Revolutionizing Surgical Training and Success with OSSO VR

TL;DR

OVR is a low-cost surgical simulator that addresses the training gap in orthopedic surgery, using virtual reality technology to provide realistic practice scenarios.

Transcript

now we've got a really interesting company um ASO VR Justin Brad who's a a physician uh orthopedic surgeon and uh we have a great connection as Justin's cousin John is sitting here somewhere is sitting here somewhere used to work for us work for me part of my business development team so it's great to have the family back on stage so uh thanks for ... Read More

Key Insights

• 🥺 The training gap in orthopedic surgery is a critical issue, as surgeons may graduate without having performed certain procedures, leading to potential complications.
• 🏥 Current surgical simulators are expensive, hindering their adoption by hospitals.
• 😘 OVR's low-cost surgical simulator addresses the training gap by providing realistic training scenarios using virtual reality technology.
• 😷 The team at OVR consists of experts in both medical and virtual reality fields, ensuring a unique blend of expertise.
• 💗 The market for orthopedic devices is growing, estimated to reach $40 billion by 2019, presenting a significant opportunity for OVR.
• 😒 The use of virtual reality and GPU technology has lowered the barrier to entry for surgical simulation, leading to potential market growth.
• 😷 OVR is in talks with major medical device manufacturers for pilot projects and considering a clinical validation study with UCLA.

Questions & Answers

Q: What is the training gap in orthopedic surgery and how does it affect patient care?

The training gap refers to surgeons graduating from their training programs without having performed certain complex procedures. This lack of hands-on experience can lead to longer surgery times and potential complications, impacting patient care.

Q: Why have current surgical simulators not gained much traction?

Current surgical simulators are expensive, with prices up to $250,000, which most hospitals are unwilling to pay. This has limited their adoption and accessibility, leaving a gap in the market for a lower-cost alternative.

Q: How does OVR's surgical simulator address the training gap?

OVR provides a low-cost surgical simulator using virtual reality technology. It offers realistic training scenarios, allowing orthopedic surgeons to practice complex procedures and become familiar with various devices and components.

Q: Who are OVR's target users and what has been the feedback so far?

OVR's target users are orthopedic surgeons, surgical techs, nurses, and device company representatives. User feedback has been positive, with experts recognizing its potential and being impressed by its realistic simulations.

Summary & Key Takeaways

• Surgeons graduating from their training program often lack experience in certain procedures, leading to a training gap in orthopedic surgery, which can result in longer surgery times and potential complications.

• Current surgical simulators are expensive, making them inaccessible to many hospitals.

• OVR offers a low-cost surgical simulator using virtual reality technology, providing realistic training scenarios for orthopedic surgeons.