MOUNTAINSIDE, N.J., Oct. 16 /PRNewswire-FirstCall/ -- National Stem Cell Holding, Inc. (OTC: NHGI.PK) today announced the filing of a provisional patent application for a newly discovered group of biomaterials, derived from the company's stem cell and progenitor cell lines, that may stimulate a variety of naturally occurring physiological mechanisms that are involved with the skins ability to preserve and repair itself .
These newly discovered biomaterials appear to promote the skin's natural ability to maintain youthful tone, texture and viscoelasticity. The Company believes that further research and development will clarify indications thus far that these biomaterials may be useful for a wide variety of anti-aging products including but not limited to, cosmeceuticals, cosmetics and post surgical applications.
The anti-aging market is considerable. According to Government Accounting Office, there are 75 million Baby Boomers in the U.S. with 53 million between the ages of 40 and 50. Every day 11,000 Baby Boomers turn 50 and this trend will continue for the next 10 years. Many are concerned with looking younger, feeling younger and retaining their youth and they are commanding attention with their voices and their wallets as they will be the primary contributors to the projected $12 billion increase in money spent on anti-aging products and supplements in the next year and a half alone. By 2012, 50 percent of the population will be over age 50; People over 50 years of age control 70 percent of the financial assets in the USA and 50 percent of all discretionary income.
These statistics point to one of the biggest market opportunities in the U.S. today, the anti-aging market. Anti-aging is presently a $30 billion market. In the next three years, it is expect to grow to $70 billion and is arguably the fastest growing market in the U.S.
National Stem Cell Holding, Inc. is a biotechnology company focused on
developing therapeutics based upon
|SOURCE National Stem Cell Holding, Inc.|
Copyright©2007 PR Newswire.
All rights reserved