The global platelet rich plasma market size is expected to reach USD 647.1 million by 2025, according to a new report by Grand View Research, Inc. Growing prevalence of orthopedic diseases and increasing application of PRP in cosmetic surgery is propelling the demand for the market. Platelet-rich plasma (PRP) has become one of the cutting-edge technologies for a number of medical applications including orthopedics, general surgery, cosmetic surgery, cardiovascular surgery, wound healing, and others.
Platelet
rich plasma treatments aid in soft tissue healing and reduce the risk of post
and preoperative bleeding. As a result, it is considered as one of the most
significant treatment methods for the management of several chronic diseases.
The most enticing fact about this treatment is that the procedure helps in
regeneration of ligament and tendon fibers, which can possibly obviate the need
for surgery and result in enormous growth of the PRP market during the forecast
period.
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Platelet Rich
Plasma Market Report Highlights
- The market study suggests
that pure PRP dominated the overall PRP market in 2016 owing to its
greater capability and suitability for bone regeneration and improved
patient response due to less inflammation
- However, leukocyte-rich PRP
is expected to witness highest growth rate due to the presence of
inductive properties that help in stimulation of healing processes.
Treatment with leukocyte-rich PRP is anticipated to be one of the most
favorable methods in the future for the treatment of soft tissue defects
- Amongst the application
segments, orthopedics occupied the largest share in 2016 as PRP injections
aid in rapid augmentation of soft tissue healing process. Few orthopedic
complications that have been treated successfully with PRP techniques
include knee osteoarthritis, Achilles tendinopathy, lateral epicondylitis,
rotator cuff tears, and ulnar collateral ligament
- The cosmetic surgery and
dermatology application segment in platelet rich plasma market is
expected to grow at the highest growth rate during the forecast period as
PRP injections trigger the production of new cells and promote collagen
formation, which naturally tightens and smoothens the skin
- North America dominated the
regional segment with the largest revenue share in 2016, due to increasing
orthopedic disorders & sport injuries and greater developments in the
field of plasma therapy
- Asia Pacific is expected to
witness significant growth during the forecast period, primarily due to
growing awareness regarding platelet rich plasma treatment, rising demand
for cosmetic procedures, and booming medical tourism industry in the
region
- Some of the major companies
operating in this market are T-Biotechnology (T-LAB); Arthrex, Inc.;
Terumo BCT, Inc.; EmCyte Corporation; DePuy Synthes; Zimmer Biomet;
Stryker; Glofinn Oy; DR. PRP AMERICA, LLC; and others.
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Platelet Rich
Plasma Market Segmentation
Grand View Research has segmented
the global Platelet Rich Plasma market on the basis of product,
application, and region:
Platelet Rich
Plasma Product Outlook (Revenue, USD Million, 2014 - 2025)
- Pure PRP
- Leukocyte-Rich PRP
- Leukocyte-Rich Fibrin
Platelet Rich
Plasma Application Outlook (Revenue, USD Million, 2014 - 2025)
- Orthopedics
- Cosmetic Surgery &
Dermatology
- Ophthalmic Surgery
- Neurosurgery
- General surgery
- Others
Platelet Rich
Plasma Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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