Best Traditional Medical Devices Companies in Illinois, United States
The 34 best Traditional Medical Devices companies in Illinois, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: ReVision Optics.
Our analysis of 50 Traditional Medical Devices companies
$5.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Traditional Medical Devices companies in Illinois
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ReVision Optics Microscopic inlay for treating presbyopia | $150M | 119 mo ago | Series D | Randy Alexander President/Ceo | 1996 | — | 115 patents Corneal inlay implants, insertion tools, and delivery/storage systems for vision correction | — |
| 2 | Ohio Medical Manufacturer of medical gas and respiratory equipment | $62M | 129 mo ago | Acquired | — | 1916 | WordPress Block EditorElementorCart Functionality+39 | — | — |
| 3 | GE Healthcare Provider of materials management solutions for organizations 93Market top 12%Moat top 16%Funding top 18%Tech top 18% All 14 signals ▾Markettop 12% Moattop 16% Fundingtop 18% Techtop 18% Producttop 20% Fin. healthtop 21% Innovationtop 25% Patentstop 25% Partnerstop 27% Globaltop 29% Talenttop 32% Customerstop 38% Growthtop 45% Newstop 45% Market: 16,700 employees (top 4% of Traditional Medical Devices) · Revenue ~$20.6B Moat: Top 1% by revenue among 11 tracked Traditional Medical Devices companies · Editorial + unicorn rating 5/10 rank vs industry peers · Fliar Intelligence Index 93/100 | $29M | 14 mo ago | Public | Elie Chaillot President & CEO | International | 1892 | WordPressSentryApple iCloud Mail+40 | 425 patents AI-driven therapeutic prediction models and radiopharmaceutical synthesis for personalized medicine | — |
| 4 | HealthyStart Provider of oral appliances designed to promote arch development and teeth straightening | $4M | 220 mo ago | Funding Raised | — | 1986 | SummernoteQuillTinyMCE+26 | — | — |
| 5 | Artinis Medical Systems Manufacturer of near-infrared spectroscopy (NIRS) devices and related software. | $1M | 93 mo ago | Funding Raised | — | 2002 | Cart FunctionalitySquarespace CommerceSquarespace+24 | — | — |
| 6 | Arryx Provider of blood management solutions | $976K | 181 mo ago | Acquired | — | 2000 | — | 164 patents Microfluidic flow cytometry and immunodiagnostic sample processing devices | — |
| 7 | IntelliWheels Add-on component for manual wheelchairs | $570K | 146 mo ago | Seed | Marissa Siebel Co-Founder | 2010 | — | 10 patents Assistive wheelchair propulsion gear mechanisms and ergonomic hand‑rim accessories | — |
| 8 | Backpain Help Provider of back pain and posture correcting products | $461K | 82 mo ago | Seed | Mark Critchley Co-Founder & CEO | 2013 | — | — | — |
| 9 | Hollister Manufacturer of ostomy, continence, and critical care medical products | $289K | 173 mo ago | Early Stage | Danielle P CEO | 1921 | SitecoreSalesforceMicrosoft ASP.NET+21 | 3,292 patents Medical drainage devices: catheters, ostomy accessories, leakage detection, and related polymers | — |
Top 12 Traditional Medical Devices companies in Illinois
#1
Public · Chicago, Illinois · founded 1892 · 16700 employees$29.1Mraised▾
Provider of materials management solutions for organizations. The platform has broad expertise in medical imaging, information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, and performance improvement solutions, and more.
#2
Series D · Lake Forest, Illinois · founded 1996 · 86 employees$150Mraised▾
ReVision Optics is focused on the development of implantable products for the treatment of presbyopia. Its product Raindrop is a hydrogel corneal inlay to correct vision lost by the natural aging process called presbyopia. ReVision Optics was formerly known as IntraLens Vision until 2005. The company was founded in 1996 and is based in Lake Forest, California. The product has received the CE mark and is commercially available in Europe.
