61M	$X.XB	$25M	X.Xx	X.Xx
Trajan Group Holdings	$59M	$X.XB	$118M	X.Xx	X.Xx
Pulmonx	$59M	$X.XB	$91M	X.Xx	X.Xx
Anatolia Geneworks	$58M	$X.XB	—	X.Xx	X.Xx
AOTI	$57M	$X.XB	—	X.Xx	X.Xx
Pentixapharm Holding	$54M	$X.XB	—	X.Xx	X.Xx
HeartBeam	$54M	$X.XB	$528K	X.Xx	X.Xx
Nutriband	$54M	$X.XB	—	X.Xx	X.Xx
Envoy Medical	$53M	$X.XB	—	X.Xx	X.Xx
Modulight	$53M	$X.XB	$9M	X.Xx	X.Xx
Svas Biosana	$53M	$X.XB	$163M	X.Xx	X.Xx
Elutia	$51M	$X.XB	$12M	X.Xx	X.Xx
CytoSorbents	$51M	$X.XB	$38M	X.Xx	X.Xx
Sequana Medical	$50M	$X.XB	$2M	X.Xx	X.Xx
Q-linea	$50M	$X.XB	$3M	X.Xx	X.Xx
Mentice	$46M	$X.XB	$31M	X.Xx	X.Xx
CS Diagnostics	$46M	$X.XB	—	X.Xx	X.Xx
Biohit	$45M	$X.XB	$18M	X.Xx	X.Xx
SMAIO	$45M	$X.XB	$11M	X.Xx	X.Xx
Baumer	$44M	$X.XB	—	X.Xx	X.Xx
Ortoma	$44M	$X.XB	$7M	X.Xx	X.Xx
Spectral AI	$43M	$X.XB	$18M	X.Xx	X.Xx
Theraclion	$42M	$X.XB	—	X.Xx	X.Xx
Icecure Medical	$40M	$X.XB	$4M	X.Xx	X.Xx
Tobii	$39M	$X.XB	$94M	X.Xx	X.Xx
Diagnostic Medical Systems	$39M	$X.XB	$60M	X.Xx	X.Xx
Vivos	$39M	$X.XB	—	X.Xx	X.Xx
Mauna Kea Technologies	$39M	$X.XB	$9M	X.Xx	X.Xx
Pulsenmore	$38M	$X.XB	—	X.Xx	X.Xx
TELA Bio	$38M	$X.XB	$83M	X.Xx	X.Xx
Implanet	$35M	$X.XB	—	X.Xx	X.Xx
NeuroOne Medical	$34M	$X.XB	$10M	X.Xx	X.Xx
Acarix	$34M	$X.XB	$1M	X.Xx	X.Xx
SciBase Holding	$31M	$X.XB	—	X.Xx	X.Xx
RenovoRx	$29M	$X.XB	$2M	X.Xx	X.Xx
Myomo	$29M	$X.XB	$42M	X.Xx	X.Xx
IMD International Medical	$27M	$X.XB	—	X.Xx	X.Xx
Finemedix	$27M	$X.XB	—	X.Xx	X.Xx
European Medical Solutions	$27M	$X.XB	—	X.Xx	X.Xx
Cambridge Cognition	$26M	$X.XB	$13M	X.Xx	X.Xx
Harvard Bioscience	$26M	$X.XB	$87M	X.Xx	X.Xx
Nortech Systems	$26M	$X.XB	—	X.Xx	X.Xx
Inspira Technologies	$26M	$X.XB	$10M	X.Xx	X.Xx
AnteoTech	$25M	$X.XB	$1M	X.Xx	X.Xx
Integrum	$25M	$X.XB	$9M	X.Xx	X.Xx
Impedimed	$25M	$X.XB	$11M	X.Xx	X.Xx
aap Implantate	$24M	$X.XB	—	X.Xx	X.Xx
Iridex	$24M	$X.XB	$53M	X.Xx	X.Xx
BrainCool	$23M	$X.XB	$5M	X.Xx	X.Xx
Promimic	$22M	$X.XB	—	X.Xx	X.Xx
NanoRepro	$22M	$X.XB	—	X.Xx	X.Xx
Medclair	$22M	$X.XB	—	X.Xx	X.Xx
Biosynex	$20M	$X.XB	—	X.Xx	X.Xx
Wellgistics Health	$19M	$X.XB	—	X.Xx	X.Xx
Renalytix	$19M	$X.XB	$3M	X.Xx	X.Xx
Genomtec	$18M	$X.XB	—	X.Xx	X.Xx
Boule Diagnostics	$17M	$X.XB	$55M	X.Xx	X.Xx
ViroGates	$17M	$X.XB	—	X.Xx	X.Xx
Advanced Medical	$17M	$X.XB	—	X.Xx	X.Xx
Clinical Laserthermia	$17M	$X.XB	$2M	X.Xx	X.Xx
Geratherm Medical	$16M	$X.XB	$18M	X.Xx	X.Xx
Modular Medical	$15M	$X.XB	—	X.Xx	X.Xx
Labo Euromedis	$15M	$X.XB	$45M	X.Xx	X.Xx
