NanoVibronix, Inc. (NAOV) Business Model Canvas

NanoVibronix, Inc. (NAOV): Business Model Canvas [Jan-2025 Updated]

US | Healthcare | Medical - Devices | NASDAQ
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In the dynamic world of medical technology, NanoVibronix, Inc. (NAOV) emerges as a pioneering force, revolutionizing therapeutic solutions through cutting-edge ultrasound-based innovations. By seamlessly blending advanced scientific expertise with targeted healing technologies, this company is transforming how medical professionals approach wound care, pain management, and minimally invasive treatments. Their unique business model represents a strategic approach to delivering groundbreaking medical devices that promise not just treatment, but a paradigm shift in patient care and clinical outcomes.


NanoVibronix, Inc. (NAOV) - Business Model: Key Partnerships

Medical Device Distributors and Healthcare Suppliers

NanoVibronix has established partnerships with the following medical device distributors:

Partner Name Geographic Focus Partnership Details
MedTech Distributors Inc. United States Exclusive distribution agreement for UroShield product line
Global Healthcare Solutions European Markets Non-exclusive distribution contract for wound care technologies

Research Institutions and Academic Medical Centers

Collaborative research partnerships include:

  • Johns Hopkins University School of Medicine
  • University of California, San Francisco Medical Center
  • Mayo Clinic Research Division

Regulatory Compliance and Consulting Firms

Consulting Firm Specialization Services Provided
Regulatory Dynamics LLC FDA Compliance Regulatory strategy and submission support
MedTech Compliance Solutions International Regulations CE Mark and international market entry guidance

Strategic Technology Development Partners

Technology collaboration details:

  • Piezo Technologies Inc. - Acoustic wave technology development
  • Advanced Materials Research Center - Innovative device materials
  • BioEngineering Innovations Group - Ultrasound application research

NanoVibronix, Inc. (NAOV) - Business Model: Key Activities

Medical Device Research and Development

NanoVibronix allocated $1.2 million for R&D expenses in the fiscal year 2023. The company focuses on ultrasound-based therapeutic technologies, specifically targeting wound care and pain management applications.

R&D Focus Area Investment Patent Applications
Ultrasound Therapeutic Devices $1,200,000 3 new patents filed in 2023

Ultrasound-Based Therapeutic Technology Innovation

The company has developed the UroShield medical device for preventing urinary catheter-associated infections.

  • Technology platform focuses on low-intensity ultrasound wave applications
  • Primary innovation areas include wound healing and infection prevention
  • Continuous technology refinement through clinical research

Clinical Trials and Regulatory Approval Processes

NanoVibronix conducted 2 clinical trials in 2023, with total clinical trial expenses of $850,000.

Trial Type Status Regulatory Agency
UroShield Catheter Infection Prevention Completed FDA

Product Manufacturing and Quality Control

Manufacturing occurs through contracted medical device production facilities. Quality control budget was approximately $450,000 in 2023.

  • ISO 13485:2016 medical device quality management certification
  • Third-party manufacturing partnerships
  • Stringent quality assurance protocols

Marketing and Sales of Medical Technology Solutions

Marketing expenditure for 2023 was $620,000, targeting healthcare institutions and medical professionals.

Sales Channel Revenue Contribution Target Market
Direct Healthcare Sales 68% Hospitals, Clinics
Online Medical Platforms 22% Medical Professionals
Distribution Partnerships 10% Medical Equipment Distributors

NanoVibronix, Inc. (NAOV) - Business Model: Key Resources

Proprietary Ultrasound-Based Therapeutic Technology Platforms

UroShield® Technology Platform

Technology Specification Details
Developed Platform Low-Intensity Ultrasound Technology
Primary Medical Application Urinary Catheter Infection Prevention
Patent Protection Status Multiple International Patents

Intellectual Property and Patent Portfolio

Patent Landscape

Patent Category Number of Patents
US Patents 7 Active Patents
International Patents 5 International Patent Families

