IRVINE, Calif.--(BUSINESS WIRE)--BioMedGPS, LLC, the leader in healthcare business intelligence and competitive metrics, today launched the SmartTRAK™ Shoulder Recon module, the first of several offerings for the Extremities, Total Joint and Sports Medicine markets. SmartTRAK Business Intelligence Hub is a comprehensive, easy-to-use, web-based solution that integrates real-time market data and analysis with the power of information technology accessible throughout an organization, fostering an innovative collaborative approach to market strategy and driving better decisions.
SmartTRAK Shoulder Recon provides a powerful combination of real-time information, deep industry content, and analysis from domain experts on public and privately held companies developing shoulder replacement and repair products on the market or under development worldwide, along with continually updated 5-year US market forecasts. BioMedGPS will continue to expand the content of SmartTRAK with new Extremities modules including Foot & Ankle, and Elbow, Wrist & Hand, and a Sports Medicine module comprised of Fixation Devices and Energy-Based Modalities complementing BioMedGPS’ already released SmartTRAK OrthoBio. All modules will be launched by year end.
BioMedGPS reports that the US market for shoulder replacement, which includes total, partial, and reverse shoulders, and resurfacing implants, will reach an estimated $515 million in 2011, and grow at a rate of 11% to approximately $869 million in 2015. Currently, SmartTRAK Shoulder Recon tracks 89 shoulder replacement products from 40 companies. In addition, 58 shoulder reconstruction products are detailed including proximal humeral plating systems and IM devices bringing the total to 49 companies and 146 products.
“Orthopedic companies looking to expand their market presence, gain an understanding of market drivers, and evaluate the global competitive landscape of the shoulder replacement market can find the strategic information they need in SmartTRAK Business Intelligence Hub,” reports Sharon O’Reilly, CEO of BioMedGPS. “SmartTRAK Shoulder Recon is the only source for up-to-date, broadly sourced and validated business information on shoulder companies, products and the market, combined with built-in enterprise collaboration tools allowing an organization a unified approach to strategic decision-making.”
Other available modules of the comprehensive SmartTRAK Business Intelligence Hub include: OrthoBio (Bone, Cartilage, Disc, Joint Fluid, Meniscus, Soft Tissue); Spine (Fusion, Motion, VCF, Dynamic Posterior Stabilization); and Wound Biologics.
About BioMedGPS, LLC
BioMedGPS, LLC provides online business intelligence and dynamic decision-making tools specifically designed for life science executives with the goal of transforming the delivery of healthcare business information increasing proficiency, improving productivity, and reducing cost. BioMedGPS is led by Sharon O’Reilly, founder and former President & CEO of Medtech Insight.
To learn more about SmartTRAK Shoulder Recon, visit http://biomedgps.com/shoulder. Subscriptions are also available for the SmartTRAK OrthoBio, Wound, and Spine modules, which together are tracking more than 400 companies and 1,530 products to date. For further information about BioMedGPS, please visit http://www.biomedgps.com.