How Medtech Companies in Colorado Springs are Transforming Healthcare
What do sports, wellness, manufacturing, technology, and the armed forces have in common? They are all supported by the growing healthcare industry in Colorado Springs. Medtech companies like Siemens, Philips, and DePuy Synthes (a Johnson & Johnson company) are modernizing everything from patient intake to COVID-19 treatment.
Pyxant Labs was founded in Colorado Springs, offering FDA-regulated bioanalytical services including research, development, and validation services to support early-stage drug discovery. The lab also supports pre-clinical studies and trial sample analysis.
Several medical companies have also chosen to locate in Colorado Springs. DpiX — a leader in high-resolution imaging solutions — originated in Silicon Valley but opted for Colorado Springs’ business-friendly climate for medical, industrial, and military clients. Bal Seal Engineering also chose the region for one of its two U.S. locations. The company manufactures innovative medical technologies such as springs, seals, and contacts for use in surgical tools, custom orthopedic limbs, and implantable parts.
As one of the healthiest states in the U.S. with a top 10 ranking for preventative medical and dental treatment, it’s no wonder almost 12,000 engineers, specialists, and technicians build their careers in the Pikes Peak region. Read on to see why more than 46,000 medtech and healthcare professionals choose employment in Colorado Springs’ growing medical industries.
Talent finds a home in Colorado Springs
Colorado Springs is the third most health-conscious city in the U.S. according to ValuePenguin, making the region an attractive option for employers in health-related fields. A passion for helping others drives much of the city’s workforce — from veterans returning to civilian life to the many students attending local colleges in health-related fields of study.
Within Colorado Springs, five universities and colleges have been certified as Centers of Academic Excellence by the National Security Agency. This is especially important as cybersecurity has been noted as a leading hazard for the medtech industry in 2022.
Health sciences education is offered at four- and two-year colleges throughout the Pikes Peak region, including the University of Colorado Colorado Springs’ (UCCS) Beth-El College of Nursing and Health Sciences. Here, students pursue education in physiology, nutrition, wellness, and other areas. Through the William J. Hybl Center, UCCS was also able to expand its exercise science program to 1,000 students and the human anatomy and physiology program to 500 students. Colorado College is also one of the most innovative schools in the U.S., preparing students for the workforce in neuroscience, kinesiology, human biology, and molecular biology.
Philips: A Global Leader in Medtech
One of the biggest corporations shaking up the medtech industry in Colorado Springs is Philips — a company that began its technological expertise over a hundred years ago with lightbulbs. Now, the brand is a global leader in innovative health tech solutions with over 64,000 patents to its name, including CT scanners, MRI scanners, X-ray equipment, and more.
In 2017, the Netherlands-based company acquired Spectranetics in Colorado Springs for $2.2 billion to further its image-guided therapy business and build its position in a $7 billion growth market. The company’s co-founder, Robert Golobic, was an electrical engineering instructor at the University of Colorado Colorado Springs and spent years researching high-energy laser weapon technology at the Air Force Academy.
Forbes recognized Philips as a top Place to Work in its ranking of America’s Best Large Employers for 2022. Boston Consulting Group’s 2020 annual report also ranked Philips among the top 25 innovative medtech companies in the world. By focusing on providing better health outcomes including lower health care costs and an improved staff/patient experience, Philips aims to improve 2.5 billion lives by 2030 — including 400 million in underserved communities.
The health technology industry in Colorado Springs is committed to life-changing innovations that positively impact health and well-being. Read more about how healthcare inspires meaningful work throughout the region and visit our jobs page to find a medtech or healthcare job in Colorado Springs.