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In the United States, the stem cell therapy market is booming. Every year, about $800 million goes into this industry just from patients and consumers. Experts expect a compound annual growth rate of almost 40 percent every year until 2027.
What is so exciting about stem cell therapy and stem cell research?
Stem cells can help people to live a higher quality of life over the long term for a small cost. The cost of stem cell therapy usually pales in comparison to the purported benefits that patients describe. However, many patients are curious about these costs and want to know what they can expect.
In this article, we will walk you through everything you need to know about stem cell transplant and therapy costs.
What Is Stem Cell Therapy?
Stem cell therapy is also known as regenerative medicine. It helps to promote a repair response in diseased tissues.
This special noninvasive treatment uses stem cells sourced from several different types of tissue. The stem cells are then administered through a variety of means. Some patients may prefer IV administration, however other patients may need to have a direct injection into the spinal canal or joint capsules.
These cells help to differentiate and influence positive change within the body. The growth of specialized cells in the body allows for new tissues to form to promote health. This specific outcome will depend on the goal for the disease state.
For example, patients with arthritis or joint pain will have stem cells injected to reduce their symptoms. Similarly, a spinal cord injury patient may benefit from stem cells to improve their function and recovery.
Stem cells also help to target inflammation and improve overall immune health within the body. This can be beneficial even for healthy patients.
What is The Cost of Stem Cell Therapy?
Overall, the cost of stem cell therapy can vary widely depending on the type of treatment and the number of treatments needed. For example, stem cell therapy may only be a few thousand dollars for a one-time patient. However, a longer-term patient may need therapy that costs over $25,000 in whole.
In general, about a third of patients will purchase dental treatments that cost less than $5000. Only about 10% of patients overall will spend over $25,000 on their treatment.
The reason that this treatment is so expensive is that it is novel and uses complex biology. It costs money to help develop and innovate these technologies at the scientific level. While this may change in the future, currently much of this cost is passed on to the patient interested in improving their health using cutting-edge regenerative medicine.
Certain major providers like www.nationalstemcellclinic.com can develop payment plans that work with your budget.
Understanding Stem Cell Therapy
At the end of the day, the cost of stem cell therapy depends on the use and number of treatments. Patients who need repeat treatments over time can span upwards of $25,000. However, other stem cell therapy uses for one-time patients can cost a few thousand dollars or less.
You’ll want to talk to your treatment provider to help develop a payment plan that works for you.
If you enjoyed this article about stem cells, please check out the other articles on our blog!
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