Electromed

Electromed

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Private Company

Total funding raised: $25M

Market Cap: $221.4MFounded: 1992Employees: 100-250HQ: New Prague, United States

Overview

Electromed is a mission-driven, publicly traded medical device company with a 30-year history of dedicated innovation in airway clearance therapy. The company has achieved niche market leadership with its SmartVest system, demonstrating a proven strategy of U.S.-based manufacturing, direct-to-patient support via respiratory therapists, and continuous product refinement. Its core focus is on expanding access to its clinically validated HFCWO therapy to improve patient outcomes and reduce healthcare costs associated with chronic respiratory diseases.

RespiratoryBronchiectasisCOPD

Technology Platform

Proprietary High Frequency Chest Wall Oscillation (HFCWO) technology, delivered via an inflatable vest and air pulse generator, to mechanically loosen and clear mucus from the airways.

Funding History

2
Total raised:$25M
Debt$10M
IPO$15M

Opportunities

Electromed is positioned to capitalize on the growing prevalence of bronchiectasis and COPD, coupled with a healthcare system increasingly focused on value-based care and reducing hospitalizations.
The shift towards home-based care and the potential for international market expansion provide additional long-term growth avenues.

Risk Factors

Key risks include heavy dependence on U.S.
insurance reimbursement policies (particularly Medicare), concentration in a single product category, and competition from both direct HFCWO rivals and alternative airway clearance modalities.
Technological disruption remains a long-term threat.

Competitive Landscape

Electromed's primary direct competitor is Baxter's Vest system. It also competes with alternative airway clearance modalities like PEP devices. Its competitive advantages are its singular focus, strong clinical evidence in bronchiectasis, U.S. manufacturing, and direct respiratory therapist support model.

Company Timeline

1992Founded

Founded in New Prague, United States

2010IPO

IPO — $15.0M

2018Debt

Debt: $10.0M