POLYPECTOMY SNARE
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user value
Our device helps a significant portion of the surgeon population by reducing surgical complications due to adjusted use of handheld surgical devices.
A better polypectomy procedure means a lower chance of you developing colorectal cancer without your doctor’s comfort as an expense.
A more efficient procedure will also save you a lot of valuable time and money!
market and regulation
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Device Class: II
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Regulatory Requirements: 510k premarket notification ($10,953), FDA authorization and approval (1 to 2 months), adherence to current good manufacturing practices, labeling requirements to distinguish it from other competitors
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Incidence: 14 million polypectomy procedures done annually [4]
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Price Point: $25 (compare to manufacturers such as CONMED and Boston Scientific)
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Market Value: $350 million (a large enough market for potential investors and stakeholders)
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Future endeavors: Continued testing and refinement, optimizing product for cost, creating a snare that surgeons with any hand size can use, etc.