The founder of the Center for Regenerative Medicine in Florida, Dr. Farshchian stands out as an innovator in his field. Dr. Farshchian, who coined the term “orthopedic regenerative medicine,” has authored two books and created two DVDs on the subject.
According to data released in 2014, the field of regenerative medicine is poised for a major period of growth. Experts estimate a 2014 market of close to $36.4 billion and predict growth to more than $42 billion over the next five years. Global revenue will likely reach 3 percent by 2018, joint replacement and implant as well as regenerative products being the most profitable area. These products will likely grow at a 2.7 percent rate to $34.4 billion in revenue by 2019.
However, global cartilage and soft tissue regenerative products present an even higher percentage of growth. This field is likely to grow at 6.6 percent and generate $2.5 billion in 2019. Researchers attribute much of this growth to technological advancements and the increasing need for these products among an aging population.