Fact.MR – A Market Research and Competitive Intelligence Provider: The global platelet-rich plasma market is expected to surpass an impressive valuation of around US $ 1.5 Billion surpassing a CAGR of 12% during the assessment period.
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Fact.MR – A Market Research and Competitive Intelligence Provider: The global platelet-rich plasma market is expected to surpass an impressive valuation of around US $ 1.5 Billion surpassing a CAGR of 12% during the assessment period.
Platelet-rich plasma is commonly used in healthcare industry, especially in cosmetic surgeries, and orthopedic surgeries. Moreover, Injuries such as rotator cuff, tendon injuries, tennis elbow, and hamstring among others are treated quickly and effectively with the help of platelet-rich plasma therapy.
Historically, the platelet-rich plasma market had witnessed a CAGR of 10% and reached a value of US $ 400 Mn. Moreover, surge in sports injuries have also pushed the demand further in coming years.
Besides this, plasma is also rapidly used for treatment of medical conditions such as facelift surgeries and erectile dysfunction. These are some of the new application areas in the platelet-rich plasma market.
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Apart from this, platelet-rich plasma therapy is very commonly used in cosmetic surgeries. For instance, this is widely used for tapping growth opportunities in hair and skin care. Also, micro-needling, with the help of platelet-rich plasma injections, offers unfolding opportunities to improve skin-texture and appearance.
Key Takeaways:
- United States is anticipated in dominate the market during the forecast period. Moreover, market is expected to witness a CAGR of 9% until 2031.
- U.K is projected to be the most profitable market for the plasma across Europe owing to high rise in sports injuries. Moreover, market is projected to expand through 2031 registering a growth of 8% CAGR.
- India is expected to witness an impressive growth prospects for the market during the forecast period. Surge in uptake is observed due to high prevalence of inflammatory diseases.
- By End-User, Hospitals are expected to register a 10% CAGR during forecast period.
Growth Drivers:
- Surge in number of patients opting for PRP injections is expected to boost the growth of the market.
Restraints:
Competitive Landscape:
- The market is moderately competitive and the landscape comprises of key players that are active in the expansion of the global platelet rich-plasma market during the forecast period.
- Players are also focusing on various strategies to expand product offerings and expand geographic presence. With advancement in technology, new players are entering the market.
- In February 2021, Atlas Health Medical Group announced plasma-rich platelets availability to its patients.
- Moreover, in February 2020, EmCyte completed the acquisition of Cellmedix Holdings LLC, that includes proprietary product system, namely Centrepid Platelet Concentrator.
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Key Companies Profiled by Fact.MR
- Arthrex, Inc.
- Johnson & Johnson
- Zimmer Biomet Holdings, Inc.
- Exactech, Inc.
- Stryker Corporation
- Terumo Medical Corporation
- Biotest Aktiengesellschaft
- CSL Ltd
More Valuable Insights on Platelet-rich Plasma Market
Segmentation of Platelet-rich plasma market
- Product Type
- Platelet-Rich Plasma Instruments
- Pure Platelet-Rich Plasma Kits
- Leucocyte-Rich Platelet-Rich Plasma Kits
- Platelet-Rich Fibrin Kits
- Pure Platelet-Rich Fibrin Kits
- Application
- Platelet-Rich Plasma for Orthopedic Surgery
- Platelet-Rich Plasma for Cosmetic Surgery
- Platelet-Rich Plasma for General Surgery
- Platelet-Rich Plasma for Neurosurgery
- Platelet-Rich Plasma for Other Surgeries
- End User
- Platelet-Rich Plasma Therapy in Hospitals
- Platelet-Rich Plasma Therapy in Orthopedic Clinics
- Platelet-Rich Plasma Therapy in Dermatology Clinics
- Platelet-Rich Plasma Therapy by Other End Users
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