Tactile Systems Technology Inc - Company Profile

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Tactile Systems Technology Inc: Segment Analysis

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Business Description

Tactile Systems Technology Inc (Tactile Medical) develops, manufactures, markets, and distributes medical devices for the treatment of chronic vascular diseases at home. The company’s proprietary products advance the standard of care for the treatment of lymphedema and chronic venous insufficiency. The company classifies its business operations into two product categories, namely, the Lymphedema and Airway Clearance. Tactile Medical's primary activities include the development, manufacturing, and distribution of at-home healthcare solutions. Tactile Medical distributes its products based on the direct-to-patient and provider model. It distributes its products directly to customers through a direct sales force. Its direct-to-patient model includes direct sales force, contracts with at-home trainers, reimbursement capabilities and medical expertise to expand awareness. The company operates primarily in the US and serves the healthcare industry, including vascular surgeons, oncology care teams, and respiratory therapists. The company also utilizes a durable medical equipment (DME) distribution model for its respiratory therapy products. Tactile Medical has its manufacturing activities located in Minneapolis, Minnesota, where it conducts quality inspection, assembly, packaging, warehousing, and shipping of its products.

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R&D Overview

The company’s R&D focuses on the innovation and development of advanced products for the customers in the area of chronic disease, especially lymphedema, cancer-related lymphedema, chronic venous insufficiency, bronchiectasis and other chronic respiratory conditions. Its development activities include the scientists, clinical monitors and project managers with expertise in pneumatics, electronics, garment design, embedded software, mechanical design, sensors, manufacturing technologies and clinical trial management. It focuses on providing increasing efficacy, enhancing design for ease-of-use, improving clinical functionality and lowering production costs of its solutions. In FY2024, the company spent US$8.8 million on its R&D activities, which as a percentage of revenue stood at 3% and grew 12.8% YoY. As of December 2024, the company owned 171 issued patents globally, including 65 issued US patents. It also consists of 240 pending patent applications, of which nine are pending patent applications in the US. It owns US patents from 2025 to 2040.


Product Categories

Overview

It is a portable, battery-powered wearable vest that helps in treating patients with chronic respiratory conditions such as chronic obstructive pulmonary disease-associated breathing conditions like bronchiectasis, conditions resulting from neuromuscular disorders and cystic fibrosis, by managing airway clearance. Kylee, a free mobile application to help patients learn about lymphedema symptoms and treatment and share the progress with their doctor

Performance

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Overview

Consists of a lymphedema product are the Flexitouch and Entre systems. The Entre System delivers intermittent sequential compression therapy to reduce blood pooling and excess lymphatic fluid. The home treatment system has multiple settings to deliver a prescribed treatment customized to meet the patient’s needs. This product can be used by patients who require a simple pump rather than an advanced compression device such as the Flexitouch System. It is a fully automated, programmable, advanced pneumatic compression device designed for the treatment of lymphedema in a home setting. It consists of an electronic controller unit offering 17 treatment settings and multiple contoured garment configurations for the trunk, head, chest, neck, and arm. The company intends to continue expansion through direct sales.

Performance

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Other Break-up

Performance

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Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Gain a 360-degree view of Tactile Systems Technology Inc and make more informed decisions for your business Gain a 360-degree view of Tactile Systems Technology Inc and make more informed decisions for your business Learn more

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