USD 297.6 million
Report ID:
SQMIG35H2056 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
122
|Figures:
77
Plasma Therapy Market size was valued at USD 297.6 million in 2019 and is poised to grow from USD 339.26 million in 2023 to USD 967.78 million by 2031, growing at a CAGR of 14% in the forecast period (2024-2031).
White blood cells (WBCs), red blood cells (RBCs), plasma, and platelets are known components of blood. As plasma contains a high concentration of antibodies, it can be utilized in plasma therapy to transmit the immunity of a healthy recovered individual to the patient. This therapy has been used for a very long period, mostly in orthopaedics, dermatology, and dentistry. The rise in androgenic alopecia patients worldwide is one of the key reasons expected to propel the growth of the market during the forecast period. Furthermore, it is anticipated that growing utilization platelet-rich plasma in a number of therapeutic areas may drive the market. Moreover, it is anticipated that the increase in the incidence of arthritis would moderate expansion of the market. Furthermore, the lack of reimbursement guidelines and the different costs involved with plasma therapy is also anticipated to restrain the market growth over the forecast period. Rising prevalence of sports injuries is driving the growth of the global market. Demand for the therapy has increased as a result of the increase in androgenic alopecia patients worldwide. Additionally, the rise in patients with androgenic alopecia and orthopedic disorders may present additional potential growth opportunities for the market in the coming years. However, the limited use of PRP in diabetic patients and kidney problems may pose further challenges for the growth of the market in the near future.
US Plasma Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 297.6 million
Largest Segment
Hospitals & Clinics
Fastest Growth
Hospitals & Clinics
Growth Rate
14% CAGR
To get more reports on the above market click here to Buy The Report
Global Plasma Therapy market is segmented on the basis of Type, Source, Application, End Users, and region. By Type, the market is segmented into Pure Platelet Rich Plasma, Leukocyte Rich Platelet Rich Plasma, Pure Platelet-Rich Fibrin, Leukocyte-Rich Fibrin. By Source, the market is segmented into Autologous, and Allogenic. By Application, the market is segmented into Orthopaedics, Sports Medicine, Cosmetic Surgery, Dermatology (Ulcer Healing, Others), Ophthalmic Surgery, Neurosurgery, General Surgery, Others. By End User, the market is segmented into Hospitals & Clinics, and Research Institutes. The market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America based on region.
Plasma Therapy Market Analysis by Type
Due to its widespread use in tissue regeneration, repair, and healing, pure platelet-rich plasma held the largest revenue share of over 50.0% in 2021. Due to allergic and immune responses after treatments, PRP does have a low risk of unwanted effects. It is mostly known for its off-label use, and manufacturers are eager to develop new products that are expected to accelerate the industry's growth. The growing utility of leucocytes in general surgery, orthopedics, and sports injuries suggests that the leucocyte-rich segment could expand. The efficacy of LR-PRP in treating osteoarthritis of the knee with operation and bone regeneration has been established through research, and this is expected to drive new markets during the forecast period.
Plasma Therapy Market Analysis by End User
In 2021, the hospitals segmented contributed more than 45.0% of total revenue. This can be linked to a quick uptake of PRP-based therapies in hospitals as a result of the recent increase in osteoarthritis cases, increased demand for non-surgical management in therapy, and rising hair loss incidences. With installation of centrifuge systems in hospitals provided by companies like Focus Technology Co. and Changsha Biomed Supply Co., lucrative opportunities for market growth are further expanded.
To get detailed analysis on other segments, Request For Free Sample Report
Due to the existence of top platelet-rich plasma therapy product manufacturers, active involvement of academic and research institutions in trying to cut research and development activities, rising public awareness of the benefits of platelet-rich plasma therapies, and support from regulatory bodies and the government to promote the use of PRP for medical purposes, North America held the largest market share for plasma therapy in 2021. The availability of highly skilled individuals and the region's well-developed healthcare infrastructure both drive market growth.
The market in Asia Pacific is expected to grow at the fastest CAGR, owing to high population density and the rising prevalence of chronic diseases. Huge market opportunities are being created by the expansion of healthcare facilities and government efforts to enhance public health. A major factor in the expansion of the regional market is the abundance of disease patients in the region. The market in Asia-Pacific is also growing as a result of an increase in investment by the key industry players in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Plasma Therapy Market Drivers
Increasing platelet-rich plasma
Global growth of immunoglobulin utilization
Plasma Therapy Market Restraints
The cost of plasma therapy becomes high.
Request Free Customization of this report to help us to meet your business objectives.
Global plasma therapy market's competitive landscape provides information by competitors. An overview of the company, financials, revenue, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance are among the data that are included. Only the market emphasis on plasma therapy that the companies have is covered by the data points given above.
Plasma Therapy Market Top Player’s Company Profiles
Plasma Therapy Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to global plasma therapy market analysis, global market growth is anticipated to be driven by rising autoimmune diseases among the older population. Additionally, it is anticipated that a surge in the establishment of plasma collection centres at various locations and initiatives by healthcare organisations and governmental bodies to improve awareness about plasma donation will boost the market's revenue. Such efforts on the part of the government and businesses will accelerate the growth of the market. A lifestyle which involves alcohol, smoking, and consuming fast food increases people's chance of developing inflammatory illnesses, which is expected to boost the market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 297.6 million |
Market size value in 2031 | USD 967.78 million |
Growth Rate | 14% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Plasma Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plasma Therapy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plasma Therapy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plasma Therapy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Plasma Therapy Market size was valued at USD 297.6 million in 2019 and is poised to grow from USD 339.26 million in 2023 to USD 967.78 million by 2031, growing at a CAGR of 14% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35H2056
sales@skyquestt.com
USA +1 351-333-4748