Platelet Rich Plasma (PRP) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global Platelet Rich Plasma (PRP) Market: By Product Type (Pure Platelet Rich Plasma, Pure Platelet Rich Fibrin, Leukocyte-Platelet Rich Fibrin, Others), By Application (General Surgery, Neurosurgery, Cardiac Surgery, Orthopedic Surgery, Others), By End User (Hospitals, Ambulatory Surgical Centers (ASCs), Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global platelet rich plasma (PRP) market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Global Platelet Rich Plasma (PRP) Market
Platelet rich plasma (PRP) is a permanent solution for various conditions such as ligament/tendon sprains, arthritis, and tears. Platelet rich plasma (PRP) therapy is usually done by utilizing the body’s natural healing process. In this therapy, the concentration of platelets are injected into the damaged tendons, joints and ligaments in order to accelerate healing that anticipates tissue repair. The platelets are considered to be rich in growth and healing factors. The Platelet rich plasma (PRP) injections are used in the treatment of various conditions such as shoulder pain and instability, lumbar spine disc pain, knee sprains and instability, hamstring and hip strains, ankle sprains, knee, hip, and other joint osteoarthritis among others.
Market Dynamics: Global Platelet Rich Plasma (PRP) Market
Increase in the geriatric population along with increase in health issues are the key factors attributing the growth of Platelet rich plasma (PRP) market. The rising applications of platelet rich plasma (PRP) in various areas anticipated to fuel the growth of the market. The soaring use of PRP application in the cosmetic surgeries is boosting the growth of the market. The successful application of PRP in the orthopedic disorders such as Achilles tendinopathy, knee osteoarthritis, rotator cuff tears, and lateral epicondylitis has enhanced the growth of the Platelet rich plasma market. Growing incidence of sport injuries is adding scope for further growth in the market. However, the high risk of contamination owing to improper storage is hampering the growth of the market. The difficulty in quality control of test results is hindering the growth of the Platelet rich plasma market.
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Market Scope: Global Platelet Rich Plasma (PRP) Market
Platelet rich plasma (PRP) market is segmented on the basis of product type, application, and end user
Based on the product type, the market is segmented into the following:
- Pure Platelet Rich Plasma
- Pure Platelet Rich Fibrin
- Leukocyte-Platelet Rich Fibrin
- Others
Based on the application, the market is segmented into the following:
- General Surgery
- Neurosurgery
- Cardiac Surgery
- Orthopedic Surgery
- Others
Based on the end user, the market is segmented into the following:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Others
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Regional Analysis: Global Platelet Rich Plasma (PRP) Market
Geographically, global platelet rich plasma (PRP) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America platelet rich plasma (PRP) market is set to expand at significant CAGR owing to increase in the number of surgeries due to rise in prevalence of cardiac and neurodegenerative disorders, advancements in healthcare technology, and presence of significant market players in the North America. Europe platelet rich plasma (PRP) market has lucrative growth attributed to increase in demand for cosmetic surgeries, increase in the number of sports injuries, and rise in focus on R&D to develop the newer products are anticipated to propel the market. However, Asia Pacific platelet rich plasma (PRP) market is poised to grow due to entry of market players into Asia Pacific countries, increase in the number of surgical procedures due to rise in medical tourism, and grow in geriatric population in India and China are surge the market
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Competition Assessment: Global Platelet Rich Plasma (PRP) Market
Some of the players in the global platelet rich plasma (PRP) market include:
- Bio Products Laboratory Ltd. (BPL) (UK)
- Cambryn Biologics LLC (U.S.)
- CSL Ltd. (Australia)
- Kedrion S.p.A. (Italy)
- China Biologic Products, Inc. (China)
- LFB S.A. (France)
- Grifols International S.A. (Spain)
- Octapharma (Switzerland)
- BioLife Plasma Services (U.S.)
- Biotest (Germany)
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