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June 25, 2019

Creo Medical receives orders for Speedboat device

Creo Medical Group has received its first commercial orders for its Speedboat device from two hospitals in the US.

Creo Medical Group has received its first commercial orders for its Speedboat device from two hospitals in the US.

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According to the company, Speedboat is the first in a range of gastrointestinal (GI) devices to be cleared for use with the Croma Advanced Energy platform.

The platform combines bipolar radiofrequency energy for precise tissue dissection along with microwave energy for coagulation and tissue ablation.

Creo Medical Group CEO Craig Gulliford said: “Initial revenues from the first device this year is once again in-line with expectations and combined with the clearance and launch of a suite of further GI devices in the coming year, we are on-track for scaling up the commercial launch of a suite of game changing GI products.

“We are all really focused on extending this impact with more physicians trained and with more products launched over the coming months.”

The purchase orders follow the successful launch of Creo Medical ’s Clinical Education Programme in the US.

They are a follow-on order of the disposable Speedboat devices following the initial sales of products for training purposes.

Creo Medical noted that these first commercial sales represent a key milestone for the company as it launches the full range of products for the CROMA platform.

GI Endoscopists in the UK, South Africa, Mainland Europe and the US have used the company’s Speedboat device to perform multiple successful treatments, removing lesions in upper as well as lower GI cases. It is designed to reduce the risks associated with alternative open, laparoscopic and existing endoscopic procedures as well as reduce extended hospital stays.

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Medical Device Industry Landscape In Asia-Pacific

GlobalData's APAC Medical Devices Industry Landscape – 2022 free study breaks down the APAC medical devices market by segment and region and includes insights on local and global competitors, pipeline product developments, clinical trials studies, and significant deals in the industry. The APAC medical device industry witnessed significant developments, launches, implementations, and adoption of new medical device technologies in the past decade, however the high cost of devices, regulatory hurdles, reimbursement pressure, and healthcare budget constraints have challenged market expansion across various territories and segments. APAC is the fastest growing regional market for medical device clinical trials, with China and Japan emerging as major clinical trial hotspots. The growth in medical device clinical trials in the APAC region is attributed to an increase in research partnerships between biopharma companies and clinical research organizations (CROs). This report also provides an in-depth analysis of the medical device market's opportunities and challenges, the influence of COVID-19 on the market, and government activities aimed to develop the APAC medical device market.
by GlobalData
Enter your details here to receive your free Report.

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