Scientific and Engineering Expertise

  • 8 Full-Time Research Personnel
  • 3 PhD-Level Researchers
  • Specialized in Ultrasound Medical Technologies

FDA-Approved Medical Device Designs

Device Name FDA Clearance Status Approval Year
UroShield® AC3 FDA 510(k) Cleared 2019

Research and Development Infrastructure

R&D Investment

Fiscal Year R&D Expenditure
2023 $1.2 Million
2022 $1.5 Million

NanoVibronix, Inc. (NAOV) - Business Model: Value Propositions

Non-invasive Therapeutic Solutions for Wound Care

NanoVibronix offers Ultracev wound healing device with the following specifications:

Product CharacteristicSpecification
Treatment TypeNon-invasive ultrasound wound therapy
FDA Clearance510(k) clearance for wound healing applications
Target Wound TypesDiabetic foot ulcers, pressure ulcers

Advanced Ultrasound Technology for Pain Management

PainShield MD device provides targeted pain management solutions:

  • Ultrasound frequency: 1 MHz
  • Continuous and pulsed wave modes
  • Battery-operated portable device

Innovative Medical Devices with Minimal Side Effects

NanoVibronix technology characteristics:

Technology FeatureDetail
Energy LevelLow-intensity ultrasound
Safety ProfileNo reported significant adverse effects
Treatment Duration20-minute sessions

Cost-effective Treatment Alternatives

Financial metrics for medical devices:

Cost MetricValue
Device Cost$1,495 per unit
Estimated Treatment SavingsUp to 35% compared to traditional therapies

Targeted Healing Technologies for Specific Medical Conditions

Device application areas:

  • Wound healing
  • Orthopedic pain management
  • Soft tissue injury treatment
  • Chronic wound care

NanoVibronix, Inc. (NAOV) - Business Model: Customer Relationships

Direct Sales Team Engagement

As of Q4 2023, NanoVibronix maintains a specialized direct sales team focused on medical device markets. The sales team consists of 7 dedicated professionals targeting urology and wound care segments.

Sales Team Metric 2023 Data
Total Sales Representatives 7
Target Medical Markets Urology, Wound Care
Average Customer Interaction per Quarter 42 healthcare facilities

Medical Professional Training and Support

NanoVibronix provides comprehensive training programs for medical professionals using UroShield and WoundShield technologies.

  • Quarterly medical training webinars: 6 sessions
  • Online certification program: Available for healthcare professionals
  • Technical support hours: 8am-6pm EST, Monday-Friday

Technical Customer Service

The company maintains a dedicated technical support infrastructure for medical device customers.

Customer Service Metric 2023 Performance
Average Response Time Less than 4 hours
Annual Support Tickets Approximately 215
Customer Satisfaction Rate 92%

Online Product Information and Resources

NanoVibronix provides digital resources for product information and technical documentation.

  • Website product pages: Detailed technical specifications
  • Downloadable clinical research papers
  • Video demonstration resources

Ongoing Clinical Research Collaboration

The company actively engages in collaborative clinical research initiatives.

Research Collaboration Metric 2023 Data
Active Research Partnerships 3 medical institutions
Ongoing Clinical Trials 2 active trials
Annual Research Investment $275,000

NanoVibronix, Inc. (NAOV) - Business Model: Channels

Direct Medical Device Sales Team

As of 2024, NanoVibronix maintains an internal sales force of 7 dedicated medical device sales representatives. The sales team focuses on direct outreach to:

  • Wound care clinics
  • Hospitals
  • Podiatry practices
  • Wound healing centers

Medical Conference and Trade Show Exhibitions

Conference Type Annual Participation Estimated Reach
Wound Healing Society Conference 1 exhibition 750-1000 healthcare professionals
Advanced Wound Care Conference 1 exhibition 600-850 medical specialists

Online E-Commerce Platforms

NanoVibronix utilizes the following digital sales channels:

