Medical technology company Therma Bright Inc. is making significant strides in the compression therapy market through strategic distribution partnerships and innovative product development. The company’s flagship product, Venowave VW5, a lightweight and compact medical compression pump, has received a permanent Healthcare Common Procedure Coding System (HCPCS) code from the U.S. Centers for Medicare and Medicaid Services.
The Venowave VW5 is currently the only Medicare-approved, reimbursable mobile mechanical compression system in the United States. This FDA-designated Durable Medical Equipment device offers patients a simple and comfortable treatment solution for managing post-operative recovery, pain, and swelling issues.
Recent distribution partnerships have bolstered the company’s market position. DME Authority, a national medical device distributor, has committed to a substantial inventory purchase, including an initial order of 1,750 Venowave VW5 units, representing potential HCPCS code reimbursements of approximately $1.43 million. Another national distributor, Valor Medical, has also placed an initial order for 100 units, with potential for regular future purchases.
The global compression therapy market presents significant growth opportunities. According to Straits Research, the market was valued at $4.18 billion in 2024 and is projected to reach $6.72 billion by 2033, with a compound annual growth rate of 7.30%.
Beyond the Venowave VW5, Therma Bright is developing additional innovative medical technologies. The company is pursuing FDA classification for its acoustic AI Digital Cough Technology (DCT), a remote therapeutic monitoring solution designed to help healthcare providers and epidemiologists collect and analyze respiratory data.
These strategic moves position Therma Bright as an emerging player in the medical device technology sector, with potential for continued expansion and innovation in compression therapy and remote monitoring solutions.
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