Vicarious Surgical	$15M	$X.XB	—	X.Xx	X.Xx
Allurion	$14M	$X.XB	$15M	X.Xx	X.Xx
Scandinavian Medical	$14M	$X.XB	$38M	X.Xx	X.Xx
Polyrizon	$14M	$X.XB	—	X.Xx	X.Xx
Observe Medical	$14M	$X.XB	—	X.Xx	X.Xx
Spineguard	$13M	$X.XB	$5M	X.Xx	X.Xx
Arcoma	$13M	$X.XB	$15M	X.Xx	X.Xx
Trinity Biotech	$13M	$X.XB	—	X.Xx	X.Xx
Sds Optic	$13M	$X.XB	—	X.Xx	X.Xx
Scandinavian Real Heart	$13M	$X.XB	—	X.Xx	X.Xx
Co-Diagnostics	$13M	$X.XB	$503K	X.Xx	X.Xx
Jana Medical Company	$12M	$X.XB	—	X.Xx	X.Xx
Bionano Genomics	$12M	$X.XB	$30M	X.Xx	X.Xx
Lifeward	$10M	$X.XB	$28M	X.Xx	X.Xx
Bluelinea	$10M	$X.XB	—	X.Xx	X.Xx
Bioretec	$10M	$X.XB	$4M	X.Xx	X.Xx
Scandinavian ChemoTech	$10M	$X.XB	$2M	X.Xx	X.Xx
AMA Corp	$9M	$X.XB	—	X.Xx	X.Xx
Lifecare	$9M	$X.XB	$102K	X.Xx	X.Xx
Zynex	$8M	$X.XB	—	X.Xx	X.Xx
BibbInstruments	$8M	$X.XB	—	X.Xx	X.Xx
Nestmedic	$8M	$X.XB	—	X.Xx	X.Xx
Pheton Holdings	$7M	$X.XB	—	X.Xx	X.Xx
Carmat	$7M	$X.XB	—	X.Xx	X.Xx
Neola Medical	$7M	$X.XB	$942K	X.Xx	X.Xx
Episurf Medical	$7M	$X.XB	—	X.Xx	X.Xx
CollPlant	$7M	$X.XB	$4M	X.Xx	X.Xx
Predict	$7M	$X.XB	—	X.Xx	X.Xx
enVVeno Medical	$7M	$X.XB	—	X.Xx	X.Xx
Iconovo	$7M	$X.XB	$682K	X.Xx	X.Xx
Spineway	$7M	$X.XB	—	X.Xx	X.Xx
Bio-Gate	$6M	$X.XB	—	X.Xx	X.Xx
ScandiDos	$6M	$X.XB	—	X.Xx	X.Xx
Redsense Medical	$6M	$X.XB	—	X.Xx	X.Xx
Inventionmed	$6M	$X.XB	—	X.Xx	X.Xx
Lucyd	$6M	$X.XB	$4M	X.Xx	X.Xx
Luxbright	$5M	$X.XB	—	X.Xx	X.Xx
SpectraCure	$4M	$X.XB	—	X.Xx	X.Xx
Phase Holographic	$4M	$X.XB	—	X.Xx	X.Xx
Zenicor Medical Systems	$4M	$X.XB	—	X.Xx	X.Xx
CM International	$4M	$X.XB	—	X.Xx	X.Xx
Qlife Holding	$3M	$X.XB	—	X.Xx	X.Xx
Invent Medic Sweden	$3M	$X.XB	—	X.Xx	X.Xx
PolarCool	$3M	$X.XB	—	X.Xx	X.Xx
Massmedica	$3M	$X.XB	—	X.Xx	X.Xx
Milton Essex	$3M	$X.XB	—	X.Xx	X.Xx
Modne Zakupy	$3M	$X.XB	—	X.Xx	X.Xx
PExA	$3M	$X.XB	—	X.Xx	X.Xx
Monivent	$3M	$X.XB	—	X.Xx	X.Xx
VibroSense Dynamics	$3M	$X.XB	—	X.Xx	X.Xx
PEPTONIC medical	$2M	$X.XB	—	X.Xx	X.Xx
Adiuvo Investments	$2M	$X.XB	—	X.Xx	X.Xx
SensoDetect	$2M	$X.XB	—	X.Xx	X.Xx
Perpetua Medical	$2M	$X.XB	—	X.Xx	X.Xx
BBS-Bioactive Bone	$2M	$X.XB	—	X.Xx	X.Xx
Work Medical Technology Group	$1M	$X.XB	—	X.Xx	X.Xx
Profusa	$1M	$X.XB	—	X.Xx	X.Xx
Nuwellis	$1M	$X.XB	$8M	X.Xx	X.Xx
Inhalation Sciences SWE	$1M	$X.XB	—	X.Xx	X.Xx
Epigenomics	$1M	$X.XB	—	X.Xx	X.Xx
EvokAI	$643K	$X.XB	—	X.Xx	X.Xx
Chordate Medical Holding	$65K	$X.XB	—	X.Xx	X.Xx
Remedent	$14K	$X.XB	—	X.Xx	X.Xx
Carbiotix	—	$X.XB	—	X.Xx	X.Xx
Oculis Holding	—	$X.XB	$3M	X.Xx	X.Xx