Medigus Raises NIS 9.3 M for World’s Smallest Medical Camera

Medigus has raised 9.3 million shekels in order to progress with regulatory approvals for its medical procedure video camera.  Less than 1 mm in diameter, the camera is the world’s smallest video camera – just 0.99 mm in diameter. The miniature cameras are  are designed specifically for small-diameter disposable endoscopic devices, used in diagnostic and surgical procedures in regions of the anatomy where larger scopes are not viable. Medical fields in which such tools are required include: cardiology; orthopedics; gastroenterology; gynecology; otolaryngology, bronchoscopy and robotic surgery. These cameras will be integrated into endoscopic devices developed and manufactured by the company, and also sold to third-party medical device manufacturers. Medigus will begin supplying camera samples in the coming weeks to US and Japanese companies which produce cardiology-related devices. The miniature cameras offered by Medigus are supported by the company’s digital video processing systems. The second generation cameras utilize advanced technology which provides high image resolution at 45,000 pixels. The global miniature camera market for disposable endoscopic devices is estimated at 4M units in 2011 and 7M in 2015.