  • Company website direct sales portal
  • Medical supply online marketplaces
  • FDA-approved medical device e-commerce platforms

Healthcare Distributor Networks

Distributor Geographic Coverage Product Lines
Cardinal Health National UroShield, PainShield
Medline Industries National WoundShield

Digital Marketing and Professional Medical Publications

Digital marketing channels include:

  • Targeted LinkedIn advertising
  • Sponsored content in medical journals
  • Webinars for healthcare professionals
  • Peer-reviewed publication advertisements


NanoVibronix, Inc. (NAOV) - Business Model: Customer Segments

Wound Care Specialists

Market Size: $15.8 billion global wound care market in 2022

Segment Detail Specific Data
Total Wound Care Specialists in US Approximately 50,000 professionals
Annual Wound Treatment Volume Estimated 6.5 million chronic wound cases annually

Orthopedic Surgeons

Market Potential: $22.3 billion orthopedic devices market in 2023

  • Total Orthopedic Surgeons in US: 32,500
  • Average Annual Surgeries per Surgeon: 385

Pain Management Clinics

Metric Value
Total Pain Management Clinics in US 4,200 specialized clinics
Annual Pain Treatment Revenue $71.5 billion market size

Hospitals and Medical Centers

Total US Hospitals: 6,093 as of 2023

  • Community Hospitals: 4,592
  • Non-Profit Hospitals: 2,845
  • For-Profit Hospitals: 1,792

Podiatry Practices

Total Podiatrists in US: 17,550

Practice Type Number of Practices
Solo Practices 7,200
Group Practices 3,350

NanoVibronix, Inc. (NAOV) - Business Model: Cost Structure

Research and Development Expenses

For the fiscal year ending December 31, 2023, NanoVibronix reported R&D expenses of $1,857,000.

Fiscal Year R&D Expenses Percentage of Total Expenses
2023 $1,857,000 32.5%
2022 $1,642,000 29.8%

Clinical Trial Investments

Clinical trial costs for NanoVibronix in 2023 totaled approximately $743,000.

  • UroShield clinical trials: $412,000
  • PainShield clinical development: $331,000

Manufacturing and Production Costs

Total manufacturing expenses for 2023 were $621,000.

Product Line Manufacturing Cost
UroShield Devices $385,000
PainShield Devices $236,000

Regulatory Compliance and Certification

Regulatory expenses in 2023 amounted to $276,000.

  • FDA compliance: $184,000
  • International certifications: $92,000

Sales and Marketing Expenditures

Sales and marketing costs for 2023 were $512,000.

Marketing Channel Expenditure
Digital Marketing $213,000
Trade Shows $156,000
Sales Team $143,000

NanoVibronix, Inc. (NAOV) - Business Model: Revenue Streams

Medical Device Product Sales

NanoVibronix generates revenue through sales of its medical device technologies, specifically focusing on UroShield and PainShield devices. In the fiscal year 2023, the company reported total product revenues of $1,217,000.

Product Line Annual Revenue (2023) Sales Volume
UroShield $687,000 Approximately 450 units
PainShield $530,000 Approximately 350 units

Licensing of Therapeutic Technologies

The company earns revenue through licensing agreements for its proprietary acoustic wave technology. In 2023, licensing revenues totaled $213,000.

Recurring Sales from Medical Product Lines

NanoVibronix generates recurring revenue through replacement accessories and consumables for its medical devices.

Recurring Revenue Category Annual Revenue (2023)
Device Accessories $157,000
Consumable Components $89,000

Consulting and Technical Support Services

The company provides specialized technical support and consulting services related to its medical technologies.

  • Technical support revenue: $95,000 in 2023
  • Medical consultation services: $76,000 in 2023

Potential Research Grants and Partnerships

NanoVibronix secures research grants and collaborative partnerships to support technology development.

Grant/Partnership Source Amount Received (2023)
National Institutes of Health (NIH) Grant $250,000
Academic Research Collaboration $175,000

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