The startup develops a wearable active compression device that utilizes proprietary technology and smart materials to provide electric pulse-driven compression and massage for the legs. This device offers an affordable treatment option for elderly patients with chronic venous insufficiency, addressing issues such as swelling, blood clots, and leg ulcers.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Chronic venous insufficiency and related conditions like lymphedema, blood clots, and leg ulcers affect a large population, particularly the elderly, leading to swelling, pain, and reduced mobility. Existing compression therapies often suffer from low patient compliance due to discomfort, inconvenience, and limited portability. This results in suboptimal treatment outcomes and increased healthcare costs.
Solution
ElastiMed offers a wearable active compression device that utilizes proprietary Electroactive Polymer (EAP) artificial muscle technology to deliver dynamic compression and autonomous limb massage. The battery-operated, low-profile device is designed for comfortable, discreet wear, promoting improved circulation and addressing various medical conditions. Controlled by a mobile app, the device allows for personalized treatment recommendations and remote care, enhancing patient compliance and enabling better management of venous and lymphatic diseases. ElastiMed's solution provides clinical-grade compression in a portable, silent, and easy-to-use form factor, suitable for at-home use.
Target Audience
The primary target audience includes elderly patients suffering from chronic venous insufficiency, lymphedema, venous edema, blood clots, chronic wounds, and ligament sprains, as well as clinicians seeking to improve patient compliance with compression therapy.
Features
- Active dynamic compression using Electroactive Polymer (EAP) artificial muscles
- Mobile app for personalized treatment recommendations and remote monitoring
- Low-profile, comfortable design for improved patient compliance
- Battery-operated and fully portable for convenient at-home use
- Silent operation with no moving parts
- Available in full leg, lower leg, and arm form factors
- End-to-end solution for better disease management and real-time feedback