MedTech Rules MIT 'Smartest Companies' List

MIT Technology Review's list of the “50 Smartest Companies 2014” features quite a few medical device and healthcare technology innovators.

The list, compiled by the magazine's editors, is meant to “highlight companies that have displayed impressive innovations in the past year. It is not based on quantitative measures such as patents or R&D spending.”
Second Sight's Argus II retinal prosthesis earned the company a spot on MIT's Smartest Companies list.
Taking the No. 1 spot is Illumina, San Diego-based genome-sequencing company. Illumina's DNA sequencing machines as well as its analysis technology (which includes an iPad app) has captured the company over 70% of the genome sequencing market and, according to MIT Technology Review, "is poised to be what Intel was to the PC era—the dominant supplier of the fundamental technology.”
Retinal prosthesis pioneer Second Sight hit the list at number 20. The company had a banner year in 2013 when its retinal prosthesis, which is being called the world's first bionic eye, hit the market in the United States and Europe.
Medtronic also appeared at spot 37. The magazine praised the company for its efforts in innovating implantable devices – particularly with its new leadless pacemakers - the world's smallest.
Other medtech-related companies to make the list include Biotech VC firm Third Rock Ventures, fitness tracking company Jawbone, and Genomics England, whose mission is to integrate genome sequencing into the UK's healthcare system.
While other companies on the list do not make medtech or healthcare their core business many have ventured into creating healthcare products and services or have had their products utilized for medical purposes.
Google Glass has been touted by many as the next must-have device for health tracking and monitoring. Samsung has also recently entered the health and fitness tracking market with its Galaxy Gear smartwatch.
Qualcomm is well known for its 2Net platform seeking to link medical devices and hospital networks. Siemens has its own healthcare devision and produces innovative medical devices. IBM has held up the potential of its Watson supercomputer for healthcare applications. Semiconductor manufacturer, Freescale has worked with device makers. Even Oculus VR, a video game hardware manufacturer first and foremost has seen its innovative Oculus Rift virtual reality headset being used in a clinical setting.
Visit MIT Technology Review to see the full list of 50 Smartest Companies [LINK]
-Chris Wiltz, Associate Editor, MD+DI