Platelet Rich Plasma Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Plasma refers to the liquid portion of one’s blood, in which vitamins, white and red blood cells, and salts are found. Most of the content of plasma comprises water. The plasma turns yellow in color, once red blood cells are removed from it. The global platelet rich plasma market is driven by the growing incidences of bone-related disorders and arthritis. According to the US Arthritis Foundation, arthritis is one of the leading reasons for adult disability in the nation.
The global platelet rich plasma market has been segmented on the basis of four different parameters. These parameters are type, application, origin, and region.
Global Platelet Rich Plasma Market: Notable Developments
The global platelet rich plasma market has gone through a few developments in the last few years. Developments such as this show what are going to make an impact one the growth of the global platelet rich plasma market. One of such developments is mentioned below:
In October 2017, Stryker Corporation announced about its acquisition of Vexim The latter is a France-based company. The French company is a manufacturer of medical devices and specializes in minimally invasive treatment. With this acquisition, that Stryker Corporation will be able to expand its geographical reach.
High Occurrences of Arthritis Spells Growth for the Market
Platelet-rich plasma mixes ability of the body to heal itself with the modern technology. It is used in various medical applications comprising cosmetic surgery, ophthalmology, neurosurgery, and orthopedics. Platelet rich plasma therapy comprises a small sample of an individual’s own blood with modern technology to cure one’s self. The global platelet rich plasma market is likely to gather momentum from it increased use in various end use industries like cosmetic surgery, ophthalmology, neurosurgery, and orthopedics. The therapy involves placement of an individual’s own blood in a centrifuge to separate the platelets from various other components. The platelet is injected around and into the injury point for facilitating rapid recovery. This process does not cause any allergy and infection in a patient as it is the patient’s own blood.
Rapid growth in various orthopedic conditions is likely to fuel the expansion of the global platelet rich plasma market over the tenure of assessment. According to the findings of National Center for Biotechnology Information, nearly 1.5 Mn people are affected by osteoporotic-related fracture. In addition to that, increased awareness about platelet rich plasma treatment in such cases stimulate growth of the global platelet rich plasma market.
In the global platelet rich plasma market, North America is anticipated to lead the market in terms of revenue. Widening of the scope of application of platelet rich plasma in therapeutics is forecasted to stimulate the expansion of the global platelet rich plasma market. There has been a rise in the number of people affected with various orthopedic disorders, which plays a vital role in the growth of the market over the timeframe of forecast.
A large number of leading players of the platelet rich plasma market have strong presence in the North America, which acts as a growth factor for the market.
The global platelet rich plasma market is segmented as:
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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