NeuroMetrix Inc.

Company Snapshot

Founded: 1996
Entity Type: Public
Employees: 26
Region: U.S.
Revenue: $5.9 Millions
Revenue Year: 2023
Headquarter: Massachusetts, U.S.
Key Geographics: U.S.
Corporate Address: 4B Gill Street, Woburn, Massachusett- 01801 U.S. Tel. +1-781-890-9989 www.neurometrix.com

Company Overview

Founded in 1996, NeuroMetrix offers a range of neurostimulation-based medical devices that stimulate nerves and analyze nerve response for diagnostic and therapeutic purposes. Its two main product categories are point-of-care neuropathy diagnostic tests and wearable neurostimulation devices.

Quell is an FDA-approved wearable OTC TENS device for management of chronic intractable pain. It can be used while active or while sleeping. It consists of an electronic device placed in a neoprene band worn on the upper calf, an electrode that works as an interface between the device and the skin, and a smartphone app to control the device and manage data relating to chronic pain and health. It can be paired with a smartphone or Apple watch. The DPN (diabetic peripheral neuropathy) Check is a point-of-care testing technology for peripheral neuropathies. Advance is indicated for evaluation of entrapment and systemic neuropathies.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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NeuroMetrix Inc. In Reports

Neurostimulation: Technologies and Global Markets

BCC Research Market Report says global neurostimulation devices market should reach $11.7 billion by 2028 from $8.2 billion in 2023 at a compound annual growth rate of 7.4%.

Smart Medical Devices: Global Markets

The global market for smart medical devices reached $56.4 billion in 2021 and should reach more than $122.8 billion in 2026, with a CAGR of 16.8%.

Chronic Disease Management: Therapeutics, Device Technologies and Global Markets

BCC Research Market Report for Chronic Disease Management. Global Chronic Disease Management market trends, with CAGRs through 2026.

Company's Business Segments

  • Medical equipment and consumables : This segment includes only two products, Point-of-care Diagnostic Tests for Peripheral Neuropathies, Wearable Neurostimulation Devices for Chronic Pain.

Applications/End User Industries

  • Biomedical Engineering
  • Neurostimulation
  • Digital Medicine
  • Medical Devices
  • Diagnostics
  • Therapeutics
  • Peripheral Neuropathies
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