(EMAILWIRE.COM, November 17, 2018 ) In 2017, the global Platelet Rich Plasma (PRP) market size was 190 million US$ and is forecast to 440 million US in 2025, growing at a CAGR of 11.2% from 2018. The objectives of this study are to define, segment, and project the size of the Platelet Rich Plasma (PRP) market based on company, product type, application and key regions.
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This report studies the global market size of Platelet Rich Plasma (PRP) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Platelet Rich Plasma (PRP) in these regions.
This research report categorizes the global Platelet Rich Plasma (PRP) market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
Platelet Rich Plasma is a biologic isolated from whole blood that is preferentially enriched for platelets. While platelets are the primary component of PRP, preparations may also contain other cellular components such as white blood cells (WBCs) and peripheral stem cells. These components all play a biological role in the healing process and are provided at concentrated levels in PRP. Thus, PRP may help optimize the conditions for healing of bone and soft tissue.
In 2017, P-PRP is the largest segment of PRP utilized globally and held more than 63% of market share in the global PRP market. Rich content of platelets and growth factors and conventional type of PRP are the key factors that contributed in the dominance of P-PRP segment. Meanwhile, L-PRF is anticipated to be the fastest growing segment during the forecast period from 2017 to 2025.
PRP products are used for improving the rate of injury healing process in sports and orthopedic diseases and as dermal fillers in cosmetic industries. Orthopedic surgery was the largest application segment in 2017, accounting for more than 37% of the global PRP market. Multiple applications of PRP in cosmetic surgeries and its cost-effectiveness are the prominent factors catalyzing growth of this market in cosmetic surgery.
Geographically, in 2017 North America dominated the global PRP market and held more than 53% of the market share. Factors such as increasing number of cosmetic and orthopedic surgeries, key players domiciled in the region and strong awareness about PRP therapy and devices are supporting the dominance of the region. However, Asia-Pacific is estimated to witness strong growth and emerge as the most promising and fastest growing market during the forecast period from 2017 to 2025.
The various contributors involved in the value chain of Platelet Rich Plasma (PRP) include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Platelet Rich Plasma (PRP) include
Harvest Technologies
DePuy Synthes
Stryker
Zimmer Biomet
Arthrex
Exactech
Emcyte Corporation
Arteriocyte
Adilyfe
Market Size Split by Type
P-PRP
L-PRP
L-PRF
Market Size Split by Application
Orthopedic Surgery
Cosmetic Surgery
General Surgery
Other Surgeries
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