ArTack Medical at a Glance
ArTack Medical is a privately held, medical device company developing a variety of tools for the multi-billion dollar minimally invasive surgery market.
The tools are based on the Company’s patented Drive Platform, which allows the delivery of torque through a 5mm shaft.
ArTack Medical's first device is the eTack for hernia mesh fixation. eTack offers a comprehensive solution that will revolutionize hernia mesh fixation without changing basic surgical techniques.
The eTack tackles the major drawbacks of traditional mesh fixation procedures and is part of the global trend to convert even the most conservative surgeon from manual to motorized devices.The Company’s solutions are aligned with the accelerating demand for minimally invasive surgery as well as the growth in robotic surgical solutions
The Business Opportunity
With a high hernia incidence rate, hernia repairs are one of the most common surgical procedures. Around 10 million hernia repair procedures are performed annually worldwide, of which about 15% are done by Minimally Invasive Surgery techniques.
The global hernia repair devices and consumables market was valued at $4,156 million in 2016, and is projected to reach $5,554 million at a CAGR of 4.2% from 2017 to 2023. The total addressable market for eTack is about $0.5 billion per year.
The existing devices are limited in providing the Best Treatment to the patient, due to the following problems:
Inability to access the mesh from the current trocar location. In order to complete the procedure, the surgeon has to insert at least one additional trocar.
The surgeon often has to compromise and insert the tacks not vertical to the tissue.
Each Tacker is limited to one type of anchor
TransEnterix Announces the Senhance™ Expansion into Robotic Hernia Repair
“Hernia repairs, both inguinal and ventral, are amongst the most common surgical procedures performed worldwide.
These procedures also represent one of the fastest growing uses of robotics in surgery.”
March 22, 2017
Ziv Tamir, CEO
Mobile: +972 54 4767057
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