Market in Numbers

Challenges in IV Placement

  • Many providers are using antiquated catheters leading to dissatisfaction amongst patients and users.

  • Multiple attempts and outright failures higher risk of complications and higher healthcare costs.

    • Additional cost per infection averages about $16,550*. 

    • Liability risk and Medicare penalties for in-hospital complications.

  • Often IV placement is done without the ability to directly visualize the vessel, relying solely on “feel”.

    • If peripheral access fails, often central access is attempted which has a high complication rate.

    • Circa 5 million central line procedures annually in US and 15% of attempts result in infections.