Founded Q1 2020
Stage In Formation, Technology Development
Investors The Trendlines Group, Trendlines Medical Singapore
Nice Surgical is developing a stapling device that serves to divide the bowel at the proximal and distal level of resection as well as place a ‘pursestring suture’ to prepare the bowel for the Intra Corporeal Anastomosis (ICA). The stapling device accomplishes two critical tasks by simultaneously stapling closed the specimen while applying a ‘pursestring suture’ to the portion of the bowel to be used for an end-to-end circular stapled anastomosis.
More than 8 years’ experience in mechanical design and development and project management.
In 2018, the total global market size for cutters and staplers used in colorectal surgery is estimated at ~ USD 1.4 billion. There are approximately 2 million colorectal surgeries done annually and of these, 50% of the surgeries are related to left side colon where the colorectal laparoscopic system directly addresses. The United States of America is the largest market for laparoscopic colorectal surgery, where it captures ~35% of the market and growth was seen at ~8.5% growth in the last 5 years and is expected to maintain its growth rate over the next 5 years.