ElastiMed
ElastiMed is an Israel-based medical device company that develops MyoSleeve, a cable-free wearable compression device using proprietary electroactive polymer technology to treat lymphedema and chronic venous conditions, distributed in the US through Tactile Medical for VA and DoD patients.
- Company typePrivate
- Founded2015
- HeadquartersYoqne`am `illit, Israel
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What ElastiMed does
ElastiMed Ltd. is an Israel-based medical device company founded in 2015 that develops wearable smart compression therapy devices for the treatment of chronic lymphatic and venous conditions. Its flagship product, MyoSleeve, is an FDA 510(k)-cleared, cable-free, battery-powered compression garment for the lower leg that uses proprietary Electroactive Polymer (EAP) technology—marketed as 'Artificial Muscles'—to deliver dynamic, sequential compression therapy mimicking manual lymphatic drainage. Three built-in straps contract in sequence to stimulate blood and lymphatic flow, with a cycle repeating every 15 seconds; the device provides up to 8 hours of active treatment per charge and maintains static resting compression when powered off.
The company targets patients with lymphedema, chronic edema, and chronic venous insufficiency, as well as clinicians in vascular surgery, phlebology, and vein care. MyoSleeve is currently distributed exclusively in the United States through Tactile Medical (Nasdaq: TCMD) under a July 2026 agreement covering Veterans Affairs (VA) and Department of Defense (DoD) healthcare systems, with Tactile Medical making a $3 million upfront payment and committing to minimum purchase obligations. ElastiMed employs approximately 10 people across its Yokneam Ilit, Israel headquarters and US subsidiary in Jericho, NY, and is backed by portfolio investor Trendlines Group Ltd. The company has raised approximately $3.66 million across disclosed funding rounds (2015–2018) and is led by founder/CEO Omer Zelka with Chairman Dr. Amir Belson, a serial medtech entrepreneur with prior exits to Intuitive Surgical, C.R. Bard, and Stryker.
ElastiMed firmographics
Firmographics- Name
- ElastiMed
- Legal name
- Elastimed Ltd.
- Website
- https://elastimed.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ElastiMed is an Israel-based medical device company that develops MyoSleeve, a cable-free wearable compression device using proprietary electroactive polymer technology to treat lymphedema and chronic venous conditions, distributed in the US through Tactile Medical for VA and DoD patients.
- Ownership category
- akta.pro rank
ElastiMed industry classification
Industry- Product category
- Wearable Compression Therapy Devices
- NAICS
- Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
- SIC
- Electromedical & Electrotherapeutic Apparatus (3845)
- akta.pro primary industry
- Compression Therapy & Lymphedema DME (Garments, Pneumatic Pumps) (HLAHAMAH)
Keywords
Where ElastiMed is headquartered
LocationHeadquarters
- HQ city
- Yoqne`am `illit
- HQ country
- Israel
- HQ region
- Middle East
Offices2 records
Markets served
ElastiMed business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Hardware Device Sales via Distribution Partners: ElastiMed sells MyoSleeve devices to distribution partners (Tactile Medical) who then distribute to end customers (VA/DoD patients). Tactile Medical made an upfront payment of $3 million and commits to minimum purchase obligations in exchange for exclusive distribution rights.
- Recurring Hardware Revenue: Post-initial commercialization, recurring hardware/device revenue is expected from ongoing device sales through Tactile Medical's exclusive distribution agreement covering VA and DoD systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | MyoSleeve prescription medical device — pricing not publicly disclosed |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels6 records
ElastiMed product offering
Product offeringCore offering
ElastiMed manufactures and sells MyoSleeve, a cable-free, battery-powered wearable compression device for the lower leg that uses proprietary electroactive polymer (EAP) technology to deliver sequential dynamic compression therapy for patients with lymphedema, chronic edema, and venous insufficiency. The FDA 510(k)-cleared device delivers up to 8 hours of active treatment per charge, mimicking manual lymphatic drainage through three sequential straps that massage the calf every 15 seconds. The product is available by prescription and currently distributed through an exclusive US partnership with Tactile Medical for VA and DoD patients.
Product overview
ElastiMed is a single-product company focused on MyoSleeve, an FDA-cleared wearable compression device that uses proprietary electroactive polymer (EAP) technology marketed as 'Artificial Muscles.' The device is designed for the lower leg and provides active therapeutic compression for lymphatic and venous conditions. The company is reportedly developing future models for full-leg and arm applications. All offerings center on this one device, which is available by prescription and distributed through the exclusive Tactile Medical partnership for VA and DoD markets.
Differentiator
Problem solved
Functional benefit
Brands
- MyoSleeve: FDA-cleared cable-free wearable compression device for lower leg treatment of lymphedema and venous conditions using electroactive polymer technology.
Products and services
- MyoSleeve FDA 510(k)-cleared, cable-free, battery-powered wearable compression device for the lower leg that uses proprietary electroactive polymer (EAP) technology to deliver dynamic compression through three sequential straps that contract in sequence, mimicking manual lymphatic drainage. Indicated for treatment of chronic swelling including lymphedema, chronic edema, and venous insufficiency. Available by prescription and distributed through the exclusive Tactile Medical partnership for VA and DoD markets.
