⏰ TL;DR (Too Long; Didn't Read)

<aside> ☝ UMED develops innovative urology devices, including an automated bladder irrigation system (UroRinse Light) and a specialized catheter for drug delivery

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💡The Idea

• Manual bladder irrigation is time-consuming (60-80 minutes) and requires skilled medical staff
• To help patients and caregivers, UMED developed:
  • UroRinse Light, an automatic Intermittent Bladder Irrigation System. The system reduces irrigation time from 60-80 minutes to 5 minutes and standardizes treatment to reduce infection risk
  • UroAll Solution Catheter, a specialized catheter for direct drug injection into the urethra

🥇Benefits

• Decreased risk of infections due to reduced manual handling
• Significantly reduced treatment time (5 minutes vs. 60-80 minutes)
• Standardized and automated solution for consistent treatment
• Increased accessibility for home use
• Improved quality of life for patients with chronic bladder issues

💵Business Model

• Hardware: Sale of UroRinse Light devices to hospitals, nursing homes, and for home use
• Consumables:
  • Specialized solution caps (weekly replacement)
  • Catheters (already selling to hospitals in Korea)
  • Irrigation solutions (potential future product)
• Potential collaboration with pharmaceutical companies for developing irrigation solution additives

🌎Market data

• Approximately 1.4 billion catheters are sold per year globally. The global urinary catheters market, valued at $2.42 billion in 2023, is expected to appreciate and reach $3.4 billion by 2030 (source)