Market Research Report
Global Plasma Therapy Market (Pure PRP, Leukocyte-Rich PRP, Pure PRF, Leukocyte-Rich PRF): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
|Global Plasma Therapy Market (Pure PRP, Leukocyte-Rich PRP, Pure PRF, Leukocyte-Rich PRF): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)|
Published: May 6, 2020
Content info: 120 Pages
Delivery time: 1-2 business days
The global plasma therapy market is expected to reach US$384.94 million in 2024, witnessing growth at a CAGR of 7.24%, over the period 2020-2024. Factors such as rising healthcare expenditure, increasing occurrences of orthopedic disorders, growing geriatric population, rising prevalence of chronic diseases, expanding urbanization and growing preference towards non-surgical procedures are expected to drive the market. The growth of the market would be challenged by severe side effects of plasma therapy and barriers to implementation. A few notable trends may include escalating androgenic alopecia patients, huge demand due to coronavirus, better healthcare provision in developed countries and advancements in technology.
The global plasma therapy market can be categorized on the basis of type, source, application and end-users. Depending upon the type, the global plasma therapy market can be categorized into Pure PRP (Platelet Rich Plasma), Leukocyte Rich PRP, Pure Platelet Rich Fibrin (PRF) and Leukocyte Rich Fibrin (L-PRF). In terms of source, the global plasma therapy market can be segmented into Autologous and Allogenic. Whereas, on the basis of application, the global plasma therapy market can broadly be categorized into Orthopedic, Dermatology, and Cardiac Muscle Injury. And the global plasma therapy market can be segmented into Hospitals & Clinics and Research Institutes, depending upon the end-user.
The fastest growing regional market is North America due to advanced infrastructure which helped in increasing plasma collection over the time, rise in the occurrence of several orthopedic disorders such as osteoarthritis, easy availability of therapeutics were the factors responsible for market growth in the abovementioned time period.