Our Company Adimarket obviously promotes Stem Cell and PRP (Platelet-rich plasma) therapy, which is why we are OK with providing the technology to doctors all around the world. The reason why we do it is because we believe that regenerative medicine is the future of medicine. In this articles we want to help you and persuade you to give stem cell and PRP technology a chance.
Why these two? Well, there are a plethora of reasons why you should provide these treatments to your patients. However, the one main reason is due to the projected growth of the technology. It is expected to grow between 9.6% to 12% in the next five years alone. This can make the market value for the technology upwards of $420 million.
However, this is not something that we believes should be motivated by money, or at least not only about money. We agree that money is a motivating factor for any practice or business venture, but also the market shows a 12% increase in demand for regenerative treatments. This shows that the current system of treating symptoms and not the underlying cause is not satisfactory for the patients.
An Alternative?
This technology is on the rise, and many people consider it a viable replacement for conventional medical practices. This can potentially treat, if not cure many diseases, such as injuries, osteoarthritis, and other musculoskeletal issues that can result in chronic and long term pain.
Baseball pitchers often have to deal with chronic elbow pain as a result of long term stress of the ligaments and muscles. Many choose to find relief in surgery, as they want to be able to continue playing their dream career. However, so many more players are opting for PRP therapy instead. This has to potential to treat all kinds of sports-related injuries, including from football, soccer, and even tennis. Many people from all walks of life are seeing PRP therapy as a viable alternative.
This rings true even if you are not an athlete. Many people suffer from chronic pain due to arthritis or from a previous work injury, and as a result are turning to this therapy in order to cut down on pain medications, and to treat the issue, and not just mask it with pills. PRP has skyrocketed in popularity among all demographics.
What about hair loss?
When it comes to PRP therapy, it has other uses outside of just osteoarthritis. One popular application for the treatment would be alopecia, or hair loss. Another would be facial rejuvenation. With Alopecia, PRP therapy can be a more reliable and less painful alternative to hair transplants and topical solutions. These solutions can be short lived or even ineffective, which makes PRP therapy a much more trustworthy alternative for testing.
This means that the prospects of PRP therapy over the next 5 years is good. This is widely due to ever-increasing availability, as well as the high demand for the process. People see that these therapies are not only effective, but worthwhile, and they want them to stay.
That said, very few insurance companies will cover regenerative medical procedures, assuming that any at all cover it. This means that the client is footing the bill, and paying for the procedure out of pocket. So the people who are increasing the demand for the therapy are willing to pay for it out of pocket due to trust that it works.
This allows you to open the door to give alternative treatments for the patients that request it, as well as increase your bottom line in the same breath. Also, at least until insurance companies come on board, you can earn the full price of your services. I don’t think anymore needs to be said.