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Myomo Inc's Business Segments
Myomo Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
10
Largest Segment
Reporting
Total Revenue
$ 10
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Reporting0%
- Product revenue Reporting0%
- Direct to Patient72.4%
- Clinical Medical Providers29.7%
- Product revenue CMS0%
- Non-US0%
- Non-US Accounts Receivable0%
- CMS0%
- Accounts Receivable0%
- Maximum0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reporting | $ 10 | - |
| Product revenue Reporting | $ 10 | - |
| Direct to Patient | $ 7 | 72.4% |
Annual Results
Revenue Share by Reportable Segment - FY
- Reporting0%
- Product revenue Reporting0%
- Direct to Patient72.4%
- Clinical Medical Providers29.7%
- Product revenue CMS0%
- Non-US0%
- Non-US Accounts Receivable0%
- CMS0%
- Accounts Receivable0%
- Maximum0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reporting | $ 10 | - |
| Product revenue Reporting | $ 10 | - |
| Direct to Patient | $ 7 | 72.4% |
7 more segments available
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Description of Myomo Inc
Myomo Inc, also known as Myomo, is a medical technology company that designs, develops, and manufactures powered orthotics for individuals with neuromuscular disorders. The company was founded in 2004 and is headquartered in Cambridge, Massachusetts.
Myomo specializes in the creation of myoelectric orthotic devices known as MyoPro. These devices are designed to restore mobility to individuals with limited or no use of their arms or hands due to conditions such as spinal cord injuries, strokes, or other neurological disorders. The MyoPro devices utilize sensors and motors to detect and amplify the electrical signals generated by a user's muscles, enabling them to move their limbs in a natural and controlled manner.
The MyoPro orthotics are custom-fitted to each user and consist of a lightweight, wearable brace attached to the user's arm. The brace incorporates sensors that detect the electrical muscle activity, which is then processed by onboard electronics. These electronics activate motors to move the user's limb accordingly, providing assistance and support for tasks such as lifting objects, grasping, and performing other daily activities.
The company's mission is to improve the lives of individuals with neuromuscular conditions by providing them with increased independence and functional mobility. Myomo believes in offering a non-invasive, user-friendly solution that empowers individuals to regain control over their own movements and live more fulfilling lives.
Myomo's products have received clearance from the United States Food and Drug Administration (FDA), allowing them to be prescribed and used by healthcare professionals and patients across the country. The company also actively engages in clinical research and studies to continuously improve the effectiveness and usability of their orthotic devices.
In addition to its innovative product line, Myomo offers comprehensive clinical support to ensure successful integration and optimal use of their orthotics. The company provides training to therapists and healthcare professionals who work closely with patients utilizing the MyoPro devices. They also offer ongoing support services, including regular check-ins and adjustments, to ensure the orthotics continue to meet the evolving needs of each individual.
Myomo has been recognized for its groundbreaking innovations and commitment to transforming the lives of individuals with neuromuscular conditions. The company has received numerous awards and accolades, including recognition from the National Institutes of Health and the American Physical Therapy Association.
Overall, Myomo Inc is an industry leader in the development and manufacturing of myoelectric orthotic devices that enable individuals with neuromuscular conditions to regain independence and mobility. Through their cutting-edge technology, clinical support, and dedication to customer satisfaction, Myomo continues to make a significant impact on the lives of those affected by these conditions.
Myomo specializes in the creation of myoelectric orthotic devices known as MyoPro. These devices are designed to restore mobility to individuals with limited or no use of their arms or hands due to conditions such as spinal cord injuries, strokes, or other neurological disorders. The MyoPro devices utilize sensors and motors to detect and amplify the electrical signals generated by a user's muscles, enabling them to move their limbs in a natural and controlled manner.
The MyoPro orthotics are custom-fitted to each user and consist of a lightweight, wearable brace attached to the user's arm. The brace incorporates sensors that detect the electrical muscle activity, which is then processed by onboard electronics. These electronics activate motors to move the user's limb accordingly, providing assistance and support for tasks such as lifting objects, grasping, and performing other daily activities.
