What is the global market size of the Platelet Rich Plasma Market?

Global Platelet Rich Plasma Market size was valued at USD 546.6 million in 2021 and is poised to grow from USD 629.19 million in 2022 to USD 2232.54 million by 2030, growing at a CAGR of 11.15% in the forecast period (2023-2030).

Platelet Rich Plasma Market Size, Share, Growth Analysis, By Type (Pure Platelet Rich Plasma (P-PRP), Leukocyte-Rich Platelet Rich Plasma (L-PRP)), By Origin (Autologous PRP, Allogeneic PRP), By Application, By End-User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG35I2097 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 116 | Figures: 77

Platelet Rich Plasma Market News

In November 2022, Tri-Cities Infusion & Wellness Clinic, PLLC, which is based in Kennewick, Washington, has signed an agreement to sell its assets to Irwin Naturals Inc. Infusions of ketamine, which have been used to treat a number of mental disorders, are available at the clinic. Additionally, it provides regenerative therapies including platelet-rich plasma (PRP) injections, cosmetic procedures, and IV nutrition infusions.
In September 2022, Suneva Medical, Inc.'s launched its Amplifine Platelet Rich Plasma (PRP) gel tubes 30ml version which will give patients and practises a larger volume of PRP to address various areas of concern more effectively. Suneva Medical, Inc. is a cutting-edge medical technology company that uses regenerative products to change the standard of care in patient treatments. The U.S. Food and Drug Administration (FDA) granted the 30 mL PRP tubes 510(k) certification earlier this year.

Platelet Rich Plasma Market Report Snapshots

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Global Platelet Rich Plasma Market size was valued at USD 478.53 million in 2022 and is poised to grow from USD 539.78 million in 2023 to USD 1414.79 million by 2031, growing at a CAGR of 12.8% during the forecast period (2024-2031).

Global Platelet Rich Plasma Market is moderately competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major Players include Johnson & Johnson, Arthrex, Inc., EmCyte Corporation and DR. PRP AMERICA, LLC. among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Harvest Technology (USA) ', 'Stryker Corporation (USA) ', 'Zimmer Biomet (USA) ', 'Arthrex Inc. (USA) ', 'Terumo BCT Inc. (USA) ', 'Celling BioSciences Inc. (USA) ', 'APEX Biologix (USA) ', 'Juventix Regenerative Medical, LLC (Italy) ', 'Dr. PRP USA LLC (USA) ', 'Ycellbio Medical Co., Ltd. (South Korea) ', 'EmCyte Corporation (USA) ', 'Regen Lab SA (Switzerland) ', 'Zimmer Biomet (USA) ', 'Arthrex Inc. (USA) ', 'Terumo BCT Inc. (USA) ', 'Celling BioSciences Inc. (USA)'

The use of platelet-rich plasma in the treatment of orthopaedic diseases, musculoskeletal ailments, and sports injuries has seen a surge in demand. It focuses on growth factors and can speed up healing considerably. PRP is a significant source of personalised products for each patient in the field of regenerative medicine, supporting the cascade of wound healing and tissue restoration. These factors positively affect the market growth.

Human dermal cells that control hair follicle development are successfully multiplied by platelet-rich plasma. PRP has led to an overall rise in hair density, which is driving demand in the market both as a stand-alone treatment and in combination with hair transplant procedures. Given that PRP is an autologous product, it is thought to be safe and devoid of infectious infections. No major post-treatment adverse effects have been reported, however mild side effects including bruising, erythema, and crusting are thought to be rather prevalent. Researchers have discovered proof that PRP can stimulate fresh hair growth. To determine if PRP is efficient, however, further study is required because to the drawbacks of these trials, including as their small sample numbers and the variations in technique and procedure across physicians. The best PRP candidates must be found, and standardised treatment methods must be developed by medical professionals and researchers.

North America dominated the Global Platelet Rich Plasma Market share in 2021. This may be ascribed to the existence of several production facilities eager to create innovative PRP-based treatment methods, the high procurement at end-users including hospitals and clinics, and the presence of significant market participants. The market presence was reinforced by the assistance and approvals given by regulatory bodies. Such actions are predicted to increase market availability of platelet-rich plasma and speed up growth. During the projected period, it is predicted that the U.S. would provide promising growth opportunities. In the nation, PRP-based therapies are extensively used, with an increase in orthopaedic and aesthetic operations. The prominence of major players in the U.S together with the developed healthcare system in the nation, will also continue to influence the demand prognosis for platelet-rich plasma over the evaluation period. Due to these developments, the industry is anticipated to have a 3/10th market share.

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Platelet Rich Plasma Market Size, Share, Growth Analysis, By Type (Pure Platelet Rich Plasma (P-PRP), Leukocyte-Rich Platelet Rich Plasma (L-PRP)), By Origin (Autologous PRP, Allogeneic PRP), By Application, By End-User, By Region - Industry Forecast 2025-2032

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