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Showerglide Eliminates falls for patients There are currently no reviews for this Innovation.
| Showerglide
Eliminates falls for patients |
|
The Showerglide eliminates falls to the patient and injury to caregiver during the transfer process from tub side to entry through a rotating pivot chair the patient sits in. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$1 |
$96,000 |
$820,000 |
2 of 5
Successful Prototypes
|
5 of 5
Granted Patent Claims
|
31 29 is
Average
|
| Low Support |
$1.4 M |
$3.9 M |
$8.6 M |
| Medium Support |
$12.8 M |
$27.5 M |
$51.4 M |
| High Support |
$34.9 M |
$75.3 M |
$139.6 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$66.3 M |
$142.8 M |
$263.7 M |
6 mos-1 yr
|
$10k-$100k
|
Showerglide
- Eliminates falls for patients
Final Decision Maker: Care Givers for the Disabled/Elderly
Showerglide rotating tub transfer chair for the disabled is the first available ergonmonic tub aid with a lockable sliding seat pivot and leg lift technology that transfers and rotates the patient 90 degrees from tub side into the tub while sitting thus safely eliminating slips and falls while standing in the bathroom. Showerglide promotes safe care giver practices by reduction of back twist and strain that ocurrs through the normal process of manually lifting, turning and positioning the patient into the tub which is common without the aid of a Showerglide chair. Slips and falls while bathing the disabled or elderly results in broken bones and long recoveries that can be avoided with the Showerglide transfer chair.The Showerglide unit reduces falls by over 50% and improves safety for the care giver by providing a 100% reduction in back twisting and straining compared to manual transfer. The transfer chair eliminates the need to lift the patient and turn him into the tub thus allowing care givers of all sizes and physical strengths to effectively provide a relaxing and stressfree bathing experience to the patient and peace of mind for himself without fear of an accident. The Showerglide contains patented technology that describes the unique design features not available in competing products. The patent is unique because it describes the proprietary pivot and slide technology used to accomplish the patient rotation in a sitting position. The unique lockable positioning of the chair during rotation ensures safety and stability while bathing. These patented features promote safety to the patient and care giver.
| $180 for each chair | Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D |
|
* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.042909.012 |
Page 1 of 5 |
Date Posted: 2009-04-30 |
|
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Report Assumptions and Inventor(s) Commentary
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
20,000,000 |
30% |
Known fact that 44 million people are on Medicare and 40 million elderly population (age 65-100) Estimating 50% have care giver living in their homes or small(under15 patient site)
|
| Revenue per First Purchase |
$180.00 |
40% |
Comparison to competitor products on market now with less benefits. |
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
50% |
40% |
Personal knowledge that durable medical products are marked up 50%. |
| Producer Profit (EBITD) |
20% |
50% |
Based on NAICS table for 3 narrow industry fields that product applies to |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
1 prototype complete. Need to modify product to make it folding for packaging and to allow for patient transport and to put wheels on it for mobility to move patient around house. |
| Cost to First Sale (remaining) |
$10k-$100k |
40% |
Experience on prior development projects and low complexity to complete final design package to get this to a manufacturer |
| Time to First Sale (remaining) |
6 mos-1 yr |
50% |
Drawings and final design package to a manufacturer is only a matter of months based on current design package/drawings and minor changes needed. |
| Confidence in Concept Claims made in description |
60% |
Observation of seniors market for 40 years from insurance career background in Medicare and need to avoid falls. Actual use of the prototype with family. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
Current non-disclosure with Graham-Field (largest durable home health care supplier) |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
 |
|
| Reason to Believe |
 |
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.042909.012 |
Page 2 of 5 |
Date Posted: 2009-04-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$0.3 M |
Current GOAL |
$1 M |
Patient is seated in chair. Leg lifts are raised and locked. Seat is unlocked and rotated 90 degrees. Seat swivel is relocked and leg lift lowered for patient bathing. |
Inventor(s) Commentary:
Can save Medicare and America's health care delivery system big $'s by eliminating patient falls and care giver injuries. Promotes quality of life for a senior citizen to have a device that works with existing bathroom sizes and bathtubs without expensive retrofits to tub or electric lifts. Motivates the infirmed to stay clean by making bathing a less stressful experience. Improves patience of caregiver. |
|
CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$96,000 |
$820,000 |
| Low Support |
$1.4 M |
$3.9 M |
$8.6 M |
| Medium Support |
$12.8 M |
$27.5 M |
$51.4 M |
| High Support |
$34.9 M |
$75.3 M |
$139.6 M |
| Ultra High |
$66.3 M |
$142.8 M |
$263.7 M |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$2 |
$170,000 |
$1.4 M |
| Low Support |
$2.5 M |
$6.5 M |
$14.1 M |
| Medium Support |
$22.7 M |
$47.6 M |
$84.9 M |
| High Support |
$61.2 M |
$130.5 M |
$229.6 M |
| Ultra High |
$117.9 M |
$246.9 M |
$426.8 M |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$2 |
$170,000 |
$1.4 M |
| Low Support |
$2.5 M |
$6.6 M |
$14.1 M |
| Medium Support |
$22.6 M |
$47.6 M |
$84.4 M |
| High Support |
$62.4 M |
$130.7 M |
$226.2 M |
| Ultra High |
$117.9 M |
$247.7 M |
$428.9 M |
|
| Listing #: USA.76.042909.012 |
Page 3 of 5 |
Date Posted: 2009-04-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Details
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
2% |
3.3% |
4.8% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$1,500 |
$4,300 |
$9,000 |
$13,000 |
| Low Support |
$26,000 |
$63,000 |
$120,000 |
$190,000 |
| Medium Support |
$180,000 |
$420,000 |
$760,000 |
$1.3 M |
| High Support |
$510,000 |
$1.2 M |
$2.1 M |
$3.5 M |
| Ultra High Support |
$940,000 |
$2.2 M |
$3.9 M |
$6.5 M |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
N/A |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
% |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 62331 - Community Care Facilities for the Elderly |
| 62399 - Other Residential Care Facilities |
| 62412 - Services for the Elderly and Persons with Disabil... |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| 6681415 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
40 |
| GRANTED Patents |
1 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
|
For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
|
|
CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
|
| Listing #: USA.76.042909.012 |
Page 4 of 5 |
Date Posted: 2009-04-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
|
|
 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$15,000 |
$130,000 |
| Low Support |
$230,000 |
$610,000 |
$1.4 M |
| Medium Support |
$2.0 M |
$4.4 M |
$8.2 M |
| High Support |
$5.5 M |
$11.9 M |
$22.1 M |
| Ultra High |
$10.5 M |
$22.6 M |
$41.8 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$27,000 |
$230,000 |
| Low Support |
$400,000 |
$1.1 M |
$2.4 M |
| Medium Support |
$3.6 M |
$7.7 M |
$14.5 M |
| High Support |
$9.8 M |
$21.2 M |
$39.3 M |
| Ultra High |
$18.6 M |
$40.1 M |
$74.2 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.042909.012 |
Page 5 of 5 |
Date Posted: 2009-04-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
