Navigation Links
U.S. Orthopedic Stem Cell Market to Grow 68% in 2009
Date:4/7/2009

Orthopedic Stem Cell Market to Reach $228 Million by 2014

VANCOUVER, April 7 /PRNewswire/ - According to a report by iData Research (www.idataresearch.net), an international medical device and dental market research firm, the U.S. market for stem cells used in orthopedic therapy will grow to an estimated $228 million by 2014. Applications are currently focused on spinal fusion surgery, mostly for arthritis, but will eventually expand to include the fixation of traumatic fractures and the regeneration of worn joint cartilage.

Since 2005, adult stem cell products have been commercially available for use in spinal fusion surgery, the common treatment for arthritis and other bone defects. More than 29,000 patients have benefited from orthopedic stem cell therapy, which eliminates the pain and surgical complexity of traditional procedures. The Obama administration's lifting of research restrictions has renewed public interest in applications for embryonic stem cell therapies.

"The aging population will be the main driver for stem cell therapies, as it is for the overall orthopedic marketplace," says Kamran Zamanian PhD., CEO of iData, "The prevalence of osteoarthritis and degenerative joint disease will increase in the near future, driving the market for stem cell therapies. Stem cells are an advancement over traditional treatments because, unlike other treatments, they can potentially regenerate healthy tissue."

According to the report, over 60% of adults over 64 suffer from osteoarthritis. This implies an enormous future market for all orthopedic stem cell applications. This market will grow as baby boomers age and embryonic stem cell use increases. The report estimates a compound annual growth rate of 33% through 2014.

"Stem cell therapy in orthopedics is not only ahead of other medical applications, such as cardiology and neurology," says Zamanian. "It is also less socially contentious because it is based on adult stem cell lines, side-stepping the political difficulties with embryonic research, and increasing potential patient acceptance."

About iData Research

iData Research (www.idataresearch.net) is an international market research and consulting group focused on providing market intelligence for the medical device, dental and pharmaceutical industries in categories such as: Orthopedics, Sports Medicine, Spine, Cardiovascular, CRM, Dental, Endoscopy, Imaging, Ophthalmics, Patient Monitoring, Urology, Women's Health and more.

To learn more about iData's services, view this 3-minute Movie at: www.idataresearch.net/discoveridata.html


'/>"/>
SOURCE iData Research Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Black Hills Orthopedics & Spine Center Selects Sage Intergy EHR to Improve Clinical, Operational and Financial Efficiencies
2. Hanger Orthopedic Group, Inc. Announces First Quarter 2009 Earnings Release Conference Call
3. Northeast Ohio's Center for Orthopedics Saves Patients Time with Online Next-Day Appointment Scheduling for its Open Cast Room
4. Wuesthoff Health System and Broadlane Continue Exclusive Relationship; Orthopedic Consulting Initiative Yields Significant Savings
5. Team of orthopedic surgeons and kinesiologists win hippest of awards
6. Ascension Orthopedics Introduces the Silicone PIP Implant System
7. Hanger Orthopedic Group, Inc. Reports $0.26 Pro Forma EPS on 8.6% Sales Growth for the Fourth Quarter 2008
8. Quick Orthopedic Repair Can Save Young Shoulders
9. Hanger Orthopedic Group Welcomes Vinit Asar as Chief Growth Officer
10. Hanger Orthopedic Group, Inc. Announces Six Acquisitions Totaling $8.9 Million of Annual Net Revenue
11. Hanger Orthopedic Group, Inc. Announces 2008 Year-End Earnings Release Conference Call
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... Washington, NC (PRWEB) , ... February 12, 2016 , ... ... the surrounding areas, is initiating a charity drive that will raise funds earmarked to ... at John C. Tayloe Elementary School. , “My school is in a low-income area ...
(Date:2/12/2016)... ... February 12, 2016 , ... ... Pittsburgh metro area, celebrates the beginning of the latest charity campaign in their ... skills through art. Donations to this worthy cause are currently being accepted at: ...
(Date:2/12/2016)... ... February 12, 2016 , ... J Thomas ... by continuing it’s commitment to act as Agents of Change in the community, ... with area homeless families to fulfill immediate needs and help them move into ...
(Date:2/12/2016)... ... February 12, 2016 , ... Homeowners now have ... possibilities. CertainTeed, North America’s leading brand of building products, has improved upon its ... in the mobile version of the ColorView® Exterior Style and Color Selector. Created ...
(Date:2/12/2016)... ... ... The Central Coast Autism Spectrum Center (CCASC) invites teens ages 11-18 to its annual Winter ... teens with and without special needs to gather in a safe and supportive environment. Volunteers ... will take place on Saturday, Feb. 13 from 7 to 9:30 p.m. at Elks Lodge, ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... Inc., a medical device company that pioneered the use of the ... device indicated for fusion for certain disorders of the sacroiliac (SI) ... Contractor (MAC) covering the states of Connecticut , ... Massachusetts , Minnesota , ... Rhode Island , Vermont and ...
(Date:2/12/2016)... and SEOUL, South Korea ... Menarini and Macrogen, Inc. today announced they will ... innovative procedures for precision medicine in cancer. The ... Biosystems, DEPArray™ digital-sorting technology with Macrogen,s high-throughput Next ... certified under the Clinical Laboratory Improvement Amendments (CLIA) ...
(Date:2/12/2016)... , Feb. 12, 2016  Apellis Pharmaceuticals, ... a $47.1 million Series D preferred stock ... Management, Hillhouse Capital Group and venBio Global ... Investments, AJU IB Investment, and Epidarex Capital. The ... to further advance clinical trials in the ...
Breaking Medicine Technology: