Innovize
Innovize is a B2B medical device contract manufacturer that converts flexible films, adhesives, and laminates into precision components for medical device OEMs across diabetes, cardiac, wound care, diagnostics, life sciences, and wearable sensor verticals, from facilities in Minnesota and Ireland.
- Company typePrivate
- Founded1958
- HeadquartersSaint Paul, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Innovize does
Innovize is a B2B medical device contract manufacturer specializing in precision converting of flexible materials — films, adhesives, and laminates — into components and subassemblies for medical devices. Founded in 1958 in Minnesota (originally as GML Specialties) and rebranded in 2009, the company has focused exclusively on the medical device sector since 2001. It serves medical device OEMs across diabetes care (continuous glucose monitors, insulin delivery), cardiac management (monitoring systems, defibrillators, pacemaker components), wound care, diagnostics (lateral flow, microfluidics, sweat sensors), life sciences (microplate sealing films), and wearable stick-to-skin sensors. Innovize operates from a three-building campus in Vadnais Heights, Minnesota (greater St. Paul) and, since April 2025, from Athlone, Ireland via the acquired Zenith Adhesive Components business. Headcount is reported at 101–250 employees.
Innovize's core capabilities are precision die cutting and laser cutting (with documented tolerances of 0.25 mm), laminating, printing, slitting, assembly, kitting, and final packaging, conducted in Class 8 cleanrooms. Production is enhanced by integrated vision systems providing 100% real-time inspection and by automation/robotics integration for throughput scaling. The company maintains ISO 13485:2016 certification, has participated in the FDA-recognized CMMI/MDDAP program since 2016, and holds preferred-converter status with major materials manufacturers including Solventum, Avery Dennison, and Flexcon. Headcount and capital intensity in inspection/automation exceed typical comparables of similar size.
The business model is custom contract manufacturing with quote-based pricing determined by materials, complexity, tooling, and volume; revenue is generated through engineering and development service fees, tooling/customization charges, and per-unit production pricing. Sales are direct enterprise B2B, supplemented by an active tradeshow presence (MEDevice Boston, MD&M West, MD&M Minneapolis, BIOMEDevice San Jose, Wearable USA) and technical content marketing. Innovize was acquired by Excel Scientific in 2022 and is part of the Vance Street Capital portfolio; in April 2025, Innovize and Excel Scientific jointly acquired Zenith Adhesive Components to expand into Europe.
Innovize firmographics
Firmographics- Name
- Innovize
- Legal name
- Innovize, LLC
- Website
- https://innovize.com
- Company type
- Private
- Founded year
- 1958
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Innovize is a B2B medical device contract manufacturer that converts flexible films, adhesives, and laminates into precision components for medical device OEMs across diabetes, cardiac, wound care, diagnostics, life sciences, and wearable sensor verticals, from facilities in Minnesota and Ireland.
- Ownership category
- akta.pro rank
Innovize industry classification
Industry- Product category
- Medical Device Contract Manufacturing
- NAICS
- Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113)
- SIC
- Surgical & Medical Instruments & Apparatus (3841)
- akta.pro primary industry
- Flexible Packaging Converting & Finishing (Slitting, Rewinding, Coating, Embossing) (IMALABAL)
- akta.pro secondary industry
- Finishing, Converting & Die-Cutting Services (IMALAKAN)
Keywords
Where Innovize is headquartered
LocationHeadquarters
- HQ city
- Saint Paul
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Innovize business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Contract Manufacturing Services: Custom development and manufacturing services for medical devices. Transforms film-based components into advanced finished products or component parts. Services include precision die and laser cutting, laminating, printing, slitting, assembly, kitting, and packaging. Revenue generated through manufacturing fees, tooling/customization charges, and per-unit production pricing based on volume.
- Custom Development Services: Product design and development services for medical devices including material recommendations, prototyping, design for manufacturability, regulatory support, and trial/testing support. Revenue generated through engineering and development service fees.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Innovize product offering
Product offeringCore offering
Innovize is a B2B contract manufacturer that converts flexible film-based materials into advanced finished components and finished products for the medical device industry. Core capabilities include precision die and laser cutting, laminating, printing, slitting, assembly, kitting, and final packaging, with operations in ISO 13485-certified Class 8 cleanrooms serving diabetes care, cardiac management, wound care, diagnostics, catheter, life sciences, and wearable sensor applications.
Product overview
Innovize is a contract manufacturer specializing in custom development and manufacturing for the medical device sector. The company transforms film-based components and flexible materials into advanced finished products or component parts, offering services including precision die and laser cutting, laminating, printing, slitting, assembly, kitting, and packaging. Innovize operates alongside Excel Scientific (microplate sealing films and foils) under the same portfolio, having acquired Zenith Adhesive Components in 2025 to expand European presence. The company's expertise spans multiple medical device verticals including diabetes care, wound care, cardiac management, diagnostics, catheter/venous access, and life sciences, with particular specialization in stick-to-skin wearable sensors. As a contract manufacturing service provider, Innovize does not offer a software platform but rather provides manufacturing capabilities and expertise to healthcare innovators.
Differentiator
Problem solved
Functional benefit
Products and services
- Medical Device Contract Manufacturing Services
Quantifiable outcome
- Precision tolerances of 0.25 millimeters on most sensitive projects
- +2 more outcomes
Companies that use Innovize
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Innovize technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Innovize partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Zenith Adhesive Components (ZAC)coreIrish contract manufacturer acquired in April 2025. Established in 2012 in Athlone, Ireland. Strong partnerships in medical, life science and high technology sectors. Founder Pat O'Neill and team bring critical expertise and ideal European location.
