PUBLISHER: Value Market Research | PRODUCT CODE: 1547697
PUBLISHER: Value Market Research | PRODUCT CODE: 1547697
The global demand for Platelet Rich Plasma Market is presumed to reach the market size of nearly USD 1172.97 Million by 2032 from USD 431.58 Million in 2023 with a CAGR of 11.75% under the study period 2024-2032.
Platelet-rich plasma, or PRP, is a component of human blood that contains proteins to enable blood clotting and can promote healing in a person it is derived from. When PRP is injected into the damaged tissues, it stimulates the body to grow new, healthy cells and thus promotes healing. PRP is prepared by deriving blood from the person and then passing it through two stages of centrifugation to separate PRP from red blood cells and platelet-poor plasma. PRP therapy treats patients with chronic tendinitis, osteoarthritis, tendon injuries, acute injuries, hair loss conditions, oral surgery, and plastic surgery. This therapy does not provide immediate results.
PRP therapy's various advantages like little or no pain, faster recovery, and no scar tissue over surgery are the key driving force behind this market's growth. The simplicity of this therapy will further propel its use in place of transplants. Rising incidences of sports-related injuries and increased adoption of cosmetic procedures will boost the growth of this market. PRP is becoming very popular among the geriatric community since there is absolutely no risk of infection or allergic reactions involved in the process. Growing awareness about the efficiency of platelet-rich plasma treatment in dental health will be a market booster. PRP's single major drawback is its ineffectiveness in treating areas other than the elbow, muscles, and tendons.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Platelet Rich Plasma. The growth and trends of Platelet Rich Plasma industry provide a holistic approach to this study.
This section of the Platelet Rich Plasma market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Platelet Rich Plasma market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Platelet Rich Plasma market include Zimmer Biomet Holdings Inc., AdiStem Ltd., ISTO Biologics, ThermoGenesis Holdings Inc., Stryker Corporation, Exactech Inc., EmCyte Corporation, Regen Lab, Arthrex Inc., Terumo BCT, Inc. (Terumo Corporation), DePuy Synthes Companies (Johnson & Johnson), APEX Biologix LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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