Life
Science Intelligence (LSI) tells us pain is the single most common reason
patients seek medical care and is attributable for approximately half of all
physician office visits in the United States. Estimated economic impact of
pain, disability and lost productivity costs equals $100 billion annually. In
2010, combined U.S. sales of pain management products (pharmaceuticals and
devices) totaled approximately $33.1 billion. Over the forecast period covered
in an LSI study, total sales of pain management products are expected to
eclipse $38.2 billion this year.
BioElectronics
is a company that understands the needs of the market and as a result has the
know-how to introduce new ways to treat pain and inflammation. The company has
developed a pain therapy that is effective, easy to use and is a localized
treatment with no known adverse side effects. By leveraging electromagnetic
diathermy which has been available for decades, BioElectronics has miniaturized
the technology allowing the therapy to be used around the clock. What’s new is
that this innovation has transformed the expensive, clinic based treatment, and
made it affordable and available to be used every day. Because it is a simple
localized treatment, it can be used as a standalone or adjunct therapy
depending on the condition at hand. Clinical study has revealed that it is an
effective therapy for both acute pain and chronic pain.
Founded in
2000, the company’s topical pain medical devices include ActiPatch therapy for
over-the-counter treatment of back pain and other musculoskeletal complaints,
Allay menstrual cycle pain therapy, RecoveryRx for chronic and post-operative
wound care, and HealFast, a drug-free therapy for healing of muscle and tendon
injuries, sores, and incision in horses, cats, and dogs. The company markets
and sells its products under the ActiPatch, Allay, and RecoveryRx brand names
through distributors primarily in Korea, Singapore, Canada, Columbia,
Scandinavia, Malaysia, Saudi Arabia, the Balkans, China, South America and
Australia.
In what
can be viewed as a confirmation of the uniqueness of the company’s product
line, BIEL recently announced that its Executive Vice President, Dr. Deepak
Kotak has been invited to present BioElectronics’ innovative chronic pain
therapy at the OTC Pharma Asia Conference in Singapore on March 3, 2015.
Conference details can be found at www.otcpharmaasia.com.
Dr. Kotak
plans to deliver a presentation entitled, “ActiPatch® Pain Therapy – Changing
the Paradigm of OTC Chronic Pain.” The talk describes the science and how this
OTC drug-free therapy is changing the way we view pain management and how it
brings “life-changing relief” to those who suffer with chronic pain.
Dr. Kotak
commented, “ActiPatch provides effective local pain treatment reducing the need
for systemic therapies such as NSAID’s and opioids, and reduces the risk of
side-effects and adverse events that are a burden to the chronic pain
population. Our customers are reporting superior relief to most analgesics for
conditions like fibromyalgia, back pain and arthritis.” As part Dr. Kotak’s
presentation, he will also share his vision for BioElectronics technology and
how it can be used to address a variety of other health care issues in society
today.
BioElectronics
is a leader in biophysics and the maker of a line of disposable, drug-free,
pain therapy devices; ActiPatch® Therapy, over-the-counter treatment for back
pain and other musculoskeletal complaints; RecoveryRx® Devices for chronic and
post-operative wound care; Allay® Menstrual Pain Therapy; and HealFast® Therapy
for dogs, cats and horses.
For more
information on the company, visit www.bielcorp.com
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