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 : April, 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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

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:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

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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