Growing geriatric population, rising considerations towards the safety of the human health, increasing governmental funding, rise in adoption about platelets-rich plasma therapies, and increasing percentage of orthopedic and sports injuries are some of the drivers boosting the demand of platelets-rich plasma market, as per the findings of a business intelligence study from IndustryARC. The report has evaluated the global platelets-rich plasma market at $220 million as of 2018. Furthermore, the market is projected to grow at a CAGR of 12.32% during the forecast period 2019-2025.
The report is titled “Platelets-Rich Plasma (PRP) Market: By Type (Leukocyte-Rich PRP, Pure PRP and Others); By Source (Homologus PRP and Others); By Growth Factor Molecule (Platelet-derived growth factor and Others); By Application (General Surgery, Neurosurgery and Others); By Geography - Forecast(2018 - 2023).” It encompasses key aspects of the market including market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.
Platelets-Rich Plasma Market: Leading Segments
North America constitute a major share of 38% in the PRP market in 2018. Rising number of cosmetic surgeries, rising medical and healthcare industries, rising consciousness among patient population, widening PRP applications in therapeutics, sanctioning of new devices by US FDA, PRP potential assistance in providing enhanced management of various orthopedic issues are some vital factors that have rendered North America with the maximum demand share in platelets-rich plasma market.
PRP is an autologous conditioned plasma and PRP market is segregated into different types, namely leukocyte-rich PRP, pure PRP, leukocyte reduced PRP (P-PRP), PRP gel and pure platelet-rich fibrin. Based on application, PRP market is segmented into orthopedic surgery, cosmetic surgery, general surgery, neurosurgery, cardiothoracic surgery and ophthalmology. Furthermore, PRP is extensively used in orthopedic surgeries such as total hip replacement, total knee replacement, scoliosis repair, rotator cuff, and many more. Therefore, orthopedic segment is anticipated to register fastest growth with a CAGR of 25% through 2025.
Platelets-Rich Plasma (PRP) Market Disruptive Trends
· Ultrasound guided injections:
According to the World Health Organization, musculoskeletal injuries cause severe long-term pain and physical disability. Ultrasound guided injections of PRP accelerate the healing process. It is the most effective method for guiding the puncture of soft tissues and providing sufficient data about the injury.
· Solving Issues of Dental Industry
The aim of the patient undergoing periodontal regenerative surgery, is to maintain and preserve natural dentition for their lifetime and achieve prompt wound healing and regeneration of the periodontal unit. The aforementioned demands from the patients are met by platelets-rich plasma as it is enriched with a concentrated suspension of growth factors.
· Periapical Inflammatory Lesion Treatment
Optimal healing and bone regeneration are the major concerns for patients undergoing periapical surgery. PRP consist of thrombocyte concentrates and high amounts of growth factors (GFs), such as platelet derived growth factor (PDGF), insulin-like growth factor (IGF-I) and transforming growth factor (TGF-beta). These concentrates and GFs are important for wound healing and bone regeneration and thereby PRP is gaining demand as it facilitates optimal healing and bone regeneration.
Platelets-Rich Plasma (PRP) Market: Competitive Landscape
Key companies holding majority shares in the global PRP market are DePuy Synthes, Exactech, Inc., EmCyte Corporation, T-Biotechnology (T-LAB), ISTO Biologics, esca Therapeutics, Inc., Terumo BCT, Inc., Glofinn Oy, Zimmer Biomet, Arthrex, Inc.,
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A. Platelet Aggregation Devices Market
B. Global Regenerative Medicine Market
What can you expect from the report?
The platelets-rich plasma market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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