NEW YORK–(BUSINESS WIRE)– Revenues in
the small bone and joint (or ‘extremities) sector of the estimated $41 billion
orthopedic devices market are forecast to continue outpacing growth rates in
hip, knee and spine implants, according to Viscogliosi Brothers. LLC, (VB), a
merchant bank specializing in orthopedics.
Estimated sales in the small bone and joint sector have
almost doubled from $1.7 billion in 2007 to $3.3 billion in 2011, representing
more than 8% of the overall orthopedic device market. VB estimates continuing
sector growth in the range of 12-15% annually.
Anthony G. Viscogliosi, who is the Founder, Chairman and CEO
of Small Bone Innovations, Inc., (SBi), noted in a speech to staff this week,
that: “Our focus on the small bone and joint sector has resulted in more than
7,000 surgeons being trained to treat thousands of arthritis and trauma
patients with SBis innovative, non-fusion implants designed both to eliminate
arthritis pain and preserve joint function.”
Mr. Viscogliosi, who said he will become SBis Executive
Chairman upon the appointment of a new CEO later this month, noted that
although the small bone and joint sector used to be dominated by traditional
fusion products such as screws, plates, pins and wire, the fastest growing
technologies now are non-fusion joint replacements such as the companys STAR™
ankle replacement.
“STAR ankle procedures in the US increased by 48% last year,
compared with 2010. This was in part due to private health insurers revising
their reimbursement policies to demonstrate a preference for evidence-based
medicine in this procedure,” Mr. Viscogliosi said.
“The growth of SBi and its strategy of transforming the
sector by focusing on evidence-based medicine, demonstrated by the efficacy of
the STAR ankle, could help overall sector sales reach $3.7 billion this year,
and sustain last years renewed level of activity in M&A transactions,
private financings and the IPO market,” he added.
All market data and estimates provided by Viscogliosi Bros.,
LLC
About Small Bone Innovations, Inc.
Small Bone Innovations, Inc. (SBi) was founded in 2004 by Viscogliosi Brothers,
LLC (VB), the New York-based merchant banking firm that specializes in the
musculoskeletal/orthopedics sector.
SBi was the first company to focus purely on small bones
& joints by integrating established companies and professionals in the
field. It offers a broad, clinically proven portfolio of products and technologies
to treat trauma and diseases in the small bones & joints. SBi has
facilities in New York, NY,
Morrisville, PA,
Péronnas, France,
Donaueschingen, Germany,
and Kuala Lumpur, Malaysia and has sold its products
in 46 countries.
Posted by Sean Fenske, Editor-in-Chief, MDT
