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Disposable Medicine Inserter disposable rectal/vaginal medicine insertor for consumer There are currently no reviews for this Innovation.
| Disposable Medicine Inserter
disposable rectal/vaginal medicine insertor for consumer |
|
This is a flexible, disposable, sanitary device which can be used to accuratly insert rectal/vaginal medicines and is of recyclable polypropolene. |
 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 |
$0 |
$42,000 |
$290,000 |
2 of 5
Successful Prototypes
|
5 of 5
Granted Patent Claims
|
39 29 is
Average
|
| Low Support |
$540,000 |
$1.3 M |
$3.0 M |
| Medium Support |
$4.5 M |
$9.3 M |
$18.5 M |
| High Support |
$12.3 M |
$25.0 M |
$49.6 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$23.9 M |
$48.5 M |
$93.8 M |
6 mos-1 yr
|
$100k-$1M
|
Disposable Medicine Inserter
- disposable rectal/vaginal medicine insertor for consumer
Final Decision Maker: consumers who use rectal/vaginal creams, gels, or suppositories
My product is a disposable applicator which inserts medicines of different kinds into the human body either rectally or vaginally without exposing either the user or the receiver of medicines to diseases such as HIV, HBV or HCV due to rips, tears or small invisible holes in gloves. It also eliminates exposure of either person to latex rubber proteins which can cause allergic reactions. The applicator can be made in different sizes for infants, children and adults with repositionable stops that prevent inserting applicator beyond a desirred length into the body cavity. The applicator (medicine inserter) can be used by individuals, untrained persons or by persons with physical conditions which restrict their range of motion. My product offers a less invasive way to insert medicine. It reduces waste of medicine either due to melting or a persons inability to insert medicines rectally the first time. The applicator can be recycled. When I had hemorrhoids I could not find a product to insert rectal suppositories. All that was avaliable were re-usable devices or devices simular to finger cots. I was desperate! I was wasting so much medicine and could not insert the suppositories no matter how hard I tried. As a result, I ended up making a crude device that did the job. Thus my invention was born. There are well over 275 different types of suppositories used for other medical problems besides hemorrhoids. I have a letter from a pharmacist in which he states "It has been my experiance as a practicing pharmacist that the biggest hinderance to having patients use suppositories is the current method of application (the human finger). Many patients have refused to use suppositories for that fact alone. The applicator will give the patient a way to insert suppositories both easily and cleanly thus increasing patient compliance and theraputic outcome. It is the answer we have long been looking for." Current products used for hemorrhoidal sufferers or those that have a yeast infection have to be washed and re-used. Ours is a disposable one-use inserter. It is better because cleaning a used medicine inserter is nasty and disgusting. My medicine inserter can also be used by a pet owner or a vet to insert rectal medicines into dogs or cats.
| $9.00 for a package of 12 | Seeking: Purchase, Investment, Distribution |
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* 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.76.100309.002 |
Page 1 of 5 |
Date Posted: 2009-11-09 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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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 |
24,000,000 |
50% |
There are over 250 types of suppositories produced in the USA. Dosages range from 1-4 daily. At least 120,000 users of each suppository at minimum.
|
| Revenue per First Purchase |
$9.00 |
30% |
My basis for estimates is that first time buyers would buy one package at a time. |
| % that will Repeat |
30% |
30% |
based on using re-purchase rate of a consumable product |
| Number of Annual Repeats |
6 |
20% |
Some customers may use medicines once and be well while others have to purchase six times or more due to repeated symptoms and need for more medicine, thus a need for repeated buys |
| Revenue per Repeat Purchase |
$18.00 |
20% |
A customer's repeat purchase of two packages would be for convienience and it would be a time saver as far as eliminating an extra trip to the store. |
| Reseller (Trade) Margin |
50% |
30% |
Figures are based on types of reseller selling the product. For example: grocery stores, supercenters, convenient stores and pharmacies just to name a few. |
| Producer Profit (EBITD) |
35% |
30% |
The manufacturing cost is extremely low and high set prices lead to a nice profit margin. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
U.S. Patent #6,109,348 B1 Disposable Applicator
