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SmartTRAK Life Sciences News and Analysis Blog

1 min read

Vivorté Cites BioMedGPS in the FORTERA and REGENTO bone grafting solutions Release

By Sharon O'Reilly on 10/20/17 9:01 AM

Vivorté, Inc., a vertically-integrated, specialty orthopedic biomaterials company, announced the commercial availability of a complete line of bone grafting product solutions.

Topics: Orthopedics
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4 min read

Join BioMedGPS for a Gathering of Spine and Ortho Industry Executives at NASS

By Sharon O'Reilly on 10/17/17 6:15 PM

Co-sponsored by: Capital One Healthcare, Kinsella Group and BioMedGPS

Cocktails and heavy hors d’oeuvres will be served at the Tommy Bahama Restaurant & Bar, just steps away from the Orange County Convention Center. The spacious patio is a perfect location for an evening of networking under the stars.

The evening will include a short panel discussion titled From the OR to the OEM: A Perspective, led by Don Urbanowicz, Principal, Urbanowicz Consulting, LLC.

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7 min read

Top 5 Trends in Joint Replacement

By Lisa Mahan on 10/4/17 9:00 AM

Push Pull Trends in Joint Replacement Market Keep Growth Steady

Over the next twelve months, BioMedGPS projects the US Joint Replacement Market will grow in the low single digits at approximately 3%. This slow but steady growth is consistent with past years as the push pull of market trends keeps it in check. Gaining share in this era will require companies to navigate the changing political and economic landscape and to deliver solutions beyond launching the latest widget...

Topics: Orthopedics
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2 min read

Q217 Total Joints Market: Differing Approaches to Cost Containment

By Lisa Mahan on 9/18/17 3:07 PM

India spoke loud and clear with extreme pricing caps on total knee replacements, while CMS sends mixed messages on controlling costs in the US

Outside the US the Total Joints Market softened during Q217, offsetting stable to strengthening results in US Knees and Hips, with the WW Market (as reported) growing +0.7%. Countries such as India are working to reduce the cost burden of joint replacement surgery, while in the US, the Centers for Medicaid & Medicare Services (CMS) is sending mixed messages keeping reimbursement rates relatively flat while proposing reductions to its Comprehensive Care for Joint Replacement bundled payments initiative...

Topics: Orthopedics
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2 min read

BioMedGPS Announces Expanded European Market Coverage with EU Trauma and Extremities

By Lisa Mahan on 9/11/17 6:00 PM

Irvine, CA (PRWEB) September 12, 2017 

BioMedGPS, the leading provider of real-time analytics and strategic intelligence of the orthopedic/spine, wound care, regenerative medicine and neuro therapies markets, announces expanded coverage of SmartTRAK Business Intelligence for the European market with the addition of modules in SmartTRAK EU Extremities and EU Trauma.

Topics: Orthopedics
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1 min read

Bioventus CEO cites SmartTRAK HA Market Stats in Durolane Approval

By Rebecca Gonzalez on 9/10/17 9:00 AM

Durham-based Bioventus has received approval from the U.S. Food and Drug Administration for its treatment, Durolane.

The single-injection product treats knee osteoarthritis pain. The company plans to launch Durolane in the U.S. early next year.

Citing BioMedGPS SmartTRAK, Bioventus CEO Tony Bihl said in an email that “the 2016 entire HA market in the US (1-shot, 2-shot, 3-shot and 5-shot) was about $979 million.”

Topics: Orthopedics
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2 min read

India's Cap on Knee implant Pricing May Slow Revenue Growth

By Lisa Mahan on 9/5/17 11:41 AM

Max Retail Pricing for Knees in India Dropping up to 78%

The Indian Government enacted price controls for knee implants capping the price significantly below current market rates. According to a report in  IndiaToday , the move is the latest step in the government’s move to bring down the cost of medical devices and pharmaceuticals. The price controls for knee replacement implants caps the price of CoCr knees at ~$852 (54,720 rupees). Ananth Kumar, Minister of Chemicals and Fertilisers, stated current implants are priced at up to ~$3,895 (250K rupees) at Indian hospitals...

Topics: Orthopedics
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2 min read

OrthoBio Market: SmartTRAK Predicts strong Growth Ahead

By Sharon O'Reilly on 8/24/17 6:50 PM

Robust growth is predicted for the US OrthoBio market, driving revenues to over $4B by 2021E according to SmartTRAK projections.

  • Bone Replacement remains the largest segment of the US
  • Bone Replacement remains the largest segment of the US OrthoBio market, accounting for over 50% of total 2016 revenues, followed by Joint Fluid at nearly 30% based on 2016 SmartTRAK Financial Dashboard results.  Next in line are Knee Ligament Grafts, Cartilage, Soft Tissue and Meniscus replacement which account for the remainder...
Topics: Orthopedics
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1 min read

Historical Controls Remove Barrier in Cartilage IDE Studies

By Sharon O'Reilly on 5/3/17 1:52 PM

FDA allowing use of historical controls may overcome a significant barrier and expedite pt enrollment in cartilage repair IDE trials notes Jack Farr, MD, at 2016 ICRS.

Topics: Orthopedics
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1 min read

Role of Injectable Therapies for Knee Osteoarthritis

By Sharon O'Reilly on 5/2/17 1:22 AM

Injectable treatments will never turn a bad joint into a good one but may relieve pain for an undetermined period of time, concludes Elizaveta Kon, MD, in a conversation with BioMedGPS at the 2016 ICRS. Dr. Kon has performed extensive research comparing injectable technologies (e.g., PRP, HA, BMAC) and believes their primary role is in treating pain in pts who wish to avoid surgery. 

Topics: Orthopedics
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