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Surmodics, Inc.: Business Overview, Financials & Competitive Analysis

Surmodics provides surface modification technologies for intravascular medical devices and chemical components for in vitro diagnostic immunoassay tests and microarrays. The company became a wholly owned subsidiary of...

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Surmodics, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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4/ 10Mixed

Cyborg Score thesis

Specialized medical coatings and diagnostics platform acquired by GTCR; facing margin compression but retains valuable IP in...

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Industry Medical Device Coatings & In Vitro Diagnostics
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: July 6, 2026
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Surmodics, Inc. Overview

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Surmodics provides surface modification technologies for intravascular medical devices and chemical components for in vitro diagnostic immunoassay tests and microarrays. The company became a wholly owned subsidiary of BCE Parent, LLC, an affiliate of GTCR LLC, on November 19, 2025.

Strategic Profile

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The company operates through two segments: Medical Device (surface modification and drug-delivery coating technologies for coronary, peripheral, neurovascular and structural heart applications) and In Vitro Diagnostics (diagnostic immunoassay and molecular tests). Proprietary surface modification and drug-delivery coating capabilities are licensed to medical device manufacturers.

Competitive Landscape

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Surmodics competes with larger diversified medical device companies (Medtronic, Boston Scientific) on specialized coating technologies and with diagnostics reagent suppliers. The company's differentiation lies in proprietary surface modification and drug-delivery coating capabilities that are licensed rather than sold directly, reducing direct competition exposure.

Industry Context

Surmodics, Inc. operates in Medical Device Coatings & In Vitro Diagnostics.

Key facts

Founded: 1987 · Headquarters: Eden Prairie, Minnesota · Employees: 389 · Revenue: $120M

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Cardiovascular segmentIntravascular devices and coronary solutions→Vascular interventionsIntravascular medical devices and stents→Diagnostic reagentsIVD immunoassay components and testing reagents→

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Industry context

Surmodics, Inc. operates in Medical Device Coatings & In Vitro Diagnostics. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Surmodics, Inc. do?+
Surmodics provides surface modification technologies for intravascular medical devices and chemical components for in vitro diagnostic immunoassay tests and microarrays. The company became a wholly owned subsidiary of...
What is Surmodics, Inc.'s Cyborg Score?+
Surmodics, Inc. has a Cyborg Score of 4/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Surmodics, Inc.'s main competitors?+
Named competitors include Cardiovascular segment, Vascular interventions, Diagnostic reagents. The full competitive landscape is in the AskCyborg report.
How can I get the full Surmodics, Inc. research report?+
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How current is the Surmodics, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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