- Nov 2016Series D$32M
- Aug 2016Conventional Debt$10M
- Jul 2013Series D$55M
- May 2010Series C$35M
#3
Acquired · Gurnee, Illinois · founded 1916 · 283 employees$62.4Mraised▾
Manufacturer of medical gas and respiratory equipment. This company designs, manufactures, and distributes a wide array of products for medical and industrial applications. Their offerings include oxygen concentrators, suction regulators, flowmeters, and various other medical gas delivery systems. They also provide maintenance and repair services for their equipment. The company supports multiple industries, including medical device, medical gas, laboratory, industrial, construction, and OEM solutions. They offer replacement parts for their products and those of competitors.
- 2016Series A$10M
- Jan 2016PE—
- Jun 2013PE$22.4M
- Nov 2007PE$30M
#4
Funding Raised · Chicago, Illinois · founded 1986$4.5Mraised▾
Provider of oral appliances designed to promote arch development and teeth straightening. The system uses uniquely designed oral appliances worn daily or nightly. These appliances promote nasal breathing and widen dental arches. The system aims to develop the jaw naturally, all while straightening teeth.
- Jun 2008Grant (prize money)$4.5M
#5
Public · Mundelein, Illinois · founded 1966 · 1426 employees$33.9Kraised▾
Manufacturer and distributor of aprons, surgical gowns, uniforms, and other medical products
- Mar 2024Grant (prize money)$15.2K
- Feb 2024Grant (prize money)$18.7K
#6
Funding Raised · Evanston, Illinois · founded 2002 · 33 employees$1.2Mraised▾
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- Jan 2019Grant (prize money)$608.8K
- Nov 2018Grant (prize money)$302.9K
- Jan 2018Grant (prize money)$306.7K
#7
Acquired · Chicago, Illinois · founded 2000 · 10 employees$975.6Kraised▾
Developer of holographic optical trapping (HOT) technology for optically controlled measurement and manipulation in nanotechnology, biotechnology, physical and material sciences, and basic research industries. The company offers stand-alone and turnkey solutions for holo-tweezers, as well as kit-based packages for the implementation of holographic optical trapping.
- Sep 2011Grant (prize money)$360.7K
- Sep 2009Grant (prize money)$362.8K
- Sep 2008Grant (prize money)$252K
#8
Seed · Champaign, Illinois · founded 2010$570Kraised▾
IntelliWheels is a system that uses gear shifting in order to make pushing a wheelchair easier. The wheelchair user moves forwards, backwards, and turns by pushing on the hand rims on either side, along with two automatic transmissions which connect the hand rims to the wheels that are continuously changing gears in order to keep the user operating in an efficient way. IntelliWheels designs, manufactures, and sells this system as an add-on component for manual wheelchairs.
- Aug 2014Grant (prize money)$1.5M
- Oct 2013Seed$45K
- Aug 2012Seed$500K
- Aug 2012Grant (prize money)$1.6M
#9
Seed · Schaumburg, Illinois · founded 2013 · 4 employees$460.5Kraised▾
Backpain Help is a provider of back pain and posture correcting products. It provides a range of products that includes neck braces, back braces, spine aligners, backboards, and others for back pain. It also offers standing desks, posture supports to improve posture, balance, and performance by drawing the shoulders back and straightening the spine.
- Dec 2019Seed$460.5K
#10
Early Stage · Libertyville, Illinois · founded 1921 · 78 employees$289.4Kraised▾
Manufacturer of ostomy, continence, and critical care medical products. It offers a range of products designed to enhance the quality of life for individuals requiring these specialized medical supplies. Product lines include ostomy care products focused on skin health and security, continence care products providing comfort and discretion, and critical care products aimed at optimizing clinical and economic outcomes. The company also provides educational resources and support services for both product users and healthcare professionals. These services include learning centers with clinical education and quick educational tools.
- May 2012Unattributed$80.4K
- Aug 2011Unattributed$209.1K
#11
Funding Raised · Chicago, Illinois · founded 1953 · 849 employees—raised▾
Manufacturer of medical devices
#12
Acquired · Chicago, Illinois · founded 2002 · 485 employees—raised▾
Manufacturer of rehabilitation, clinical, and home care equipment & supplies
- 2012Series A—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Traditional Medical Devices coverage by sub-theme.
Regulatory-risk over time flat
Funding & growth over time
funding flat · growth rising
What Illinois researches in medical devices
- University of Illinois Urbana-Champaign19
- University of Illinois Chicago9
- Western Illinois University1
- Illinois College1
- Illinois Institute of Technology1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.