Plasma Therapy Market Size, Share, Growth Analysis, By Type(Pure Platelet Rich Plasma, Leukocyte Rich Platelet Rich Plasma, Pure Platelet-Rich Fibrin, Leukocyte-Rich Fibrin.), By Source(Autologous, and Allogenic.), By Application(Orthopedics, Sports Medicine, Cosmetic Surgery, Dermatology (Ulcer Healing), By End User(Hospitals & Clinics, and Research Institutes.), By Region - Industry Forecast 2024-2031

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.