- Excel ScientificcoreParent company that acquired Innovize in 2022. Global supplier of microplate sealing films and foils for life science research, testing laboratories, biotech, pharmaceutical and diagnostic segments. Founded in 1992, headquartered in Victorville, California.
- M Health Fairview Masonic Children's HospitalminorPhilanthropic partnership supporting the hospital through fundraising events including annual Chip in for Children Golf Tournament, Chili Cookoff, May Baskets fundraiser. Associates create tie blankets, art therapy kits for patients and families. Part of ESG commitment.
- Materials Manufacturer PartnerscoreStrategic relationships with major materials suppliers including Solventum, Avery Dennison, Flexcon, DermaMed, Vybond, and Axel. Innovize is a preferred converter for these manufacturers, engaging in technical testing and application development.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Innovize competitors and assessment
Company assessmentDirect peers
- Phillips-Medisize: A medical device contract manufacturer (now part of Molex) that provides design, development, and manufacturing services including drug delivery, diagnostics, and medical device components. Closely comparable to Innovize in serving medical OEMs with specialized component and assembly manufacturing, including stick-to-skin and wearable applications.
- Integer Holdings: A medical device outsource manufacturer specializing in components and finished devices for cardiac, neuromodulation, and other medical markets. Directly comparable to Innovize as a focused medical device contract manufacturer with similar regulatory requirements and OEM customer base.
- Viant Medical: A pure-play medical device contract manufacturer offering design, engineering, and manufacturing services. Directly comparable to Innovize in providing OEM manufacturing services for medical device OEMs across multiple therapeutic areas.
- Cirtec Medical: A medical device contract manufacturer specializing in minimally invasive devices, neuromodulation, and active implantable components. Comparable to Innovize as a focused medical device contract manufacturer serving innovative OEMs with specialized component manufacturing.
- Scapa Healthcare: A medical adhesive and film-based solutions provider for wound care, wearable devices, and skin-contact applications. Closely comparable to Innovize in the flexible material and adhesive converting space for medical OEMs.
- Tessy Plastics: A medical device and component contract manufacturer with capabilities in injection molding, assembly, and packaging. Comparable to Innovize in serving medical device OEMs with custom manufacturing services and similar customer base.
Broad incumbents
- Flex (Healthcare Solutions): A large global contract manufacturer with a dedicated healthcare division serving medical device, diagnostics, and life sciences customers. Broader scale and full device assembly capabilities make it a competitor for larger OEM programs, with overlapping capabilities to Innovize in medical contract manufacturing.
- Jabil Healthcare: Jabil's healthcare division provides design, manufacturing, and supply chain services for medical devices, diagnostics, and pharmaceutical customers. A broad incumbent with overlapping capabilities to Innovize, particularly relevant for medical OEMs seeking scale manufacturing partners.
Regional players
- Donatelle: A Midwest-based medical device contract manufacturer serving Class II and Class III medical device OEMs. Regional peer with comparable Midwest roots and medical contract manufacturing focus, though broader in plastics and assembly beyond film-based components.
Others
- West Pharmaceutical Services: A global manufacturer of drug delivery components and containment systems including elastomeric and film-based components. While not a direct contract manufacturer for medical OEMs in the same way, it is comparable in producing specialized material-based components (films, seals) used in medical devices.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Innovize social profiles
Digital presenceInnovize compliance and trust
Trust signalCompliance3 records
Innovize financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innovize leadership team
Management profileNumber of profiles
Profiles9 records
Innovize subsidiaries and ownership
Company hierarchySubsidiaries1 record
Innovize funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innovize M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Innovize
What does Innovize do?
Innovize is a B2B contract manufacturer that converts flexible film-based materials into advanced finished components and finished products for the medical device industry. Core capabilities include precision die and laser cutting, laminating, printing, slitting, assembly, kitting, and final packaging, with operations in ISO 13485-certified Class 8 cleanrooms serving diabetes care, cardiac management, wound care, diagnostics, catheter, life sciences, and wearable sensor applications.
Is Innovize a public or private company?
Innovize is a private company. It is classified as private equity controlled and is currently operating.
When was Innovize founded?
Innovize was founded in 1958. It employs 101 to 250 people.
Where is Innovize based?
Innovize is headquartered in Saint Paul, United States, in the North America region.
How does Innovize make money?
Two revenue lines are on record. Contract Manufacturing Services are the primary driver. The others are custom Development Services.
Who are Innovize's main competitors?
Direct peers on record are Phillips-Medisize, Integer Holdings, Viant Medical, Cirtec Medical, Scapa Healthcare and Tessy Plastics. Broad incumbents are Flex (Healthcare Solutions) and Jabil Healthcare. Donatelle is listed as a regional player. West Pharmaceutical Services is listed as an others.
Does Innovize have an API?
No public API is recorded for Innovize.
What industry is Innovize in?
Innovize's product category is Medical Device Contract Manufacturing. Its primary akta.pro industry code is IMALABAL, Flexible Packaging Converting & Finishing (Slitting, Rewinding, Coating, Embossing), with a secondary code of IMALAKAN, Finishing, Converting & Die-Cutting Services. Its NAICS code is 339112 and its SIC code is 3841.