Thermidas for investors
Series A coming soon
Diabetes is reaching pandemic levels, affecting half a billion people.
- Approximately 2% of diabetic patients will have a diabetic foot ulcer (DFU) at any given time
- 80 % of lower extremity amputations (LEA’s) are preceded by a DFU
- 50 % of DFU patients die within 5 years
- 70 % of LEA patients die within 5 years
Number of adults with diabetes worldwide
A study by APMA found that among patients with commercial insurance, each $1 invested in care by a podiatrist results in $27 to $51 of savings for the health-care system. Among Medicare-eligible patients, each $1 invested in care by a podiatrist results in $9 to $13 of savings.
Solution:
Early detection with
Infrared Thermography
- Extensive research shows skin breakdown takes place with persistent >2°C elevated temperature for up to 10 days
- Up to 75 % of diabetic foot ulcers can be prevented by early detection
- Up to 91 % of pre-ulcerous sites can be identified by the detection of temperature anomalies
- People with normal physiological function will reflect thermal symmetry
- The same body area on the contralateral sides of the body will have similar temperatures
- Infrared Thermography will instantly highlight anomalies
Market size
Diabetes is the #3 killer in USA after heart disease and cancer
530 million +
Diabetics worldwide
44% undiagnosed
$966 bil. health expenditure
6.7 mil. deaths annually
Up to 34 %
Of diabetics develop a DFU (1)40 % recurrence in one year (1)
20 % lead to amputation (2)
$13 billion
Cost of DFUs in the U.S. (3)32 mil. total diabetics
4 mil. undiagnosed
$379 bil. health expenditure
£900 million
Cost of DFUs in the UK (4)4 mil. total diabetics
0.9 mil. undiagnosed
$23 mil. health expenditure
(1) Armstrong, David G et al. “Diabetic Foot Ulcers and Their Recurrence.” (2017)
(2) McDermott, Katherine et al. “Etiology, Epidemiology, and Disparities in the Burden of Diabetic Foot Ulcers.” (2023)
(3) Rice, J Bradford et al. “Burden of diabetic foot ulcers for medicare and private insurers.” (2014)
(4) Kerr, M et al. “The cost of diabetic foot ulcers and amputations to the National Health Service in England.” (2019)
The rest: International Diabetes Federation. IDF Diabetes Atlas, 10th edn. Brussels, Belgium: 2021. Available at: https://www.diabetesatlas.org
Scaling beyond diabetic foot
20 + clinical studies conducted in university hospitals
- Vascular Surgery
- Plastic Surgery
- Hand Surgery
- Orthopaedics
- Neurology/pain
- Sports medicine