Neofect

Neofect Overview

Company Headquarters: California, US

Founded: 2010

Workforce: ~50-200

Company Working: Neofect develops innovative smart rehabilitation solutions to help patients with neurological and musculoskeletal injuries. Neofect utilizes portable, lightweight, and affordable equipment to perform training exercises. Its smart rehabilitation solutions are designed to allow therapy training through games. The company offers clinically proven rehab programs customized to each patient for a faster recovery.

Neofect smart rehabilitation solutions are developed by utilizing clinical evidence, which provides optimal therapies for each patient on the basis of proprietary algorithms and clinical data. It also reflects the patient’s personal motivation to maximize their rehabilitation training. Neofect was awarded the VirtualTech award and MedTech Breakthrough award for its Smart Board for Home NextGen. It is a gamified rehabilitation device for stroke patients to be used at home.

Strategy

Neofect utilizes artificial intelligence to construct a rehabilitation paradigm that inspires hope for patients in need of rehab. The company aims to help patients all around the world, including, but not limited to, those unable to receive appropriate treatment due to economic or geographic reasons. Its goal is to keep patients motivated and eager to accelerate their recovery.

Company Snapshot

200

Employees

2010

Founded

California, US

Headquarters

SWOT Analysis

Strengths

Diverse product portfolio in rehabilitation solutions
Recognized with awards

Weaknesses

Limited regional presence

Opportunities

Growth opportunities by acquisitions and partnerships

Threats

Intense competition
Stringent regulatory policies

Key Developments

Date	Approach	Development
April 2018	New Product Launch	Neofect launched digital cognitive rehabilitation therapy, RAPAEL ComCog, in the US. RAPAEL ComCog cognitive rehabilitation program, the software, which is already available in South Korea, enhances memory and response and seeks to prevent cognitive decline through games.
April 2018	New Product Launch	Neofect launched Smart Pegboard, a digital pegboard for functional and cognitive rehabilitation.
May 2017	New Product Launch	Neofect launched Smart Board, a medical device that is accessible to any patient with issues in functional movements due to damage in shoulder or elbow joints to improve the functional arm reaching ability.
November 2016	Expansion	Neofect established the European office in Munich, Germany.
October 2016	New Product Launch	Neofect launched Neofect Smart Kids, a rehabilitation training tool utilizing cutting edge sensors for children with developmental disabilities related to central nervous system disorders and muscular, nervous system complications.

Product Offering

Neofect
- Smart Rehab Solution

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