The global Platelet Rich Plasma Market size is expected to reach US$ 715.65 million by 2030 and is expected to grow at an impressive double-digit rate of 11.6% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Platelet Rich Plasma Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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If you are aiming to enter the global Platelet Rich Plasma Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Platelet Rich Plasma are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Rising elderly population and intensifying orthopedic conditions are probable to lift the growth of global platelet rich plasma market. As per data published by National Center for Biotechnology Information, more than 1.4 million people are recognized with fractures related to osteoporosis every year. Besides, escalating attentiveness associated to platelet rich plasma therapy for dental treatment is likely to boost the market expansion.
Research and Development in drug delivery system for platelet-rich bioactive molecules is anticipated to propose profitable development prospects for companies operational in the global platelet-rich plasma market. For example, in 2020, researchers from Czech Republic, Charles University, and Institute of Experimental Medicine of the Czech Academy of Sciences stated development of an easy delivery system to extend the effects of the bioactive molecules released by platelets.
PRP comprise 7 growth factors, and it can be employed for numerous treatments, including severe ligament, and muscle wounds, chronic tendon wounds, knee arthritis, surgery, pain and fractures. In orthopedics, the usage of PRP is likely to upsurge over the year to come. Due to cumulative elderly populace, incidence of doctor-diagnosed arthritis is predictable to surge suggestively within prediction period. The popularity of PRP is on the escalation, still its true efficiency is yet to be completely recognized. The PRP is extensively utilized in surgery to recover torn knee ligaments, like the anterior circulate ligament. The PRP eases the rapid curing of the tissue afterward surgical actions.
Report Highlights
- International market participants like Harvest, Cesca, Biomet and Arthrex are reinforcing their prevailing distribution networks to augment their market footprint and revenue share
- Among different applications, Orthopedics segment help majority of the market share in terms of revenue in 2019. This is on account of the fact that number of orthopedic problems such as quadriceps, rotator cuff, Achilles tendon injuries, hamstring, and tennis elbow can be treated effectively with PRP
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Key Market Players and Strategies
Major companies engaged in the global platelet-rich plasma market are emphasizing on introduction of novel products, and associations & cooperative agreements with other companies. These policies of crucial companies are prospective to bolster the global platelet-rich plasma market development.
Certain prominent companies functioning in the Platelet Rich Plasma market are as follows:
- Zimmer Biomet
- Arthrex, Inc.
- Harvest Technologies Corporation
- Stryker Corporation
- DePuy Synthes, Inc.
- Cesca Therapeutics, Inc.
- AdiStem Ltd.
- Exactech Inc.
- ISTO Biologics
- Nuo Therapeutics
Major Market Segments Covered:
By Product
- Leukocyte Rich PRP
- Pure PRP
- Leukocyte Rich Fibrin
By Origin
- Allogeneic PRP
- Autologous PRP
- Homologous PRP
By Application
- Cosmetic Surgery & Dermatology
- Orthopedic Surgery
- General Surgery
- Ophthalmic Surgery
- Neurosurgery
- Other
Regional Analysis:
The geographical analysis of the global Platelet Rich Plasma Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Platelet Rich Plasma Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Platelet Rich Plasma Market in 2030?
- What is the expected CAGR for the Platelet Rich Plasma Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Platelet Rich Plasma Market?
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