Breaking Ohio Business News: Top Companies to Watch Out for in 2021
Ohio has been a hub for innovative businesses over the years, with pioneers like Ohio Art Company and Goodyear Tire and Rubber Company setting the stage for others to follow. Fast forward to 2021, Ohio’s business landscape is rapidly evolving, with new and innovative companies emerging every day. In this article, we highlight some of the top companies to watch out for in Ohio in 2021.
1. Root Insurance Company
Root Insurance Company is a Columbus-based insurance company offering car insurance rates based on how people actually drive, rather than traditional factors like age, gender, and credit score. Root’s use of telematics makes it unique, as it gives customers an opportunity to prove their driving worth to get lower rates. Root also offers home insurance and is slowly expanding its business into other states.
2. Quality Electrodynamics
Quality Electrodynamics (QED) is a medical device company specializing in MRI coils, components that make MRI scans possible. QED is based in Mayfield Village, Ohio, and has managed to capture a large market share in the medical device industry by providing a range of products from pediatric to cardiac coils. The company is rapidly expanding internationally, allowing for increased market share.
3. Xellia Pharmaceuticals
Xellia Pharmaceuticals is a critical anti-infective company that produces generic and branded sterile injectables, APIs, and finished dosage forms. With facilities in Ohio, Norway, and Denmark, Xellia has been thriving since its establishment in 2008. Xellia manufactures many products, including vancomycin and colistin treatments for infectious diseases and antibiotics used in surgeries. This company is critical in supplying the healthcare industry while continuously expanding its product range and facilities.
4. Hyla Mobile
Hyla Mobile is a Cincinnati-based mobile device recycler and refurbisher, reimagining the life-cycle of mobile devices. The company works with major mobile carriers and retailers to process and redistribute over five million devices annually. Hyla Mobile’s commitment to the reuse and recycling of mobile devices means the reduction of e-waste and maintains a sustainable environment.
5. ScriptDrop
ScriptDrop, a Columbus-based startup, helps people manage their medication and makes prescription delivery to the comfort of their homes possible. ScriptDrop is integrated with pharmacies in all 50 states in the US, its services ensuring convenience, improving adherence to prescribed drugs, and increasing patient outcomes overall.
Conclusion
While these companies are a reflection of niche markets, their growth and development are significant indicators of Ohio’s business growth and the economy’s stability and potential. It’s essential to stay tuned to advancements and watch out for emerging companies that are consistently setting Ohio apart as a fertile environment for investment and business growth.
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