BioMedGPS Releases US Spinal Fusion Market Projections for 2010-2015E

FOR IMMEDIATE RELEASE
Irvine, California, United States of America (Free-Press-Release.com) February 10, 2011 --

February 10, 2011 (Irvine, California) - BioMedGPS, a provider of real-time online business intelligence and dynamic decision-making tools for life science executives, announces that the Fusion silo of its comprehensive “SmartTRAK Spine” database is now available. SmartTRAK Spine, the newest addition to the SmartTRAK Online Business Intelligence System, covers all of the public and privately-held companies and products in the areas of MIS, Fusion, VCF, and Artificial Discs and complements the Disc and Bone Replacement silos of the SmartTRAK OrthoBio module. Together, the SmartTRAK Spine and OrthoBio modules provide a single source for real-time business intelligence, helping executives keep pace with this diverse and changing marketplace.

According to SmartTRAK Spine, the US market for spinal fusion products will reach an estimated $4.4 billion in 2011 and grow at a rate of 1.5% to approximately $4.8 billion in 2015. The SmartTRAK Spine Fusion silo is currently tracking 100 US and OUS companies – more than 80% of those privately held – and more than 630 products on the worldwide market or under development for cervical, thoracolumbar, interbody and MIS fusion used for the treatment of deformity, trauma and degenerative disease. Products profiled in detail are MIS fusion including lateral products, interbody fusion systems, vertebral body replacement devices, and cervical and thoracolumbar fixation systems including pedicle screw and plating systems. Also provided is a detailed and continuously updated Market Profile, with 5-year US sales and procedure volumes forecasts, competitive market shares, and regulatory and reimbursement information.

“More than ever with the unprecedented challenges and uncertainty surrounding fusion procedures from both payors and the recession, spinal implant companies need to keep their finger on the pulse of this market which is so fundamental to their business. No other resource provides such comprehensive and continually updated coverage of the complex and changing spine market and empowers stakeholders with accurate, timely and relevant information to make critical decisions faster,” reports Sharon O’Reilly, Founder, President and CEO of BioMedGPS, the developer of the SmartTRAK Online Business Intelligence System.

Other silos of the extensive “SmartTRAK Spine” Online Business Intelligence System in addition to Fusion include Vertebral Compression Fracture, Motion Preservation, Dynamic Posterior Stabilization and Decompression. In all, more than 200 privately held and public companies from around the world and over 800 spine devices are being tracked and continuously updated in the SmartTRAK Spine database, along with 5-year market analyses for each segment. In addition, BioMedGPS’ SmartTRAK Orthobiologics Database is available in its entirety, which includes profiles of more than 230 companies and 480 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.

To view a brief online tour of SmartTRAK, visit http://biomedgps.com/pages/online-tour/home-page.php, or contact BioMedGPS to schedule a live demo with your team.

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
info@biomedgps.com
www.biomedgps.com

BioMedGPS     device     Fusion     MIS     Orthobiologics     SmartTRAK     spine     vcf