ThermoTek

What ThermoTek does

ThermoTek is a privately held U.S. medical device manufacturer founded in 1993 and headquartered in Flower Mound, Texas, that designs and produces thermoelectric temperature management systems based on the Peltier effect. The company's portfolio spans medical therapy devices (VascuTherm 5 for integrated thermal, compression, and DVT therapy; ARTEK Pro Elite for cold/heat/compression; ARTEK Sport for portable cold therapy; echoRx wearable ultrasound with proprietary GEL POD technology; and ArTEK Spot for aesthetic contact cooling), along with single-patient therapy wraps, BraceTek braces, and a separate line of precision chillers (3U Rack Mount, T257P-20) for scientific, laser, semiconductor, and military applications. The firm also co-developed the DigniCap Delta scalp-cooling system with Dignitana for chemotherapy patients, and protects its technology base with 89 active patents and ISO 9001 quality certification.

ThermoTek monetizes primarily through hardware sales of its devices and consumable wraps, shipped FOB Origin to an authorized medical device dealer network that handles prescription fulfillment, insurance pre-authorization (workers' compensation, auto insurance, VA), patient training, and ongoing support. Pricing is quote-based rather than publicly disclosed, and the company supplements dealer revenue with a direct sales motion into Veterans Affairs medical facilities and into scientific/industrial accounts. End demand is concentrated in orthopedic post-surgical recovery — including total joint replacement, arthroscopic, ACL, and spinal procedures — alongside adjacent applications in aesthetic medicine, oncology supportive care, and precision industrial cooling.

The company operates with 101–250 employees and serves more than 600 customers across a single-country (U.S.) footprint. Leadership is a small, commercially experienced operator team: CEO Randy Chatman (ex-Stryker, Medtronic, Johnson & Johnson), COO Katie Davis (PhD, 12 years of ThermoTek medical affairs), and CFO Misty Romines (CPA, previously VP Global Finance at Palette Life Sciences during its $650M acquisition by Teleflex). The business is founder/management-owned with no disclosed venture, private equity, or secondary-market transactions, and has no public listing.

Name

ThermoTek

Legal name

ThermoTek

Website

https://thermotekusa.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

ThermoTek designs and manufactures thermoelectric medical devices for post-surgical orthopedic recovery, DVT prevention, aesthetic cooling, and industrial precision cooling, selling through an authorized U.S. dealer network and direct VA facility sales.

Ownership category

akta.pro rank

Product category

Medical Devices (Thermoelectric Therapy Equipment)

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Electromedical & Electrotherapeutic Apparatus (3845), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Hot/Cold Therapy Services (Cryotherapy/Ice Baths) (HSALAFAH)

akta.pro secondary industry

Cryotherapy Services (HSADAKAE)

Keywords

• Thermoelectric medical devices
• Cold compression therapy
• Post-surgical recovery equipment
• DVT prevention systems
• Precision recirculating chillers

Headquarters

HQ city

Flower Mound

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Medical Device Hardware Sales: Sale of thermoelectric cooling/heating/compression therapy devices and accessories including VascuTherm 5, ARTEK Pro Elite, ARTEK Sport, echoRx, and therapy wraps. Products sold through authorized dealer network with FOB Origin shipping terms.
2. Professional Services - Dealer Support: Dealers coordinate billing, fulfillment, and patient support. Insurance pre-authorization and claims handling for workers' compensation, auto insurance, and VA coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ThermoTek designs and manufactures thermoelectric temperature management devices that deliver ice-less cold therapy, heat therapy, compression therapy, and DVT prevention for post-surgical patient recovery. The company sells a portfolio of medical therapy systems (VascuTherm 5, ARTEK Pro Elite, ARTEK Sport, echoRx, ArTEK Spot) primarily through authorized medical device dealers and directly to VA facilities, supported by billing/insurance coordination services.

Product overview

ThermoTek is a manufacturer of thermoelectric thermal management solutions consisting of a unified portfolio of medical therapy devices and scientific/industrial cooling equipment. The core medical product line includes the VascuTherm 5 (all-in-one thermal, compression and DVT therapy system), ARTEK Pro Elite (thermoelectric cold/heat/compression device), ARTEK Sport (portable ice therapy), echoRx (wearable ultrasound with GEL POD technology), and ArTEK Spot (aesthetic contact cooling). Supporting accessories include Therapy Wraps and BraceTek braces for body-specific applications. For scientific and industrial markets, ThermoTek offers the 3U Rack Mount chillers and T257P-20 portable chiller for precision temperature control in lasers, optics, semiconductors, analytical equipment, and military applications. The company also holds ISO-certified quality standards.