The company's mission is to improve the lives of individuals with neuromuscular conditions by providing them with increased independence and functional mobility. Myomo believes in offering a non-invasive, user-friendly solution that empowers individuals to regain control over their own movements and live more fulfilling lives.
Myomo's products have received clearance from the United States Food and Drug Administration (FDA), allowing them to be prescribed and used by healthcare professionals and patients across the country. The company also actively engages in clinical research and studies to continuously improve the effectiveness and usability of their orthotic devices.
In addition to its innovative product line, Myomo offers comprehensive clinical support to ensure successful integration and optimal use of their orthotics. The company provides training to therapists and healthcare professionals who work closely with patients utilizing the MyoPro devices. They also offer ongoing support services, including regular check-ins and adjustments, to ensure the orthotics continue to meet the evolving needs of each individual.
Myomo has been recognized for its groundbreaking innovations and commitment to transforming the lives of individuals with neuromuscular conditions. The company has received numerous awards and accolades, including recognition from the National Institutes of Health and the American Physical Therapy Association.
Overall, Myomo Inc is an industry leader in the development and manufacturing of myoelectric orthotic devices that enable individuals with neuromuscular conditions to regain independence and mobility. Through their cutting-edge technology, clinical support, and dedication to customer satisfaction, Myomo continues to make a significant impact on the lives of those affected by these conditions.
Myomo, Inc. is a medical technology company that specializes in developing and providing wearable robotics, particularly for individuals with neuromuscular disorders. The company’s primary focus is on enhancing the lives of people with conditions that impair their mobility and ability to perform daily tasks. Below is an extensive breakdown of the segments, products, and services offered by Myomo.
Segments
1. Rehabilitation Technology: Myomo is primarily positioned in the rehabilitation technology sector, which focuses on helping individuals recover mobility and functionality after neurological conditions such as stroke, spinal cord injury, or other effects of conditions like multiple sclerosis or ALS.
2. Wearable Robotics: This segment involves the development of lightweight, portable robotic devices that assist users in regaining movement. This technology can provide support for both upper and lower limbs, facilitating a wider range of motion and functionality.
3. Home Health Care: Myomo’s products are also relevant in the home health care market, enabling patients to perform exercises and movements at home rather than solely in clinical settings. This enhances the user’s independence and improves their quality of life.
4. Post-Acute Care: Myomo targets post-acute care facilities and rehabilitation centers, allowing these institutions to offer advanced robotic therapeutic options that support recovery.
Products
1. Myomo MyoPro:
- This is a powered orthosis designed for individuals with upper extremity paralysis or weakness. The MyoPro uses patented myoelectric technology to detect muscle signals from users’ residual muscles and translate these signals into movement. This device assists users in performing daily activities, such as reaching, grasping, and lifting objects.
- The MyoPro is customizable, fitting the specific needs of each user based on their physical capabilities and rehabilitation goals.
2. Myomo MyoRehab:
- MyoRehab is a product designed for rehabilitation purposes. It is often used in clinics for therapy programs aimed at improving muscle strength and range of motion through guided movements. The device can be effectively integrated into physical therapy regimens.
3. Telehealth Solutions:
- With the rise in telehealth services, Myomo has also developed platforms that allow remote monitoring and support for users of its devices. This includes features that enable healthcare providers to track patient progress and provide virtual guidance in real-time.
4. Data Analytics Solutions:
- Myomo offers solutions that aggregate data collected from users while using MyoPro and MyoRehab devices. This data can be analyzed to assess users progress, optimize rehabilitation programs, and enhance the overall effectiveness of treatment plans.
Services
1. Patient Training and Education:
- Myomo provides extensive training programs for both patients and caregivers to ensure they understand how to utilize their products effectively. This training may include demonstrations, hands-on practice, and instructional materials that facilitate the learning process.
2. Customization and Fitting Services:
- The company offers personalized fitting services to ensure that the MyoPro system is tailored specifically to the anatomical and functional needs of the user. This service often takes into account the user’s comfort, range of motion, and specific user cases.
3. Support and Maintenance:
- As part of the post-sale services, Myomo provides ongoing support and maintenance for its devices. This includes troubleshooting, repairs, and updates to ensure that users continue to receive optimal performance from their products.
