Innova Medtec

What Innova Medtec does

Innova MedTec is a Plymouth, Minnesota-based medical device contract development and manufacturing organization (CDMO) founded in 2023 that develops and manufactures minimally invasive implantable and catheter-based medical devices on behalf of medical device OEMs and startups. The firm delivers an integrated, full-lifecycle service offering spanning five core service lines — Concepts & Feasibility, Design & Development, Regulatory Affairs, Verification Testing, and Manufacturing — executed under a proprietary Product Development Process optimized for ISO requirements and development speed. Underlying technology capabilities cover complex catheter systems, catheter shaft and delivery technologies (braiding, coiling, polymer materials, lubricious coatings), balloon systems (supported by in-house extrusion expertise), implants in metallics (nitinol, stainless steel, titanium) and bio-absorbable polymers, and gene therapy delivery systems, serving therapeutic markets across cardiology, peripheral vascular, neuro, structural heart, GI, urology, and gene therapy.

The company operates a B2B, consultative enterprise sales motion targeting medical device companies that lack internal engineering, regulatory, or manufacturing capacity. Revenue is generated through project-based engagements and multi-year manufacturing contracts priced via custom quotes dependent on device complexity, regulatory pathway, and manufacturing volume. The firm is privately held, founder/management-owned with no disclosed institutional capital, and is led by a leadership team with prior exits to Boston Scientific (Atritech/Watchman), Surmodics (NorMedix), J&J (Angioguard), and CR Bard (Navarre Biomedical). Innova MedTec holds ISO 13485 certification (achieved 2025), maintains 1-10 employees at its Plymouth headquarters at 15301 Highway 55, Suite B, and currently serves customers only within the United States.

The business model is professional-services driven with a stated emphasis on retained manufacturing relationships following development engagements, providing both near-term project fees and longer-tail recurring manufacturing revenue potential. Distribution is direct-to-business with no resellers or marketplace channels, and primary marketing relies on the company website and organic SEO. No customer logos, revenue figures, funding rounds, partnerships, or M&A activity are publicly disclosed.

Name

Innova Medtec

Legal name

Innova MedTec

Website

https://innovamedtec.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Innova MedTec is a Plymouth, Minnesota-based medical device CDMO that develops and manufactures minimally invasive implantable and catheter-based devices for medical device OEMs and startups across cardiology, vascular, neuro, GI, urology, and gene therapy markets.

Ownership category

akta.pro rank

Product category

Medical Device Contract Development & Manufacturing

NAICS

Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Connected Therapeutics & Smart Drug Delivery Monitoring (HLACAFAL)

Keywords

• Medical device development
• Contract medical manufacturing
• Catheter system design
• Implantable device engineering
• Regulatory affairs services

Headquarters

HQ city

Plymouth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Medical Device Development Services: Full-service medical device product development from concept through commercialization, including feasibility studies, design and development, regulatory affairs support, verification testing, and manufacturing. Revenue generated through project-based engagements and long-term manufacturing contracts with medical device companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Innova MedTec is a medical device contract development and manufacturing organization that provides end-to-end product development services for minimally invasive implantable and catheter-based medical devices. The company's offering spans five integrated service stages — Concepts & Feasibility, Design & Development, Regulatory Affairs, Verification Testing, and Manufacturing — supported by specialized technology capabilities in catheter systems, balloon systems, implants, and gene therapy delivery systems.

Product overview

Innova Medtec is a medical device development and manufacturing support company offering a unified platform of services spanning the entire product lifecycle. The core offering combines Concepts & Feasibility, Design & Development, Regulatory Affairs, Verification Testing, and Manufacturing services, supported by specialized technology capabilities in Complex Catheter Systems, Catheter Shaft and Delivery Technologies, Balloon Systems, Implants, and Gene Therapy Delivery Systems. Their integrated approach delivers medical devices from early-stage prototyping through clinical studies to product launch, serving cardiovascular, structural heart, peripheral vascular, neuro, GI, urology, and gene therapy markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Concepts & Feasibility
• Design & Development
• Regulatory Affairs
• Verification Testing
• Manufacturing

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Integer Holdings: Integer Holdings is one of the largest medical device contract development and manufacturing organizations (CDMOs), offering design, development, and manufacturing services for catheters, leads, and implantable devices across multiple therapeutic areas—directly comparable to Innova MedTec's full-service CDMO platform.
• Tegra Medical: Tegra Medical is a medical device contract manufacturer offering prototyping, design, manufacturing, and assembly for minimally invasive devices including catheter and implant products. Comparable to Innova MedTec's end-to-end CDMO model serving interventional and implantable device OEMs.
• Viant Medical: Viant Medical is a full-service medical device contract manufacturer providing design, engineering, and manufacturing services for orthopedic and minimally invasive surgical devices. Its end-to-end service model and interventional device focus mirror Innova MedTec's positioning.
• SteriPack Group: SteriPack is a medical device contract manufacturer specializing in minimally invasive delivery systems, catheters, and sterile-packaged devices. Comparable niche CDMO with similar interventional device focus.
• Surmodics: Surmodics is a medical device CDMO with deep expertise in catheter-based delivery systems, surface coatings, and in vitro diagnostics. CEO Gregg Sutton's prior VP R&D role at Surmodics makes it a directly comparable peer serving similar interventional and OEM customers.
• Resolution Medical: Resolution Medical provides contract design, development, and manufacturing for catheter-based and minimally invasive medical devices. VP R&D Bryan Goh's prior tenure at Resolution Medical makes it a closely comparable peer.
• Nordson Medical: Nordson Medical provides component and device design, development, and manufacturing solutions for interventional and minimally invasive medical devices including catheter systems. VP R&D Bryan Goh's prior tenure at Nordson underscores direct comparability with Innova MedTec's catheter and delivery system focus.

Broad incumbents

• Jabil Healthcare: Jabil Healthcare is a large-scale contract manufacturer offering medical device design, manufacturing, and supply chain services across multiple therapeutic areas. It serves as a broad incumbent peer with overlapping capabilities but operates at vastly greater scale and with much broader service breadth than Innova MedTec.
• Flex (Flex Health Solutions): Flex is a global contract manufacturer with a dedicated Health Solutions business serving medical device OEMs with design, manufacturing, and supply chain services. It is a broader incumbent offering overlapping capabilities but at vastly greater scale and geographic reach than Innova MedTec.

Emerging players

• Switchback Medical: Switchback Medical is an early-stage medical device CDMO focused on catheter and delivery system development. Comparable emerging player with similar size and interventional device focus, with overlap in talent pool given Bryan Goh's prior affiliation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/innova-medtec

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innova Medtec