At VydaMed, our mission is to provide non-invasive neuromodulation technology that helps people live stress-free. We help our patient population to live life without fear, in the calm and confidence we all deserve.
Our Vision:
Our vision is to be a leader of first-in-class, evidence-based, non-invasive medical device manufacturer to address the growing prevalence of anxiety and mood disorders worldwide. We aim to provide individuals access to effective tools and resources to improve their mental health and lead fulfilling lives.
Investment Opportunity:
VydaMed offers is a unique ground-level opportunity with a very large ROI that is estimated at 153 fold.
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Problem
There are approximately 300 million people diagnosed with an anxiety disorder worldwide.
Anxiety Epidemic in the US
Amidst an unprecedented surge in anxiety levels across the US, the nation has earned the unenviable title of the most anxious country in the world, with no sign of abatement. The severity of this issue becomes evident when considering that one in eight children are affected by anxiety disorders, with a prevalence of severe anxiety disorder reaching 5.9% over their lifetime.
The impact extends to the broader population, with about 105 million experiencing mild to severe anxiety at some point in their life. Further, it is stated that 19% of adults are diagnosed with an anxiety disorder across the US, and since the COVID-19 pandemic, global anxiety has increased by 25%. Veterans and individuals with attention-deficit disorder, autism spectrum disorder and post-traumatic stress disorder also face health needs that often intertwine with anxiety and other mental health conditions.
There is a shortage of therapists to meet the growing demand, and psychiatrists are picking up the slack, thus resulting in more drug prescriptions. Parents of children ages 12 – 18 who are diagnosed with an anxiety disorder are frustrated that they can’t find their children effective relief. Their children frequently change therapists and are prescribed multiple medications, some of which are psychotropic and have severe side effects. Therapy is expensive and often non-reimbursed. Finding a good therapist may be difficult. Parents express concern over their children’s growing brains and the effect of medications and non-continuous therapy.
Market
Market segmentation for the device:
Target Market: 361K parents of children diagnosed with an anxiety disorder who are in therapy and psychiatry, $179M+.
Serviceable Available Market: 65.1M US citizens diagnosed with an anxiety disorder, $32B+.
Total Global Available Market: 300M people worldwide diagnosed with an anxiety disorder, $149B+.
Business Model
VydaMed will primarily generate revenue through one-time hardware sales and recurring subscription fees. Customers will make a one-time payment of $349.00 for the wearable hardware. Additionally, there is an annual subscription cost of $99.00 for the required companion application, providing users with ongoing support and monitoring. In comparison, a single visit to a therapist could cost around $150-$200.
Technology
App and wearable operate over Bluetooth in a closed-loop feedback system to regulate relaxation and alertness equilibrium. The wearable targets the parasympathetic nervous system while it uses physiologic parameters with proprietary signal processing methods as the control variable. This loop provides extrinsic and objective anxiety control.
The App running on a smartphone also has logging capability and push notifications to alert the user of possible changes in emotional states. The App features dialectical behavioral therapy techniques that allow the user to intrinsically take control over their emotional state. The App, which works between therapy and psychiatric visits, will be the "therapist's best friend", as it will help both provider and patient explore trigger points and coping mechanisms.
With both extrinsic control, augmenting medications, and intrinsic control, augmenting therapy, VydaMed will leverage neural plasticity to place the patient in the driver's seat so that common triggers do not result in stressful and overwhelming responses.
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