Are we seeing a "pattern"? Breakdown of the Hanger acquisition of Coapt w/ surprise guest Blair Lock

The Prosthetics and Orthotics Podcast

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The prosthetics and orthotics industry is witnessing significant consolidation and technological advancement, with Hanger's recent acquisition of Coapt being a prime example of this evolution.
• Coapt's pattern recognition technology transforms how upper extremity amputees control prosthetic devices
• Traditional myoelectric systems use only two sensors while Coapt's system employs an array of 18 sensors
• Machine learning algorithms decode neurological intent, making prosthetic control more intuitive
• Upper extremity amputations represent only about 20% of all amputations, creating a niche market
• Blair Lock, Coapt's CEO, built the company over 13 years without outside investment
• The "slow burn" approach to business growth can be necessary and beneficial in specialized medical technology
• Additive manufacturing plays multiple roles in prosthetics: from prototyping to clinical fabrication
• Regulatory requirements significantly impact the economics of prosthetic technology
• Myoelectric technology has potential applications beyond prosthetics: exoskeletons, industrial robotics, and other human-machine interfaces
Subscribe to the Prosthetics and Orthotics Podcast for more insights into the technological advancements shaping patient care.
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Chapters

1. Introducing Season 10 and Podcast Stats (00:00:00)

2. Structure Scanner Sponsorship Discussion (00:05:23)

3. Hanger's Acquisition of Coapt Technology (00:10:35)

4. Additive Manufacturing in O&P (00:20:45)

5. Blair Lock Joins: Coapt CEO Interview (00:39:34)

6. Human-Machine Interfaces and Technology (00:56:12)

7. International Market Expansion and Costs (01:06:10)

8. Reflections on Company Growth and Success (01:15:51)