Stryker recently announced an agreement to acquire SafeAir AG, a Swiss surgical smoke evacuation company. The acquisition will likely close by the end of 2018.
According to its website, SafeAir specializes in smoke
evacuating diathermy pencil products. Diathermy pencils are used in electrosurgical procedures such as cauterization. Such procedures generate smoke, and SafeAir’s Smoke Pencil products have an integrated smoke evacuation function to remove such surgical smoke from its source.
Timothy J. Scannell, Group President of MedSurg and Neurotechnology at Stryker, sees value in the acquisition, stating that:
Regarding how this acquisition fits into Stryker’s medical device portfolio, Mr. Scannell went on to report:
Stryker’s forthcoming acquisition may indicate the company’s understanding of the growing smoke evacuation system market that is expected to grow at a compound annual growth rate of 5.6% and reach $180M within 18 months.