Platelet-rich plasma (PRP) is an autologous product that distillates a huge quantity of platelets in a small volume of plasma. It has a platelet concentration above the baseline. Owing to its high usage in wound healing, platelet-rich plasma (PRP) has spanned its utility in various fields of dermatology from chronic ulcer management to trichology and aesthetics. At present, platelet-rich plasma (PRP) is extensively used in numerous clinical scenarios like orthopedics, ophthalmology and healing therapies, as a growth factor pool for enhancing tissue regeneration. The chief purpose of platelets are to avert severe blood loss and repairing vascular walls and adjacent tissues after injury. PRP is injected into the tissue or joint that is considered to be the pain initiator.
Platelets-Rich Plasma are widely used in medical applications, especially in surgeries and have benign function like it is being used for neurosurgery, cosmetic surgery and more. Major Platelets-Rich Plasma that are used in humans quickens endothelial, epithelial, and epidermal rejuvenation, arouses angiogenesis, augments collagen synthesis, promotes soft tissue healing, enhances the hemostatic response to injury and many more. Moreover, Platelets-Rich Plasma do reduce the dermal scarring as well. The materials are highly useful to heal damaged tissue and advance body functions.
The increasing consideration towards the safety of human health as well as increased funds & grants by government bodies worldwide, have further resulted in more consumption of platelets-Rich plasma in numerous surgery applications as well as regions. Major types of platelets-rich plasma commercially available are leukocyte-rich PRP, pure PRP, PRP gel, pure platelet-rich fibrin and others. The report also focuses on different geographic regions and the key countries in terms of changing trends in Platelets-Rich Plasma market in various fields.
Platelets-rich plasma are extensively used in surgery applications. They majorly find their use in applications such as orthopedic, surgery, cosmetic surgery, general surgery, neurosurgery and more. In neurosurgery, PRP is specifically used pituitary tumor removal, skull base tumor resection resection, acoustic neuroma excisions and others. Furthermore, it is also used in numerous orthopedic surgeries such as total hip replacement, total knee replacement, scoliosis repair and many more.
The end user industry is the major driver for the platelets-rich plasma market to grow. Platelets-rich plasma find their applications in various segments of medical applications like neurosurgery, cosmetic surgery, orthopedic/spinal surgery, cardiothoracic surgery, general surgery and more. The extensive number of cosmetic surgeries performed is considered as one of the most prominent factor propelling the growth of the global PRP market. However, some factors that restrict the growth of global PRP market include high cost of the devices and therapy as well as threat of therapy failure.
North America dominated the global platelets-rich plasma market. The platelets-rich plasma based research, growing demand in cosmetic surgery in U.S. is all set to drive the demand of platelets-rich plasma materials in North America region. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming medical & healthcare industry will directly impact the demand of the platelets-rich plasma over the foreseeable period.
The dominance of North America region was primarily because of growing occurrence of orthopedic diseases, increasing cosmetic surgeries, sanctions of various devices by the U.S. FDA as well as rising consciousness among the patient population. APAC, especially Japan is the fastest growing markets for platelets-rich plasma as it is a world leader in medical surgeries. Additionally, medical tourism is yet another factor that is propelling the growth of PRP in this region. Countries that will experience strong growth include China, Vietnam, India, China, Sri Lanka, Myanmar and Bangladesh. In the recent years, with increasing emphasis on health safety and reducing, end-product manufacturers have preferred this material.
The global platelets-rich plasma market is evaluated based on key attributes such as types, source, application, growth factor molecules and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global platelets-rich plasma market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
Sample Companies profiled in this report are:
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).