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America’s medical industry is keeping an eye on a number of different trends that could play a prominent role in the future of how medicine is delivered. One of those trends is regenerative medicine. Still a relatively new field, regenerative medicine shows a lot of promise in the areas of wound healing, injury recovery, and pain management.
A new report released in mid-December by Transparency Market Research shows just how lucrative the regenerative medicine is. According to their research, the total market was valued at just under $2.6 billion in 2012. That number is predicted to grow to more than $6.4 billion in just the next two years. Total CAGR of 12.8% from 2013 through the end of 2019 is expected.
In simple terms, the numbers indicate that regenerative medicine could be one of the most significant generators of new revenues for the medical industry in the coming years. Regenerative services like stem cell therapy and platelet rich plasma (PRP) therapy are already contributing to the revenues of clients Apex Biologix has already worked with. Some of them have even reported that the therapies they learned through our training courses have gone on to become their biggest revenue generators.
So what is it about stem cell and platelet rich plasma therapies that is causing them to get so much attention? For starters, both therapies can be used to treat chronic pain, encourage wound healing, and assist with injury recovery – either in place of invasive therapies or in conjunction with them. In a more general sense, regenerative medicine is about healing through replacing lost tissue rather than using invasive medical procedures to ‘fix’ what is broken. This has a lot of appeal for a lot of people.
Stem cell therapy utilizes stem cells from the patient’s bone marrow or fat tissue to promote the regeneration of new tissue in a more natural way. Platelet rich plasma therapy is similar with one key difference: instead of stimulating cell regeneration using stem cells, this therapy takes advantage of the growth factors in blood plasma to promote healing.
Both can be performed in the doctor’s office and in a very short amount of time. Base material is extracted from blood, bone marrow or fat tissue, then processed and injected into the treatment site. In just about an hour, patients can receive their treatments without having to stay overnight in the hospital or being subject to significant recovery times.
It’s clear from the numbers that regenerative medicine is one of the hottest commodities in the healthcare industry right now. The more patients learn about it, the more they will be willing to embrace the possibility of being treated for certain kinds of diseases and injuries without having to undergo invasive surgery. They are responding in ever-growing numbers. If your practice is not yet offering regenerative medicine, you need to change that.
Apex Biologix offers stem cell training for doctors along with a complete portfolio of marketing services. Our core set of two-day training courses will prepare you to begin offering both stem cell and PRP therapies for pain management, wound healing, and injury recovery in a short amount of time. We can assist you with your marketing strategies as soon as you’re ready to begin offering services.
Regenerative medicine looks to make very good gains over the next couple of years. We encourage you to make sure your practice is part of it. Getting involved starts with contacting us to make arrangements to take our stem cell training course.