4. Collaborative Partnerships:
- Myomo collaborates with healthcare providers, rehabilitation centers, and academic institutions to promote research and the effectiveness of its products in clinical settings. These partnerships contribute to continuous improvement and innovation in the companys offerings.
5. Insurance Reimbursement Support:
- Myomo assists customers in navigating the complexities of insurance reimbursement processes for its assisted devices. This support can significantly relieve financial burdens associated with the acquisition of medical technology.
In summary, Myomo Inc. provides a comprehensive range of advanced robotic-assisted rehabilitation products, services, and solutions tailored to improve the mobility and quality of life for individuals with neuromuscular disorders. The company remains focused on innovation in wearable robotics and rehabilitation technology, making significant strides in both clinical and home health care settings.
Segments
1. Rehabilitation Technology: Myomo is primarily positioned in the rehabilitation technology sector, which focuses on helping individuals recover mobility and functionality after neurological conditions such as stroke, spinal cord injury, or other effects of conditions like multiple sclerosis or ALS.
2. Wearable Robotics: This segment involves the development of lightweight, portable robotic devices that assist users in regaining movement. This technology can provide support for both upper and lower limbs, facilitating a wider range of motion and functionality.
3. Home Health Care: Myomo’s products are also relevant in the home health care market, enabling patients to perform exercises and movements at home rather than solely in clinical settings. This enhances the user’s independence and improves their quality of life.
4. Post-Acute Care: Myomo targets post-acute care facilities and rehabilitation centers, allowing these institutions to offer advanced robotic therapeutic options that support recovery.
Products
1. Myomo MyoPro:
- This is a powered orthosis designed for individuals with upper extremity paralysis or weakness. The MyoPro uses patented myoelectric technology to detect muscle signals from users’ residual muscles and translate these signals into movement. This device assists users in performing daily activities, such as reaching, grasping, and lifting objects.
- The MyoPro is customizable, fitting the specific needs of each user based on their physical capabilities and rehabilitation goals.
2. Myomo MyoRehab:
- MyoRehab is a product designed for rehabilitation purposes. It is often used in clinics for therapy programs aimed at improving muscle strength and range of motion through guided movements. The device can be effectively integrated into physical therapy regimens.
3. Telehealth Solutions:
- With the rise in telehealth services, Myomo has also developed platforms that allow remote monitoring and support for users of its devices. This includes features that enable healthcare providers to track patient progress and provide virtual guidance in real-time.
4. Data Analytics Solutions:
- Myomo offers solutions that aggregate data collected from users while using MyoPro and MyoRehab devices. This data can be analyzed to assess users progress, optimize rehabilitation programs, and enhance the overall effectiveness of treatment plans.
Services
1. Patient Training and Education:
- Myomo provides extensive training programs for both patients and caregivers to ensure they understand how to utilize their products effectively. This training may include demonstrations, hands-on practice, and instructional materials that facilitate the learning process.
2. Customization and Fitting Services:
- The company offers personalized fitting services to ensure that the MyoPro system is tailored specifically to the anatomical and functional needs of the user. This service often takes into account the user’s comfort, range of motion, and specific user cases.
3. Support and Maintenance:
- As part of the post-sale services, Myomo provides ongoing support and maintenance for its devices. This includes troubleshooting, repairs, and updates to ensure that users continue to receive optimal performance from their products.
4. Collaborative Partnerships:
- Myomo collaborates with healthcare providers, rehabilitation centers, and academic institutions to promote research and the effectiveness of its products in clinical settings. These partnerships contribute to continuous improvement and innovation in the companys offerings.
5. Insurance Reimbursement Support:
- Myomo assists customers in navigating the complexities of insurance reimbursement processes for its assisted devices. This support can significantly relieve financial burdens associated with the acquisition of medical technology.
In summary, Myomo Inc. provides a comprehensive range of advanced robotic-assisted rehabilitation products, services, and solutions tailored to improve the mobility and quality of life for individuals with neuromuscular disorders. The company remains focused on innovation in wearable robotics and rehabilitation technology, making significant strides in both clinical and home health care settings.