Global Platelet Rich Plasma Market was valued US$ 195.6 Mn in 2017 and is expected to reach US$ 503.2 Mn by 2026, at a CAGR of 12.47 % during a forecast period. The platelet rich plasma market is segmented into a product type, application, origin, end-user, and region. In terms of product type, platelet rich plasma market is segmented into pure platelet rich plasma, leukocyte-rich platelet rich plasma, and leukocyte rich fibrin.
Based on the application segment, platelet rich plasma market is classified into orthopedics, dermatology, dental, cardiac muscle injury, nerve injury, and others. Further origin, platelet rich plasma market is divided into allogeneic platelet rich plasma, autologous platelet rich plasma, and homologous platelet rich plasma. In terms of the end-user, the platelet rich plasma market is classified into hospitals & clinics, and research institutions. Based on regions, the global platelet rich plasma market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa.
Platelet rich plasma is used in surgical procedures for augmenting tissue repair & accelerates repairing of soft tissue. Platelet rich plasma therapy relieves pain by promoting long lasting healing of musculoskeletal conditions and hence is commonly used for the treatment of arthritis, tendonitis, ligament sprain and tear.
On the basis of origin, the autologous platelet rich plasma held the largest market share due to the low threat of disease transmission, cost-effectiveness, and easy production. By application, the orthopedics segment is anticipated to lead the market for platelet rich plasma during the forecast period. The increase in accidents causing orthopedic disorders and rise in sports injuries are mainly boosting the demand for platelet rich plasma market. Based on end-user, the hospitals & clinics segment is projected to dominate the platelet rich plasma market due to the presence of a large patient base is contributing to the demand for platelet rich plasma in hospitals and clinics.
The major driving factors of global platelet rich plasma market have increased the incidence of orthopedic & sports injuries, the rising number of cosmetic surgical procedures, technological advancements & regulatory approvals for new devices, increasing the popularity of platelet rich plasma products and treatments, and growing awareness about platelet-rich plasma therapies. Standardization in quality of allergen extracts, difficulty in quality control of test results, use of platelet rich plasma in patients suffering from diabetes & kidney ailments is restricted, and regenerative medicine developments in other fields are hampering the global platelet rich plasma market growth. Geographically, the Asia Pacific is expected to show the highest growth, due to the increase in the number of people suffering from osteoporosis.
The rise in the number of accidents, growing awareness about technologically advanced platelet rich plasma market products, and rise in the occurrences of neurological disorders are some other factors increasing the expansion of platelet rich plasma market in the Asia Pacific region. The key player operating in the global platelet rich plasma market are Bio Product Laboratory Ltd, Biolife Plasma Services, Biotest, Cambryn Biologics Llc, China Biologic Products Inc., Csl Ltd, Grifols International S.A., Kedrion S.P.A., Lfb SA, and Octapharma.
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Scope of global Platelet Rich Plasma Market:
Global Platelet Rich Plasma Market, by Product Type:
• Pure Platelet Rich Plasma
• Leukocyte Rich Platelet Rich Plasma
• Leukocyte Rich Fibrin
Global Platelet Rich Plasma Market, by Application:
• Orthopedics
• Dermatology
• Dental
• Cardiac Muscle Injury
• Nerve Injury
• Others
Global Platelet Rich Plasma Market, by Origin:
• Allogeneic Platelet Rich Plasma
• Autologous Platelet Rich Plasma
• Homologous Platelet Rich Plasma
Global Platelet Rich Plasma Market, by End-user:
• Hospitals & Clinics
• Research Institutions
Global Platelet Rich Plasma Market, by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
The key player operating in the Global Platelet Rich Plasma Market:
• Bio Product Laboratory Ltd
• Biolife Plasma Services
• Biotest
• Cambryn Biologics Llc
• China Biologic Products Inc.
• Csl Ltd
• Grifols International S.A.
• Kedrion S.P.A.
• Lfb Sa
• Octapharma
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