My disposable rectal/vaginal medicine applicator/inserter is in a workable prototype stage. |
| Cost to First Sale (remaining) |
$100k-$1M |
30% |
If the manufacturer has to have a clean room and makes a 32 cavity mold the price has been estimated to be $350,000.00+ which does not include other costs |
| Time to First Sale (remaining) |
6 mos-1 yr |
30% |
It takes approximately 20 - 30 weeks to make a mold plus time to make any corrections that may be needed as well as getting a clean room ready if necessary |
| Confidence in Concept Claims made in description |
40% |
I used the prototypes I made when I had hemorrhoids and they worked 100% of the time. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
I have been granted an utility patent |
| 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.76.100309.002 |
Page 2 of 5 |
Date Posted: 2009-11-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
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| Inventor(s) Sales Goals |
| Minimum Goal |
$1 M |
Current GOAL |
$10 M |
This Disposable Rectal/Vaginal Medicine Inserter is: sanitary, 100% recyclable, easy to use, flexible, has a repositional stop for depth control |
Inventor(s) Commentary:
Our objective is to present ALL, rectal/vaginal medicine users with an alternate less invasive means of inserting medicines. We want to fill an overlooked niche in medical needs. Our applicator will give individuals and caregivers of both humans and pets a desired sanitary means of medicine insertion. Our applicator will eliminate blood borne pathogens from passing from recipient to care giver and visa versa. I have a more informative power point available for viewing. |
|
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 |
$0 |
$42,000 |
$290,000 |
| Low Support |
$540,000 |
$1.3 M |
$3.0 M |
| Medium Support |
$4.5 M |
$9.3 M |
$18.5 M |
| High Support |
$12.3 M |
$25.0 M |
$49.6 M |
| Ultra High |
$23.9 M |
$48.5 M |
$93.8 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 |
$1 |
$66,000 |
$450,000 |
| Low Support |
$830,000 |
$2.0 M |
$4.5 M |
| Medium Support |
$7.0 M |
$14.3 M |
$28.4 M |
| High Support |
$19.5 M |
$38.4 M |
$75.3 M |
| Ultra High |
$37.1 M |
$74.3 M |
$143.9 M |
If PRODUCT/SERVICE Improved (Increase 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 |
$1 |
$65,000 |
$520,000 |
| Low Support |
$840,000 |
$2.3 M |
$5.8 M |
| Medium Support |
$6.9 M |
$16.3 M |
$35.3 M |
| High Support |
$19.4 M |
$44.5 M |
$94.5 M |
| Ultra High |
$35.9 M |
$82.6 M |
$177.8 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 |
$1 |
$100,000 |
$750,000 |
| Low Support |
$1.3 M |
$3.5 M |
$8.6 M |
| Medium Support |
$10.8 M |
$24.9 M |
$53.0 M |
| High Support |
$29.1 M |
$68.3 M |
$142.8 M |
| Ultra High |
$55.4 M |
$129.5 M |
$269.9 M |
|
| Listing #: USA.76.100309.002 |
Page 3 of 5 |
Date Posted: 2009-11-09 |
| ©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 |
3.9% |
5.9% |
8.1% |
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 |
$940 |
$2,700 |
$5,900 |
$8,000 |
| Low Support |
$15,000 |
$37,000 |
$73,000 |
$110,000 |
| Medium Support |
$98,000 |
$240,000 |
$460,000 |
$710,000 |
| High Support |
$260,000 |
$660,000 |
$1.3 M |
$2.0 M |
| Ultra High Support |
$510,000 |
$1.2 M |
$2.4 M |
$3.7 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% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 62311 - Nursing Care Facilities |
| 62211 - General Medical and Surgical Hospitals |
| 44611 - Pharmacies and Drug Stores |
| 33911 - Medical Equipment and Supplies Manufacturing |
| 32619 - Other Plastics Product Manufacturing |
|
| Patent Numbers that apply to this Product/Service |
| 6,190,348 B1 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
23 |
| GRANTED Patents |
1 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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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"
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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.
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| Listing #: USA.76.100309.002 |
Page 4 of 5 |
Date Posted: 2009-11-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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|
 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 |
$6,600 |
$47,000 |
| Low Support |
$85,000 |
$210,000 |
$470,000 |
| Medium Support |
$720,000 |
$1.5 M |
$2.9 M |
| High Support |
$2.0 M |
$4.0 M |
$7.9 M |
| Ultra High |
$3.8 M |
$7.7 M |
$14.9 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 |
$12,000 |
$83,000 |
| Low Support |
$150,000 |
$370,000 |
$840,000 |
| Medium Support |
$1.3 M |
$2.6 M |
$5.2 M |
| High Support |
$3.5 M |
$7.0 M |
$14.0 M |
| Ultra High |
$6.7 M |
$13.6 M |
$26.4 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.76.100309.002 |
Page 5 of 5 |
Date Posted: 2009-11-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
