US approval = 2011
EU approval = 2013
China approval = 2015
40,000 procedures means around 10,000 patients (since each patient usually gets both armpits done twice -- i.e., most patients get 4 treatments).
Assuming some patients do not get all 4 treatments, we can extrapolate that 15,000 people have been treated with MiraDry since 2011. This seems low in my opinion, since even one of my local clinics has treated over 200 patients and there are several clinics in my city that carry MiraDry. Perhaps not all clinics are reporting results?
SANTA CLARA, Calif., July 16, 2015 /PRNewswire-iReach/ -- Global aesthetic company Miramar® Labs, Inc., announced today that it has received State Food & Drug Administration (SFDA) approval for the marketing and sale of the miraDry® system in the People's Republic of China. The approval follows US Food and Drug Administration (FDA) clearance of miraDry in January 2011 and (CE) Mark approval in December 2013. The miraDry system utilizes the Company's proprietary miraWave™ technology and is the first system to permanently eliminate apocrine and eccrine glands in the axilla which are the cause of unwanted sweat and odor.
"We are excited that miraDry has received marketing and sales approval for the Chinese market," commented Mike Kleine, CEO and President of Miramar Labs. "This approval represents a significant opportunity in furthering our expansion in the Asian markets and fortifies our global leadership in the aesthetic market for sweat and odor reduction."
The miraDry system is currently distributed in over forty  countries worldwide. The company reports over 40,000 miraDry treatments, and sweat reduction is one of the fastest growing segments in aesthetics. With a population of over 1.4 billion people, expansion into China represents the largest growth opportunity for miraDry, as well as the aesthetic market, and the company is targeting very robust system sales in the first year alone.
miraDry and other new laser, microwave, radiofrequency and ultrasound based treatments (SweatX, Ultherapy, PrecisionTx).
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