Buzzy 4 Shots shark tank Net Worth 2023
It is unclear what the exact net worth of Buzzy is as it has not been publicly disclosed. However, it is estimated to be around $15 million according to one source.
Another source states that the valuation of Buzzy was $10 million when it appeared on Shark Tank and its net worth was $5 million as of 2022.
Buzzy is a pain-blocking device designed to remove the pain of being injected, such as for vaccination shots. Dr. Amy Baxter, the entrepreneur who created Buzzy, appeared on Shark Tank in season 5 episode 18 in search of a $500,000 investment in exchange for a 5% stake in her business. However, she did not receive any offers from the Sharks and left without a deal.
After appearing on Shark Tank, Dr. Baxter continued to sell Buzzy directly to families, hospitals, and clinics.
She believes that Buzzy has already been installed in approximately 5,000 hospitals and clinics. As of November 2021, Pain Care Labs (formerly known as Buzzy) has an estimated net worth of $5 million.
What is Buzzy 4 Shots? Who is the Founder of Buzzy 4 Shots?
Buzzy is a small, innovative device that helps reduce the pain associated with injections, including those used for vaccinations.
This unique device is shaped like a bee and has ice-pack wings that use two pain control theories to transmit cold and buzzing sensations instead of the needle prick.
According to Dr. Baxter, Buzzy has been used in over 1200 hospitals and has more than 35,000 users. Dr. Baxter was named one of Inc. Magazine’s Top Women in Technology to Watch for her groundbreaking work in developing Buzzy.
Buzzy is not just for children. It can also be used for allergies, dermatology, diabetes, and other medical procedures.
Dr. Amy Baxter, a Pediatric Emergency Physician, founded Buzzy in 2009 after realizing that patients were more concerned with their personal discomfort than doctors.
Her invention was an excellent tool for children who were afraid of needles, but it could also be used for a wide range of patients and circumstances.
Dr. Baxter had to establish an official corporation to qualify for small business awards, so she did. Clinical studies have been conducted to validate the effectiveness of Buzzy.
Today, Buzzy is available in various sizes and versions, and Pain Care Labs, which Dr. Baxter leads as CEO, has introduced a growing range of additional products, including VibraCool for knees, elbows, and plantar fasciitis, and the DuoTherm, which combines vibration, hot, cold, and acupuncture.
Buzzy 4 Shots Shark Tank Pitch
Dr. Baxter was featured on an episode of Shark Tank in the fifth season, seeking a $500,000 investment for a 5% stake in her company, which suggested a valuation of $10 million.
Her product, called Buzzy, had undergone clinical studies and demonstrated a 50-80% reduction in discomfort.
Buzzy was already being used in 1,200 hospitals and clinics, and the company held two patents, with four patent applications pending and two foreign patents in progress.
Despite having only six part-time employees and no sales representatives, Buzzy had generated $660,000 in gross profit and $270,000 in net profit, despite no active sales efforts. However, Kevin O’Leary expressed concern about the value and lack of a unified sales plan.
Dr. Baxter hoped to use the investment to scale Buzzy and sell the product in big box retailers, but Lori Greiner and Kevin O’Leary advised her to market to physicians instead of consumers.
Barbara Corcoran, who had previous experience in the medical consumer product industry, was hesitant to invest in the venture.
Although O’Leary and Robert Herjavec offered $500,000 for a 20% stake in the company, Dr. Baxter rejected the offer, believing that it required too much equity.
Mark Cuban made the same offer, but Dr. Baxter declined and left the Tank without securing an investment from any of the Sharks.
However, Buzzy continued to sell directly to hospitals, clinics, and families, and has since expanded its product line to include VibraCool Vibrational Cryotherapy and DistrACTION devices for a range of chronic pain conditions.
The company has since been renamed Pain Care Labs and has a yearly revenue of $5 million as of November 2021.
Buzzy 4 Shots Net Worth
Dr. Baxter appeared on Shark Tank season 5 episode 18 in search of a $500,000 investment in exchange for a 5% stake in the firm. This suggests a $10 million valuation.
Buzzy 4 Shots Competitors
Buzzy 4 Shots faces competitions in its market space that includes; ShotBlocker.
Buzzy 4 Shots Shark Tank Updates
Buzzy is a pain-blocking device that takes the sting out of getting a shot, created by Dr. Amy Baxter. It is a vibrating bee with ice pack wings that helps relieve injection site discomfort and is particularly useful in pediatrics. Buzzy has been tested in clinical trials and reduces pain between 50% and 80%.
It is already in 1,200 hospitals and clinics. Dr. Baxter launched the product in 2009 with start-up grants from the May Fund, the National Institute for Health, and Kimberly Clark.
Dr. Baxter appeared on Shark Tank in season 5, episode 17, seeking an investment of $500,000 in return for 5% of the company. However, none of the Sharks made a deal with her.
Despite not getting a deal, Dr. Baxter continued to grow the company by selling the product to hospitals, clinics, and families directly. By 2015, Buzzy was being used at 5,000 hospitals and clinics. As of 2023, the company is still going strong, with an estimated $1 million in revenue per year.
In addition to Buzzy, Dr. Baxter has expanded the range with Vibracool, a device that combines cold and vibration to relieve pain. She has also written a book called Shark Bites, in which she discusses her post-Shark Tank experiences.
Buzzy 4 Shots Shark Tank Pitch and Net Worth
| DESCRIPTION | DETAILS |
| Shark Tank Appearance | Dr. Amy Baxter appeared on Season 5, Episode 18, seeking $500,000 for a 5% stake, valuing the company at $10 million |
| Company Worth | Estimated to be $15 million by one source, while another source states that it was worth $5 million in 2022 |
| Founder | Dr. Amy Baxter, a Pediatric Emergency Physician |
| Buzzy 4 Shots | A device designed to reduce the pain of injections, with over 35,000 users and available in various sizes and versions |
| Clinical Studies | Conducted to validate the effectiveness of Buzzy |
| Competitors | ShotBlocker |
| Updates | Pain Care Labs (formerly known as Buzzy) has a yearly revenue of $5 million as of November 2021 |
Buzzy 4 Shots FAQS
What Are Buzzy 4 Shots And How Does It Work?
Buzzy 4 Shots is a pain-blocking device that helps relieve injection site discomfort, particularly in pediatrics. It uses vibration and cold to take the brain’s attention away from the shot, operating on the principles of the Gate Pain Control theory.
Buzzy comes with a small ice pack that attaches to the device to place against the skin. To use Buzzy, the ice wings must be frozen solid to avoid absorbing heat from the skin. Place Buzzy directly on the site of the injection for 30-60 seconds, then move up and hold/secure during the injection.
Buzzy must be placed proximal to the pain to be most effective, going between the pain and the brain. Once Buzzy is being held in place, press the button or switch on the top of Buzzy and hold it in place for a minimum of 3 minutes.
Buzzy works on contact and allows for faster procedures with less patient distress compared to creams or sprays. It is clinically proven and FDA registered to control pain safely and effectively.
How Does Buzzy Work To Reduce Pain?
Buzzy works by using a combination of vibration and cold to engage the nerve fibers in a way that can help “interrupt” a pain signal en route to the brain.
The device is placed directly on the site of the injection for 30-60 seconds, then moved up and held securely during the injection.
Research shows that Buzzy allows for faster procedures with less patient distress compared to creams or sprays.
Buzzy is recognized as an effective device for rapidly relieving injection pain in hospitalized children. It is easy to use, inexpensive, and fast-acting for reducing procedural pain.
Who is the Founder of Buzzy 4 Shots?
Buzzy 4 Shots was founded by Dr. Amy Baxter in 2009.
What Was The Outcome Of The Buzzy 4 Shots Shark Tank Pitch?
During the Shark Tank pitch, Dr. Amy Baxter requested an investment of $500,000 in exchange for a 5% stake in Buzzy.
She demonstrated how Buzzy works and how it helps to alleviate pain after injection1. However, none of the Sharks made a deal with her. Despite not receiving a deal, Dr. Baxter continued to grow the company by selling the product to hospitals, clinics, and directly to families.
By 2015, Buzzy was being used at 5,000 hospitals and clinics. As of 2023, the company is still going strong with an estimated $1 million in revenue per year.
What Happened To Buzzy 4 Shots After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Buzzy did not receive a deal from any of the Sharks. However, Dr. Amy Baxter continued to grow the company by selling the product directly to hospitals, clinics, and families. By 2015, Buzzy was being used at 5,000 hospitals and clinics.
In 2023, the company is still going strong with an estimated revenue of $1 million per year. The exact net worth of Buzzy is unclear as it has not been publicly disclosed, but it is estimated to be around $15 million according to one source.
Another source states that the valuation of Buzzy was $10 million when it appeared on Shark Tank and its net worth was $5 million as of 2022.
How much was she seeking in the Shark Tank?
Dr. Amy Baxter was seeking $500,000 for 5% stake in her company.
Did she get the deal from the Sharks?
Dr. Baxter got no deal from the Sharks.
How much does a buzzy cost?
A gadget costs between $70 and $100, or $40 for a consumer version. They include “distraction cards” for kids and paediatric personnel.
Does Buzzy really work?
Buzzy alleviates pain without the need of medicines. The buzzing works in the same way that massaging a swollen elbow relieves pain and cold flowing water cools a burn.
Buzzy can be used alone or in conjunction with other methods of pain management if necessary.
Is Buzzy a medical device?
Baxter was fortunate in that the FDA classified Buzzy as a Class I medical device, which considerably eased the regulatory process in the United States. The gadget is now accessible all over the world.
What is a buzzy bee?
The Buzzy Bee is a portable vibrating gadget with detachable ice wings that may be used to provide pain treatment and diversion for children enduring unpleasant operations.
Is Expedited Shipping Available?
They don’t provide expedited shipment. Orders received before 11 a.m. EST are normally sent the same day.
The majority of items are mailed by USPS and arrive between 2-5 business days. Amazon has the most expedited shipping choices.
How quickly do they ship online orders?
Orders for in-stock goods are sent within 1 – 2 business days. The delivery time depends on the amount of shipping service chosen. They are unable to ship using DHL.
Does Buzzy work for shots?
Buzzy operates by making contact. Compared to lotions or sprays, Buzzy enables for speedier treatments with less patient suffering, according to research.
What is net worth of Amy Baxter?
Amy Baxter’s net worth is unavailable.
Where is Buzzy located?
They are based in Atlanta, Georgia, United States.