Differentiator

Problem solved

Functional benefit

Brands

• echoRx: Wearable ultrasound therapy system with GEL POD technology for promoting healing and recovery
• VascuTherm
• ARTEK Pro Elite
• ARTEK Sport
• ArTEK Spot
• DigniCap Delta
• BraceTek

Products and services

• VascuTherm 5 All-in-one thermoelectric therapy system providing thermal therapy, intermittent compression, and coordinated DVT prevention using site-specific wraps and bracing for post-surgical recovery. Targeted at orthopedic patients and prescribing physicians.
• ARTEK Pro Elite Compact thermoelectric device integrating cold, heat, and compression therapy to optimize post-surgical recovery and healing. Designed for orthopedic surgery patients and their prescribing physicians.
• ARTEK Sport Portable, smart ice therapy system with built-in rest times for safety and a universal wrap configurable to most body parts. Intended for safe and easy cold therapy in post-injury and post-surgical contexts.
• echoRx Wearable Ultrasound Next-generation wearable ultrasound therapy system for promoting healing and recovery, featuring proprietary GEL POD technology that improves ease of use and reduces messy cleanup. The only portable ultrasound system to use GEL PODs.
• ArTEK Spot Contact cooling system providing consistent, opioid-free pain management and temperature control for patient comfort during painful cosmetic procedures such as injectable fillers and laser treatments.
• 3U Rack Mount Compact rack-mountable thermoelectric chillers designed for demanding cooling applications across scientific, laser, semiconductor, and military industries. Marketed as the smallest rack mountable chillers in the industry.
• T257P-20 Portable thermoelectric recirculating chiller providing high-performance solid-state cooling with precise temperature control for demanding scientific, laser, semiconductor, and military cooling applications.
• DigniCap Delta Thermoelectric system co-designed with Dignitana to provide scalp cooling for chemotherapy patients to help preserve hair during treatment.

Quantifiable outcome

• Patients served to date: 1.4M+
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• DignitanacoreStrategic or Co-development PartnerThermoTek partnered with Dignitana to design the DigniCap Delta thermoelectric system. This partnership created a hair preservation solution for chemotherapy patients using thermoelectric cooling technology designed by ThermoTek.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ossur: Ossur is a global orthopedic leader in bracing, supports, and prosthetic devices — overlapping with ThermoTek's BraceTek line and post-surgical orthopedic recovery positioning as part of a wider orthopedic portfolio.
• Stryker: Stryker is a major medical device incumbent active across orthopedics, surgical equipment, and post-operative care. ThermoTek's CEO Randy Chatman previously served in senior management at Stryker, and Stryker represents the scale competitor that ThermoTek is benchmarked against in orthopedic channels.
• Medtronic: Medtronic is a global medical device giant active across many therapy areas including patient monitoring and surgical recovery. As one of CEO Randy Chatman's prior employers, it represents a broad incumbent that shapes expectations of scale, clinical evidence, and channel reach in the same medical device category.
• DJO / Enovis: DJO/Enovis is a large orthopedic medical device company offering cold therapy, bracing, and rehabilitation products through its DonJoy brand — overlapping with ThermoTek's core orthopedic recovery portfolio but as part of a much broader catalog.
• Zimmer Biomet: Zimmer Biomet is a leading orthopedic medical device company whose joint replacement and post-surgical recovery focus directly overlaps with the clinical indications (knee, hip, ACL reconstruction) that drive ThermoTek's cold/heat therapy demand.

Direct peers

• BioCompression Systems: BioCompression Systems manufactures pneumatic compression and DVT prevention devices used in post-surgical recovery — directly comparable to ThermoTek's coordinated compression and DVT therapy capability within the VascuTherm 5 platform.
• Breg: Breg designs and manufactures cold therapy, compression, and orthopedic bracing products — directly competing with ThermoTek's VascuTherm 5, ARTEK Pro Elite, ARTEK Sport, and BraceTek lines across the same post-surgical orthopedic channel.
• Game Ready (CoolSystems): Game Ready offers combined cold and compression therapy systems for orthopedic recovery, competing head-to-head with ThermoTek's VascuTherm 5 and ARTEK Pro Elite in post-surgical and sports medicine use cases.

Emerging players

• Paxman Scalp Cooling: Paxman develops scalp-cooling systems for chemotherapy-induced hair preservation, an adjacent oncology supportive-care use case to ThermoTek's DigniCap Delta partnership product. It illustrates the competitive landscape in oncology cooling.
• Dignitana: Dignitana is a scalp-cooling company that partnered with ThermoTek to design the DigniCap Delta thermoelectric system. As a development partner and adjacent application of ThermoTek's core platform, it is a relevant emerging player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/thermotekinc
• LinkedInlinkedin.com/company/thermotek-inc.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ThermoTek