Peek No : 19  
Nov. 26, 2003 

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This week, we delve into Arthritis, a menace looming large on our society. And, we are glad to dedicate it to the wellness of the American society

First, let us take a peek at our economy.

Consumer Price Index (CPI)
The CPI in the month of October remained unchanged. The fall in energy prices (-3.9%) had been offset by the rise in food prices (0.6%). However, on a year-over-year basis, the index rose by 2.0% during the month.

Housing starts
The residential construction market was strong despite the rise in mortgage rates. The housing starts increased by 2.9% in October. This follows an increase of 4.0% in September. However, the number of building permits issued increased to 1.973 million in October, after a dip in September.

Happy peeking!

Editor
Marketspeek
 Week's Peek


Marketspeek - Arthritis

  • Arthritis and other rheumatic conditions affect nearly 43 million Americans. It is one of the most prevalent diseases in the United States.
  • Arthritis has limited the everyday activities of more than 7 million Americans.
  • Medical costs for people with arthritis have crossed $15 billion annually, and total costs (medical care and productivity loss) are estimated to be $65 billion, each year.
  • Osteoarthritis is the most common form of arthritis, affecting more than 16 million Americans. While rheumatoid arthritis has affected 2.1 million Americans.
  • Arthritis has an adverse effect on the quality of life and the physical and mental health of people.




Vital Statistics

  • Almost half the Americans aged 65 and older have arthritis.
  • Chronic pain is a major health problem in the U.S.
  • The total impact of musculoskeletal disorders cost $254 billion, every year.
  • Every year, nearly 3 million hospitalizations result from musculoskeletal conditions.
  • Musculoskeletal conditions and injuries result in:
    • Almost 100 million visits to physicians' offices
    • More than 10 million hospital outpatient visits
    • Close to 25 million emergency department visits.

  • Approximately 7.5 million musculoskeletal procedures are performed by physicians every year.

Analysis - Arthritis

  • The American population seems to be aging faster than ever before. The following graph provides a thumbnail sketch on the aging factor in the U.S.

  • The time is ripe for geriatric healthcare facilities to grow in line with the projected rates depicted above.
  • The impact of arthritis is expected to increase as "baby boomers" become older. Two decades from now, an estimated 60 million Americans, nearly 20 percent of the population, will be affected by arthritis. There would be tremendous pressure on the industry, and the likely changes in the healthcare are:
    • Re-emergence of house calls.
    • Technological advances in Homecare and care for the immobile.
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   Wish I were

Zydacron, Inc.

Seymour Friedel and Ken Garofano were happy running their consulting business. But, all that was to soon change.While on an assignment, in 1992, to help AT&T develop video conferencing, an idea struck them to make a better product than the one they were working on. Along with two other colleagues, they started Zydacron in the same year. And, there was no looking back since them.

Zydacron got into the manufacture of video-conferencing systems. A unique chipboard was developed with utmost flexibility to work on any desktop. Quality, the quintessential of products, coupled with a custom-built diagnostic installation package won laurels for the company. Small wonder that it made $2 million in the first year of operations.


Backed by investors like Clarion, Needham and Company, Zydacron relentlessly pursued newer concepts. One of them being a productline to provide superior and dependable connection between the video conferencing system and the telephone.

Zydacron is a classic tale of entrepreneurial success that had all the bare essentials for success:

  • Passion for innovation.
  • Backing of investors.
  • Undying quench for quality.
  • Need-driven products.

For further reading:

http://nasbic.org/success/stories/zydacron.cfm

http://www.viewcom.com/viewpoint/viewpoint03_20_03/viewpoint03_20_03.html

http://austin.bizjournals.com/austin/stories/2001/06/25/daily25.html
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   BrandFact

Zev Siegel, a history teacher, Gordon Bowker, a writer, and an English teacher, Jerry Baldwin, founded Starbucks Coffee in 1971.

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  This Week that Age

24th of November, 1874: Joseph F Glidden patented the barbed wire.
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Click to download the proposal requisition form.
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  Insight

Get the better of yourself - this is the best kind of victory.
-- Miguel de Cervantes
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