It is no secret that Apex Biologix endorses stem cell and PRP therapy training for doctors. We not only endorse it, we provide it. We do what we do because we know the future of regenerative medicine in the U.S. is bright. If you are a doctor visiting our site for the first time, we want to encourage you to give serious consideration to stem cell and PRP training.
There are a lot of reasons to offer these two regenerative medicine procedures to your patients. But here’s the number one reason: the global market for PRP therapy is projected to grow between 9.6% and 12% through 2022. Estimates suggest the total value of the PRP market could reach $420 million over the next five years.
Now do not misunderstand; our recommendation that you undergo stem cell and PRP therapy training is not one solely motivated by money. Yes, money is part of it inasmuch as your medical practice is a business requiring steady revenue streams in order to survive. But think of this: an increase of 12% is a clear indication that people want regenerative medicine treatments. The increasing demand is an indication that what patients currently receive is not satisfactory.
A Better Alternative for Some Patients
We will assume for the sake of this discussion that you are not familiar with how PRP therapy is currently used. The best way for us to explain it is to tell you that we offer training that addresses both orthopedic and aesthetic applications. Orthopedic applications would relate to things like sports injuries, osteoarthritis, and other musculoskeletal sources of chronic pain.
If you are a sports fan, you are probably familiar with the Tommy John surgery so many baseball pitchers submit to. For many, a successful surgical procedure could mean keeping a career alive. Yet more and more players are forgoing the knife in favor of PRP therapy. And it’s not just baseball. Football players, basketball players, golfers, soccer players, and tennis players are all looking at PRP therapy as an alternative to surgery.
Even non-athletes suffering from chronic pain is a result of osteoarthritis or past injuries are turning to PRP therapy as an alternative to long-term use of pain medications. To say that the popularity of PRP is growing in leaps and bounds is an understatement.
Alopecia and Facial Rejuvenation
We do not want to close this post without addressing aesthetic applications for PRP therapy. The two most popular applications right now involve alopecia and facial rejuvenation. In terms of alopecia, PRP therapy can take the place of things like hair transplants and pharmaceutical therapies. If you’ve heard of Kim Kardashian’s vampire facial, you know full well what is involved in using PRP therapy for facial rejuvenation.
The point of all this is to say that the market projections for PRP therapy and other regenerative medicine alternatives looks very good over the next five years because the demand is there. People want these alternative therapies. Moreover, they are willing to pay for them out of pocket if necessary. That should say something to you.
Keep in mind that there are very few insurance companies, if any at all, willing to cover regenerative medicine procedures except in rare circumstances. That means individuals who undergo PRP therapy for static orthopedic purposes are paying for those therapies themselves.
Regenerative medicine offers you a way to provide alternative treatments to your patients and simultaneously increase revenues. And because there are no insurance companies involved, you get paid what your services are actually worth. Need we say more?