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Elastimed

Elastimed

ElastiMed has developed a wearable medical device, which is designed to improve circulation in the legs for the treatment of venous and lymphatic diseases. Based on proprietary technology that utilize...s innovative smart materials, ElastiMed’s battery operated device continuously massages the legs throughout the day. The device is expected to provide a comfortable, easy-to-wear and effective treatment option to treat leg swelling, ulcers, prevent blood clots, reduce recovery time and more. Chronic leg swelling (edema), which is caused by poor circulation, affects more than 7.4 million people in the United States alone. Edema may result from old age, cancer treatments, poor diet, or pregnancy. Blood clots, which are formed in the legs (DVT, deep vein thrombosis), affect over 790,000 people in the United States and EU. Applying constant or changing external pressure on the legs has been proven to be a highly effective treatment to improve circulation and reduce swelling. With a more than 60% non-compliance rate for existing treatment options, ElastiMed’s device is aimed at improving patient compliance with a comfortable, highly effective clinical treatment.

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About Elastimed

Founded

2013

Estimated Revenue

$1M-$10M

Employees

11-50

Funding / Mkt. Cap

$4M

Category

Industry

Medical Devices

Location

City

Yoqne`am `Illit

State

Northern District

Country

Israel

Tech Stack (47)

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