Aesthetic medicine: a booming (and boomer) market, says Turner Investment Partners commentary.BERWYN, Pa. -- Beauty is in the eye of the beholder ... and the wallet holder, as anti-aging, appearance-enhancing products are driving one of the fastest-growing businesses in any industry -- "aesthetic medicine." Pharmaceutical and biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. manufacturing products such as Botox, dermal dermal /der·mal/ (der´mal) pertaining to the dermis or to the skin. der·mal or der·mic adj. Of or relating to the skin or dermis. fillers, and breast implants Breast Implants Definition Breast implantation is a surgical procedure for enlarging the breast. Breast-shaped sacks made of a silicone outer shell and filled with silicone gel or saline (salt water), called implants, are used. are well-positioned to serve the 76 million aging, appearance-conscious baby boomers See generation X. in the U.S. who are their prime customers. That's the conclusion of the latest Sector Focus commentary by four health-care sector analysts at Turner Investment Partners. Turner, an investment firm based in Berwyn, Pennsylvania, publishes Sector Focus commentaries monthly as part of the continuing efforts of its five analyst teams to monitor the market sectors for its growth-stock portfolios. The commentary, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: Aesthetic medicine: a booming (and boomer boom·er n. 1. Informal A nuclear submarine armed with ballistic missiles. 2. Informal A baby boomer. 3. A transient worker, especially in bridge construction. 4. ) market -- written by Theresa Hoang, security analyst; Heather Flick McMeekin, portfolio manager/security analyst; Vijay Shankaran, portfolio manager/security analyst; and Frank Sustersic, senior security analyst/portfolio manager -- noted that the market for aesthetic medicine is conservatively estimated to be growing 10% annually, driven largely by baby boomers. The analysts observed that treatments in aesthetic medicine are generally not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. by the government or private insurers; they are instead primarily paid for out of pocket. "Indeed, boomers, especially affluent women aged 50 or older, have shown an eagerness to pay premium prices for the products and procedures of aesthetic medicine," they said. "As such, it's not only a high-growth market but highly profitable as well, in our judgment." Of the leading companies in that market, Allergan is the biggest and most diversified. One third of Allergan's revenue is derived from Botox, which has gained blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. status in the pharmaceutical industry by achieving annual sales of $1 billion. The other two-thirds of the company's revenue comes from eye-care and skin-care products. To read this September 2007 Sector Focus in its entirety, see the Turner Investment Partners Web site, www.turnerinvestments.com/sectorfocus. Or call 484-329-2439 for a free copy of the piece. As of July 31, 2007, Turner held in client accounts 4.7 million shares of Allergan. The views expressed represent the opinions of Turner Investment Partners and are not intended as a forecast, a guarantee of future results, or investment recommendations. Past performance is no guarantee of future results. A company's fundamentals or earnings growth is no guarantee that its share price will increase. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion