FOR IMMEDIATE RELEASE
June 21, 2011 (Irvine, California) - BioMedGPS, a provider of real-time online business intelligence and dynamic decision-making tools for life science executives, announces that the Dynamic Posterior Stabilization (DPS) silo of its comprehensive “SmartTRAK Spine” database, covering interspinous spacers, spinous process plates, pedicle-screw based DPS systems and facet replacement devices, is now available. SmartTRAK Spine is the newest addition to the SmartTRAK Online Business Intelligence System and covers all of the public and privately-held companies and products in the areas of MIS, Fusion, VCF, Motion Preservation and DPS, and complements the Disc and Bone Replacement silos of the SmartTRAK OrthoBio module. Together, the SmartTRAK Spine and OrthoBio databases provide a single source for up-to-the-minute business intelligence, helping executives keep pace with this diverse and changing marketplace.
According to SmartTRAK Spine, the US market for spinal DPS products will reach an estimated $250 million in 2011 and will grow at a rate of 4.5% to approximately $304 million in 2015. The SmartTRAK Spine DPS silo is currently tracking over 70 interspinous spacers, pedicle screw- based dynamic systems, spinous process plates and facet replacement devices on the market or under development worldwide from nearly 50 companies across the globe – over three-fourths privately held. Also provided is a detailed and continuously updated Market Profile, with 5-year US sales and procedure volumes forecasts, competitive market shares, regulatory and reimbursement information, and much more.
“The dynamic posterior stabilization segment is an underestimated market,” reports Sharon O’Reilly, Founder, President and CEO of BioMedGPS, the developer of the SmartTRAK Online Business Intelligence System. “With continued pricing pressure and recent regulatory challenges, our up to date market forecasts reflect events taking place in the rapidly changing spine market. SmartTRAK is updated daily by our team of analysts to keep our subscribers informed of significant happenings in the industry to provide a real-time snapshot of market conditions,” reports O’Reilly.
Other silos of the extensive SmartTRAK Spine Online Business Intelligence System in addition to DPS include Fusion, Vertebral Compression Fracture and Motion Preservation. In all, more than 200 privately held and public companies from around the world and over 1,000 spine devices are being tracked and continuously updated in the SmartTRAK Spine database, along with 5-year US market analyses for each segment. In addition, BioMedGPS’ SmartTRAK Orthobiologics Database includes profiles of more than 250 companies and 515 cartilage, meniscus, bone, soft tissue, disc repair and replacement, and joint fluid replacement products on the market or under development.
Designed to replace print market and technology reports widely used in the industry today, the powerful SmartTRAK Online Business Intelligence will transform the delivery of medical device business information from static data to real-time information and analysis. SmartTRAK tracks emerging companies, competitive developments, regulatory approvals, and strategic alliances, and presents this information in concise individual market, company and product profiles that are updated as industry developments occur to provide users with a current "snapshot" of a medical device industry segment. SmartTRAK allows users to search, sort, store and share information—increasing the productivity of business/corporate development, marketing, market research, R&D and other device executives, and saving companies money.
Contact BioMedGPS to schedule a live demo with your team. BioMedGPS also offers subscriptions to its weekly SmartTRAK OrthoBio and Spine Updates (http://www.biomedgps.com/smarttrak-updates), as well as SmartTRAK Market Snapshot Reports (http://www.biomedgps.com/smarttrak-market-snapshots), and its Consulting Group offers medical device business development and marketing expertise (http://www.biomedgps.com/consulting).
About BioMedGPS, LLC
Founded by Sharon O'Reilly, Founder and former CEO of Medtech Insight, BioMedGPS provides online business intelligence and dynamic decision-making tools specifically designed for life science executives.
CONTACT:
Sharon O’Reilly or Tracy Neilssien
949-559-5511
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www.biomedgps.com
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