ColoWrap
Innovative anti-looping device for colonoscopies, enhancing safety for patients and endoscopy staff.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | $75.0k | Grant | |
| Total Funding | 000k | ||
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ColoWrap is a medical device company specializing in the development of an innovative anti-looping device designed to improve the safety and efficiency of colonoscopies. The company primarily serves gastroenterologists and endoscopy staff in both inpatient and outpatient settings. Operating within the medical technology market, ColoWrap's core product mitigates the common issue of looping during colonoscopies, which occurs in up to 90% of procedures. This device minimizes the need for manual pressure and patient repositioning, thereby reducing the risk of musculoskeletal disorders (MSDs) among endoscopy staff and enhancing patient comfort.
The business model revolves around the sale of its proprietary device to hospitals, clinics, and medical practices. Revenue is generated through direct sales and potentially through partnerships with medical equipment distributors. By addressing a critical pain point in the colonoscopy process, ColoWrap not only improves procedural outcomes but also contributes to higher job satisfaction and retention rates among GI nurses and staff.
Keywords: anti-looping device, colonoscopy, gastroenterology, patient safety, endoscopy staff, musculoskeletal disorders, medical technology, procedural efficiency, hospital revenue, job satisfaction.