BioElectronics

What BioElectronics does

BioElectronics Corporation is a Frederick, Maryland-based medical device developer founded in 2000 that designs, manufactures, and distributes non-invasive bioelectroceutical devices for pain management and wound healing. The company's core technology is Pulsed Shortwave Therapy (PSWT) / Pulsed Electromagnetic Field (PEMF) operating at 27.1 MHz, delivered through a small wearable adhesive device with a flexible antenna that emits less than 1 milliwatt of power to provide up to 720 hours of continuous home therapy. The technology is protected by US Patent No. 8,412,328, WIPO publication WO2013059804, a South Korean patent allowance, and a portfolio of 9 granted plus 8 pending international patents.

The company's product portfolio includes ActiPatch Therapy (OTC musculoskeletal pain relief at ~$30 retail), RecoveryRx (postoperative and chronic wound care distributed to healthcare professionals), Allay Menstrual Pain Therapy, Smart Insole for heel pain/plantar fasciitis, and veterinary products (HealFast, PetPatch Loop). BioElectronics sells through a dual-channel model: consumer OTC via retail pharmacy chains (Boots, Superdrug, Lloyds, Costco, Showcase), Amazon, and a Facebook "Try It and Tell Us" sampling program achieving approximately 70% sample-to-purchase conversion; and professional medical via enterprise distributors including B. Braun Medical (UK orthopaedics exclusive), D.E.N. Medical (Benelux), and Gro-International (400,000+ professional pharmacies across Europe and Africa), plus regional exclusive distributors in 20+ countries. CE Mark (November 2020) enables access to 33+ countries; Cofepris clearance enables Mexico launch (March 2022).

The company is publicly traded on OTC Pink Sheets under ticker BIEL after voluntarily terminating SEC registration in April 2011. Major convertible debt is held by Ibex LLC and St. John's LLC, both controlled by Whelan family members who have agreed to forgo interest for three consecutive years. Leadership includes Chairman Richard Staelin, Ph.D. (Duke Fuqua professor), President Andrew J. Whelan, EVP Dr. Deepak Kotak (Oxford-trained clinician), and a Medical Advisory Board headed by Dr. Lawrence L. Michaelis (Emeritus Professor of Surgery, Northwestern). The company has been recognized with multiple OTC Marketing Awards (2013-2014) for product innovation and packaging design.

Name

BioElectronics

Legal name

BioElectronics Corporation

Website

https://bielcorp.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

BioElectronics Corporation develops and markets non-invasive bioelectroceutical medical devices using Pulsed Electromagnetic Field technology for drug-free pain management, serving consumers with chronic musculoskeletal pain via retail pharmacies and healthcare professionals through medical distributors across 20+ countries.

Ownership category

akta.pro rank

Product category

Medical Devices - Pain Management and Wound Healing

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Electromedical & Electrotherapeutic Apparatus (3845), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro primary industry

Posture, Musculoskeletal & Pain-Relief Devices (Posture Trainers, TENS/EMS, Massage Devices) (CRACAQAK)

Keywords

• Pulsed electromagnetic therapy
• Medical device manufacturer
• Pain management devices
• Postoperative wound care
• Bioelectroceutical devices

Headquarters

HQ city

Frederick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Device Sales (Consumer OTC): Sale of wearable medical devices directly to consumers through retail pharmacy chains (Boots, Superdrug, Lloyds, Costco) and online marketplaces. Revenue from ActiPatch, Allay, Smart Insole, and PetPatch products sold at retail price points ranging from $29-$30.
2. Device Sales (Professional Medical): Sale of RecoveryRx and ActiPatch devices through medical distributors and healthcare professionals for postoperative care, wound care, and orthopaedic applications. Includes B. Braun Medical in UK orthopaedics and D.E.N. Medical in Benelux.
3. International Distribution Revenue: Revenue generated through exclusive and non-exclusive distribution agreements in international markets including Spain, Mexico, Korea, Czech Republic, Italy, Austria, Ireland, Turkey, Philippines, Iraq, Peru, Malaysia, Venezuela, Malta, Balkans, Canada, and others.

Pricing tiers

Go-to-market motion2 records

Distribution channels9 records

Marketing channels6 records

Core offering

BioElectronics Corporation develops, manufactures, and sells disposable, drug-free bioelectroceutical medical devices based on its patented Pulsed Shortwave Therapy (PSWT) / Pulsed Electromagnetic Field (PEMF) technology. The portfolio addresses chronic musculoskeletal pain (ActiPatch), postoperative and wound care (RecoveryRx), menstrual pain (Allay), heel pain (Smart Insole), and veterinary pain (PetPatch/HealFast), sold through retail pharmacies, online marketplaces, and medical distributors in more than 30 countries.

