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Five Orthopedic Business Ideas You Should Consider
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When most of think about orthopedics, what typically comes to mind are injuries that need fixing. But there are many orthopedic businesses to consider that can encompass a myriad of lucrative opportunities—helping patients in a variety of ways. If orthopedics is a business you’re considering, let’s take a look at a few ideas and the advantages and disadvantages of each so you can make the best choice.
Five Ideas in the Orthopedic Business
But back on track now, the orthopedic industry is seeing technological advances carried over from this year, like image-guided robotic surgery and innovative surgical and orthopedic devices. The field continues to advance in sports medicine — looking at new ways to improve athletic performance and safety. Plus, there continues to be growth in the emerging field of orthobiologics. Considered a part of regenerative medicine, orthobiologics refers to the use of natural biologics found in your body to help treat musculoskeletal muscle and bone issues.
1. Orthopedic Medical Professional
Being a specialist in the field of orthopedics as a surgeon, nurse or physician’s assistant may mean you work in a hospital or clinic setting. In business, that may be a large or small practice. An orthopedic surgeon is qualified to diagnose orthopedic problems, perform or prescribe treatments and assist with rehabilitation. They can also help you develop long-term strategies to treat illnesses, disorders and issues relating to your bones, joints, ligaments, tendons and muscles.
Advantage: You can specialize in a particular area like hips or knees. You can be in private practice with privileges in local hospitals.
Disadvantage: Orthopedic surgery specialty requires about 13 years of education.
2. Orthopedic Devices
With technological innovations coming in fast and furious, another business is the orthopedic devices industry. Thousands of orthopedic surgeries occur every day across the globe. Each time there’s a surgical device needed for a procedure, there must be ample supply on hand at the hospital or surgical clinic to meet the needs. The orthopedic device industry needs sales reps and distributors to sell and deliver implants and surgical instruments to clients. Inventory must be extensive to treat any number of possible surgical procedures. Parts needed include surgical screws, knee or hip replacements and spinal hardware.
Advantage: Parts are in high demand.
Disadvantage: The industry is highly competitive and hard to break into if you’re looking to start your own business.
3. Physical Therapy
Physical therapists evaluate and treat abnormal physical function related to an injury, disability or other health condition. P.T.s must have an extensive educational background, including a doctorate of physical therapy degree. Physical therapists try to ease pain and discomfort and train patients through proper movement and exercise. The goal is to guide the patient toward improvement in their range of movement and quality of life and prevent further injury or disability.
Licensed physical therapists work in a range of healthcare settings, including outpatient offices, private practices, hospitals, rehabilitation centers, nursing homes, home health as well as sports and fitness settings.
Advantages: This is a career that is in high demand as more people look for alternative treatments for pain relief or need post-op assistance.
Disadvantage: It’s a competitive industry that can be physically and emotionally challenging.
4. Sports Medicine
As more people are trying to become physically fit through sports, from weekend warriors to Olympic athletes, the field of sports medicine, also known as sports and exercise medicine (SEM), is growing. This is a branch of medicine that deals with physical fitness and the treatment and prevention of injuries related to sports and exercise. The purpose of those who go into this field is to assist fitness enthusiasts to safely and effectively exercise and reach their training goals.
Sports medicine specialists treat a wide range of physical conditions, like fractures, sprains, strains and dislocations, caused by injury or overtraining.
Advantage: This is a highly specialized field, and you may work in medical clinics, rehabilitation centers, private practices, college and universities and professional sports organizations.
Disadvantages: Those physicians who work for a sports organization will find themselves traveling with the team and being on call for the athletes, but more importantly, Sports Medicine requires about 11 years of education.
5. Regenerative Medicine and QC Kinetix
The field of orthobiologics, or regenerative medicine, is seeing tremendous growth as patients look for better non-surgical options for their pain and injuries. Regenerative medicine is focused on developing and applying new treatments to heal or repair tissues and organs and restore function lost due to aging, disease, damage or defects. The size of the global regenerative medicine market stands at $48.7 billion today, and it’s estimated to continue growing at a compound annual rate of 25% or more through 2025, according to Zion Market Research.
When it comes to the orthopedic industry, QC Kinetix is a medical franchise that uses regenerative medicine to treat musculoskeletal pain and injuries with natural treatment options that prolong or eliminate the need for surgical intervention. We are able to provide our patients with high-quality, personalized care, addressing a variety of medical issues.
Advantage: Whether an entrepreneur or a medical professional, you can open a medical franchise with QC Kinetix. We’ve created a winning business model for implementation at your clinic. The QC Kinetix franchise system is designed with practitioners in mind, so you spend more time on your patients and less time with red tape.
If you’re looking for a cutting-edge orthopedic business opportunity where you can enjoy franchise ownership and provide quality care for your patients, let’s get started taking the next step.
Joint & Bone Health Quickstart Program
QC Kinetix Joint & Bone Health supplements help your body to repair and renew injured joint tissues, including cartilage, ligaments, and tendons, while reducing inflammation of the bursae. Unlike steroids or pharmaceuticals, our supplements for joints work with your body to promote healing.
Supplements can boost your overall joint health as part of a general fitness program. However, they are particularly valuable for treating damaged or inflamed and painful joints. The Arthritis Foundation finds that joint health supplements show promise for relieving pain, stiffness, and other symptoms of arthritis.
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