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Andover Medical Company Profile

02:18 EDT 22nd September 2017 | BioPortfolio

Andover Medical, Inc. (AMI) is seeking to take advantage of projected growth and evolving economies of scale arising from consolidation in the procedure specific durable medical equipment (DME) and services segments of the orthopedic, podiatric, and urological physician care markets in the United States. By establishing a nationwide subsidiary network, AMI plans to offer physicians the largest selection of competitively priced brand-name DME, and urodynamic diagnostic and treatment products. These products include, devices to aid the recovery from Anterior Cruciate Ligament (ACL) surgery, knee replacements, and hip replacements. Medical supplies or equipment prescribed by a physician or physical therapists, which is medically necessary for the treatment of an illness, injury, or to prevent a patient’s further deterioration is called Durable Medical Equipment (DME). DME is designed for repeated use, and are tools that serve a medical purpose. AMI intends to offer extensive DME product offerings in orthopedics, podiatry, and urology, including post-operative pain management equipment, orthopedic devices, a range of soft goods, functional knee braces and urodynamic devices. These products will be delivered at point of service outlets such as physicians offices, clinics, hospitals, nursing facilities, patient homes, and retail outlets. Patients who are prescribed the use of DME can qualify for third party reimbursement. Orthopedics, urology and podiatry are among the fastest growing segments in healthcare products and services. The “graying” of the population and the increase in the active physical lifestyle of seniors, among other factors, play key roles in this growth. These DME products are most significantly used by baby boomers and seniors age 65 and over. This senior demographic— expanding rapidly both in size and in its need for services— has been increasing from approximately 35 million people in 2000, to an estimated 40.2 million by 2010, and eventually to an estimated 71 million people by 2030, representing approximately 20 percent of the U.S. population.

Location

510 Turnpike St.
N. Andover
01845
United States of America

Contact

Phone: 978-557-1001
Email: info@andovermedical.com


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PubMed Articles [2737 Associated PubMed Articles listed on BioPortfolio]

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Clinical Trials [1361 Associated Clinical Trials listed on BioPortfolio]

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Andover Medical Inc.

Headquarters Address:

Andover Wellness Group

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Andover Medical

Andover Medical, Inc. (AMI) is seeking to take advantage of projected growth and evolving economies of scale arising from consolidation in the procedure specific durable medical equipment (DME) and se...

More Information about "Andover Medical" on BioPortfolio

We have published hundreds of Andover Medical news stories on BioPortfolio along with dozens of Andover Medical Clinical Trials and PubMed Articles about Andover Medical for you to read. In addition to the medical data, news and clinical trials, BioPortfolio also has a large collection of Andover Medical Companies in our database. You can also find out about relevant Andover Medical Drugs and Medications on this site too.

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