Pain. Anyone who has ever had a
surgical procedure knows that after the procedure there is lots of postoperative pain. Medical care facilities have historically relied on the administration of narcotics to treat post-surgical pain, which sometimes includes side effects such as grogginess and
nausea. Enter Symbios.
Symbios is a medical device company that designs, manufactures, markets and sells pain management solution; Symbios’ current products, commonly known as disposable pain pumps, deliver post-operative
anesthetic pain medication (non-narcotic) to surgical sites, which according to Symbios is an economically an clinically superior way to treat pain management. Its products are used routinely on a daily basis by more than 65 medical care facilities (a number that is growing fast) as a post operative pain management solution for a wide variety of clinical procedures.
According to Symbios, a $3.2 billion opportunity exists in the acute care market for incisional surgeries and continuous
peripheral nerve blocks. Published studies indicate that less than ten percent of this $3.2 billion market is currently using disposable pain pumps. The balance of the market is either still prescribing systemic narcotics or is unaware of the relatively new development and advantages of pain pumps for post-surgical pain management. Because of this, Sybmios President Herb Senft is excited about the company’s potential:
Symbios is at an exciting point in its evolution. Our market is huge, and is growing 25% or more annually. We have a very competitive product with features that our customers really like and prefer. With national coverage through a series of independent distributors, our products are being introduced to hospitals nationwide. And we have an exciting new product in development that is already catching the attention of several large industry players
A solid product – and a huge and relatively untapped market – make Symbios an Indianapolis start-up to watch!
Pain. Anyone who has ever had a surgical procedure knows that after the procedure there is lots of postoperative pain. Medical care facilities have historically relied on the administration of narcotics to treat post-surgical pain, which sometimes includes side effects such as grogginess and nausea. Enter Symbios.
Symbios is a medical device company that designs, manufactures, markets and sells pain management solution; Symbios’ current products, commonly known as disposable pain pumps, deliver post-operative anesthetic pain medication (non-narcotic) to surgical sites, which according to Symbios is an economically an clinically superior way to treat pain management. Its products are used routinely on a daily basis by more than 65 medical care facilities (a number that is growing fast) as a post operative pain management solution for a wide variety of clinical procedures.
According to Symbios, a $3.2 billion opportunity exists in the acute care market for incisional surgeries and continuous peripheral nerve blocks. Published studies indicate that less than ten percent of this $3.2 billion market is currently using disposable pain pumps. The balance of the market is either still prescribing systemic narcotics or is unaware of the relatively new development and advantages of pain pumps for post-surgical pain management. Because of this, Symbios President Herb Senft is excited about the company’s potential:
Symbios is at an exciting point in its evolution. Our market is huge, and is growing 25% or more annually. We have a very competitive product with features that our customers really like and prefer. With national coverage through a series of independent distributors, our products are being introduced to hospitals nationwide. And we have an exciting new product in development that is already catching the attention of several large industry players
A solid product – and a huge and relatively untapped market – make Symbios an Indianapolis start-up to watch!
Related posts:
- Medical Device Start-Up, Nico Corporation, Raises $10MM
- Featured Start-Up – TrackPack Coolers LLC
- Featured Start-Up – Neighborino.com
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=52caff9f-efab-4460-af91-b5e3225481e1)
