PRP treatment: Growing trend in the U.S.
As many of you know, we’d like to stay on top of new PRP trends (PRP stands for “platelet rich plasma” and facts when it comes to medical procedures. We came across an article in Business Wire this week. There are some interesting facts in regards to the continuous growth of PRP treatments in the United States. The US PRP and stem cell alocpecia treatment market size is expected to reach USD 183.3 million by 2025 at a 5.1% CAGR during the forecast period.
There are several factors that contribute to the growth of this market. They include a rise in disease awareness, increased treatment rate, and growing adoption of novel treatment therapies providing positive patient outcome. Of course these developments make us very happy as we at West Coast Center for Orthopedic Surgery and Sports Medicine have been implementing PRP treatments as an alternative to surgery for quite some time now.
The article in Business Wire states further that incidences of negative side effects due to this therapy are anticipated to fuel demand for platelet rich plasma and stem cell therapy. Adoption of PRP and stem cell therapy for alopecia is expected to increase owing to rise in number of patients preferring novel therapies over conventional therapies. In addition to this, shorter treatment duration, faster hair regrowth, and improved patient outcome are expected to drive demand for these therapies over the forecast period.
By treatment type, PRP procedures accounted for the largest share of 58.1% in 2017 in terms of procedural volume. However, owing to lower prices of procedures, stem cell therapy procedures accounted for the dominant revenue share in 2017, valued at USD 70.1 million. By end use, the dermatology clinics segment accounted for 85.0% of the total market revenue in 2017, owing to its lower therapy cost as compared to hospitals.
Here are some more details about PRP treatments:
Platelet rich plasma injections, in which a patient’s own platelets are injected into the knee or problem area have shown evidence of success in many studies now. PRP started in dentistry and then in spinal care but took off when high-profile athletes used it.
What a lot of people don’t know is that PRP has changed the mindset of may doctors these days. Meniscus tear surgery for older people for example now is viewed with more caution thanks to evidence showing that it accelerates arthritis and the need for a knee replacement.
Overall the trend shows that there are many surgical treatments that over time have gone away in orthopedics. Of course, people should do what they can to minimize the chance of needing anything done. A healthy weight is important to keep from stressing joints. Exercise to keep the muscles controlling joints strong. Vary exercise to stave off injury and to keep all muscles conditioned is key as well to keep this positive trend going.
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