FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Endonovo Therapeutics Announces First SofPulse® Sales to a Veterans Medical Center.”
Endonovo Therapeutics, Inc. (OTCQB: ENDV) (“Endonovo” or the “Company”) today announced initial sales of SofPulse® units into a VA hospital in Texas.
About Endonovo Therapeutics Endonovo Therapeutics, Inc. is a commercial-stage developer of noninvasive wearable Electroceuticals® therapeutic devices. The Company’s current portfolio of commercial and clinical-stage wearable Electroceuticals® therapeutic devices addresses wound healing, pain, post-surgical pain and edema, cardiovascular disease, chronic kidney disease, and central nervous system (CNS) disorders, including traumatic brain injury (TBI), acute concussions, post-concussion syndrome and multiple sclerosis. The Company’s noninvasive Electroceutical® therapeutic device, SofPulse®, which uses pulsed short-wave radiofrequency at 27.12 MHz, has been FDA-cleared and CE marked for the palliative treatment of soft tissue injuries and post-operative pain and edema and has CMS national coverage for the treatment of chronic wounds. The Company’s current portfolio of preclinical-stage Electroceuticals® therapeutic devices addresses chronic kidney disease, liver disease non-alcoholic steatohepatitis (NASH), cardiovascular and peripheral artery disease (PAD), and ischemic stroke. The Company’s noninvasive, wearable Electroceuticals® therapeutic devices work by restoring key electrochemical processes that initiate anti-inflammatory and growth factor cascades necessary for healing to occur. www.endonovo.com.
The medical technology industry includes various segments such as instruments, apparatuses, and machines that are used in the prevention, diagnosis or treatment of illness or disease. Additionally, they can also aid in detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purposes. The medical device industry often operates in conjunction with several other industries such as microelectronics, telecommunications, instrumentation, biotechnology, and software development. These cross industrial collaborations have led to significant technological advances in recent years, including neuro-stimulators, stent technologies, biomarkers, robotic assistance, and implantable electronic devices. Innovation fuels the medical device market, therefore, major investment in Research and Development is part of the formula for many companies involved; as discovering better ways to treat and diagnose medical conditions is key to success, especially when considering patient life expectancy and the increasing aging populations globally.
And according to data, the United States is still the largest medical device market, with a value of USD 156 Billion, which is 40% of the global industry in 2017. Research provided by SelectUSA, a U.S. government-wide program led by the U.S. Department of Commerce, projects that by 2023, the medical device market is expected to grow to USD 208 Billion.
An example of the innovative progress in the medical devices market can be seen in the subsector of Electroceuticals, a new category of therapeutic agents which act by targeting the neural circuits of organs. Electroceutical therapy works by mapping the neural circuitry and delivering neural impulses to these specific targets. The impulse is administered via an implantable device. ScienceDirect describes Electroceuticals is a recently coined term that broadly encompasses all bioelectronic medicine. It includes any type of electrical stimulation to affect and modify functions of the body; neural implants such as cochlear implants, retinal implants or spinal cord stimulators for pain relief but also cardiac pacemakers and implantable defibrillators. Recently, the field has expanded to include deep brain stimulation and the electrical stimulation of the vagus nerve, historically cited as the pneumogastric nerve, which interfaces with the parasympathetic control of the heart, lungs, and digestive tract. Increasing investments in the development of advanced bioelectric medicine is a major factor supporting the growth of the electroceuticals market. And the global electroceuticals/bioelectric medicine market size is expected to reach USD 28.5 Billion by 2026 while expanding at a CAGR of 7.4% according to a report by Grand View Research, Inc.
For more information, please visit: Endonovo Therapeutics, Inc.
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