Quantifiable outcome
- Statistically significant volume reduction in lower leg after just 4 hours of use compared to standard compression bandages in clinical studies
Companies that use ElastiMed
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
ElastiMed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
ElastiMed partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tactile Medical (Tactile Systems Technology, Inc.)flagshipTactile Medical signed an exclusive US distribution agreement with ElastiMed for MyoSleeve covering VA and DoD patients. Tactile Medical made an upfront payment of $3 million and committed to minimum purchase obligations in exchange for exclusive distribution rights within the VA and DoD systems. This represents the first commercial introduction of MyoSleeve. Tactile Medical leverages its established sales organization, billing and payment expertise, and patient support infrastructure to drive commercialization and market access. MyoSleeve is available by prescription, with patient selection determined by treating clinicians.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
ElastiMed competitors and assessment
Company assessmentDirect peers
- Bio Compression Systems: US manufacturer of pneumatic compression pumps and sleeves for lymphedema, venous insufficiency, and wound healing. Directly competes with MyoSleeve in clinical-grade compression therapy for the same patient populations.
- Tactile Medical: NASDAQ-listed leader in pneumatic compression pumps for lymphedema and venous conditions. Tactile Medical is both ElastiMed's exclusive US distributor for VA/DoD and a competitor via its Entré/Flexitouch pneumatic pump lines, making it the closest comparable for compression therapy market dynamics.
- Devon Medical Products: Specializes in compression therapy devices including pneumatic pumps and DVT prevention systems, serving lymphedema and chronic venous insufficiency patients with comparable clinical-grade compression solutions.
- AIROS Medical: Manufacturer of pneumatic compression devices (Armassist, Legassist) and compression therapy garments for lymphedema and venous disease. Closely comparable therapeutic area and delivery modality (compression therapy).
Broad incumbents
- Juzo (Julius Zorn GmbH): German manufacturer of medical compression stockings, sleeves, and orthopedic supports for lymphedema and venous conditions. Comparable target indications but with a static-garment product focus rather than powered wearables.
- Arjo (Getinge Group): Global medical device company providing DVT prevention systems (Flowtron), patient lifts, and pressure injury prevention solutions. Overlapping in compression therapy for venous thromboembolism prevention in clinical settings.
- SIGVARIS Group: Established global manufacturer of medical compression garments (stockings, socks, sleeves) for venous and lymphatic disease. A leader in compression therapy but focused on passive garments rather than active electro-mechanical devices.
- medi GmbH & Co. KG: Global medical device company offering a broad portfolio including medical compression stockings, intermittent pneumatic compression devices (IPC), and orthopedic braces. Overlapping in compression therapy for venous and lymphatic conditions but with a much wider product portfolio.
Others
- Stryker: Large diversified medical device company; relevant as the acquirer of Zipline Medical (founded by ElastiMed's Chairman Dr. Amir Belson). Strategic acquirer profile for medical device companies with proven commercial traction in niche therapy areas.
Emerging players
- Hyperice (NormaTec): Consumer/recovery-focused brand best known for NormaTec pneumatic compression boots used by athletes and increasingly in wellness/clinical settings. Comparable compression therapy technology but skewed toward consumer/recovery rather than prescription chronic-disease use.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
ElastiMed social profiles
Digital presenceElastiMed compliance and trust
Trust signalCompliance1 record
ElastiMed financial estimates
Financial estimateRevenue estimate
Valuation estimate
ElastiMed leadership team
Management profileNumber of profiles
Profiles17 records
ElastiMed funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ElastiMed M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ElastiMed
What does ElastiMed do?
ElastiMed manufactures and sells MyoSleeve, a cable-free, battery-powered wearable compression device for the lower leg that uses proprietary electroactive polymer (EAP) technology to deliver sequential dynamic compression therapy for patients with lymphedema, chronic edema, and venous insufficiency. The FDA 510(k)-cleared device delivers up to 8 hours of active treatment per charge, mimicking manual lymphatic drainage through three sequential straps that massage the calf every 15 seconds. The product is available by prescription and currently distributed through an exclusive US partnership with Tactile Medical for VA and DoD patients.
Is ElastiMed a public or private company?
ElastiMed is a private company. It is classified as venture growth investor backed and is currently operating.
When was ElastiMed founded?
ElastiMed was founded in 2015. It employs 1 to 10 people.
Where is ElastiMed based?
ElastiMed is headquartered in Yoqne`am `illit, Israel, in the Middle East region.
How does ElastiMed make money?
Two revenue lines are on record. Hardware Device Sales via Distribution Partners are the primary driver. The others are recurring Hardware Revenue.
Who are ElastiMed's main competitors?
Direct peers on record are Bio Compression Systems, Tactile Medical, Devon Medical Products and AIROS Medical. Broad incumbents are Juzo (Julius Zorn GmbH), Arjo (Getinge Group), SIGVARIS Group and medi GmbH & Co. KG. Stryker is listed as an others. Hyperice (NormaTec) is listed as an emerging player.
Does ElastiMed have an API?
No public API is recorded for ElastiMed.
What industry is ElastiMed in?
ElastiMed's product category is Wearable Compression Therapy Devices. Its primary akta.pro industry code is HLAHAMAH, Compression Therapy & Lymphedema DME (Garments, Pneumatic Pumps). Its NAICS code is 334510 and its SIC code is 3845.