Product overview

BioElectronics Corporation offers a portfolio of disposable, drug-free bioelectroceutical medical devices for pain management and wound healing. The core products include ActiPatch Therapy (over-the-counter musculoskeletal pain relief), RecoveryRx (postoperative and wound care), Allay Menstrual Pain Therapy, and HealFast Therapy (veterinary applications). The Smart Insole provides heel pain relief through Electro-Pulse technology, and PetPatch Loop extends the technology for veterinary use. All products utilize the company's patented pulsed shortwave/pulsed electromagnetic field technology to reduce pain and inflammation and accelerate healing.

Differentiator

Problem solved

Functional benefit

Brands

• ActiPatch: Over-the-counter pulsed shortwave therapy device for musculoskeletal pain relief including back, knee, elbow pain and osteoarthritis.
• RecoveryRx
• Allay
• HealFast
• Smart Insole
• PetPatch

Products and services

• ActiPatch Therapy Over-the-counter pulsed shortwave therapy device for musculoskeletal pain relief, providing 720 hours of continuous treatment for back, knee, elbow and other musculoskeletal complaints. Retail priced at approximately $30 (£19.99 at Boots UK).
• RecoveryRx Postoperative and wound care therapy device that reduces pain, inflammation and accelerates healing through bioelectroceutical technology. Distributed through medical channels including B. Braun Medical Ltd in UK orthopaedics and D.E.N. Medical in Benelux.
• Allay Menstrual Pain Therapy Over-the-counter menstrual cycle pain therapy device providing drug-free relief for menstrual cramping, bloating, and sore breasts.
• HealFast Therapy Bioelectroceutical therapy device for dogs, cats and horses providing drug-free pain relief and healing.
• Smart Insole Heel Pain Therapy Combination of advanced Electro-Pulse technology and comfortable gel insoles clinically proven to safely reduce heel pain from plantar fasciitis.
• PetPatch Loop Fourth generation drug-free anti-inflammatory medical device for use on pets and horses, priced at $29.99.

Quantifiable outcome

• 57% average pain reduction for 65% of ActiPatch users across multiple chronic pain conditions
• +10 more outcomes

Named customers3 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

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Omron Healthcare: Omron Healthcare is a large consumer-health brand selling TENS and electrotherapy pain-management devices globally through retail pharmacies and its own channels. Comparable to BioElectronics in OTC pain-device product category and pharmacy-channel distribution, but with a much broader health-and-wellness portfolio and brand scale.
• BTL Industries: BTL Industries manufactures PEMF, shockwave, and high-intensity focused electromagnetic devices used in physiotherapy, orthopedics, and pain management. Comparable to BioElectronics because it operates in the same PEMF/electromagnetic-therapy technology class for musculoskeletal pain, but at significantly larger scale across professional aesthetics and rehab segments.
• DJO Global (Enovis): DJO Global (now part of Enovis) is a major orthopedic and rehabilitation medical device company whose Chattanooga brand sells TENS, EMS, ultrasound, and other electrotherapy pain-management devices used by clinicians and sold OTC. Comparable to BioElectronics across product category (electrotherapy pain devices) and channel mix (clinical + consumer), but with vastly broader portfolio and distribution scale.

Direct peers

• iTENS: iTENS designs small, wearable, smartphone-controlled TENS units sold online and through retail pharmacies specifically as a drug-free pain-relief consumer device. Directly comparable to BioElectronics: same wearable OTC TENS-adjacent form factor, same retail-pharmacy and e-commerce distribution, and same consumer chronic-pain positioning.
• NeuroMetrix: NeuroMetrix developed and markets Quell, a wearable over-the-counter neurostimulation device for chronic pain, using a similar wearable-adhesive form factor and direct-to-consumer channel strategy. Highly comparable to BioElectronics' ActiPatch in product type, regulatory pathway, OTC positioning and chronic-pain patient target market.
• Mettler Electronics: Mettler Electronics manufactures TENS, EMS, ultrasound, and shortwave diathermy devices used by physical therapists and clinics for pain management and rehabilitation. Directly comparable to BioElectronics in the underlying electrotherapy product category and in serving musculoskeletal/orthopedic pain indications, though focused primarily on professional channels rather than OTC.
• Zynex Medical: Zynex Medical designs and sells prescription-strength TENS, EMS, and neurostimulation devices for pain management through physicians and direct channels. Highly comparable to BioElectronics: both sell electrical-stimulation pain devices, target chronic and postoperative pain indications, and pursue a mix of OTC-consumer and professional/clinical channels.

Emerging players

• Theranica Bio-Electronics: Theranica developed Nerivio, a wearable neurostimulation device for acute migraine cleared by the FDA and sold via prescription and consumer channels. Adjacent comparable: same wearable-electroceutical category for non-drug pain relief, similar FDA De Novo clearance path, and overlapping consumer vs. clinical go-to-market approach as BioElectronics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bioelectronics
• Xx.com/BielCorp
• LinkedInlinkedin.com/company/bioelectronics-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about BioElectronics