Tactile Systems Technology Inc - Company Profile
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Business Description
Tactile Systems Technology Inc (Tactile Medical) develops, manufactures, markets, and distributes innovative medical devices for the treatment of chronic vascular diseases at home.
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R&D Overview
The company’s R&D intended to develop the innovation and advanced products for the customers in area of chronic disease, especially lymphedema, cancer-related lymphedema, chronic venous insufficiency, bronchiectasis and other chronic respiratory conditions. It’s development activities includes 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 to provide the increasing efficacy, enhancing design for ease-of-use, improving clinical functionality and lower production costs of its solutions. The company also aims on the competitors’ products. In FY2022, the company spend on the research and development of US$7.1 million which is 2.9% of the company’s total revenue. The company owns the 188 issued patents over the world including 62 issued US patents. It also consists of 30 pending patent applications in which 9 were pending patent applications in the United States. Its owns US patents between 2023 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 asymptoms 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 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 the arm. The company intends to continue expansion through direct sales.
Performance
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