Curated News
By: NewsRamp Editorial Staff
February 03, 2025

Therma Bright gains traction in the US compression market with new Venowave orders

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Source News Release

TLDR

  • Therma Bright Inc. secured a $1.43 million purchase order for 1,750 Venowave VW5 units, solidifying its position in the US compression market.
  • Venowave VW5 received a permanent Healthcare Common Procedure Coding System (HCPCS) code E0683 for treating circulation issues in lower extremities, marking a critical milestone for Therma Bright Inc.
  • Therma Bright's Venowave VW5 provides a comfortable mobile treatment solution for patients, accelerating recovery periods and managing pain, contributing to better healthcare outcomes.
  • Therma Bright's Venowave VW5 is the only Medicare-approved, reimbursable, mobile mechanical compression system under HCPCS code E0683 in the US, offering innovative healthcare solutions.

Impact - Why it Matters

This news is crucial as it showcases Therma Bright's success in securing partnerships and orders for its innovative medical devices, positioning the company as a key player in the industry. The growth potential in the global compression therapy market highlights the significance of Therma Bright's advancements and the impact it could have on improving healthcare solutions for patients.

Summary

Therma Bright Inc. has made significant strides with its flagship product, Venowave VW5, receiving a permanent HCPCS code from CMS, marking a critical milestone. The company engaged potential distributors in pilot tests, leading to a signed LOI with DME Authority for a distribution program across the US. With new distribution partners like Valor Medical on board, Therma Bright is solidifying its position in the US compression market, buoyed by the projected growth in the global compression therapy market.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Therma Bright gains traction in the US compression market with new Venowave orders

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