Each year, nearly 200 million peripheral IV catheters are placed in patients in hospitals throughout the United States. $117,333,357 is wasted per month on Peripheral Intravenous (PIV)

So-called ‘first time PIVC insertion success’ (where the inserter only pierces the skin once and successfully places the PIVC in the vein) ranges from 65% to 86% in the paediatric and adult populations.The variability of first-time insertion success rates suggests that PIVC insertion is frequently difficult however improved and sustained first-time insertion success of 98–99% occurs when specialist insertion teams provide PIVC insertion.

Entering the medical device industry is very difficult with regulations and restrictions. Vessel Biosciences’ strategy is to implement our product where the greatest customer need is. After going through early customer discovery, the difficulty of conducting a venipuncture/IV seems to be when nurses and phlebotomists are just starting out. An ideal objective is making our device a requirement for nurses entering nursing school. When entering Physics at Georgia Tech, students are required to purchase a clicker to answer particular questions in class. We propose something similar: to incorporate our medical device into early nursing education. This uniquely sets us apart from other companies. Approximately, there are 2,000 Nursing Programs in the United States, and 259,100 new applicants per year. To sell the device at $300 would allow for $77,730,000 annual income just through nursing schools. Licensing options then can be addressed. The users will be more successful when entering the healthcare system because they had training with our portable device, which can always be on them in clinical settings. Price is not set on illumination device.

-Vascular Access Decisions in the Emergency Room (VADER) study protocol
-Forbes articles states more than 500 people die each day from “error, accidents, and infections” in hospitals
-An estimated 800,000 Needlesticks injuries per year in the U.S.

Patents:
Protective Eyewear Encompassing Software Interface
LED Mapping System
Adjustable Hand or Arm-Mounted LED Illuminating Device

www.vesselbio.com