Traditional urinary bladder cancer diagnostics and treatment methods are expensive. They require extensive work and several operations with an extremely high recurrence risk.
Urinary bladder cancer has the highest per patient lifetime treatment costs of any cancer. The paper ”Economic Burden of Bladder Cancer Across the European Union” estimates that bladder cancer cost EU €4.9 billion in 2012. This amounted to 3 percent of all cancer costs.
It is estimated that upwards of $5.71 billion will be spent on bladder cancer in the US in the year 2020. The high cost shows the great need to improve both the diagnosis and the management of bladder cancer for the benefit of patients, healthcare systems and payers.
Today’s methods are also labor intensive and time consuming.
Multi4 cuts away everything while adding value in the process.
Diagnostic examination and treatment are performed at the same visit in just 30 minutes.
There are many surgeries performed annually for bladder cancer, not least because the recurrence rate is so high. In the EU5 countries, 360,000 surgeries and in the United States, 315,000 are performed annually (transurethral resections of bladder cancer). These procedures can instead be performed with the Multi4 instrument. In addition, the technology is scalable and can be used for cancer in other organs, which is a very large market.
The global market for endoscopes and associated equipment has an annual turnover of EUR 22,5 billion. Approximately 30% of this market. EUR 7 billion, consists of endoscopy accessories.
The market for diagnostic endoscopic biopsy instruments is expected to continue to grow from approximately EUR 1.5 billion in 2016 to approximately EUR 2.2 billion in 2022. Unfortunately, the number of cancer patients is increasing annually, new screening programs are introduced and the need for tissue sampling for diagnostics is increasing.
Multi4 collaborates with RISE – The research institute of Sweden.
RISE is a strong innovation partner who provides comprehensive support and a broad range of perspectives. RISE coordinates innovation research on Multi4 and assists with important regulatory expertise.
We work in parallel with many processes instead of serially to ensure a fast and high-quality journey towards launch so patients can get diagnosis and treatment of their cancer at the same time in an easier way with less suffering and waiting times, while healthcare and society save millions.
Don’t hesitate to contact us if you want to join our journey to fight cancer and reduce suffering for cancer patients around the world!
We are many who fight cancer together. We work with passion and we have a higher purpose.
In addition to a very driven management team that works operationally with a team of engineers, there are many people involved in the work every day. We work closely with two different patent office’s specializing in Med Tech to ensure a robust IP-portfolio. We have a fantastic main subcontractor who assists with high competence and work to produce a high-quality product.
Always available and so incredibly important are all colleagues in the healthcare sector, doctors, nurses, endoscopists and assistant nurses, but also directors, managers and professors who are engaged on demand from the start and help us move forward. You are all worth gold.