Zynex Medical Electrotherapy Pain Management and Growth Strategy
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NexWave: Electrotherapy for Pain Management
Indications: Pain relief, augments healing, alleviates swelling through
increased blood circulation, muscle re-education, prevention of
muscle disuse atrophy, relaxation of muscle spasms
NexWave Electrotherapy reduces use of Opioids
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Only 23% of patients with chronic pain found opioids "very effective"¹
51% of people feel that they have no control over their pain²
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84% of patients were able to reduce medication use³
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Patients decreased the cost of medication by 50%³
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Nearly half reduced medication consumption by 50%³
NexWave
CH 1
CH 2
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Over 1.5 billion worldwide suffering from chronic pain
Effective post-orthopedic surgery
Requires a prescription & reimbursed by health insurance
Average reimbursement over order life including supplies = $1,5004
$950 million industry worldwide5
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Competitors shut down by Office of Inspector General (OIG)
76% gross profit margin in Q1 2021
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74% of revenue from supplies (electrodes/batteries) in Q1 2021
1)
The CHP Group (2014) The Cost of Chronic Pain: How Complementary and Alternative Medicine Can Provide Relief.
http://www.chpgroup.com/wp-content/uploads/2014/12/CHP-WP_CAM-Chronic-Pain_Sls_12.12.2014.pdf
2)
3)
4)
American Academy of Pain Medicine (2017) AAPM Facts and Figures on Pain. http://www.pain med.org/patientcenter/facts_on_pain.aspx
Chabal, et. al. Long-Term Transcutaneous Electrical Nerve Stimulation (TENS) Use: Impact on Medical Utilization and Physical Therapy Costs
Clinical Journal of Pain. The Clinical Journal of Pain. Vol 14, No 1. March 1998
Based on revenue from orders from 1/1/2018 through 6/30/2019
5) Market Research Future 2019
6)
Global Industry Analysts, Inc. (2011) Global Pain Management Market to Reach US$60 Billion by 2015, According to a New Report by Global
Industry Analysts, Inc. http://www.prweb.com/pdfdownload/8052240.pdf
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