It is often projected that prospects for regenerative medicine in the long run are very positive to say the least. One of our earlier blogs in fact, covered this very topic from a market perspective. That blog can be viewed here. What is less known however, is that the regenerative medicine market is still in its infancy. This provides a great opportunity for chiropractors, doctors, and medical professionals to implement regenerative medicine into their practice before market saturation kicks in on a wider scale.
Why is Regenerative Medicine Rising in Popularity?
If a patient can avoid invasive surgeries or life-long medications to treat an issue they are having, most certainly will. Regenerative medicine serves as a natural alternative that utilizes your own body’s innate repair mechanisms to work effectively rather than use excessively aggressive outside sources. With the combined incentive of less recovery time and pain, along with a natural approach of not requiring the replacement of joints, healing through regenerative medicine comes across as a very attractive prospect for patients. Through avoiding pain management and acting as pain elimination, popularity only continues to rise.
More recent numbers have indicated that regenerative medicine is expect to rise to a 17.9 billion dollar industry between now and 2025, which equates to a 15.9% compounded annual rate overall. The investment in regenerative medicine research, the acceptance of the method of treatment by various organizations, the prevalence of chronic diseases and genetic disorders, and growing awareness of the form of treatment are just a few of the factors leading to this inevitable growth. Given the research, implementing this breakthrough technology into your practice will allow you to get a leg up in this field while achieving success on a vast scale.