Platelet Rich Plasma Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Platelet Rich Plasma Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2020 | Biotechnology | PPT format

Report Digest


Global Platelet Rich Plasma Market: Overview 

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.

Some of the key market players of the global platelet rich plasma market are 

  • Harvest Technologies Corporation
  • Cesca Therapeutics, Inc.
  • Stryker Corporation
  • EmCyte Corporation
  • Zimmer Biomet
  • Nuo Therapeutics, Inc. 

Global Platelet Rich Plasma Market: Growth Drivers 

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. 

Global Platelet Rich Plasma Market: Regional Outlook 

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:

Type

  • Pure-PRP
  • Leucocyte Rich PRP
  • Pure Platelet Rich Fibrin
  • Leukocyte-Rich PRF

Application

  • Orthopedics
  • Neurosurgery
  • General Surgery

Origin

  • Autologous
  • Homologus
  • Allogeneic

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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